According to the Diar report, with an increase in the total computing power of the Bitcoin network, the share of unknown mining pools in it increases. At the same time, the share of pools associated with the Chinese giant Bitmain, which previously had almost a monopoly position, is gradually decreasing.
The researchers note that in this way the network of the first cryptocurrency becomes more decentralized. For example, if the share of unknown Bitcoin miners at the beginning of 2018 accounted for only 6% of the mined blocks, by mid-January 2019 this figure reached 22%.
On the other hand, the total number of pools is decreasing. So, in comparison with the beginning of 2018, the number of mining enterprises has decreased by 40%, which is probably due to a sharp drop in their profitability during “cryptozymes”.
Despite the positive shifts towards decentralization, currently the main capacities are still concentrated in large pools, including BTC.com, Poolin, F2Pool and Antpool.
Data: CoinDance
Nevertheless, the hash rate is growing along with the confident recovery of the BTC price :
Data: blockchain.com
Also the number of onchain transactions is gradually increasing:
Data: blockchain.com
Earlier, BlockchainJournal reported that the pools generating most of the hashrate are associated with the Chinese company Bitmain.
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