Is CHINA CONTROLLING Bitcoin?

[HardenAdidas]

China is maybe controlling bitcoin mining, but I don't think it controls bitcoin itself.

Yes, China has more than 51% hashrate, because some people use free power, they steal electricity, very sick miners.   

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[PacePay]

The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.

Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options

But still we cannot say that China is controlling bitcoin, only the number of miners are more at there and it is not hard for any other country where they can provide cheap electricity, and in some laces I am seeing that people are going to start mining with solar panels then it will be more beneficial so that place will be then more advance in the sense of miners, so any of the nation can lead the mining of bitcoin, just be active in there.

[Anon_7716]

China is maybe controlling bitcoin mining, but I don't think it controls bitcoin itself.

Yes, China has more than 51% hashrate, because some people use free power, they steal electricity, very sick miners.   

Do you have proof that China is a country that controls mining in the bitcoin..? . If you do not have proof then thinking positive and remain calm, do not let it harm to yourself. Indeed China into a country that has the highest percentage compared to other countries, but that does not mean China can master or control it all

[universe_]

The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.

Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options

never heard about it to be honest, though china in my opinion surely has too much impact on the price and it is going to continue like that most probably

[sbtctalk]

The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.

Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options

Depending on regions, some areas of China is naturally cold. They could also build hydro powered dams and lots of off-records facilities. The country is huge. As long as you have proper connections and the things you do will not "rock the system" (affect the CCP power structure or cause social unrest or dissatisfaction ), you could do anything you want in China.

[richkellj]

China is maybe controlling bitcoin mining, but I don't think it controls bitcoin itself.

Yes, China has more than 51% hashrate, because some people use free power, they steal electricity, very sick miners.   

Do you have proof that China is a country that controls mining in the bitcoin..? . If you do not have proof then thinking positive and remain calm, do not let it harm to yourself. Indeed China into a country that has the highest percentage compared to other countries, but that does not mean China can master or control it all

It's already known that China controls the highest percentage of mining, although I'm not sure about 51% since if that's the case, then it's already centralized since they would essentially be the center of bitcoin's value since they control the majority of it. That would be scary though.

[bravehearth0319]

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

Big no! maybe their just assuming only. But in reality it won't gonna be happen because Bitcoin is decentralized peer to peer currency, meaning none or any of the country goverment they cannot control bitcoin but they can adopt the system of bitcoin if they want to have a benefits of it.

[OROBTC]

...

Hmm, I just read Dr. Stephen Leeb's piece saying that FOUR Chinese supercomputers transact some 70% of all BTC transactions, exact quote:

"According to The New York Times and other sources, about 70 percent of bitcoin trades go through just four Chinese computers."

http://kingworldnews.com/the-stunning-roadmap-to-the-coming-global-sdr-currency/

The article is typically breathless in KWN style, but it is interesting, the SDR is about to include the Chinese Yuan.

Also mentioned (along with a graph) are comments re China having more supercomputers (and the faster) than the USA.

[drwtsn32]

Alright. Given that we do not have enough facts to tell that China is really controlling it.
Whether it is China or not, so what? As long as we are satisfied with what bitcoin is currently giving us, we're fine. Right?
But if bitcoin suddenly disappears, maybe that's the time that we should react and do some research.
But as of now, even if we say that it is China, I don't think that they will do anything wrong to bitcoin because it also benefits them.

[J Gambler]

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

For no "Fact" we can use our bitcoin by our own rule and i did'nt see it yet that China controlled the rule of bitcoin even we say that they are populated and more of them are using bitcoin, and even their on the list of the best developer and had some exchange website for still we create our own rule

[takingthis4]

The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.

Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options

The reason why china has the most crypto mining company / farm because of its cheap cost.  China offer cheaper manpower cost and at the same time cheaper materials.  Which I think why most of the investors are investing in this country

you are right, their electricity costs are really small to be honest, in my opinion its the main reason why china has such a big impact

[Jasad]

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

For no "Fact" we can use our bitcoin by our own rule and i did'nt see it yet that China controlled the rule of bitcoin even we say that they are populated and more of them are using bitcoin, and even their on the list of the best developer and had some exchange website for still we create our own rule

noone and no group controlling or rule bitcoin ,
there maybe some group controlling the price of bitcoin in an exchange for temporary only ,
it is happened because a large number of bitcoin holder manipulating the market , and the biggest bitcoin holder are chinese ,
but still it is not called "controlling bitcoin".

[HardenAdidas]

China is maybe controlling bitcoin mining, but I don't think it controls bitcoin itself.

Yes, China has more than 51% hashrate, because some people use free power, they steal electricity, very sick miners.  

Do you have proof that China is a country that controls mining in the bitcoin..? . If you do not have proof then thinking positive and remain calm, do not let it harm to yourself. Indeed China into a country that has the highest percentage compared to other countries, but that does not mean China can master or control it all

It is common sense, antpool, f2pool, btcc pool, haobtc pool are all Chinese pools, total is almost 50% of has power.  https://blockchain.info/pools

[FLoving]

The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.

Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options

The reason why china has the most crypto mining company / farm because of its cheap cost.  China offer cheaper manpower cost and at the same time cheaper materials.  Which I think why most of the investors are investing in this country

you are right, their electricity costs are really small to be honest, in my opinion its the main reason why china has such a big impact

Electricity cost is not the only reason for them to mine in larger number out of the whole miners, interest is also an important thing to take part and control any field, the Chinese are more interested in mining so they are more in there, there are a lot of countries where electricity is provided with lowest price and in some places people create their own electricity by solar system and still they do not know how to mine.

[Dadabong]

I think China can't control bitcoin even though we know that most of bitcoin on hold by China, they can only menanipulasi price until we find a new investor who dared to buy as bitcoin from china market.

[lister storm]

The miners are in China because there they have the best electricity bill possible. They have the best position in the planet to become miners, indeed.

Their mining gear should be really cheap too, as they are producing it. Maybe it's even the miner producers having the mining farm there, who knows..

It's not closing the possibilities if there are an another country is having a more cheap electricity and mining gear but cheap or not maybe in the 3rd world of the country the electricity is more cheap than Chinese.

As far as i know the colder the place the lesser the electricity you are going to pay because of course of the weather. I think most of the places in china are quite hot but we can't also deny that china is such a big place so miners can still have a lot of options

The reason why china has the most crypto mining company / farm because of its cheap cost.  China offer cheaper manpower cost and at the same time cheaper materials.  Which I think why most of the investors are investing in this country

i guess you are right about it, they get really cheap electricity and they manage to mine bitcoins cheaply and make some decent money out of it

[noictib]

Yea China is playing massive role in bitcoin world although it really doesn't mean that they are controlling bitcoin. As it is said that bitcoin had no centralised party to act upon. But china is playing huge role as a whole we can say they are controlling bitcoin indirectly uppity some extent.

[CROSS.]

they just have a large percentage of mining Bitcoin, that doesnt mean theyre centralizing bitcoin.
But if they work together, they can attack bitcoin.

[BitLinkInvestments]

China is not controlling Bitcoin  they have a portion of the bitcoin under control but that is just like anyone else who owns bitcoin. 

[Script3d]

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

i dont think china can control or rule bitcoin and no one can control bitcoin except for satoshi if yes china will ruin bitcoin and also im gonna tell you something guys bitcoin price will reach 700$ this week