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PI NETWORK CORE TEAM OFFICIAL COUNTDOWN - PI COIN PRICE LAUCNCH - PI NETWORK MAINNET REAL DATECurrently, China accounts for about 71% of the mining hash power in the world. This comes down to simple economics and the incentives that. High mining difficulties can discourage individual miners, leading to a higher concentration of mining power in large mining farms. This. Abstract. This paper introduces mining pools' concentration into a dynamic asset pricing equilibrium. Our theory builds on the intuitive yet novel insight.
