Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
TPTB_need_war
on 22/04/2016, 00:14:33 UTC
...

Thanks for the support, but the GFW is a great lie. The ASICS only need a hash of the transactions, not all the transactions. The mining pool server can be located outside of China.

That will show you that the ASIC miners in China are greatlousy liars.

I am not so sure. They still have to get the hash of the transactions across the GFWC and the results then back to the server. The issue here is latency not bandwidth.

If mining is centralized in China doesn't that actually transfer the latency issue to non-Chinese miners? Resulting in possible more centralization. I recall reading such a thing.

Right. It is the minority that suffers from delayed block announcements, i.e. this is selfish mining.

Unless Chinese miners have a high latency between themselves within China?

Also I read the GFW was bandwidth limited. It is also latency limited and by how much? The Bitcoin block period is quite large so 100ms increase is probably fairly insignificant in the Poisson distribution.