It must be China. There are so many bitcoin farms there, also you can find mining companies' base there because electricity cost and maintanance cost are low there.
I think this situation will not affect the network. Most of BTC farms are in China, but the owners aren't in China, so it won't affect the network. 51% attack is only happened when the hashrate are own by China companies.
Topic: Which country has the highest percentage of miners? - page 5. (Read 3316 times)
Chinese are most of them, to trade. in china there is not a lot of things you can do so far with bitcoin
it's difficult to say, but if you consider how much power the chinese mining farms have, then i would say china. they enjoy cheap power to feed their gigantic mining farms.
It is hard to say. There isn't a full logs of the country which miners are located in. The pools are merely based in China and people may be mining from other countries. KNCMiner also have a big farm in Sweden. From what I see, it is China having the most numbers of publicly revealed mining farms.
They could possibly route the pool via tor and it would be harder to block. To be honest, most miners have setup at least one backup pools and a portion of the miners aren't based in China. Possibility of losing the hashrate is still there however.
Can this affect the network in any way?
Most of the hashrate is in china. If china were to someone block the miners from connecting to the network, that could be disastrous since we would be losing over half of the hashrateI guess but even though China's pool may not be 100% China, it doesnt mean all China's miner point at a officially Chinese pool. Regardless, China probably have a similar amount of hashrate than all the northern countries combined.
And it doesn't make sense for Chinese's pool, nodes and network to try to cut off. They'd have to basically turn everything they have into an alt-internet and then... then could not do anything outside of it with their BTC. They would have the total network... on basically a home lan, not connected to the world = useless BTC.
I very much the pools and miners will all decide to collectively self destruct their BTC portion.
It is hard to say. There isn't a full logs of the country which miners are located in. The pools are merely based in China and people may be mining from other countries. KNCMiner also have a big farm in Sweden. From what I see, it is China having the most numbers of publicly revealed mining farms.
They could possibly route the pool via tor and it would be harder to block. To be honest, most miners have setup at least one backup pools and a portion of the miners aren't based in China. Possibility of losing the hashrate is still there however.
Can this affect the network in any way?
Most of the hashrate is in china. If china were to someone block the miners from connecting to the network, that could be disastrous since we would be losing over half of the hashrate
Can this affect the network in any way?
Most of the hashrate is in china. If china were to someone block the miners from connecting to the network, that could be disastrous since we would be losing over half of the hashrate Can this affect the network in any way?
China. Well it give more power to the Chinese. It cause centralization of the hashrate. If they get even more hash% they could easily mount a 51% attack. Which can succeed with lower chance with less than 51% however. But for now we're good.
You can get a good idea by looking at this graph;
https://blockchain.info/pools
Can this affect the network in any way?
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