Topic: But if China gov say mining is illegal, we are fucked. Haipo Yang ViaBTC CEO - page 7. (Read 4145 times)
September 18, 2017, 12:14:14 AM
Based on my observation I think this will only affect in the country such as china whom are very well know in all over the world as one the biggest business country in the world, they are banning cause they see it as threat in the businessman market industries.
September 17, 2017, 11:48:31 PM
Most nodes are in Germany and USA. But nodes do not affect prices as Miners or trade volume.
September 17, 2017, 11:38:00 PM
Bitcoin is not only the house to the bitcoin mining or nodes, Russian alreayd run the bitcoin nodes and they are distributing the subsidy to the miners that already included in their criteria.
As you can see the nodes of bitcoin already spreaded around the world and i wouldn't believe if we will be fucked by the way.
As you can see the nodes of bitcoin already spreaded around the world and i wouldn't believe if we will be fucked by the way.
September 17, 2017, 10:52:26 PM
Won't happen
September 17, 2017, 10:49:52 PM
'We' as china.. not 'we' as #bitcoin
'We' as miners.. not 'we' as #bitcoin
Just fixed it for you.
They have to find another place to go. Maybe Russia could grant a discount on electricity costs for mining btc? They have plenty of gas there.
September 17, 2017, 10:39:10 PM
'We' as china.. not 'we' as #bitcoin
Yes, it might sounds pretty nice and easy, but once china do it, then bitcoin will feel it since biggest miners are from china, then that will hit a huge effect to bitcoin price and some altcoins to dump a huge dump IMO
September 17, 2017, 10:31:28 PM
Anyone know the proportion of mining through countries?
I dont know how accurate this data is but its posted back in july 2017
https://www.buybitcoinworldwide.com/mining/pools/
Hope this will help you in something
Pool Concentration in China
Before we get into the best mining pools to join, it’s important to note that most mining pools are in China. Many only have Chinese websites and support. Mining centralization in China is one of Bitcoin’s biggest issues at the moment.
There are about 20 major mining pools. Broken down by the percent of hash power controlled by a pool, and the location of that pool’s company, we estimate that Chinese pools control ~81% of the network hash rate
China is home to many of the top Bitcoin mining companies:
F2Pool, AntPool, BTCC, and BW.
It’s estimated that these mining pools own somewhere around 60% of Bitcoins hash power, meaning they mine about 60% of all new bitcoins.
September 17, 2017, 09:26:53 PM
I do not know how much it is in percent, but if Chinda mining is banned, this is incomplete by other countries, and I think it will not be a problem for us, but I am very sorry for Haipo Yang 
If China stopped mining btc this would be s good for other countries to mine cos most competition comes from China other countries can mine btc easier.
September 17, 2017, 09:25:02 PM
I do not know how much it is in percent, but if Chinda mining is banned, this is incomplete by other countries, and I think it will not be a problem for us, but I am very sorry for Haipo Yang
September 17, 2017, 09:22:33 PM
If he said so , let's hope that their government will not ban mining activity since it will make bad impact on bitcoin value.
Was so afraid if more people doing panic sell once again and some group try to take a benefit for this situation
Was so afraid if more people doing panic sell once again and some group try to take a benefit for this situation
September 17, 2017, 09:21:20 PM
Anyone know the proportion of mining through countries?
I dont know how accurate this data is but its posted back in july 2017
https://www.buybitcoinworldwide.com/mining/pools/
Hope this will help you in something
September 17, 2017, 09:11:49 PM
Anyone know the proportion of mining through countries?
September 17, 2017, 08:59:51 PM
'We' as china.. not 'we' as #bitcoin
September 17, 2017, 08:33:10 PM
It would be extremely dumb for them to do it. consider they are creating tremendous value out of both the mining and the sales / development of mining equipment.
You probably don't know how communism (aka statism) works.
They do such things for displays of power. They rule through terror.
September 17, 2017, 08:20:22 PM
It would be extremely dumb for them to do it. consider they are creating tremendous value out of both the mining and the sales / development of mining equipment.
September 17, 2017, 08:16:43 PM
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