(BTC) has become more and continues to diversify, a new report from wealth management company Canaccord on Feb. 6.
Canaccord, which tracks the and sectors along with its other financial operations, highlighted the increasingly wide distribution of ₿itcoin’s hash rate over the past five years.
This, the report says, represents a competitive marketplace which in turn makes the largest cryptocurrency less vulnerable to attack.
Multiple mining pools currently contribute to ₿itcoin network transaction processing, with that number increasing significantly since 2014.
According to Canaccord’s data, in 2014, the Ghash.io pool controlled around half the market. Five years later, no single pool controls more than 19 percent of hash rate as of Feb. 2.
The current largest stakeholder remains , the report notes, which along with ViaBTC belongs to ₿itcoin mining giant . The company has seen over the past year, with its share of the mining sphere correspondingly reduced.
Statistics about mining pools vary by source. Data from currently puts Antpool’s share at 10.5 percent, while suggests it is closer to 8.5 percent.
More generally, ₿itcoin’s hash rate has since November, when a downturn in ₿itcoin prices caused miners to over profitability woes.
Published at Wed, 06 Feb 2019 10:30:00 +0000
