Actually China has the highest number of users and miners as well. Perceptible price fluctuation occurs and that happens in accordance to the active involving of users. For this reason we can see that most users misunderstand that bitcoin is controlled by China.
A better way to say this is that Chinese people control the most bitcoins, but have no additional authority over bitcoin. Think of it like gold. The united states controls more gold than any other country, but they can't control the gold someone in another country owns. 
Topic: Is CHINA CONTROLLING Bitcoin? - page 62. (Read 92645 times)
Actually China has the highest number of users and miners as well. Perceptible price fluctuation occurs and that happens in accordance to the active involving of users. For this reason we can see that most users misunderstand that bitcoin is controlled by China.
I don't think so, There people and there miners are very prominent features in bitcoin now but it's not like a government or anything, China is a good % of the world population and therefore find it very reasonable for it to have a big impact on bitcoin price and mining power.
they just have a large percentage of mining Bitcoin, that doesnt mean theyre centralizing bitcoin.
But if they work together, they can attack bitcoin.
you are right, chinese people mine the most of the bitcoins but that does not mean that they have the biggest control as they just sell the bitcoins But if they work together, they can attack bitcoin.
If you see, China has one of the highest number of users and miners, and this price fluctuation happen in accordance to the active involving of many of them. So, most users sometimes misunderstand saying that bitcoin is controlled by China itself.
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
i dont think china can control or rule bitcoin and no one can control bitcoin except for satoshi if yes china will ruin bitcoin and also im gonna tell you something guys bitcoin price will reach 700$ this week Do you think that China is controlling/ruling bitcoin yes or no?
China is not controlling Bitcoin they have a portion of the bitcoin under control but that is just like anyone else who owns bitcoin.
they just have a large percentage of mining Bitcoin, that doesnt mean theyre centralizing bitcoin.
But if they work together, they can attack bitcoin.
But if they work together, they can attack bitcoin.
Yea China is playing massive role in bitcoin world although it really doesn't mean that they are controlling bitcoin. As it is said that bitcoin had no centralised party to act upon. But china is playing huge role as a whole we can say they are controlling bitcoin indirectly uppity some extent.
The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows..
As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options
The reason why china has the most crypto mining company / farm because of its cheap cost. China offer cheaper manpower cost and at the same time cheaper materials. Which I think why most of the investors are investing in this country
I think China can't control bitcoin even though we know that most of bitcoin on hold by China, they can only menanipulasi price until we find a new investor who dared to buy as bitcoin from china market.
The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows..
As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options
The reason why china has the most crypto mining company / farm because of its cheap cost. China offer cheaper manpower cost and at the same time cheaper materials. Which I think why most of the investors are investing in this country
Electricity cost is not the only reason for them to mine in larger number out of the whole miners, interest is also an important thing to take part and control any field, the Chinese are more interested in mining so they are more in there, there are a lot of countries where electricity is provided with lowest price and in some places people create their own electricity by solar system and still they do not know how to mine.
China is maybe controlling bitcoin mining, but I don't think it controls bitcoin itself.
Yes, China has more than 51% hashrate, because some people use free power, they steal electricity, very sick miners.
Do you have proof that China is a country that controls mining in the bitcoin..? . If you do not have proof then thinking positive and remain calm, do not let it harm to yourself. Indeed China into a country that has the highest percentage compared to other countries, but that does not mean China can master or control it all
It is common sense, antpool, f2pool, btcc pool, haobtc pool are all Chinese pools, total is almost 50% of has power. https://blockchain.info/pools
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
For no "Fact" we can use our bitcoin by our own rule and i did'nt see it yet that China controlled the rule of bitcoin even we say that they are populated and more of them are using bitcoin, and even their on the list of the best developer and had some exchange website for still we create our own rule Do you think that China is controlling/ruling bitcoin yes or no?
there maybe some group controlling the price of bitcoin in an exchange for temporary only ,
it is happened because a large number of bitcoin holder manipulating the market , and the biggest bitcoin holder are chinese ,
but still it is not called "controlling bitcoin".
The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.
Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows..
As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options
The reason why china has the most crypto mining company / farm because of its cheap cost. China offer cheaper manpower cost and at the same time cheaper materials. Which I think why most of the investors are investing in this country
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
For no "Fact" we can use our bitcoin by our own rule and i did'nt see it yet that China controlled the rule of bitcoin even we say that they are populated and more of them are using bitcoin, and even their on the list of the best developer and had some exchange website for still we create our own rule Do you think that China is controlling/ruling bitcoin yes or no?
Alright. Given that we do not have enough facts to tell that China is really controlling it.
Whether it is China or not, so what? As long as we are satisfied with what bitcoin is currently giving us, we're fine. Right?
But if bitcoin suddenly disappears, maybe that's the time that we should react and do some research.
But as of now, even if we say that it is China, I don't think that they will do anything wrong to bitcoin because it also benefits them.
Whether it is China or not, so what? As long as we are satisfied with what bitcoin is currently giving us, we're fine. Right?
But if bitcoin suddenly disappears, maybe that's the time that we should react and do some research.
But as of now, even if we say that it is China, I don't think that they will do anything wrong to bitcoin because it also benefits them.
...
Hmm, I just read Dr. Stephen Leeb's piece saying that FOUR Chinese supercomputers transact some 70% of all BTC transactions, exact quote:
"According to The New York Times and other sources, about 70 percent of bitcoin trades go through just four Chinese computers."
http://kingworldnews.com/the-stunning-roadmap-to-the-coming-global-sdr-currency/
The article is typically breathless in KWN style, but it is interesting, the SDR is about to include the Chinese Yuan.
Also mentioned (along with a graph) are comments re China having more supercomputers (and the faster) than the USA.
Hmm, I just read Dr. Stephen Leeb's piece saying that FOUR Chinese supercomputers transact some 70% of all BTC transactions, exact quote:
"According to The New York Times and other sources, about 70 percent of bitcoin trades go through just four Chinese computers."
http://kingworldnews.com/the-stunning-roadmap-to-the-coming-global-sdr-currency/
The article is typically breathless in KWN style, but it is interesting, the SDR is about to include the Chinese Yuan.
Also mentioned (along with a graph) are comments re China having more supercomputers (and the faster) than the USA.
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
Do you think that China is controlling/ruling bitcoin yes or no?
Big no! maybe their just assuming only. But in reality it won't gonna be happen because Bitcoin is decentralized peer to peer currency, meaning none or any of the country goverment they cannot control bitcoin but they can adopt the system of bitcoin if they want to have a benefits of it.
China is maybe controlling bitcoin mining, but I don't think it controls bitcoin itself.
Yes, China has more than 51% hashrate, because some people use free power, they steal electricity, very sick miners.
Do you have proof that China is a country that controls mining in the bitcoin..? . If you do not have proof then thinking positive and remain calm, do not let it harm to yourself. Indeed China into a country that has the highest percentage compared to other countries, but that does not mean China can master or control it all
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