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> Bitcoin is too big for a few "whales" to have a sizable effect on major price trends But small enough to have miner pools controlling 50% of the hash rate.
by JetSpiegel 9y ago
> Bitcoin is too big for a few "whales" to have a sizable effect on major price trends
But small enough to have miner pools controlling 50% of the hash rate.
- lend000 9y agoTrue for some altcoins, but not Bitcoin. You can see the hash rates here: https://blockchain.info/pools https://blockchain.info/pools And even then, most pools are largely decentralized and heterogeneous -- controversial political/technical changes by the pool owner would absolutely trigger an exodus of hashrate from the pool. (As happened during the BTC/BCH fork.)