Bitcoin mining pools

Bitcoin Mining Pool Centralization (Bad News)

Join the private Bitcoin forum: In this video, I discuss the global centralization of Bitcoin hash rate, including Jihan Wu’s control over Chinese mining pools. I also discuss the differences between mining rigs (ASICs, hashers), mining farms, and mining pools. Fortunately for Bitcoin, there is an eternal Mexican standoff between nodes, miners, and other parts of the Bitcoin ecosystem that…