Post
Topic
Board Bitcoin Discussion
Re: If the Chinese government takes over bitcoin mines
by
kingcolex
on 21/09/2017, 19:38:30 UTC
So lets say that the Chinese government declares mining illegal & takes over the mines (likely to happen). Seeing that the vast majority of mining takes place in China, couldn't the government hypothetically reach over 51% of the bitcoin hashing power and basically centralize global bitcoin?
What cryptos, if any, are immune to this "51% attack" ? Is it even an issue? I'm not that well informed on the details of this subject so excuse my ignorance.


Essentially a change of algorithm or some sort of check of IP to block the miners in china (if possible).