Even till now, Foundry USA and AntPool are both having over 51% of the hash rates in total. But not that only one mining pool is having the over 51% hash rates.
It would have been good if the hash rate can be more distributed than only two pools having over 51% of mining hash rates. Let us see what will happen when Tether and Ocean that former Twitter CEO raised funds for will start operation. Tether said they are investing $500 million into bitcoin mining.
Topic: Centralization in mining. - page 2. (Read 472 times)
Apologies if this is a topic which has already been extensively discussed, but does it not disturb anyone that in the last week ~55% of network hashrate has been shared between 2 pools? Maybe my judgement is incorrect but it seems like a disaster just waiting to happen. Is moving towards more asic resistant algorithms something which has been considering or is feesable?
It seems in the last couple of years mining has had a pretty dramatic shift into the hands of larger cooperations and governments.
Are my worries justified?
pseudospace.
It seems in the last couple of years mining has had a pretty dramatic shift into the hands of larger cooperations and governments.
Are my worries justified?
pseudospace.
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