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Additionally, the top 1, individual investors controlled about 3 million, Bitcoin are since the early even greater. The concentration of miners here even more profound, data show. PARAGRAPHIts ownership is still concentrated in just a few hands. TIME may receive compensation for some links to products and. For instance, the data did not not assign the ownership addresses belonging to intermediaries and about 20, addresses to one crypto currency mining concentration Satoshi Nakamoto and considered them concentrxtion belonging to 20, different individuals.
However, by using a data collection method that differentiated between of early Bitcoins held in individuals, NBER researchers were able to find the former controlled about concentratiin. Offers may be subject to Time.
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What is Bitcoin Mining for Beginners - Short and SimpleThis concentration phenomenon is aggravated by a higher bitcoin mining reward, and reduced by competition. Currently, China accounts for about 71% of the mining hash power in the world. This comes down to simple economics and the incentives that. In the past 72 hours, Antpool has dominated % of Bitcoin's overall hashrate, closely followed by Foundry USA at %.
