Quote from: mk4 on Today at 02:48:46 AM

Mining pools != Miners.
Miners worldwide that use "Chinese mining pools" can simply opt out if they wanted to; it's not like they're forced to used certain mining pools.

I don't know why people are so easy to jump to this thing, if a pool is located in China all the hash is also there, it's either complete lack of knowledge or this other thing I've seen a lot, attributing a thing to a country just because the guy that runs it is from there.
I've seen lots of titles about a country "endorsing" bitcoin when in reality it was just a company located there who did it.

Quote from: Agios on Today at 02:30:20 AM

The fact is that currently, the Bitcoin mining hash rate globally is controlled by miners from China which reaches 2/3 or around 66.66 percent.

Quote from: juvo_3 on Today at 05:01:34 AM

According to this map, approx 71% of hashing is conducted in china.

Having two different numbers in the first few posts from "credible" sources shows just how much you should trust these sources.

Quote from: fiulpro on Today at 05:31:56 AM

The only thing we should be worried about is the fact that the government can seize the Mining farms and with the help of their unfair power and can shut down the percentage located in China and therefore make the Bitcoins vulnerable.
BUT
If something like this happens , people will be informed on time and you can just stop your transactions entirely , rather you can make a transaction in ATH and convert it into BTC this way there won't be any prolems regarding the unsecured transactions.

Informed in time...by something happening in China.Yeah, just like we were informed about the virus!
It doesn't work that way. If indeed somehow the Chinese government would secure 70% of the hashrate the first thing they would do to cripple the network would be mining empty blocks and spamming the rest with the coins they get in reward. Once the chain gets clogged people will panic, they will pay the outrageous fee just to get their coins on an exchange, prices will drop, honest miners, will start quitting as, unlike the government, they play with their own money not with someone's else's. No, look at the drop in March, and that was no attack, multiply it by 10.

Quote from: fiulpro on Today at 05:31:56 AM

Plus even if this happens it might take a while but the remaining miners would for sure see this as an opportunity to dominate the market and increase their workload, within months it would be stronger than ever,

If the coin drops to 1k or worse after this no miner will buy new gear, especially such an open declaration of war from a movement that has proved to be willing to do anything to damage it. Besides, where would they get the new mining gear? Do you think that after all that China would allow exports and sale of mining gear? Lol.

No, such an open attack by a government at this stage would be almost catastrophic, lucky, they have nothing to gain from it, just a lot to lose from and as time passes their so called dominance is starting to take a hit.
Just a few more years and this whole thing will be a scary story for children only.