Increasing the block size shouldn't be a problem for Chinese miners. Five of the largest - F2Pool, Antpool, BW, BTCChina, Huobi - have already signed a draft agreement indicating they are fine with an increase to 8 MB: http://www.8btc.com/blocksize-increase-2
With regards to China's international bandwidth, not only is intra-Asia capacity improving all the time, a major consortium cable FASTER is coming online Q2 2016. Backed by Google, China Telecom and others, it has a capacity of 60 Tbps, making it the highest-capacity data link ever created across the Pacific. Interactive map: http://www.submarinecablemap.com/ FASTER: https://plus.google.com/+UrsH%C3%B6lzle/posts/haJzDXnp9Z4 --Simon On 08/02/2015 11:34 PM, Adam Back via bitcoin-dev wrote: > If block-sizes are increased in a way detrimental to the Chinese miners, > it is not the Chinese miners that lose, it is all of the non-Chinese > miners - this is because the Chinese miners have the slight majority of > the hashrate. The relatively low external bandwidth connecting China to > the net is actually the problem of the non-Chinese miners problem. Non > Chinese miners will experience higher orphan rate once Chinese miners > cease to build on top of blocks that are too large to sync in a timely > fashion into China. > > Adam > > On 2 August 2015 at 23:02, Jim Phillips via bitcoin-dev > <bitcoin-dev@lists.linuxfoundation.org > <mailto:bitcoin-dev@lists.linuxfoundation.org>> wrote: > > China is a communist country. It is no secret that all "capitalist" > enterprises are essentially State controlled, or at the very least > are subject to nationalization should the State deem it necessary. > Most ASIC chips are manufactured in China, so they are cheap and > accessible to Chinese miners. Electricity is subsidized and > essentially free. Cooling is not an issue since large parts of China > are mountainous and naturally cool. In short the Chinese miners have > HUGE advantages over all other mining operations. This is probably > why, between just the top 4 Chinese miners, the People's Republic of > China effectively controls 57% of all the Bitcoin being mined. > > The ONLY disadvantage the Chinese miners have in competing with the > rest of the world is bandwidth. China has poor connectivity with the > rest of the world, and Chinese miners have said that an increase in > the block size would be detrimental to them. I say, GOOD! Most of > the free world has enough bandwidth to be able to handle larger > blocks. We need to take advantage of that fact to get mining out of > the centralized control of the Chinese. > > If you're truly worried about larger blocks causing centralization, > think about how, by restricting blocksize, you're enabling the > Communist Chinese government to maintain centralized control over > 57% of the Bitcoin hashing power. > > -- > *James G. Phillips > IV* <https://plus.google.com/u/0/113107039501292625391/posts> > <http://www.linkedin.com/in/ergophobe> > /"Don't bunt. Aim out of the ball park. Aim for the company of > immortals." -- David Ogilvy > / > > /This message was created with 100% recycled electrons. Please > think twice before printing./ > > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > <mailto:bitcoin-dev@lists.linuxfoundation.org> > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > > > > > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
