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Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: sirty143 on April 13, 2024, 09:27:47 AM

Title: A Single Custodian Oversees Nearly Half of Bitcoin's Block Rewards
Post by: sirty143 on April 13, 2024, 09:27:47 AM

A Single Custodian Oversees Nearly Half of Bitcoin's Block Rewards

Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate... See more for yourself here (https://news.bitcoin.com/a-single-custodian-oversees-nearly-half-of-bitcoins-block-rewards/).

Your opinion is greatly appreciated.

Title: Re: A Single Custodian Oversees Nearly Half of Bitcoin's Block Rewards
Post by: ABCbits on April 16, 2024, 11:32:59 AM

Even after looking at transaction mentioned on the source, it's hard to believe multiple Bitcoin mining pools would use custodian service. I doubt miner who join one of those pools knows about this finding. It's just more reason to revive Bitcoin's P2Pool (decentralized mining pool).