Influence of bitmain diminishes
While there were more and more unknown prospectors in 2018, the Bitmain Group’s share of mining fell from 53% to 39%. Diar calculated the values of the three pools BTC.com, Antpool and ViaBTC together. The two former belong directly to Bitmain, in the latter invested the world’s largest manufacturer of mining hardware in April 2017.
Bitmain has repeatedly been criticized in the past for jeopardizing Bitcoin’s decentralization with its market dominance. The Chinese company not only operates large mining pools, but is also expected to produce 70-80% of all ASIC mining equipment by February last year.
Mining companies hit hard by price decline
In the wake of the bear market, the mining industry has fallen into a crisis that seems to be exacerbated particularly since the price plunge in November. Bitmain had to close branches in Israel and the Netherlands. Chinese media have repeatedly reported that company founder Jihan Wu has been removed from the group management.
In December, the Japanese Internet companies GMO and DMM withdrew from the mining business. GMO stated that it had lost nearly 300 million euros through its ASIC division.
Friends of decentralism may rejoice when powerful pools and large corporations lose power. However, Diar warns that the unknown miners who fill the vacuum they create do not necessarily have to be lone fighters. In fact, they could be part of a pool and simply not provide any information about it.
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source: https://minernews.io/bitmains-influence-is-falling-sharply-mining-more-diversified-again/
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