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China controls 60% of Bitcoin mining power

Over more than a half of the bitcoin network is located in China, with major mining pools such as Antfarm and BTCC
This means the Chinese have lots of voting .... Download MP3 or Video China controls 60% of Bitcoin mining power, published by Boxmining and duration 4 Minute(s) 54 Second(s) in Science & Technology category.

Over more than a half of the bitcoin network is located in China, with major mining pools such as Antfarm and BTCC. This means the Chinese have lots of voting power and a huge amount of influence over the future direction of Bitcoin. What does this mean for the bitcoin network ?

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