Compute Power Pools #bitcoin #mining #education

Video Transcript:

the largest two Bitcoin mining pools currently are running over 50% of the Bitcoin Network’s compute power that is the management of a group of compute power to find the next block in the chain on behalf of an entire distributed network of Bitcoin miners around the world now that’s important because the more compute power they get the more Bitcoin blocks that they earn versus other people it’s very very competitive and every small nominal advantage makes the difference and for example you’ve got all of these other smaller pools such pools like Luxor who are introducing products and services within their ecosystem and other things like marapole which is a public minor they don’t let anyone else join their pool but they run their own pool and have extra products and services to accelerate your transactions on top it’s a nent industry that’s very very early and very very Innovative if you think about it