Bitcoin Hash Rate: Public Miners Account For Just 28% – Is Decentralization In Jeopardy?

Bitcoin Hash Rate: Public Miners Account For Just 28% – Is Decentralization In Jeopardy?

In the world of Bitcoin mining, the concept of decentralization versus centralization has been a subject of ongoing debate. 
Recent data from Hash Index has shed new light on this discussion by revealing that public miners make up just 28% of Bitcoin’s global hash rate. This statistic challenges the notion that miners hold central control over the network, emphasizing the pivotal role of nodes in the ecosystem.
While this data showcases the influence of public miners, it’s crucial to acknowledge that potential centralization points still exist within mining pools. Approximately 70% of the network’s hash rate is driven by private entities, as reported by Hashrate Index. 
According to @hashindex, public miners are 28% of #Bitcoin‘s global hashrate.
The industry is evolving, with public co’s and nation-states now integrally involved. This presents opportunities & challenges to the network.
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— Jamie Coutts CMT (@Jamie1Coutts) September 27, 202

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We współpracy z: https://bitcoinist.com/bitcoin-hash-rate-debate/

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