Carlo
Thu Jul 11 2024
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5 answers
1107
Is the concentration of bitcoin mining a problem?
With the increasing popularity and profitability of Bitcoin mining, has the concentration of mining power become a significant issue? Are there any concerns that a few large mining pools or companies may control a disproportionate share of the network's hashing power, potentially affecting the decentralization and security of the Bitcoin network? Could this concentration lead to centralization of power, compromising the network's resilience and ability to withstand attacks? Are there any measures being taken to address this potential issue and ensure a more balanced distribution of mining power?
