O'Reilly logo

Bitcoin Essentials by Albert Szmigielski

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Further centralization of mining

It is quite possible that mining may become more centralized. In the summer of 2016, the block reward will halve to 12.5 BTC; this development may move some of the smaller miners into an unprofitable territory; hence, forcing them to stop mining. As a result, the big miners may end up with a bigger overall percentage of the hashrate. Manufacturers of mining equipment constantly put out better, faster, and more efficient hardware. There is a consolidation happening in this space; thereby, creating larger mining entities. Quantum computing may also introduce a miner with enormous hash-power, and of course, if the BTC value, as measured against local currency, skyrockets, then it will encourage more investment into ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required