28% of Bitcoin hash rate supplied by public miners
In data referenced by Bloomberg Intelligence, it was reported that public miner s now make up 28% of Bitcoin’s global hash rate. Jamie Coutts, the analyst, shares that this presents an evolution to the industry, introducing new opportunities and challenges to the network, including higher prices in the West and potential to overload fragile energy grids in more affordable countries. Small scale miners are still critical Simultaneously, Coutts shares that small-scale miner s are still critical to ensure the crypto industry remains decentralized and less fragile. According to @hashindex, public miner s are 28% of #Bitcoin's global hashrate. The industry is evolving, with public co's and nation-states now integrally involved. This presents opportunities & challenges to the network. 1/ pic.twitter.com/S6bFNTknMO — Jamie Coutts CMT (@Jamie1Coutts) September 27, 2023 Unfortunately, on the other side, in many countries, mining is outlawed or economically unfeasible...