Bitcoin On Air: 80% of BTC are mined in China, mining equipment is overwhelmingly made in China, and a relatively small number of mostly Chinese mining pools / miners are keeping up the blockchain. Are you worried about this centralization? If not, why not?

Sunday, 9 August 2020

80% of BTC are mined in China, mining equipment is overwhelmingly made in China, and a relatively small number of mostly Chinese mining pools / miners are keeping up the blockchain. Are you worried about this centralization? If not, why not?

Couple folks asked for my source. It’s from the book “Bubble or Revolution” by Mehta, Agasha, and Detroja which I’m reading now (and is pretty good) dated 2019. I know that’s harder to check than a link though.

Submitted August 09, 2020 at 08:53PM by SoundofCreekWater https://bit.ly/31ulURO

Bitcoin On Air

Sunday, 9 August 2020

80% of BTC are mined in China, mining equipment is overwhelmingly made in China, and a relatively small number of mostly Chinese mining pools / miners are keeping up the blockchain. Are you worried about this centralization? If not, why not?

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