Sudden jump in Chinese users. - page 2.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: Bigpiggy01 on September 29, 2011, 08:51:41 PM

The only thing that's really missing atm is a decent miningpool hosted on China friendly servers either in Hong Kong, Japan or Korea or actually even here. At the moment the only pool that can be stably used from here is deepbit all the others have latency issues that seriously affect overall mining performance.

How hard is it to set up a mining pool? I'd be happy to do site/graphic/brand design for something like that. If we have a programmer and a Chinese speaker/writer then we'd be good to go.

Bitcoin_Silver_Supply

sr. member

Activity: 258

Merit: 250

Quote from: evoorhees on September 29, 2011, 02:32:34 PM

Bigpiggy or others...

In China, what is the current best resource for a Chinese noob to Bitcoin? Are there Chinese Bitcoin pages? Is there one well-designed, informative portal for them?

I REALLY want the Chinese to pick up on this - the ability for them to work around capital controls would be in high demand I'd imagine.

It would also be great PR to have the Chinese gov crack down on bitcoin before the US/EU does. Whenever the Chinese gov cracks down the headlines speak of oppressive behaviour, when the US/EU does they speak of "protecting the people."

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Bigpiggy01 on September 29, 2011, 08:51:41 PM

The only thing that's really missing atm is a decent miningpool hosted on China friendly servers either in Hong Kong, Japan or Korea or actually even here. At the moment the only pool that can be stably used from here is deepbit all the others have latency issues that seriously affect overall mining performance.

What I don't quite get is why there still are latency issues to china, I haven't had any issues to Australia, Russia or Japan from Europe since like 5 years. Not that the distance makes this much difference. Could it be that the Chinese ISPs still take a somewhat "creative" approach on net-neutrality or is it really just gov't proxy B.S.?

Bigpiggy01

hero member

Activity: 1138

Merit: 523

There is a really popular QQ group that has everything. I personally don't use it as the security risks are just too great but a lot of people here seem comfortable with the set up.

Another option is taobao.com (Chinese ebay) that has quite a few sell listings for bitcoins and a ton of merchants that accept them (this you have to ask them about in their chat gizmo).

https://btcchina.com/ Has a fairly decent blog section on their exchange that more or less hammers out for a noob what's needed.

http://weibo.com/ Is supposed to be fairly lively as well.

There are other sites as well but they're a bit more fringe and I wouldn't trust them in anyway.

The only thing that's really missing atm is a decent miningpool hosted on China friendly servers either in Hong Kong, Japan or Korea or actually even here. At the moment the only pool that can be stably used from here is deepbit all the others have latency issues that seriously affect overall mining performance.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Bigpiggy or others...

In China, what is the current best resource for a Chinese noob to Bitcoin? Are there Chinese Bitcoin pages? Is there one well-designed, informative portal for them?

I REALLY want the Chinese to pick up on this - the ability for them to work around capital controls would be in high demand I'd imagine.

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Quote

If every person in China put a dollar/yuan into bitcoin => wishful thinking

Or, if games companies use bitcoin instead of their own currency for virtual goods etc, that would be cool.

Even more interesting would be if the "money crowd" here get interested they're good for absolutely insane amount of dough.

Frozenace

member

Activity: 81

Merit: 10

If every person in China put a dollar/yuan into bitcoin => wishful thinking

Or, if games companies use bitcoin instead of their own currency for virtual goods etc, that would be cool.

fivebells

sr. member

Activity: 462

Merit: 250

The Chinese stock market is just as much a crook's game as stock markets everywhere else, though. Not where you want to be putting the majority of your savings.

Frozenace

member

Activity: 81

Merit: 10

Some of my friends in China heavily invested their money in shares. That's an alternative to keeping money in cash as well.

Also, the People's Bank is highly likely going to raise interest rates again, or allow the Yuan to fluctuate more.

Save in China, spend in the UK.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

The Chinese people were allowed to start owning gold back when gold was about $400/ounce.

Now gold is close to $2000/ounce.

Bitcoin will be yet another commodity owned by the Chinese.

fivebells

sr. member

Activity: 462

Merit: 250

Average folks in the People's Republic of China have an even harder time preserving the value of their savings than Westerners. They really only have the People's Bank of China as a safe store for it, and they get an interest rate there which is less than inflation. So alternative stores of value would be of great interest to many of them.

http://www.nakedcapitalism.com/2011/08/chinese-banks-these-things-arent-banks.html

Cluster2k

legendary

Activity: 1692

Merit: 1018

The Chinese love to gamble. In casinos, on the share market. Bitcoin offers them a great chance to have a play. If more mainland Chinese are taking notice of bitcoin this could be great for the price. At least it will lead to some wild price swings.

Frozenace

member

Activity: 81

Merit: 10

This is good news. If more people start using BTC in China, then it will be a lot easier for me to transfer money from the UK to China.

Interest rates in China for 1 year fixed are 3.5% at the moment (for 2 year fixed it's 4.4%)

sukiho

hero member

Activity: 514

Merit: 500

yes, ukraine and canada I think

apetersson

hero member

Activity: 668

Merit: 501

going by the numbers, ukraine

i can only speculate - ukraine has the lowest power cost in the world. maybe a major mining operation?

sukiho

hero member

Activity: 514

Merit: 500

what country is the one level with germany? and the one level with the UK? my eyes cant figure it out.

iamzill

sr. member

Activity: 677

Merit: 250

This might explain some parts of it: https://bitcointalksearch.org/topic/recently-a-major-china-newspaper-reported-bitcoin-45996

ArsenShnurkov

legendary

Activity: 1386

Merit: 1000

Quote from: nibor on September 29, 2011, 01:57:04 AM

Anyone know why?

https://bitcointalksearch.org/topic/recently-a-major-china-newspaper-reported-bitcoin-45996
recently a major China newspaper reported bitcoin

nibor

sr. member

Activity: 438

Merit: 291

Number jumped on Tuesday.

Anyone know why?

See http://bitcoinstatus.rowit.co.uk

Topic: Sudden jump in Chinese users. - page 2. (Read 3839 times)