Miner Centralization: BIG RISK For Bitcoin??
Happy Sunday. Got another video on the Tube and this takes a look at one of those old chestnuts... Chinese Miner Centralization! 😱🇨🇳🇨🇳
We all know that Bitcoin Mining is overwhelmingly controlled in China. Currently, over 65% of the global hashrate for the network now comes from within the country. This has been known for sometime but given recent geopolitical tensions, the problem may be raising its head again.
I take a look at why centralisation is a risk, how much China really controls and whether the government will really do anything. I also analyse the potential impact on Bitcoin and whether it is something we should really be worried about.
Hope you guys like it 👇
⛓️ 🔗 Helpful Links & Sources 🔗 ⛓️
► Cambridge Mining Map: https://cbeci.org/mining_map
► 51% Attack Cost: https://www.crypto51.app/
► Property Law China: https://www.loc.gov/law/help/real-pro...
► Genesis Mining Review: https://www.genesis-mining.com/state-...
► Coinshares Report: https://coinshares.com/research/bitco...
► Barry Silbert on the Shift: https://www.reuters.com/article/us-cr...
► Bitmain in Texas: https://www.coindesk.com/why-bitmain-...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.