blockchain.info now shows CHINA mining 54% of BTC - page 5.

Addition

full member

Activity: 238

Merit: 100

Quote from: Lauda on March 04, 2015, 03:28:20 PM

Well China will reach superiority soon anyways, what did you expect?
You can't blame them, blame us. The same thing happened when ghash.io reached 51%. We should be setting up miners everywhere and properly distribute the hashrate even if it means that our profits will be slightly reduced.

Thoughts on the N Carolina acquisition from Charles Allen & BTCShop shareholders?

https://www.youtube.com/watch?feature=player_detailpage&v=0ocO9okqccU#t=227

Other mega mines will surely proliferate/correlate with electrically efficient geographic locations as BTC transaction volume increases (3-15Yrs)

randy8777

legendary

Activity: 896

Merit: 1000

china was going to leave other parts of the world behind from the moment they entered bitcoin.
the ban in china didn't and won't do anything about that. we just have to accept it.
chances are there that it might reach a stunning 75% of the network.

najzenmajsen

hero member

Activity: 700

Merit: 500

i cant see how this can be new to you , prices are cheaper down in china , and not as many belivers in us i guess (most of btc's volume is from china aswell but you guys prolly already know that )
why is this alarming to you guys is my question?

vm_mpn

hero member

Activity: 605

Merit: 500

Kind of curious if Chinese will manage to keep majority of coins they mine, or all the product ends up shipped overseas figuratively speaking...

pedrog

legendary

Activity: 2786

Merit: 1031

They also have the biggest trade volume.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: CrackedLogic on March 04, 2015, 03:30:57 PM

I thought bitcoin was banned in China? World 51% Attack Sad

Bitcoin was banned 'officially' in China as it was in Russia. That means that it is not banned at all. People have still free access to it as you can see. You can't ban every pc or other device with internet connection after all.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: franky1 on March 04, 2015, 04:57:38 PM

Quote from: VOR on March 04, 2015, 03:08:14 PM

this is pretty alarming

not really..

after all. for atleast a year, maybe even 3+ years america was dominating the mining..

If America was manufacturing the miners and not sending them to sellers it wouldn't have changed but labor is so readily and cheap there who else do we expect to take over?

Snipe85

sr. member

Activity: 756

Merit: 250

Infleum

Quote from: manfred on March 04, 2015, 04:59:15 PM

A you surprised? Just check the electricity price and labour cost plus miners are manufactured there too.....

The electricity prices are low, but comparable to some other countries like Canada or India. Cheap labour might be the deciding factor here. It's nice to see they weren't deterred by tanking BTC prices in the recent months and kept their mines running.

mlferro

sr. member

Activity: 252

Merit: 250

Quote from: CrackedLogic on March 04, 2015, 03:30:57 PM

I thought bitcoin was banned in China? World 51% Attack Sad

I also thought this. But apparently not this one.

manfred

legendary

Activity: 966

Merit: 1001

Energy is Wealth

A you surprised? Just check the electricity price and labour cost plus miners are manufactured there too.....

franky1

legendary

Activity: 4214

Merit: 4458

Quote from: VOR on March 04, 2015, 03:08:14 PM

this is pretty alarming

not really..

after all. for atleast a year, maybe even 3+ years america was dominating the mining..

kingcolex

sr. member

Activity: 254

Merit: 1258

Well set up a huge data center in Alaska and change things ! Wink

CrackedLogic

legendary

Activity: 1050

Merit: 1000

I thought bitcoin was banned in China? World 51% Attack Sad

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Well China will reach superiority soon anyways, what did you expect?
You can't blame them, blame us. The same thing happened when ghash.io reached 51%. We should be setting up miners everywhere and properly distribute the hashrate even if it means that our profits will be slightly reduced.

VOR

newbie

Activity: 21

Merit: 0

this is pretty alarming

OROBTC

legendary

Activity: 2912

Merit: 1852

...

This is the first time I have seen blockchain.info showing separate stats for BW.COM at their mining stats page.

https://blockchain.info/pools

The top four miners (percentage of recent block wins / hashing power):

AntPool: 20%
F2Pool: 16%
BW.COM: 11%
BTCChina Pool: 7%

Total China: 54%

(Sort of reminds when GHash.IO briefly took 51% of mining)

Topic: blockchain.info now shows CHINA mining 54% of BTC - page 5. (Read 5897 times)