The loss of a few percent of the hashrate to other pools will not alter the overall distribution of Bitcoin’s hashrate.
There is no reason to panic just because a pool accounting for a couple of percent of the total hashrate has shut down, other pools have no plans to follow suit.
Not really in reference to the total hashrate of the network but just the total mining pool distribution. I mean a scenario where miners have to choose between a few working pools that are left.
The miner made this choice back during the initial setup phase, when they configured a backup pool or even two. I personally always set up a backup pool to avoid losing hashrate in the event of disruptions, which could even be caused by my internet service provider. Miners typically choose large pools because it is easier to calculate mining profits there.
Also with pools a lot depends on how much gear they have and mine with.
Other than bitmain which makes gear most pools pay more for a miner .
They also do not get the newest latest miner on the cheap ahead of other pools.
So if a pool has a lot of older gear they may not want to upgrade to new gear.
Ie your pool has 1000 s21's they have reached the point of needing replacement.
Buy 1000 s23 hydro's Or shut down and sell the power contract to an AI company.
It is an easy choice.
