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Is Difficulty Creating Centralization of Bitcoin?

December 02, 2014 by Finance Guy

The blockchain is designed to become more difficult, but is the difficulty rising too fast?  If 67% of all mining is done by only 8 parties, can we still call Bitcoin a decentralized currency?  The bad news for miners, is that the difficulty is going to continue to increase and the rewards are going to continue to decrease.  

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December 02, 2014 /Finance Guy
Bitcoin, BTC, Hashrate, block chain

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