While doing some research for my weekly articles, I found something I believe to be rather interesting.
The image below comes from a trusted source, blockchain.info, and it shows Bitcoin’s hash rate distribution.
Notice anything out of the ordinary?
Source: blockchain.info
Who’s behind the largest Bitcoin mining pool?
At the time of writing, I couldn’t find any relevant news or information regarding the people or company behind 20% of Bitcoin’s hashing rate.
I’m not entirely sure if that’s a good or bad thing.
My only concern is that whoever this person or group is, they control the largest mining pool or mining server farm out there – even bigger than btc.com’s mining pool, controlled by Bitmain, who are currently the biggest ASIC manufacturer in the market.
Something interesting, though, is that btc.com doesn’t seem to report the same stats, for some unknown reason.
Source: btc.com
Conclusion
There is not much I can say at the moment about who is behind the largest mining operation.
However, I do find it interesting there is a mismatch between blockchain.info and btc.com regarding Bitcoin hash rate distribution.
Could it mean we now have a new player taking control of the market?
Or did I miss something obvious you guys already know?
Leave your opinions and comments down below!
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.