Is CHINA CONTROLLING Bitcoin? - page 63.

sbtctalk

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Quote from: chixka000 on August 27, 2016, 11:53:34 PM

Quote from: shinratensei_ on August 27, 2016, 09:28:33 PM

Quote from: 20kevin20 on August 27, 2016, 05:06:40 PM

Quote from: Carmen_Sandiego on August 27, 2016, 04:59:16 PM

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..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

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

Depending on regions, some areas of China is naturally cold. They could also build hydro powered dams and lots of off-records facilities. The country is huge. As long as you have proper connections and the things you do will not "rock the system" (affect the CCP power structure or cause social unrest or dissatisfaction ), you could do anything you want in China.

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Quote from: chixka000 on August 27, 2016, 11:53:34 PM

Quote from: shinratensei_ on August 27, 2016, 09:28:33 PM

Quote from: 20kevin20 on August 27, 2016, 05:06:40 PM

Quote from: Carmen_Sandiego on August 27, 2016, 04:59:16 PM

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..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

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

never heard about it to be honest, though china in my opinion surely has too much impact on the price and it is going to continue like that most probably

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Quote from: HardenAdidas on August 28, 2016, 07:53:10 AM

Quote from: ?? on ??

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. Angry

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

PacePay

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Quote from: chixka000 on August 27, 2016, 11:53:34 PM

Quote from: shinratensei_ on August 27, 2016, 09:28:33 PM

Quote from: 20kevin20 on August 27, 2016, 05:06:40 PM

Quote from: Carmen_Sandiego on August 27, 2016, 04:59:16 PM

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..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

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

But still we cannot say that China is controlling bitcoin, only the number of miners are more at there and it is not hard for any other country where they can provide cheap electricity, and in some laces I am seeing that people are going to start mining with solar panels then it will be more beneficial so that place will be then more advance in the sense of miners, so any of the nation can lead the mining of bitcoin, just be active in there.

HardenAdidas

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Quote from: ?? on ??

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. Angry

chixka000

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Quote from: BitcoinPanther on August 28, 2016, 01:24:15 AM

Quote from: chixka000 on August 27, 2016, 11:53:34 PM

Quote from: shinratensei_ on August 27, 2016, 09:28:33 PM

Quote from: 20kevin20 on August 27, 2016, 05:06:40 PM

Quote from: Carmen_Sandiego on August 27, 2016, 04:59:16 PM

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..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

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

Oh so that is really the main reason why most of the investors are confident doing business with chinese. I haven't know it until now that they have cheap electricity cost. Was china in the first or second world country?

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Quote from: chixka000 on August 27, 2016, 11:53:34 PM

Quote from: shinratensei_ on August 27, 2016, 09:28:33 PM

Quote from: 20kevin20 on August 27, 2016, 05:06:40 PM

Quote from: Carmen_Sandiego on August 27, 2016, 04:59:16 PM

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..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

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

chixka000

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Quote from: shinratensei_ on August 27, 2016, 09:28:33 PM

Quote from: 20kevin20 on August 27, 2016, 05:06:40 PM

Quote from: Carmen_Sandiego on August 27, 2016, 04:59:16 PM

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..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

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

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Quote from: 20kevin20 on August 27, 2016, 05:06:40 PM

Quote from: Carmen_Sandiego on August 27, 2016, 04:59:16 PM

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..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

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Simply because they can alter the difficulty by 25 to 35 percent anytime they want to do it.

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I think China is also a great influence on Bitcoin. But control is not the right time. Bitcoin uses a lot of places. I think so.

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Quote from: Leonard2016 on August 12, 2016, 01:03:01 AM

they can not be controlling bitcoin just by having big mining farms, there are bigger mining farms in other places of the world and having the largest population is also not a good argument about them and controlling bitcoin

you are right, well if all the chinese miners would be selling their bitcoins then most probably the price would fall so they kinda can control it

20kevin20

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Quote from: Carmen_Sandiego on August 27, 2016, 04:59:16 PM

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..

vero

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Quote from: Zaun on August 16, 2016, 08:36:16 AM

Quote from: JumperN on August 16, 2016, 07:58:30 AM

I don't think so anymore, There was time when China "as people rather than country" had a significant impact on the value of bitcoins, That decreased with the restrictions the government placed on BTC so it's not like that anymore.

China is controlling bitcoin big time. They got the miners, the pools and also the money.
The recent pump we saw was 100% from china, and they can decide what to do with bitcoin.

for now maybe china can influence the price of bitcoin but it's not forever when new investors come slowly will all change.

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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.

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Quote from: JumperN on August 16, 2016, 07:58:30 AM

I don't think so anymore, There was time when China "as people rather than country" had a significant impact on the value of bitcoins, That decreased with the restrictions the government placed on BTC so it's not like that anymore.

China is controlling bitcoin big time. They got the miners, the pools and also the money.
The recent pump we saw was 100% from china, and they can decide what to do with bitcoin.

JumperN

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I don't think so anymore, There was time when China "as people rather than country" had a significant impact on the value of bitcoins, That decreased with the restrictions the government placed on BTC so it's not like that anymore.

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Quote from: bostiog1 on August 14, 2016, 11:48:22 AM

Quote from: somacoin on May 08, 2016, 05:06:03 PM

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?

China can be the controller of bitcoin because they are the biggest country from the world so it means that lot of peoples from china use bitcoins. For me its not important who control bitcoin if his price is still going up

The Chinese are mainly miners. They mine the bitcoin but they also have to pay the cost of mining. Most of the mined coins flow to the west.

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Quote from: nor9850 on August 12, 2016, 12:47:31 AM

Quote from: emmarose on August 12, 2016, 12:38:01 AM

How can China control btc? USA is no.1 country, I think USA can control btc, because they have more fund than China.

China has:

A) 10 times as many people
B) 10 times as many mining farms
C) Mining farms that are 10 times bigger

That's how, its not the chinese Govt Vs The American Govt is just a numbers game , the more people you have working together the more control you have over Bitcoin

Exactly, usa may have the biggest fish in bitcoin industry but china also has the largest number in this community so those biggest fish in the usa has no choice but to let the chinese do the work for them.

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Quote from: Hide_ip112 on August 14, 2016, 11:53:36 AM

Quote from: bostiog1 on August 14, 2016, 11:48:22 AM

Quote from: somacoin on May 08, 2016, 05:06:03 PM

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?

China can be the controller of bitcoin because they are the biggest country from the world so it means that lot of peoples from china use bitcoins. For me its not important who control bitcoin if his price is still going up

Yeah that's true, but I'm not sure that china is a country that is doing the game bitcoin. Because I see no bitcoin have great influence in the growth of the bitcoin in China. They are just one of the countries that have the most users of the bitcoin for now. and if this is the case then the growth of the bitcoin will never happen and bitcoin will increasingly abandoned

I dont think that if the most of the mining are done in china it dont mean that only china is the miner it can be that outsiders from china can also setup the miner in china and playing the bitcoin game,

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