How Can a Pool Operator Use Derivatives to Hedge against the Risk of a Sudden Drop in Miner Participation?

A pool operator could potentially use a custom over-the-counter (OTC) derivative tied to the pool's hash rate. This derivative would function as an insurance contract, paying out if the pool's total hash rate drops below a certain level within a specified period.

This would mitigate the financial risk of a sudden loss of fee revenue caused by miners leaving, ensuring fixed operational costs can still be covered.