How Centralized Is Bitcoin Mining Really? Today


When discussing bitcoin mining centralization, the issue almost always gets muddied immediately. One person might think in terms of mining pool distribution, another in terms of hash rate distribution across jurisdictions, and yet another might be chiefly concerned with how many manufacturers of mining hardware there are.

People frequently boil the entire topic down to just a narrow aspect of it that they think is most important to focus on, losing sight of the fact that there are many different areas in which mining might be more decentralized or more centralized, and that all of them feed back into each other to have effects on different areas.

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