The Trifecta of Bitcoin Centralization
Pool centralization, custodian consolidation & near-monopoly in ASIC markets
Miners play a crucial role in the Bitcoin ecosystem. By securing the network, they are directly rewarded by the very system they protect. However, it's important to remember that hashing to solve blocks is just one part of the mining process. Bitcoin mining ASICs are designed solely for this purpose. In today's environment, most other aspects of mining,…