Continued mining decentralization:
Sure you're right.
Nonetheless, from the same blog post, a more worrisome observation:
Quote from: organofcorti http://organofcorti.blogspot.co.uk/2015/03/march-1st-2015-block-maker-statistics.html
Chinese pools control more than half the network
To be exact, pools identifying as Chinese contributed 52.8% of the networks blocks, with a 95% confidence interval of
approximately +/- 8.5%. The top four pools are all Chinese. This shouldn't be surprising, since most (all?) bitcoin mining
chips are fabricated there and much of the development appears to be Chinese as well.
My concern with this development is the same as if that much of the network was concentrated in any nation - what happens
to the network if the government decides to take an interest? Some pools have some of their equipment outside China, but
even so that still leave a large proportion of the network that could be controlled by one government.
I'm sure the Chinese pools are aware of this and have strategies in place to mitigate this risk, and I'd encourage them to
start moving at least some infrastructure to other countries.
To be exact, pools identifying as Chinese contributed 52.8% of the networks blocks, with a 95% confidence interval of
approximately +/- 8.5%. The top four pools are all Chinese. This shouldn't be surprising, since most (all?) bitcoin mining
chips are fabricated there and much of the development appears to be Chinese as well.
My concern with this development is the same as if that much of the network was concentrated in any nation - what happens
to the network if the government decides to take an interest? Some pools have some of their equipment outside China, but
even so that still leave a large proportion of the network that could be controlled by one government.
I'm sure the Chinese pools are aware of this and have strategies in place to mitigate this risk, and I'd encourage them to
start moving at least some infrastructure to other countries.
emphasis' mine.
