Will Binance’s mining pool dominate the market? Other pool operators don’t think so

10

Quick Take

  • Binance recently ventured into the business of mining pools. Will it grow too big? Market participants reached by The Block are doubtful
  • F2Pool’s Thomas Heller, for instance, said in the next 3-6 months, Binance could control 5-10% of bitcoin network’s hash rate
  • CoinMint’s Michael Maloney said he doesn’t expect Binance pool to grow beyond 10% of the hash rate
  • Other experts shared concerns about centralization in the long-term

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Will Binance’s mining pool dominate the market? Other pool operators don’t think so written by Yogita Khatri @ https://www.theblockcrypto.com/daily/65429/binance-pool-dominate-market?utm_source=rss&utm_medium=rss May 15, 2020 Yogita Khatri

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