NEWS RELATED CRYPTOCURRENCY, BITCOINS, ONLINE BUSINESS, MLM BUSINESS OPPORTUNITY & MANY MORE..

Breaking

New Report Highlights Increasing Decentralization of Bitcoin Mining

Statistics from Canaccord say no pool controls more than 20 percent of the mining market, a major difference from 2014.

Bitcoin (BTC) mining has become more decentralized and continues to diversify, a new report from Canadian wealth management company Canaccord claimed on Feb. 6.

Canaccord, which tracks the blockchain and digital currency sectors along with its other financial operations, highlighted the increasingly wide distribution of Bitcoin’s hash rate over the past five years.

This, the report says, represents a competitive marketplace which in turn makes the largest cryptocurrency less vulnerable to attack.

Multiple mining pools currently contribute to Bitcoin network transaction processing, with that number increasing significantly since 2014.

According to Canaccord’s data, in 2014, the Ghash.io pool controlled around half the market. Five years later, no single pool controls more than 19 percent of hash rate as of Feb. 2.

The current largest stakeholder remains Antpool, the report notes, which along with ViaBTC belongs to Bitcoin mining giant Bitmain. The company has seen mixed fortunes over the past year, with its share of the mining sphere correspondingly reduced.

Statistics about mining pools vary by source. Data from Blockchain.com currently puts Antpool’s share at 10.5 percent, while Bitaps suggests it is closer to 8.5 percent.

More generally, Bitcoin’s hash rate has improved since November, when a downturn in Bitcoin prices caused miners to reduce activity over profitability woes.

No comments:

Post a Comment

Important notice: Almost all online business are temporary only & it may be become scam at any point of the time, Hence, I/we request those who want to invest their hard earned money in that.. Please verify yourself before you invest & you are the only responsible for your own money..the website owner (www.part-time-jobs-in-bangalore.net) are not responsible for any lose, profit or scam. Admin *** महत्वपूर्ण सूचना: लगभग सभी ऑनलाइन व्यवसाय अस्थायी हैं और यह समय के किसी भी समय घोटाला हो सकता है, इसलिए / मैं उन लोगों से अनुरोध करता हूं जो अपनी कड़ी मेहनत के पैसे का निवेश करना चाहते हैं .. कृपया निवेश करने से पहले अपने आप को सत्यापित करें और आप आपके खुद के पैसे के लिए ही जिम्मेदार हैं .. वेबसाइट के मालिक (www.part-time-jobs-in-bangalore.net) किसी भी खो, लाभ या घोटाले के लिए जिम्मेदार नहीं हैं। व्यवस्थापक