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As someone who mined bitcoin at home before, stories like this is the reason why I don't advocate for bitcoin. This is a slap in the face of a decentralized sys
by vinhboy 9y ago
As someone who mined bitcoin at home before, stories like this is the reason why I don't advocate for bitcoin. This is a slap in the face of a decentralized system.
When I stopped mining a few years ago, almost half of bitcoin's mining power was coming out of China.
I don't know how hardcore bitcoiners live with this contradiction to their ideals.
- lukifer 9y agoThis is why I think Proof of Stake is destined to outcompete Proof of Work. The costs are drastically lower in both electricity and hardware; and in practice, PoW is basically PoS with extra steps.
- scotty79 9y agoAlmost half of thr stuff you buy comes from China or somesuch. Why butcoin should be any different?