Post
Topic
Board Economics
Re: Does China Control Bitcoin?
by
DigitalCyberius
on 15/07/2019, 07:20:27 UTC
Chinese mining pools still control at least 70% of the Bitcoin hashrate.  They still have the biggest Bitcoin pools over the last couple of years, so we can say that they are in control. However, I don't think that they are stupid enough to destroy Bitcoin. Even though there are reports that they government is cracking down or have thoughts of shutting down Bitcoin mining farms because it is hazardous to their environment. I doubt that they destroying it has cross their mind, so this is just probably a hearsay.


Are you sure they control 70%? Wow. Good points here. If the government did shut down Chinese Bitcoin farms, what do you think would be the aftermath for BTC?