Post
Topic
Board Bitcoin Technical Support
Re: Mining hash rate distribution
by
alfredaino
on 11/02/2024, 16:54:30 UTC

The problem is that mining is so centralised and not transparent. About 50-60 miners control 51% of the hash power, we also don't have a dashaboard, a tool to check the status of the network, and we have to rely on the intensive work of researchers. This is a serious lack of transparency. The government does not want to destroy Bitcoin, it is enough to control it.

Not even close, just because you like spitting out numbers that mean nothing.
If you ever get off your chair and go to any of the large blockchain events you are going to meet a lot more then 50 to 60 people who control a few EH/s thought their companies.
Hell even here you can see the % of some of the mining in the US and that is spread among dozens and dozens of companies.

https://medium.com/foundry-digital/foundry-usa-pool-hashrate-by-state-f9dc92e7bc3b

Learn how things work before spouting off about them.

-Dave

I honestly trust two scientific researches more than opinions on a forum from random users.
If this research is wrong, I would like to have proof and suggestions to correct it.
Assuming the data from the two researches is valid, any reasonable person understands that there is a decentralisation and transparency problem at the heart of bitcoin. Then if we want to hide the reality to prevent it from losing value, fine, just say so.