Research Tracks Bitcoin Mining from Hobby to Big Business

By March 5, 2015Bitcoin Business

Nearly all bitcoin miners have been transferring their rewards within 36 hours of obtaining them, researchers at New York University have found.

Luqin Wang and Yong Liu’s  paper , an analysis on the "evolution" of pool mining, found that less than 1% of miners left their rewards untouched in 2012 and 2013.

Those who did transact with their rewards did so within a week in 2012, and within 36 hours the following year. The researchers did not […]

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