The United States MGT group to build a giant bitcoin mine, China monopoly challenge

The United States MGT group to build a giant bitcoin mine, China monopoly challenge

According to statistics, the current bitcoin mining industry for more than 51% of the calculated force are concentrated in the three mines in the pool, and the three by the Chinese mine pool management, this issue has caused many bitcoin community members concerned, they think the decentralized is only good for the development of bitcoin the network in addition, they are also worried that the government will eventually take over Chinese bitcoin.




Due to various reasons, bitcoin mining Chinese has great advantages. First of all, China labor costs compared to other parts of the world to be cheaper, Chinese powerful hardware conditions mining industrial manufacturing capabilities will provide an ideal for mine. In addition, China has compared to developed countries more low power cost, it will increase the area of bitcoin mining global advantage.

In order to break the monopoly enterprises China bitcoin, led by JohnMcAfee MGT announced the construction of a large scale bitcoin mine in the United States, including mine hydroelectric facilities have been installed in the state of Washington, is expected in August 1st the formation of computing power.

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