Quote from: franky1 on July 10, 2016, 08:42:25 PM

china has over 1 billion people..

assuming that they are all in it together is 4x worse then saying that all americans are connected like a hive-mind all colluding together

lets say there were 3 pools in america.. would you consider them automatically colluding simply because of the country.
or would you say that they are separated by different states, counties, cities, companies and that being in the US is meaningless..

the main reason everyone is hating on china, is for the same reason as why trump talks about china so much.. indirect racism.

the real funny part is that its mainly the americans that are screaming blue murder about china. yet they never screamed about america a coupl years back when the majority of hash power was in america..

ok, i was afraid this might happen... please lets start to pit one against others. I only asked this question because there is a relationship between 2 of the biggest pools and they have 51% of mining share.

Quote from: topiOleg on July 10, 2016, 09:01:36 PM

Quote from: lucsky on July 10, 2016, 08:41:43 PM

It turns out that 80% of the Bitcoin miners are concentrated in the hands of very few people.

A lot of people are connected to the few pools. Maybe around hundred thousand individual miners. Should the 51% attack really happen, it would hit all the Bitcoin news and discussion places, and the individual miners would choose different pool. I dont worry this to happen though, its sure way to ruin the pool reputation and steady income.

Wouldn't that be too late? Also how many of us actually check the IP address of the pool mining server. Dont most of us use DNS name? If they point to same IP, how many days will pass before anyone realising that one group has majority stake.