Topic: [2016-02-26] Why the Great Firewall of China Is Causing Serious Issues..... (Read 259 times)

Kprawn

legendary

Activity: 1904

Merit: 1074

And this is why China will dominate the mining scene and dictate what will happen with Bitcoin in the future. They have the technical edge over other countries and they use the firewall to their

advantage. They will also not accept any changes to the protocol to rectify this situation, if a Bip is submitted to address this issue. The miners on the outside will forever be at the disadvantage here.

A few months ago, these miners complained about the latency, but they have the advantage with the firewall now.. Roll Eyes

secone

hero member

Activity: 700

Merit: 501

Why the Great Firewall of China Is Causing Serious Issues for Bitcoin Miners
What's wrong with increasing the block size limit ? This is the question that a portion of the Bitcoin community has been asking almost nonstop since the controversy around this possible alteration to the protocol went into hyperdrive last year.

In a recent appearance at Bitcoin Meetup Switzerland , Bitcoin Core Contributor Jonas Schnelli covered at least one possible issue with raising the block size limit too quickly: the effect larger blocks have on wasted resources for miners.

It should be noted that Schnelli has decided not to take an official, public stance on the block size debate.

Read more: http://www.nasdaq.com/article/why-the-great-firewall-of-china-is-causing-serious-issues-for-bitcoin-miners-cm585604#ixzz41L1EI9y9

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