Bitcoin mining centralized

[Patatas]

Bitcoin mining is a good concept which provides reward for miners who help to solve the transactions.But,nowadays,has it made bitcoin get accumulated in the hands of only those who can afford thousands of dollars of ASIC hardware? Has bitcoin been centralized?

It is on the verge of centralization.With most of the bitcoins belonging to online wallets and exchanges,it can never be the same before.Heck,do people even bother installing Bitcoin Core anymore ?
We are reaching new heights in terms of financial charts,just saw a post today that said a bitcoin is more valuable than an ounce of gold in today's rate but the damages are unrecoverable.I'm glad the codebase isn't bought by a Nifty organization yet.

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[CraigWrightBTC]

Bitcoin mining is a good concept which provides reward for miners who help to solve the transactions.But,nowadays,has it made bitcoin get accumulated in the hands of only those who can afford thousands of dollars of ASIC hardware? Has bitcoin been centralized?

No, bitcoin mining is not centralization, although there are people who buy thousands of dollars asic miners
because right now will be difficult for 51% attack on bitcoin network by one person,
they buy asic miners for investments in hardware miners and mine bitcoin of course with calculate return of investments.

[pinkpanther03]

Bitcoin mining is a good concept which provides reward for miners who help to solve the transactions.But,nowadays,has it made bitcoin get accumulated in the hands of only those who can afford thousands of dollars of ASIC hardware? Has bitcoin been centralized?

Bitcoin in itself is decentralized but you got that point when you say that it is starting to be a centralized currency. The main reason is the bitcoin mining sector. There is a problem reaching a consensus due to personal greed of large group that wanted to be on the top of the chain. They probably wanted to have a control and power over the mining industry. Bitcoin is very valuable and thats why the greedy groups has making its way to get a hold on bitcoin network.

I agreed on this matter, because of the greed people they've created a large group of people which they think has a capacity to manipulate the value of bitcoin network in mining industry. But the truth is bitcoin mining is not really a centralized concept, only people did it,  due to the greediness came in.