New Report Highlights Increasing Decentralization Of Bitcoin Mining
Bitcoin mining has become more decentralized and continues to diversify, a new report from Canadian wealth management company Canaccord claimed on Feb. 6.
Multiple mining pools currently contribute to Bitcoin network transaction processing, with that number increasing significantly since 2014.
The current largest stakeholder remains Antpool, the report notes, which along with ViaBTC belongs to mining giant Bitmain.
The company has seen mixed fortunes over the past year, with its share of the mining sphere correspondingly reduced.
More generally, Bitcoin’s hash rate has improved since November, when a downturn in Bitcoin prices caused miners to reduce activity over profitability woes.
William Suburg’s original article for cointelegraph.com reduced by 50%
Related story: Green Bitcoin Mining Centers To Be Launched In Paraguay By Bitfury (coinbeat.com)
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