Pools are centralized entities?

bob
Posts: 3
Joined: Mon Apr 10, 2017 5:22 am

Pools are centralized entities?

Postby bob » Mon Apr 10, 2017 8:57 am

Is it true that Bitcoin mining pools are centralized entities?

mas
Posts: 69
Joined: Mon Apr 10, 2017 10:39 am

Re: Pools are centralized entities?

Postby mas » Mon Apr 10, 2017 11:22 am

The general answer is yes as the increased difficulty level higher volume hash rates have left no space of P2P pools. Due to higher volume, the decentralized pools are more likely to obtain new blocks and generate quick coins.

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