From a coin disc article.

"Bernstein says it expects the U.S. bitcoin mining industry to consolidate to about five large players who will control substantial capacity. There are more than 20 publicly listed miners at present."

First Mover Americas: BTC Consolidates Around $68K as IBIT Overtakes GBTC

https://www.coindesk.com/markets/2024/05/29/first-mover-americas-btc-consolidates-around-68k-as-ibit-overtakes-gbtc/

Each having is just going to make it easier for the US government to control more than 51% of the #Bitcoin mining hash power and stop transactions if they wish. Since Bitcoin is not fungible, it can totally be blocked.

#Monero

Reply to this note

Please Login to reply.

Discussion

Nah. More miners will spring up amongst the people and people will fork off the government miners.

Right, the question is how long can a person afford to wait while that occurs?