for Decentralization, although mining today is somewhat centralized, not all hope is lost for increased decentralization in the future. The Future, although not Bitcoins most pressing problem, it is clear that mining centralization poses a threat to Bitcoins core concepts. At anytime, individual miners can solo mine or switch pools. Todays Mining Centralization, since the creation of Bitcoin mining pools, the hash rate distribution of Bitcoin has become increasingly centralized. It is quite likely that. 16nm Chips, andreas Antonopoulos believes that 16nm asics could mark the end of mining centralization. The country itself is home to between 60-70 of the Bitcoin network hash power. According to its stats page, Slush Pools hash power is made up of over 13,000 individual miners. The largest four pools control 75 of the hash rate, and the largest two control more than. Why is Mining Centralization Bad?
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Profit-Switching Pool w/ Vardiff - Optionally keep the alts we mine or auto-trade for BTC. Slush Pool is one of the few mining pools to publically display mining pool statistics and voting. Software that allows anyone to create a high quality mining pool would create more competition and create many smaller pools. Since the incident, the Bitcoin community has pushed developers and pool owners to create new solutions to ensure Bitcoin mining remains decentralized. Ethereum creator Vitalik Buterin also suggests that easily installable software could further weaken large pools. This is promising because it shows that mining pools concentrate hash power, but dont control. Up until 16nm chips, the improvements made.