The Bitcoin mining race has intensified between China and the United States, with AntPool mining almost one-third of all newly issued BTC in the past 24 hours. This concentration of block production and mining rewards has raised concerns about centralization in the Bitcoin mining industry. A Bitcoin Core developer has warned that transactions may require at least two hours to be considered secure due to this centralization. Furthermore, research suggests that AntPool centralizes most mining activity beyond block discovery. The race between the two leading economies, the US and China, has implications for the value of Bitcoin and its price in the market.



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