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Topic
Board Bitcoin Discussion
Re: Could the Chinese Govt take over the mining of BTC?
by
jamesashmore1964
on 14/06/2018, 11:32:07 UTC
This news is slowly coming out but over half the Bitcoin miners are Chinese entities!
what news?
miners are the same as they ever was. there was no secrecy about it ever.

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What would happen if the Chinese Govt took the mining over from the entities:
and do what with it?
China is not as chaotic as you think. the government can not just go kick down doors of houses and confiscate people's possessions. and what you see in China is a couple of big mining farms and the rest is mining pools where people from around the world including China connect to. the hashrate that pools show is not the same as the hashrate of a farm. farm is just a part of that pool. in order to take the mining power they have to also find each individual who is mining and take their mining equipment too!

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It is a scary possibility and i was made aware of it on a you tube channel that has 200,000 subscribers!
stop watching bullshit on youtube which is made by idiots.

The fact that the Chinese Govt could take it over is coming out bright ass!