Video: Just How Significant is Chinese Miners’ Control on Bitcoin?
The concentration of bitcoin mining power in China continues to raise concern in the bitcoin community. A recently produced TechCrunch video, based on Nathaniel Popper’sbook, ‘Digital Gold,’ offers an overview of bitcoin mining, including footage from inside of a Chinese mine. Several prominent bitcoin executives offer their views about the issue.
The video is titled, ‘Mines and Miners | Truth Disrupted: Bitcoin and the Blockchain.’
Mining Becomes Specialized
When bitcoin began, miners were the ‘fanatics’ who had fallen in love with bitcoin, noted Popper. But over time, mining has become a specialized profession available to those who have the ability to set up mining centers.
This post was published at Crypto Coins News on 17/10/2016.