19% of the bitcoin population is supplied by public companies
According to a new report from Arcane Research, bitcoin control is becoming increasingly common as public companies play an increasing role. Current data show that the share of publicly traded mining companies in Bitcoin is currently approximately 19%. Due to this issue, from January 2021 (December 2016) until now, the level of control of this type of companies in Bitcoin has increased by 3%.
According to reports Bitcoin.comPublic equity firms continue to grow, growing faster than their competitors in the digital currency mining market.
In recent years, due to the increasing popularity of digital currency mining to its highest level, it can be said that bitcoin mining has grown significantly. Currently, the bitcoin network hash rate is about 222.18 exhumations per second (EH / S), or 222 quintillion hashes per second.
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A recent report by Arkin Research indicates that about 19 percent of Bitcoin’s current holdings are owned by public companies. Hive Blockchain Technologies, Cleanspark, Riot Blockchain, Marathon Digital Holdings, Bitfarms and other mining companies (Hut 8 Mining) Are those who extract bitcoins.
Jaran Mellerud, the report’s author, explains that 19 percent of the Bitcoin network’s popularity lies with public companies. This ratio has seen a growth of 3% since January 2021 (December 1399). Whereas at the time only a handful of bitcoin miners were public companies, now the number has risen to 26.
Melroud adds that most of these miners are based in North America and because they have more access to capital, they are able to expand their mining equipment faster than other private companies.
In addition to the above, the researcher states in his report that the growth rate of publicly traded mining companies is growing much faster than the overall mining market. To increase the bitcoin production, these companies have to raise their awareness faster than other members of the network.
The researcher concludes that given the intention of these companies to increase their awareness faster than the awareness of other network members, we should expect the United States and Canada to increase their share of total awareness.
Considering that according to this report, 19% of the total network awareness (222 exits per second) belongs to public companies, it can be concluded that the share of these companies in bitcoin hash rate will be equal to 42.18 exits per second.