I was listening to the news this morning and was quite surprised to hear the following fact regarding the Bitcoin mining hash rate. When examined by country, here is the top 5 Bitcoin mining countries by hash rate:

1. United States — 35.4%

2. Kazakhstan — 18.1%

3. Russia — 11.23%

4. Canada — 9.55%

5. Ireland — 4.68%

Now I suppose, many others, like myself do not find this to be all that surprising of a fact when considering the actions China has taken to stop all crypto mining. But an interesting idea occurs to me as a result of this news factoid. The country who controls the hash controls the chain. This brings about a very different meaning to a 51% attack. And quite honestly suggests a much more realistic threat to the longterm, decentralized, success of Bitcoin.

Also, as a bonus thought for the day…the ability to identify the bottleneck, the chokepoint, or the potential lynchpin in a process or business often yields a position of power. Be smart as you approach problems, identify alternative points of success, and you’ll get ahead every time.

I was listening to the news this morning and was quite surprised to hear the following fact regarding the Bitcoin mining hash rate. When examined by country, here is the top 5 Bitcoin mining countries by hash rate:

1. United States — 35.4%

2. Kazakhstan — 18.1%

3. Russia — 11.23%

4. Canada — 9.55%

5. Ireland — 4.68%

Now I suppose, many others, like myself do not find this to be all that surprising of a fact when considering the actions China has taken to stop all crypto mining. But an interesting idea occurs to me as a result of this news factoid. The country who controls the hash controls the chain. This brings about a very different meaning to a 51% attack. And quite honestly suggests a much more realistic threat to the longterm, decentralized, success of Bitcoin.

Also, as a bonus thought for the day…the ability to identify the bottleneck, the chokepoint, or the potential lynchpin in a process or business often yields a position of power. Be smart as you approach problems, identify alternative points of success, and you’ll get ahead every time.