BrianHuggins
@brianhuggins
A shortening of Bitcoin mining machine iteration cycles to 6 months intensifies industry competition and leads to a shakeout. Miners must constantly upgrade to remain competitive, increasing costs for those with limited resources. Smaller players may struggle to keep up, resulting in market consolidation. Larger, well-funded miners can invest in the latest technology, potentially increasing their market share and influence over the network's development and security.
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