Blockchain technology company Blockstream has entered the Bitcoin mining business.
, called Stratum v2, that offers a similar upgrade in terms of the decentralization of transaction selection .
When asked why Blockstream decided to go with BetterHash rather than Stratum v2, Blockstream CSO Samson Mow stated, “Stratum v2 seems to still be in the discussion phase, and we started with BetterHash months ago.” Some critics may argue that implementing BetterHash while also developing large Bitcoin mining data centers may be a bit of a contradiction in terms of promoting decentralization, but Mow pushed back on this argument when reached for comment.
“I don’t believe Blockstream Mining poses centralization risks,” said Mow. “If anything, Blockstream Mining serves to decentralize the Bitcoin mining ecosystem in many ways. We’re self-mining with just a small portion of our available power, with the rest allocated to customers, and we have plans to make the hosting service available to smaller miners that otherwise would not be able to mine effectively.
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