TheBlock
2020-05-15 19:33:08

Will Binance’s mining pool dominate the market? Other pool operators don’t think so

Quick TakeBinance recently ventured into the business of mining pools. Will it grow too big? Market participants reached by The Block are doubtfulF2Pool’s Thomas Heller, for instance, said in the next 3-6 months, Binance could control 5-10% of bitcoin network’s hash rateCoinMint’s Michael Maloney said he doesn’t expect Binance pool to grow beyond 10% of the hash rateOther experts shared concerns about centralization in the long-term

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