Is Majority of BTC Mining Hashrate is Controlled by two Pools?
Bitcoin Is Majority of BTC Mining Hashrate is Controlled by two Pools? 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Since the last few months, Bitcoin hashrate has continuously increased, ultimately pushing the process of solving a block into a tougher scenario. As per data from Coinwarz at the time of writing this article, the BTC hash was near 312.6599 EH/s. After examining the data available on Memepool, it is noted that most of the total hashrate is held by Foundry USA and Antpool. However, Foundry USA is continuously leading and holding an average of 25-30% of the total Bitcoin Network. Foundry USA became the first non-Chinese mining pool to lead the list since November 2021. Earlier in May 2021 Chinese government banned bitcoin mining in the country. AntPool holds the second position with 18.07%, and F2Pool is third with 13.99% of the total hash rate of the bitcoin network. Currently, over 34% of the total mining power is held by US-based pools. Source: Memepool(Dot)com(Bitcoin Hash distribution record) Data shows that more than 90-95 of the total bitcoin mining power is captured by five major mining pools. Some significant factors that may be responsible for the bigger share are the distance between serves; the more the server, the