As per the report, smaller mining pools have made graceful gains within this year as unknown miners either dropped-off or changed their pools.
Anonymous Bitcoin [BTC] miners had reportedly gone from solving about 6% of the blocks at the beginning of last year to 22% by the end of 2018.
Moreover, the report claims that this trend presently seem to be reversed, as smaller pools have presently solved between 23% and 24% blocks within the past 2 months, double the share percentage reported last year. Diar added that while such distribution has its advantages, conjointly another trend is manifesting itself:
“While the distribution of hash power is actually better geared against coordinated attacks, the amount of pools continue to dwindle. Till date, vs the beginning of 2018, around 40% of the pools have presently shut down.”
Just around a week earlier Diar also ‘reported‘ that the average bitcoin transaction fees hiked by nearly 200% in April compared to March.
Even earlier in May, Chinese cryptocurrency mining giant Bitmain’s hashrate has ‘noticeably dropped‘ just within a month.