Bitcoin Is Centralized

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Todays video dives into the topic of Bitcoin mining centralization. We examine the role of mining pools, specifically Ant Pool's dominance, and its potential impact on Bitcoin's decentralized nature. How does mining centralization compromise users? We explore the challenges and solutions to maintain a decentralized Bitcoin network.

👇CHAPTERS 👇
00:00 Intro
01:00 Bitcoin Mining Centralization
01:50 What Is Bitcoin Mining?
04:20 What Are Mining Pools?
05:54 Why Is Bitcoin Centralized?
07:35 Who Owns Ant Pool?
09:30 Privacy Sacrifices
11:17 How To Fight Centralization

#bitcoin #btc #crypto #cryptonews #cryptocurrency

[j.mrodriguez]

Nice to see a video not focusing on price

[bheathman]

Love BTC. I've been contemplating mining for years, it might be time. Anything that gives the middle finger to central banks puts a smile on my face😊😊😊

[cryptoshrimp]

This topic needs more light shed on it, thanks Heidi

[SteveOak.El-Bitcoinero]

The fiesta Block rewards were 50/Block 1st halfing 25. 12.5 2nd, 6.25 3rd and the latest is 3.125.

[JPs-qo]

Bitcoin nodes enforce the rules, not miners. This was a deliberate design decision by Satoshi.

[Peaceable]

Thanks guys! I appreciate y'all for this clear explanation.

[lowrystcol]

Thank you Heidi. I've been watching your videos since the beginning. Amazing work as always!! You are my most trusted Bitcoin advisor on the planet.

[Bitcoineafins]

Hello from Portugal, Heidi! Great video as always. Thanks for this important highlight. Most people don't think about the concentration from pools. Keep it up 👍

[bigguix]

I have a s19 at home heating the garage ! i'm doing my part ! <3

[DoctorGamerTV]

Top three bitcoin mining companies control 68.97% of total hash rate at the moment. And we are getting these consecutive runs of up to four blocks by a single mining company, and it is concerning.

But now we have $300 mining rigs doing 4 TH/s and other inexpensive options, and then the choice of supporting the appropriate mining pool to promote decentralization.

And what if every home miner allocated some percentage of their hashing power to solo mining? maybe this can be built in as a feature of home rigs. if everyone running a rig at home were also solo mining, even at a few GH/s each, then the total..

thanks for the great video!

[arnaldo]

Excellent topic love the mining industry do more videos like this or in the prive page at learning crypto. I wold love to do more in the mining space

[ronfeggio]

Timely advice. Recently, I have growing concern with the profitability of mining. With fewer coins to claim each havening, the competition increasingly favors the well funded, large mining firms. Eventually, it appears that all mining could end up in the hands of 'centralized' firms. If that happens, there would be no need for CBDCs. BTC could easily end up under the control of central banks.

[ArturoTorras]

Thank you, you are right. It was an amazing, inspirational video.

[tim_a_findley]

Great info on some serious majority control that's developing.

[JenniferFernandez-]

After so much struggles I now own
a new house and my family is happy once again everything is finally falling into place!!

[Buckaroo]

Great detailed overview of problem vs solution

[tendosingh]

What happens when all BTC mined? Isnt the mining that creates security on the network? Also difficulty increase is exponential so might become infeasible to continue mining for most or all.

[merlymerlz]

Is that a 6’3” chilling in the background?

[constantine]

Keep the dude out of your videos and ill keep watching. You are mich more of what I want to listen to

[michaelsteven]

Great video Heidi! Your efforts are much appreciated.