The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flo...
Bitcoin miners have successfully survived the 2020 Halving and COVID-19, and the network is now seeing some of its highest hash rates ever as these operations power up new equipment and reach new levels of decentralization going into the second decade of bitcoin mining. Bitcoin Mining Is Decentralizing China still dominates the bitcoin mining space, although the percentage of the hash rate coming from the country has dropped recently, from around 65 percent in early 2020 to about 50 percent more recently as Chinese mining farms are weathering a particularly difficult monsoon season and the....
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The Bitcoin mining landscape has undergone shifts over the past year due to China’s crackdowns. Here’s some data that shows how decentralized the BTC network currently is. State Of Decentralization On The Current Bitcoin Mining Network One way to study about decentralization in the BTC mining network is to go through hashrate dominance data of […]
Despite the recent increase in mining difficulty, Bitcoin miners still see a 31% uptick in revenue as hashrate recovery continues. Bitcoin Miners Enjoy 31% Surge In Revenue Over the past couple of months, BTC’s global mining hashrate collapsed as China ramped up its crackdowns on BTC mining. China was a host to many big mining […]
Bitcoin expert Andreas Antonopoulos explains why faster mining chips and slamming into the Moore’s Law “wall” will be “a very good thing” for decentralization moving forward. Mining Arms Race Slows at 16nm Chips. Speaking at D10E event in San Francisco in July 2016, Andreas Antonopoulos focused on the architecture of power and the trade-offs between....
What role are mining pools playing in ensuring decentralization as record hash rates and difficulty levels roll in? The post As Bitcoin Mining Becomes More Competitive, Will Pools Ensure Decentralization? appeared first on Bitcoin Magazine.
The great hash rate plunge caused by an exodus of miners from China shows large scale Proof-of-Work mining facilities are vulnerable to regulation. Bitcoin’s reliance on large-scale mining infrastructure and geographic concentration has been thrown into sharp relief by China’s recent mining crackdown. In May, China announced that it would be getting tough on crypto mining and trading as a response to financial risks. The nation’s crackdown on crypto is not new, rather it's a reiteration of previous standings on the risks of digital currency to economic stability, in response to recent....