Satoshi Gazette
Data DeskLabels, not ownership

Mining Pool Coordination

Which pool labels are building Bitcoin blocks across synchronized rolling windows. The labels expose a coordination surface; they do not tell us who owns the machines.

Read-only snapshot

Aug 29, 2026, 11:18 PM UTC

One week

57.59%

top three labels · 995 blocks

One month

59.46%

top three labels · 4,475 blocks

Three months

58.78%

top three labels · 13,017 blocks

The visible coordination surface

Black is the first two pool labels. Orange is the third label, F2Pool. The vertical rule marks 50% of observed blocks.

One week57.59%
One month59.46%
Three months58.78%

Ranked labels

Blocks attributed in each synchronized window

Pool labelOne weekOne monthThree months
Foundry USA240 (24.12%)1,094 (24.45%)3,296 (25.32%)
AntPool180 (18.09%)847 (18.93%)2,452 (18.84%)
F2Pool153 (15.38%)720 (16.09%)1,904 (14.63%)
SpiderPool104 (10.45%)424 (9.47%)1,241 (9.53%)
ViaBTC82 (8.24%)358 (8.00%)1,107 (8.50%)
MARA Pool55 (5.53%)215 (4.80%)663 (5.09%)

Read the number carefully

A pool label measures attributed block production in a finite rolling sample. It does not reveal who owns the connected machines, their geography, whether operators coordinate, or how quickly miners can redirect work.

Method

Calculation
For each synchronized endpoint snapshot, sort the reported pool rows by block count and divide the summed block count of the first two, three, or five labels by the endpoint total. Percentages are derived at build time and rounded to two decimal places.
Attribution
mempool.space assigns pool labels from coinbase tags and known block-reward payout addresses. Its public identification repository can change, and historical blocks can be re-indexed after an identifier update.
Why it matters
Repeated concentration under a small number of pool labels is a visible coordination surface. The operational question is whether miners can detect unwanted policy and switch without permission.

Receipts

This snapshot first appeared in the accompanying Satoshi Gazette Story. Future snapshots should append to the series rather than rewrite this observation.