As Bitcoin mining faces increasing challenges, including the concentration of computing power and the impact of periodic halvings, the industry is seeking innovation to remain resilient.
he hash rate A global index measuring network processing power reached record levels in 2025, driven by advances in hardware and expansion into regions where energy is abundant and cheap. As reported by CriptoNoticias, despite a good record, recent events in China are currently reframing this situation.
Beyond this situation, concerns about centralization into a few dominant pools remain. cut in half From 2024 hectares Forced business restructuring and eliminated inefficient players and promote sector specialization.
We spoke with Alejandro de la Torre, CEO and co-founder of DMND Pool, about these topics and more. He is currently leading efforts to decentralize mining through technologies such as Stratum V2.
As the concentration increases, hash rate There is a debate within the pool about the health of the Bitcoin network. Mr. de la Torre emphasizes the need to distinguish important nuances in this phenomenon.
«It is important to distinguish between the following concentrations: hash rate (who owns the machine) and the centralization of block template construction (who decides which transactions come in). “The second thing is the real risk of censorship,” he explains.
Historically, pools have controlled both aspects, creating centralized vulnerabilities that can compromise integrity. However, management sees a positive outlook thanks to Stratum V2, which DMND is actively adopting.
This technology redistributes power and Individual miners make decisions regarding transactions, but the pool is limited to aggregation functions..
While the visual concentration on graphics is worrying to the casual observer, the underlying architecture is becoming technologically decentralized. The future is a robust infrastructure where pools serve miners rather than controlling them.
Mr. Alejandro de la Torre, CEO of DMND Pool.
According to interviewees, this evolution reduces the risk of single points of failure and fosters a more resilient network in line with Bitcoin’s decentralized principles.
The Bitcoin cycle is what it is now, but it’s different
Regarding the 4-year cycle, cut in half De la Torre argues that while they are a more mature approach, they are still effective: cutting block rewards in half.
“From our industrial and operational perspective, the four-year cycle is still perfectly valid, but we no longer measure it by market speculation, but by cycles of hardware updates and operational efficiency,” he elaborates.
For institutional miners, he cut in half Acts as a “supply shock” that imposes natural selectionforcing fleet updates and cost optimization.
According to de la Torre, this pattern is divided into three phases. After halvingoperators with high costs and outdated equipment exit the market. One is consolidation, which uses a more efficient network in terms of joules per terahash. The other is expansion, where survivors reinvest.
“Thus, the four-year pattern has not ended; it has simply matured. It is no longer a cycle of ‘bubble and burst’ for tourists, but rather a cycle of technological renewal and elimination of inefficiencies, which is determining the pace of the professional mining industry,” de la Torre explains.
This industry vision emphasizes: cut in half In addition to influencing the price, However, they foster innovation and operational sustainability in the sector.
Stratum V2 could boost Bitcoin mining in Latin America
Latin America is rich in renewable energy resources and represents fertile ground for mining, but faces obstacles such as remote connectivity.
Mr. de la Torre emphasizes: Stratum V2 addresses these challenges and positions the region as a global competitor.. “At DMND, we see Stratum V2 not just as a software improvement, but as an important part of industrial infrastructure, especially for markets like Latin America where geography and connectivity present unique challenges,” he says.
Bandwidth efficiency is important in isolated areas, such as hydropower plants in jungles or energy facilities where residual gas is not used efficiently.
Stratum V2 is binary, which reduces data consumption and provides stable operation compared to the V1 protocol.
“This means a mining farm in the jungles of Patagonia or Paraguay can operate with the same network efficiency as a mining farm in Texas, eliminating latency and geographic disadvantages. old stock (Outdated miner stocks, or stocks that arrived at the wrong time),” explains de la Torre. This optimization levels the fields and makes it possible to utilize underutilized energy within the region.
De la Torre’s statement predicts a future where technology decentralizes power in Bitcoin mining, benefiting emerging regions such as Latin America.