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In other words "this is good for Bitcoin"?



More like "nothing extraordinary"


Having a bunch of people making millions by racing to compute SHA256 collisions is very much extraordinary IMO. Drawing parallels with the server and radio markets is not very convincing.

Furthermore the way mining happens is pretty irrelevant to Bitcoin adoption and maturity at this point. Having a million miners or only 10 doesn't really change much in terms of usability or price volatility.




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