3 ms·

The Chinese miners keep their nodes outside of China, actually. And I believe many of them have non-internet relays (think point to point wifi, satellite, etc.)

by Taek 10y ago

The Chinese miners keep their nodes outside of China, actually. And I believe many of them have non-internet relays (think point to point wifi, satellite, etc.) for communicating with their nodes if China shuts down the internet. Further, even without these protections there is enough hashrate outside of China that the blockchain would not grind to a halt, you'd still get blocks every 30 minutes or so. China shutting down miners has been a topic of heavy discussion for a while, and most I think are not concerned.

Animats 10y ago
No, they're not outside of China. Locating a Bitcoin farm in China allows paying for power, equipment, and staff in yuan, while generating revenue in dollars or euros, legally. Northeast China mine: [1] Another China mine: [2] Mine in Kangding: [3] BW Pool and Antpool, in Inner Mongolia: [4] OxBTC farm (possibly in Ordos): [5] [1] https://www.youtube.com/watch?v=K8kua5B5K3I https://www.youtube.com/watch?v=K8kua5B5K3I [2] https://www.youtube.com/watch?v=k3-7X80DXzY https://www.youtube.com/watch?v=k3-7X80DXzY [3] http://www.afr.com/technology/lisa-kangding-story-20160706-gpzx7e http://www.afr.com/technology/lisa-kangding-story-20160706-g... [4] https://bitcointalk.org/index.php?topic=969823.0 https://bitcointalk.org/index.php?topic=969823.0 [5] https://www.facebook.com/oxbitcoin/videos/921660704629104/ https://www.facebook.com/oxbitcoin/videos/921660704629104/
- Taek 10y ago
  The mining is in China but the nodes are outside of China. Then they have multiple means of talking to the nodes from the mining farms.
  - andirk 10y ago
    I think I get it. So 1) the computing power happens on hardware in China, but then 2) the message can, if need be, relay the message of, say, a new mined block to non-internet points that are able to escape The Great Firewall, then 3) outside of China it connects those messages to the internet. Is that right?
  - deleted 10y ago
    [deleted]

by Taek 10y ago

Animats 10y ago

No, they're not outside of China. Locating a Bitcoin farm in China allows paying for power, equipment, and staff in yuan, while generating revenue in dollars or euros, legally. Northeast China mine: [1] Another China mine: [2] Mine in Kangding: [3] BW Pool and Antpool, in Inner Mongolia: [4] OxBTC farm (possibly in Ordos): [5] [1] https://www.youtube.com/watch?v=K8kua5B5K3I https://www.youtube.com/watch?v=K8kua5B5K3I [2] https://www.youtube.com/watch?v=k3-7X80DXzY https://www.youtube.com/watch?v=k3-7X80DXzY [3] http://www.afr.com/technology/lisa-kangding-story-20160706-gpzx7e http://www.afr.com/technology/lisa-kangding-story-20160706-g... [4] https://bitcointalk.org/index.php?topic=969823.0 https://bitcointalk.org/index.php?topic=969823.0 [5] https://www.facebook.com/oxbitcoin/videos/921660704629104/ https://www.facebook.com/oxbitcoin/videos/921660704629104/

Taek 10y ago
The mining is in China but the nodes are outside of China. Then they have multiple means of talking to the nodes from the mining farms.
- andirk 10y ago
  I think I get it. So 1) the computing power happens on hardware in China, but then 2) the message can, if need be, relay the message of, say, a new mined block to non-internet points that are able to escape The Great Firewall, then 3) outside of China it connects those messages to the internet. Is that right?
- deleted 10y ago
  [deleted]