Proof of Work Alliance Launches to Catalyze Growth on Proof of Work Ecosystems; Protect Miner Profitability

First-of-its-kind coalition brings together top mining and infrastructure leaders to strengthen the future of proof-of-work systems.

NEW YORK, May 22, 2025 /PRNewswire/ -- A new global coalition of mining pools, blockchain projects, miners, service providers, and hardware manufacturers today launched the Proof of Work Alliance, a selective forum aimed at accelerating research, technical development, and sustainable growth across proof-of-work (PoW) systems — beginning with Bitcoin.

The Alliance was spearheaded by Fractal Bitcoin, along with founding members representing major PoW blockchain protocols such as Bitcoin, Dogecoin, Ethereum Classic, and Fractal Bitcoin. Founding members include: Fractal Bitcoin, the only native scaling solution fully compatible with Bitcoin, together with F2Pool, SpiderPool, ElphaPex Miner, Ipollo, Bitmars, Fortitude Mining, StandardHash, BIT Exchange, ETC Cooperative, and Psy Protocol. Members represent a significant share of global mining activity and span core infrastructure operations across Asia, North America, South America, and Europe.

Distinguished by its breadth of representation — spanning geographies, disciplines, and core infrastructure layers — the Proof of Work Alliance brings together leading mining pools, blockchain projects, miners, service providers, and hardware manufacturers to advance applied research, cross-industry coordination, and practical enablement for both established and emerging PoW networks. A central aim is to expand the PoW ecosystem itself — making it easier for new projects to adopt proof of work by removing structural and perception-based barriers.

Despite its unmatched security and resilience, PoW is often misunderstood or dismissed, and prospective projects face a classic coordination dilemma: without hardware, mining pool support, and committed hashrate, bootstrapping a PoW chain is prohibitively difficult. The Alliance exists to offer a clear, collaborative path for teams seeking to build on the most battle-tested consensus mechanism in crypto. 

Therefore, initial areas of research and advocacy will focus on correcting misconceptions around Proof of Work, showcasing its economic and security advantages, addressing regulatory and cross-border challenges, and supporting the next generation of PoW-native protocols. This includes exploring energy-efficient mining, novel PoW algorithms, and "venture mining" as a catalytic mechanism to bootstrap new projects.

"This isn't just a working group — it's a signal to the market that Proof of Work infrastructure isn't standing still," said Spencer Yang, Core Contributor to Fractal Bitcoin. "For too long, PoW has been treated as ossified — powerful, but untouchable. This Alliance changes that. It puts innovation back on the roadmap."

While the initial focus is on knowledge exchange and coordination, Alliance members are already exploring co-funded research opportunities, drawing on past experience supporting foundational studies such as the Cambridge Bitcoin Electricity Consumption Index. Over the next 12 months, the Alliance aims to expand its membership to 15–20 top-tier entities across the mining and infrastructure space.

"This Alliance fills a critical gap in the blockchain industry," said Ayee Liu, Global Head of Marketing at ElphaPex Miner. "By bringing together technical experts from diverse projects across both Eastern and Western markets, we're creating an unprecedented platform for collaboration that will benefit the entire ecosystem."

The Alliance will convene regularly to align on shared priorities, and share best practices in protocol design, infrastructure sustainability, and hashrate management. An inaugural gathering is being planned for later this year to showcase early outputs and align on strategic priorities.

"We've structured the Alliance to balance meaningful collaboration with decisive action," adds Leon Lyu, Founder and CEO at StandardHash. "Our focus is on delivering tangible results rather than becoming another theoretical discussion forum. We welcome participation from organizations committed to the advancement of PoW technology and willing to actively contribute to our collective mission."

As the broader crypto industry continues to embrace wrapped assets, off-chain settlement, and synthetic token economies, the Alliance represents a renewed commitment to the fundamental POW consensus model. Its members believe that real innovation will depend not on new narratives, but on strong, scalable infrastructure. For more information on the Proof of Work Alliance, visit PoWAlliance.com.

About the Proof of Work Alliance
The Proof of Work Alliance is a global initiative uniting technical and economic stakeholders in proof-of-work systems. Its mission is to accelerate applied research, share operational best practices, and ensure sustainable infrastructure development for Proof of Work ecosystems. Founding members include F2Pool, SpiderPool, ElphaPex Miner, Ipollo, Bitmars, Fortitude Mining, StandardHash, BIT Exchange, ETC Cooperative, Fractal Bitcoin, and Psy Protocol.

SOURCE Fractal Bitcoin