Quote from: road to morocco on April 27, 2016, 05:54:33 PM

Quote from: LMGTFY on April 27, 2016, 05:09:38 PM

Quote from: road to morocco on April 27, 2016, 03:21:47 PM

Quote from: LMGTFY on April 27, 2016, 12:52:41 PM

Quote from: ~Bitcoin~ on April 27, 2016, 12:47:22 PM

How you get that figure of 70% of total miners are from china? is there any source and any source of their statement of them not accpting huge block? THis is just a pointless hype in my point of view.

70%? I assume it's based on pools - https://blockchain.info/pools. It's like, back in the day, saying that every (non-solo) miner comes from the Czech Republic because Slush's pool is the only pool. Except no one thought that, because obviously it would have been nonsense.

Are you saying it's ridiculous to assume that most of the mining (both pools and mining farms) is done in China?

No. I'm saying it's ridiculous to say that 70% of miners are Chinese because 70% of mining currently occurs in Chinese pools. At one point 100% of pools were Czech (all one of them - Slush's pool) - 100% of miners were not Czech! (Well, to be fair it's possible that "100% - me" were Czech. But frankly I doubt it).

So you're saying is "It is unreasonable to infer that most miners are Chinese from the fact that most of the mining pools are located in China. Though all available data point to this conclusion,

and all a priori reasoning, from lower electrical costs to ASIC manufacture/labor/shipping etc., the evidence is purely circumstantial"?

Quote

Miners have a choice which pool to use - or even if they mine in a pool, or go solo (though this choice really isn't much of a choice anymore, obviously, but still).

Miners do have a choice. I'm gonna make another leap of faith and say that the choice is, to a large degree, primarily guided by short-term profits, often at odds with the choice hodlers would have liked them to make, and possibly ill-informed. That's why all the important decisions regarding future Bitcoin development are made like this:

Note the conspicuous absence of individual miners. Don't ask for rigorous proof, just tossin' it out there

Quote from: dothebeats on April 27, 2016, 05:22:25 PM

... other miners from other parts of the world could just connect to those pools and work under it to get some stable or increased profit (?).

They could, and could possibly overcome disadvantages like x2 - x20 electrical costs, shipping costs, real estate costs, economics of scale, etc., etc., but what does it matter when it's the pool operators, not the miners, who set the rules? The only thing they can do is switch pools, but ...they clearly don't.

No. I'm saying "it's ridiculous to say that 70% of miners are Chinese because 70% of mining currently occurs in Chinese pools." Again. Do pay attention.

I'm not sure why you believe miners don't change pools. I tend to look at this every few days and the wedges are rarely static. Even assuming you were right, and miners haven't been switching pools recently - it's a bit of a stretch to assume that that will remain the case.

I'm also not sure why you think I should be surprised that miners' interests may not align with hodlers' interests. Aside from it being kinda obvious, I accepted that miners were the decision makers when I first read the whitepaper and in the years since nothing has changed.

I'm also also not sure why you think a group of pool operators and devs meeting should worry me. They were deciding a development roadmap, one that will be presented to miners. Who will then be free to accept or reject. Which rather sounds like... exactly how it's always been.