In what way will Bitcoin become centralized simply because a lot of miners are dependent on China's cheap electricity? China does not control the miners nor the mining pools nor the manufacturers of mining rigs.
The numbers are already saying that a great majority of new Bitcoins are mined in China. However, there never was a time when Bitcoin's decentralization went even a bit shaky. If it didn't happen when the concentration was very high, there's no reason to fear now when it is continuously going lower.
Topic: China Controls Bitcoin's Future - page 4. (Read 599 times)
Since most of Bitcoin is mined in China and depends on China's energy, do you think it is possible that Bitcoin will become centralized, with China becoming the authority?
For much of Bitcoin's history, most of the mining was in the U.S. Did anyone ever claim that the U.S. controls Bitcoin's future?
Since most of Bitcoin is mined in China and depends on China's energy, do you think it is possible that Bitcoin will become centralized, with China becoming the authority?
Yes, majority are still being mined in China but it doesn't mean that they control Bitcoin's future. There are countries that are willing to shoulder the mining industry if their government wishes to shutdown all mining facility.
If we are going to your argument, they are already authority right? but Bitcoin remains centralized, and besides those mining farms situated in China have plan B since their is a rumor that their government has looming plans to shut it down completely. So we will not be affected long term.
Since most of Bitcoin is mined in China
In 2019, 75% of bitcoin are mined through miners based in China, this reduced to 65% in 2020. In 2021, I expect more reduction as more countries are getting to favour bitcoin mining. Since most of bitcoin is mined in China and depends on China's energy
Bitcoin mining does not depend on China, anyone can mine bitcoin. It is the other way around, Chinese bitcoin miners depends on bitcoin.do you think it is possible that Bitcoin will become centralized, with China becoming the authority?
Bitcoin is built with open source codes, also decentralized in design, not and can not be controlled by China. 
Since most of Bitcoin is mined in China and depends on China's energy, do you think it is possible that Bitcoin will become centralized, with China becoming the authority?
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