Post
Topic
Board Press
Re: [2018-01-12] China’s Bitcoin Miners Begin Exodus amid Government Crackdown
by
hatshepsut93
on 13/01/2018, 09:35:34 UTC
I'm curious if this exodus will actually decrease mining centralization or not. There's a popular belief that somewhere between 70% and 80% of mining power concentrated in hands of just a few pool owners, and that Bitmain can leverage their monopolistic position influence the miners, so even if Chinese miners will scatter across the globe, they still might depend on Bitmain and pools. But if these centralization fears are overblown, this exodus might be a good thing, because we will be sure that a single government can't seize enough equipment to get majority of Bitcoin's hashpower, unless majority of Chinese miners will move to a single country.