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16min chapter
A Future with Bitcoin Mining in Every Home? with John Stefanopoulos (WiM380)
The "What is Money?" Show
Mining Pools and Centralization Risks
This chapter discusses the concept of mining pools in Bitcoin and the potential centralization risks associated with them. It explores how mining pools function, the misconception surrounding their control, and the importance of honesty in maintaining the hash rate. The chapter also envisions a future where every residential home mines Bitcoin and highlights the potential applications of Bitcoin mining beyond just creating digital currency.
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