Bitcoin’s Hash Rate Distribution Appears to be Becoming Less Centralized

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In 2012, only a few bitcoin mining pools or companies controlled the mining industry. Mining pools like Deepbit maintained majority control over bitcoin’s hash rate, at times nearly 40 percent of the hash rate distribution. As years passed and as new mining equipment came into existence and the bitcoin industry itself began to demonstrate a rapid pace of growth, new contenders emerged, and the mining ecosystem appears to have became much more decentralized than before.

As seen in the infographic below, the contrast between 2012 and 2017 is massive. In fact, apart from slush, none of the mining pools that were active in 2012 are still operating to this date. However, the infographic shows the hashrate distribution of mining pools, not miners, which makes it virtually impossible to track the geographic location of miners and to

Read more ... source: TheBitcoinNews




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