**Hashrate Centralization Raises Concerns**
The Bitcoin network’s hashrate distribution and centralization are causing concerns within the industry. While the US has seen significant growth, with Foundry USA and MARA Pool controlling a considerable portion, China still dominates with 55% of the global hashrate. This dominance is maintained despite a 2021 ban, with miners using VPNs and peer-to-peer apps to bypass restrictions.
The geographic distribution of miners and the structure of mining pools make it challenging to accurately estimate hashrate control. Industry leaders warn that hashrate centralization poses risks to Bitcoin’s decentralization and could even impact national security.
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