Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<p>Hash Index data, presented by <a href="https://x.com/Jamie1Coutts/status/1706941452159471772?s=20" rel="noopener noreferrer nofollow">Jamie Coutts</a>, reveals that public miners constitute 28% of Bitcoin’s global hashrate. This data point offers a fresh perspective to the centralization versus decentralization debate surrounding Bitcoin mining. While it is a misconception that miners have central control over the network – an actuality vested in nodes – the fact that public miners control less than one-third of the global hash rate does strengthen the decentralization argument.</p> 
<p>However, it’s critical to note that mining pools may still present potential centralization points. The balance, roughly 70% of the network, is propelled by private entities. according to Hashrate Index. This blend of public and private participation further adds to the decentralization dynamic within Bitcoin’s network, ensuring a heterogenous mix of players contributing to network security.</p> 
<figure style="width: 100%" class="wp-caption alignnone"> 
 <img class="" src="https://pbs.twimg.com/media/F7A7ZCiaUAAHE6n?format=jpg&amp;name=large" alt="Public Miners % global hash rate: (Source: Hashrate Index)" width="455" height="321"> 
 <figcaption class="wp-caption-text">
   Public Miners % global hash rate: (Source: Hashrate Index) 
 </figcaption> 
</figure> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com/insights/public-miners-contribute-only-28-to-bitcoins-global-hash-rate-fueling-decentralization-debate/">Public miners contribute only 28% to Bitcoin’s global hash rate, fueling decentralization debate</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Public miners contribute only 28% to Bitcoin’s global hash rate, fueling decentralization debate

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