Published on August 15th, 2015 | by bitcoin0
Several Entities Battle for a Share of the Bitcoin Mining Market
While most of the developments in the cryptocurrency industry have focused on bitcoin payments or blockchain applications, there are still a lot of entities that are battling to dominate the bitcoin mining arena.
One of the most popular features of the bitcoin mining network is that any changes in the blockchain must be updated in all computers involved.
If there is a discrepancy, the network will favor the version that is found in majority of the bitcoin mining computers.
Bitcoin Mining Supremacy
Bitcoin network analysis company Blocktrail keeps track of the entities that are able to increase their processing power to mine more bitcoins.
Several small unknown entities are known to control as little to 0.1% to as much as 0.66% of bitcoin mining.