RE: Daily Crypto Markets Live Blog: A Lot of Talk About The Merge (08/27/22)

[taskmaster4450le]

Of course, isnt that the case with Bitcoin. Try mining on a laptop these days. Bitcoin is run by 5 or 6 mining farms.

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Comments

[rzc24-nftbbg]

It reminds me of one paragraph in a white paper on a young blockchain project:

The ease of mining Bitcoin and the subsequent rise of Bitcoin mining farms quickly produced a massive centralization of production power and wealth in Bitcoin's network. To provide some context, 87% of all Bitcoins are now owned by 1% of their network. The centralization of power in Bitcoin's network makes it very difficult and expensive for the average person.

[taskmaster4450le]

There is a lot to what is being expressed.

It is a challenge to get distribution right.

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[rzc24-nftbbg]

Yes, and that's what new names out there are claiming to do right.