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Speculation is that Bitmain provides the small players with FPPS insurance to survive bad luck streaks.

I have heard versions of this argument, too. Not sure how to verify it or think about it.

Grok says

Braiins is sometimes mentioned in these discussions (alongside pools like ViaBTC, Ultimus, Binance at certain times, etc.), but analyses typically show lower similarity scores for Braiins-AntPool (e.g., around 32% in one detailed comparison, far below the near-100% matches for AntPool-Poolin or AntPool-BTC.com)

I wonder if Grok used this new article for the analysis? I think there was a 2024 article that formed the basis for the old prevailing view.

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