Quote from: mandar_sn on July 10, 2016, 08:30:03 PM

Guys, first of all i am newbie so please don't consider i am against any of these pools. I was using F2pool for around 8-9months last year.

There is a question thats bothering me last few days, its about the 51% attack.. Main 3-4 pools are all from China F2pool, Antminer, BW and BTCC. From some previous discussions on the forum Antminer and F2pool has some sort of relationship and most likely others may have too.

Anyways China is total authoritarian state and if they want they can take control of these pools without any issue. Isn't this an issue that 60-70% of pooled mining is from china? they have been trying to stop chinese money leave country anyways. Let alone the state, If just the 2 pools decide to combine the mining power they could cause an attack. Should the pools be more spread out regional wise?

Hey, do not set to newbie because you made an excellent point!

It turns out that 80% of the Bitcoin miners are concentrated in the hands of very few people. This is a concentration of Bitcoin manufacturing process, which is not healthy for crypto. It goes completely against the decentralized process that the philosophy of Bitcoin and Blockchain preaches! Moreover, all this is in Chinese territory, a country that still has many traces of communism.