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Author Topic: Sooooo China, isn't this shameful?  (Read 2226 times)
Kprawn
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August 05, 2015, 06:09:40 AM
 #41

So, China mines 80% of Bitcoins at the moment, right?
Or anyway, 80% of Bitcoins are sold to Yuan.

And they only have some 15 nodes? That's awful, really.

https://getaddr.bitnodes.io/

Cool site...  never seen that one.

Too bad it didn't put a percentage of the worlds population beside the list of countries.....  Might help to put things in a little better perspective.

One thing that surprised me was the Russian Federation....  Considering its hostile stance in the past towards BitCoin and all other currencies,  I figured it wouldn't be up there in numbers of nodes. Despite a hostile government towards BitCoin,  Russian's seem to be showing some stronger support of it.


Russia, it seems.... cannot make up their minds about Bitcoin. The one moment, they Ban it, then they warm up a little to it, then you hear it's banned again. It's a strange situation with them.

The world population charts can be found here --> http://www.worldometers.info/world-population/

I doubt if China would hoard mined Bitcoins... They still have overheads to cover and expansion costs money... and we know they are expanding like crazy.

I never use the Chinese exchanges to determine the price of Bitcoins... They manipulate it too much.  Angry

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Zyrio
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August 08, 2015, 04:40:26 PM
 #42

It shows 88 nodes atm. But anyways, these statistics are based on the IP of the node, and since China has many issues with internet censure,i
believe that most of the node operators are placing their nodes behind VPN, which ultimatively shows the node to be in different country.

There is no other logical explanation that i can think of in regards to such a low number of nodes there.

cheers

I agree. This ist most probably the problem. I'm not sure though that china is blocking bitcoin traffic really but it's not out of question.

I wonder if there is a way to get the real numbers then.
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