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>> users around the world would abandon it and point their miners at more trustworthy pools. This is not as easy as you try to paint it, because mining require
by mamon 8y ago
>> users around the world would abandon it and point their miners at more trustworthy pools.
This is not as easy as you try to paint it, because mining requires hardware, and you can't just move it around the world at will - most of it is physically located in China, and that's not gonna change.
- mrb 8y agoAnother misconception. Changing mining pool is done by changing a single parameter in the mining software. It is as easy as it sounds. There is no need to "move hardware". It is not true that "most" mining hardware is located in China. There is a good portion of it over there for sure, but because of the secrecy around most miners, we don't know how much exactly. It's certainly not ">90%". Every single article that makes similar claims mistakenly assumes that for example it the AntPool Chinese pool represents 20% of the hashrate, then it means this hardware is located in China. This is patently false. AntPool is one of the most popular pools for various reasons (reliability, availability, flexibility, branding), so they are used by many users worldwide. They even have stratum endpoints in the US for their North American users. Only a fraction of the AntPool hashrate comes from hardware physically located in China.
- antidesitter 8y agoDo you have statistics for Bitcoin mining hardware by country?