One of the major concerns with Bitcoin has become the mining centralization that is currently on going. Despite being a decentralized and global cryptocurrency at heart, Bitcoin mining has become a largely industrialized practice, available only to those that are capable of hosting large mining operations. One of the major concerns with Bitcoin is the mining centralization. Despite being a decentralized and global cryptocurrency at heart, Bitcoin mining has become a largely industrialized practice, available only to those that are capable of hosting large mining operations. This is due to Bitcoin’s algorithm, which due to its low memory requirements has spawned a new generation of miners, known as ASICs. These machines have rendered Graphic card (GPU) and CPU mining useless (unless you like playing the lottery) and gave way to a new era of Bitcoin mining where it can no longer be done by ordinary people on ordinary computers, but only by those with capital and large mining facilitie
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