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Buying hashing power doesn’t automatically decentralize Bitcoin mining — it depends on how the hashing power is distributed and controlled.
If one company owns and controls all the mining hardware and simply rents out hashpower, then the operation itself is still centralized, even if many people are paying for access. In that case, decentralization is more about ownership of revenue than control of the network.
Hashing power contributes to decentralization only when control is spread across many independent operators who can choose their pools, validate blocks independently, and are not subject to a single point of failure or decision-making.
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