Post
Topic
Board Bitcoin Discussion
Re: Question about decentralization
by
razorseal
on 21/05/2019, 16:16:36 UTC
Thanks guys, I appreciate the responses. I understand the 81% doesn't mean that 81% of the ASICs are in China. it's just that the pools are out of china that they connect to. I could be connected to a chinese pool as well from USA. I mentioned china because of this -

https://www.buybitcoinworldwide.com/mining/pools/

and https://www.buybitcoinworldwide.com/mining/china/

Pool Concentration in China
Before we get into the best mining pools to join, it’s important to note that most mining pools are in China. Many only have Chinese websites and support. Mining centralization in China is one of Bitcoin’s biggest issues at the moment.

There are about 20 major mining pools. Broken down by the percent of hash power controlled by a pool, and the location of that pool’s company, we estimate that Chinese pools control ~81% of the network hash rate:


I guess I'm looking at the survivability. if all of a sudden something happened where majority of these ASICS got shut down (within 2-3 days, 80% of ASICs are taken offline) for whatever reason. What is going to happen? will the 20% of the ASICs left from rest of the world, going to handle the hashrate?

I always like contributing to a project. I'm not a developer or anything so there is no way for me to contribute to btc besides talk about it. I guess I wonder if one day, something happened... could ones like me who can't afford an antminer S17 get an opportunity to start hashing to keep btc alive?