That Foundry 7-block streak caught my eye. Folks forget GHash.IO actually crossed 51% hashrate for 12 hours straight back in July 2014. The community response was wild. Miners voluntarily left the pool until it dropped below 40% within 48 hours. No protocol change needed, just game theory doing its thing.
What makes the Foundry situation different is the FPPS payout model. GHash ran PPS which incentivized loyalty. FPPS adds transaction fee sharing on top, which creates even stickier pool dynamics. Miners have a direct financial penalty for leaving because they forfeit their share of high-fee blocks.
The real metric to watch isn't streak length but the ratio of Foundry's share during fee spikes versus calm periods. That tells you whether the concentration is structural or just statistical noise.
That Foundry 7-block streak caught my eye. Folks forget GHash.IO actually crossed 51% hashrate for 12 hours straight back in July 2014. The community response was wild. Miners voluntarily left the pool until it dropped below 40% within 48 hours. No protocol change needed, just game theory doing its thing.
What makes the Foundry situation different is the FPPS payout model. GHash ran PPS which incentivized loyalty. FPPS adds transaction fee sharing on top, which creates even stickier pool dynamics. Miners have a direct financial penalty for leaving because they forfeit their share of high-fee blocks.
The real metric to watch isn't streak length but the ratio of Foundry's share during fee spikes versus calm periods. That tells you whether the concentration is structural or just statistical noise.