Mining pools compete for miners, and exchanges compete for mining pools’ bitcoin
Mining is integral to cryptocurrency, as it both ensures the permanent integrity of the blockchain and allows new funds to enter the market. Bitcoin mining competition has increased exponentially since 2015 as the currency’s value has risen and mining equipment has become more powerful. But how concentrated is that competition and where do mining pools send their bitcoin? Download our latest markets report to find out. Inside, we provide original research into the level of competition not just between the top mining pools, but also between exchanges to be the destination of choice for new Bitcoin awarded to those mining pools.