Post
Topic
Board Bitcoin Discussion
Re: With ~90% of blocks solved by 10 pools, is Bitcoin really decentralized anymore?
by
Tipstar
on 15/05/2020, 02:29:24 UTC
its worked out that there is about 80exa of 'farms' and upto 60exa of smaller groups. which is why you see the hashrate peak at 140exa but drop to 80-90exa because hobby miners are jumping in and out at a whim.

Overall a great response thank you. And that quote right there ^ is exactly the kind of thing I was curious about.  Assuming accuracy, that means that really only about 60% (rough number at that 140exa) is actually these few big mines that I was referencing, and almost 40% is made up of much smaller. Assuming those numbers are correct, that paints a much better picture than what's easily assumed these days. Thank you again!


This is not a valid reasoning to call bitcoin is a centralized coin as 10 pools are getting 90% of new bitcoins. Firstly because the new coins generated are now negligible to what is already in circulation and it's 90% is further more divided into 10+ pools. A large amount of coins (40%) are held by a thousand addresses, which still is much decentralized that fiat money in the world.