Half of the bitcoin mining is in the hands of 50 companies


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Half of bitcoin mining is in the hands of only 50 farms, while a third of the supply is controlled by 10,000 individual investors. Here are the interesting analysis details about Bitcoin…

With the rise of the cryptocurrency world, mining has become important. Bitcoin miners, who transferred to the Western world after China’s bans, are mostly corporate.

According to the cryptocurrency analysis by NBER, 14 million BTC are in circulation in the market. While 8.5 million of this is controlled by individual investors, 5.5 million is controlled by intermediary institutions. In other words, one-third of the current supply is controlled by 10,000 individual investors.

Another detail concerns Bitcoin mining. Half of the bitcoin mining farms are controlled by 50 miners. These miners, which are mostly company-style, account for one-thousandth of the total miners. Again, the top 10 percent of the miner pool controls 90 percent of mining.

The problem here is that 51 percent of the attacks are aimed at controlling the network. This is why negativity can occur, such as disrupting the operation of attackers on the network or increasing their spending size. One last piece of information is that it is very difficult for a person who started mining in 2009 to win by a person who started today.

See also  Bitcoin holders suffered millions of losses in a day

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