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Last updated: June 17, 2025, 07:43  |  Written by: Vitalik Buterin

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Having Undergone Major Geopolitical Changes

“The Bitcoin mining network appears to be in a pretty poor and centralized shape, with a single entity custodying the Coinbase output funds for almost 50% of the global hashrate. It is clear

Having undergone major geopolitical changes and mining pool liquidity crises, the bitcoin mining sector has changed. It is no longer about independent miners. Now it is

How Centralized Is Bitcoin Mining Really? - Bitcoin Magazine

Even Though Miners Moved Fromchina

Bitcoin mining centralization is the concentration of mining power among a few dominant players. Originally, anyone with a computer and internet connection could mine Bitcoin. However, the

Even though miners moved fromChina, it remains a dominant player in Bitcoin mining. Its energy consumption fell from 75% to 46% in 2025. The miner’s attempt to improve security and scalability has turned the world’s leading blockchain centralized. Paddy Ceri, the founder of Minima, says the Cryptocurrency dream Ver más

Bitcoin Mining in 2025: Everything You Need to Know

Is Bitcoin Mining 'Centralised'? What New Research Shows

Is Bitcoin Mining Centralized?: Everything You Need to Know

Is Bitcoin Mining Getting Too Centralized?

Overview Of Bitcoin Mining Centralization

Bitcoin Mining: How Centralized Is the Pool Sector - DailyCoin

Overview of Bitcoin Mining Centralization. Definition of Bitcoin mining centralization; Importance of decentralization in cryptocurrency; Historical context of Bitcoin

What Is Bitcoin Mining Centralization and Why Is It a Concern?

There Are Numerous Factors To

There are numerous factors to consider in weighing the centralization of bitcoin mining, and the industry can only be as decentralized as any one.

Vitalik Buterin can be reached at [email protected].

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