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Title: Chinese Mining Pools Propose Alternative 8 MB Block Size Post by: AaronCraig on June 17, 2015, 05:16:32 AM Five of China's biggest mining pools — AntPool, F2Pool, BTCChina, BW Mining, and Huobi —
have mutually agreed to a raise of the block size limit to 8 MB. (http://cointelegraph.com/news/114577/chinese-mining-pools-propose-alternative-8-mb-block-size?utm_source=google&utm_medium=cpc&utm_campaign=bitcointalk&utm_term=evg) They collectively rejected Bitcoin core developer Gavin Andresen's proposal to raise the limit from 1 MB to 20 MB, and instead presented a compromise. BTW, these pools jointly account for some 55% to 60% of all hashing power on the Bitcoin network. Title: Re: Chinese Mining Pools Propose Alternative 8 MB Block Size Post by: Kprawn on June 17, 2015, 06:01:30 AM Ok, So the Chinese complain they do not have enough bandwidth to compete on the free market, and the rest of the Bitcoin community, who has less hash power must listen to them, or they will shut down their Bitcoin farms?
Who's fault is it, that they have slower internet bandwidth? {Their own government are applying restrictions on them, and they do not invest in proper internet infrastructure} I agree with their suggestion, because I am not in favor of a fork, but not to make it easier for them to mine even more coins than what they are mining now. They already have the edge when it comes to the hash power... Why do we need to make it even easier for them? Title: Re: Chinese Mining Pools Propose Alternative 8 MB Block Size Post by: Amph on June 17, 2015, 06:17:50 AM there is already a discussion about this, repeating it will only start a mess
https://bitcointalk.org/index.php?topic=1091170.0 i think they changed(suddently) their mind because of checkpoint, it was explained on another video Title: Re: Chinese Mining Pools Propose Alternative 8 MB Block Size Post by: STAyre on June 17, 2015, 10:23:28 AM BTW, these pools jointly account for some 55% to 60% of all hashing power on the Bitcoin network. Whoa, that's a lot - I had no idea the Chinese are that big in Bitcoin. Title: Re: Chinese Mining Pools Propose Alternative 8 MB Block Size Post by: Standup4 on June 17, 2015, 02:37:27 PM BTW, these pools jointly account for some 55% to 60% of all hashing power on the Bitcoin network. Whoa, that's a lot - I had no idea the Chinese are that big in Bitcoin. 60% - you're kidding! I mean I knew they were big, but more than half of the whole thing, that's unbelievable. Title: Re: Chinese Mining Pools Propose Alternative 8 MB Block Size Post by: LiteCoinGuy on June 17, 2015, 03:06:57 PM they already said this 1-2 weeks ago.
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