Post
Topic
Board Bitcoin Discussion
Re: blockchain.info now shows CHINA mining 54% of BTC
by
dothebeats
on 06/03/2015, 15:03:18 UTC
this is pretty alarming

not really..

after all. for atleast a year, maybe even 3+ years america was dominating the mining..
Yeah, where were the alarm bells when virtually 100% of the hash power was in the US?
And a conspiracy among Chinese miners to launch a 51% attack is not logical as it would hurt their businesses as much as anyone.  

Correct. It would definitely backfire to them in case a 51% attack happened.

Not sure if being racist or not, but why are we alarmed when the Chinese gets their name on the headlines?