Risks of Bitcoin mining centralization and Elektron Energy's position

The private miner Elektron Energy team points to the growing concentration of mining in the Bitcoin network.

Concentration of censorship risks

About 59% of all blocks in the Bitcoin network are mined by just three mining pools. Pool operators influence the inclusion of transactions in new blocks, which potentially increases the risks of censorship and coordinated attacks on the network.

Decentralization tools

Mining pools do not own all connected equipment. Miners can switch pools at any time and redirect their computing power independently.

High concentration of mining pools does not mean an automatic loss of Bitcoin decentralization.