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Author Topic: What has led the decline of China's reign in Bitcoin mining? Find out below:  (Read 175 times)
elindinga (OP)
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July 03, 2020, 01:06:52 PM
 #1

Link: https://blog.amun.com/the-bitcoin-mining-industry-is-becoming-increasingly-tied-to-geopolitics/

DooMAD
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July 03, 2020, 01:52:09 PM
 #2


I've never understood this bizarre fixation some people have in tying together the actions of totally unrelated strangers residing within a set of arbitrary lines on the map and treating them as a single entity with shared goals and ambitions.  Large number of miners being located in China was largely circumstance.  When you talk about "Chinese dominance", you make it sound as though people in China are somehow acting in unison with the aim of being in a leading position.  And people often come away with that exact misconception.  They then formulate opinions based on their own personal biases about whether it's "good" or "bad" that the most mining activity happens to take place in certain geographical boundaries, as if it somehow matters.     

If the goal of the blog is to say "these are some interesting stats", then fine, but as soon as you start pretending you can somehow know the social/political/economic motivations of every single individual within that location and start making judgements based on that fallacy, people start jumping at shadows.

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.     Debunking Bitcoin's Energy Use     .
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