Data shows anonymous entities becoming an ever larger force on the Bitcoin mining scene this year and last.
Bitcoin (BTC) has become considerably more decentralized in the past year, one metric suggests — and the trend is growing.According to data from on-chain data resource Blockchain, hash rate distribution is increasingly favoring small, unknown miners. Small guys increase slice of mining pieDespite the past twelve months seeing a large price run-up, Bitcoin miners have not become more “corporate” — mining is actually seeing more anonymous, small-scale entities join in.Looking at hash rate distribution, the trend is in evidence ever since the March 2020 crash, and this year has gathered pace. The drawdown from $64,500 all-time highs precipitated the move towards smaller players, something which would be expected from a falling hash rate incentivizing them to mine.Bitcoin mining hash rate distribution chart. Sourc
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