05-18-2021, 01:12 AM
Dogecoin is dominated by chinese companies and china hashpower 87% (by proxy so is l
<!-- SC_OFF --><div class="md"><p>But actually mining centralization is worse for Doge than BTC. Dogecoin is merge mined with litecoin. All of the litecoin pools do this. <a href="https://miningpools.com/litecoin/">https://miningpools.com/litecoin/</a> Up to 87% of dogecoin mining is either controlled by Chinese companies, or outright mined in china. You can check for yourself at the website I just showed. BTC has less mining in china than doge, and it has more bitcoin companies mining BTC in north america and europe. More and more non-china hash power is coming online outside of china for BTC. Hopefully the same will happen for doge, but as it stands dogecoin/litecoin mining is china dominated (87%).<br/> This is why we know Elon doesn't know what the fuck he is talking about because he accused Bitcoin of being centralized, and that centralization taking place in china.<br/> EDIT: found a good article <a href="https://old.reddit.com/r/CryptoCurrency/comments/ne480p/bitcoin_miners_moving_away_from_china_f2pool/">https://old.reddit.com/r/CryptoCurrency/comments/ne480p/bitcoin_miners_moving_away_from_china_f2pool/</a>?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/anonbitcoinperson"> /u/anonbitcoinperson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ne3e65/dogecoin_is_dominated_by_chinese_companies_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ne3e65/dogecoin_is_dominated_by_chinese_companies_and/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>But actually mining centralization is worse for Doge than BTC. Dogecoin is merge mined with litecoin. All of the litecoin pools do this. <a href="https://miningpools.com/litecoin/">https://miningpools.com/litecoin/</a> Up to 87% of dogecoin mining is either controlled by Chinese companies, or outright mined in china. You can check for yourself at the website I just showed. BTC has less mining in china than doge, and it has more bitcoin companies mining BTC in north america and europe. More and more non-china hash power is coming online outside of china for BTC. Hopefully the same will happen for doge, but as it stands dogecoin/litecoin mining is china dominated (87%).<br/> This is why we know Elon doesn't know what the fuck he is talking about because he accused Bitcoin of being centralized, and that centralization taking place in china.<br/> EDIT: found a good article <a href="https://old.reddit.com/r/CryptoCurrency/comments/ne480p/bitcoin_miners_moving_away_from_china_f2pool/">https://old.reddit.com/r/CryptoCurrency/comments/ne480p/bitcoin_miners_moving_away_from_china_f2pool/</a>?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/anonbitcoinperson"> /u/anonbitcoinperson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ne3e65/dogecoin_is_dominated_by_chinese_companies_and/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ne3e65/dogecoin_is_dominated_by_chinese_companies_and/">[comments]</a></span>Kind Regards R