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Bitmain's Dominance in Proxy Mining Pools Raises Centralization Concerns

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#Bitcoin
$BTC
Decrpt
138Words
Sep 16, 2024

Recent research has confirmed that Bitmain, a major player in the bitcoin mining industry, has significant influence over proxy mining pools. The study found that many supposedly independent mining pools are actually passing along Bitmain-templated work to their miners. This raises concerns about the centralization of bitcoin mining and the control exerted by Bitmain in the day-to-day operations of these pools.

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