$NAT · the second subsidy
Who's mining the second subsidy?
Live Bitcoin-pool adoption.
A pool “adopts” $NAT when it mines blocks that credit NAT — the amount
decoded from each block's own bits field and auto-credited to the coinbase. Not a second
chain, not a sidechain, nothing the miner runs. This page measures the share of recent
Bitcoin hashrate doing that. It is adoption — not an endorsement, and not a price signal.
of recent blocks were mined by pools that credit $NAT to the coinbase. Measured as adopted blocks ÷ total blocks over the window.
Miners already voted — pool by pool, on-chain.
The adopted set is already a majority — over 50% — without Foundry or MARA. A simple majority of recent Bitcoin blocks now credit the second subsidy. Read this honestly: this is hashrate mining NAT-crediting blocks. It is not a vote of confidence by those pools, not an endorsement, and not a price signal — just a count of who is doing it.
Every pool, ranked by recent blocks
trailing ~1 week · mempool.space| Pool | Share | Blocks |
|---|
Adopts NAT vs. distributes NAT
A pool can credit NAT (the block's coinbase address receives it) without yet distributing NAT downstream to the individual hashers who pointed power at it. Most adopting pools credit; only two are confirmed to distribute it downstream to hashers so far.
Manually verified 2026-06-27 — not from any API. Downstream distribution is an off-chain pool-policy fact mempool.space does not expose; it is tracked by hand and may lag reality. Every other pool above credits NAT to the coinbase but is not (yet) confirmed to distribute it onward.