Chinese Mining Pools Propose Alternative 8 MB Block Size

[AaronCraig]

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. 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.

[Kprawn]

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? 

[Amph]

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

[STAyre]

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.

[Standup4]

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.

[LiteCoinGuy]

they already said this 1-2 weeks ago.