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The China mining percentage could change and is likely about to change: http://www.coindesk.com/bitfury-details-100-million-georgia-data-center/ http://www.coin

• dragontamer 11y ago
  Okay, so we need to trust three people, or whoever has the biggest datacenters. The US Financial System relies on more than just Bank of America, Chase, and JP Morgan btw. There's more decentralization in the status-quo than the three or four big-name BTC Miners.
  • reso 11y ago
    True but not much more than those. I bet you de facto "control" of the US banking system could be said to exist in fewer than 20 entities.
    • ethanbond 11y ago
      At least some portion of which are elected or appointed by elected officials.
      • ikeboy 11y ago
        The big mining pools are also chosen by individual miners, who can change at any time.
  • analognoise 11y ago
    This, which is amusing.