According to Bloomberg news, a new analysis by TokenAnalyst found that five cryptocurrency mining entity companies (all located in China) control 49.9% of all computing power on the Bitcoin network, which is the most concentrated mining power in history. The five major mining entities (AntPool, BTC.com, BTC.top, F2 Pool, and ViaBTC) are all available through BitDeer, a computing power sharing platform that allows consumers to rent mining algorithms without purchasing or setting up crypto mining hardware force. BitDeer effectively acts as a connection organization between the five mining pools, each of which allows individual miners to extract resources and share Bitcoin as a reward. In recent years, most transactions have been controlled by a few exchanges. Network operations now seem to be highly centralized.