“Donald Trump,” the former US president, has promised that he will reduce energy prices by half if re-elected and build power plants at mining locations. This move could make the US an attractive destination for miners and reduce centralization in Bitcoin mining. Centralization in Bitcoin mining (BTC), especially in China, threatens this cryptocurrency’s security and resilience. About 54% of Bitcoin’s hash power is controlled by Chinese mining pools, and only two mining pools are responsible for about 50% of the network’s hash power. This concentration can lead to transaction censorship and weaken the decentralized nature of Bitcoin.
Source: cryptoslate.com
