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Declining Profitability For New Miners Threatens Bitcoin Decentralization

The halving of the bitcoin block reward this past July has changed the profitability of new miner entries, a development that could ultimately impact bitcoin’s decentralization, according to Sveinn Valfells of Flux, Ltd. and Jon Helgi Egilsson of the Faculty of Economics at the University of Iceland. In a paper, “Minting Money with Megawatts” for […]


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