Meet the 21 companies you've never heard of that are battling to control bitcoin

in #mining7 years ago

Flashy startups like Coinbase, Circle, Blockchain, and BitPay are some of the most famous companies in bitcoin.
But arguably more important are the miners - individuals and organisations who form the core backbone of bitcoin, ensuring the digital currency's integrity.

Bitcoin runs on a blockchain, a decentralised and public ledger of every transaction made on the network. By offering processing power towards this, users get a chance to win bitcoin - creating an arms race of miners scrambling to assemble ever-more sophisticated and powerful equipment to "mine" new bitcoin.

Some individuals go it alone; others join open "pools" where they combine their resources to improve their odds; some larger companies also have mining efforts. While the #1 spot can change from week to week, we have ranked the biggest mining companies using data covering August 5 to August 12 from bitcoin network analysis company Blocktrail .

Sort:  

Congratulations @sid10! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received
Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.32
TRX 0.26
JST 0.040
BTC 95101.21
ETH 3400.84
USDT 1.00
SBD 3.32