Re: Chinese miners rejecting transactions originating in the US
@franky1,
You want to call this article a racist , it admits Chinese have more than 51% mining.
https://cointelegraph.com/news/chinese-mining-pools-propose-alternative-8-mb-block-size
FYI:
I have personally watched the BTC hash rate over the past year and saw just 3 of the Chinese Mining Pools with over 70% a few times.
You want to call this article a racist , it admits Chinese have more than 51% mining.
https://cointelegraph.com/news/chinese-mining-pools-propose-alternative-8-mb-block-size
Quote
Five of China's biggest mining pools AntPool, F2Pool, BTCChina, BW Mining, and Huobi have mutually agreed to a raise of the block size limit to 8 MB.
In a statement sent to CoinTelegraph and posted today on the Bitcoin subreddit, they collectively rejected Bitcoin core developer Gavin Andresen's proposal to raise the limit from 1 MB to 20 MB, and instead presented a compromise.
The mining pools came to the agreement at the National Conference Center in Beijing last Thursday. As they jointly account for some 55% to 60% of all hashing power on the Bitcoin network, it may now be increasingly unlikely that a consensus among the global Bitcoin community can be found on a block size increase to 20 MB
In a statement sent to CoinTelegraph and posted today on the Bitcoin subreddit, they collectively rejected Bitcoin core developer Gavin Andresen's proposal to raise the limit from 1 MB to 20 MB, and instead presented a compromise.
The mining pools came to the agreement at the National Conference Center in Beijing last Thursday. As they jointly account for some 55% to 60% of all hashing power on the Bitcoin network, it may now be increasingly unlikely that a consensus among the global Bitcoin community can be found on a block size increase to 20 MB
FYI:
I have personally watched the BTC hash rate over the past year and saw just 3 of the Chinese Mining Pools with over 70% a few times.