In the past it happened several times one pool to take almost 50% hashrate and even mining operations to have around 40% hashrate, those days are gone now.
Topic: Bitcoin mining centralized - page 2. (Read 1189 times)
Bitcoin mining has never been so decentralized as you can see in the pie chart below.
In the past it happened several times one pool to take almost 50% hashrate and even mining operations to have around 40% hashrate, those days are gone now.
In the past it happened several times one pool to take almost 50% hashrate and even mining operations to have around 40% hashrate, those days are gone now.
I appears to have indeed been centralized for a few years now. Unfortunately, it is next to impossible to prevent things like this from happening.
There will always be people that invest a lot to gain a big share of something, in this case mining power. Even if mining power would somehow be capped, they would find a way to run tons of mini farms and get the same result.
There are not real solutions to mining centralization yet. POS doesn't work, because the rich still mine most. dPOS doesn't work, because the rich can vote themselves as delegate.
There will always be people that invest a lot to gain a big share of something, in this case mining power. Even if mining power would somehow be capped, they would find a way to run tons of mini farms and get the same result.
There are not real solutions to mining centralization yet. POS doesn't work, because the rich still mine most. dPOS doesn't work, because the rich can vote themselves as delegate.
Bitcoin mining is a good concept which provides reward for miners who help to solve the transactions.But,nowadays,has it made bitcoin get accumulated in the hands of only those who can afford thousands of dollars of ASIC hardware? Has bitcoin been centralized?
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