Replying to Avatar WBTM

While #Amazon, #Microsoft, and #Google have massive cloud infrastructure capabilities, turning their entire power toward mining Bitcoin wouldn't significantly impact the network.

This is because #Bitcoin mining requires specialized hardware called #ASICs (Application-Specific Integrated Circuits). These #ASICs are specifically designed for the complex calculations involved in #Bitcoin mining, providing much higher efficiency compared to general-purpose computing power.

The current #Bitcoin network difficulty is adjusted to maintain a block creation time of approximately 10 minutes. #ASICs are crucial for achieving the high processing power needed to compete in this decentralized mining process.

The sheer scale of these cloud providers doesn't necessarily translate into the specialized hashing power required for effective #BitcoinMining. Thus, #ASICs remain a necessity for competitive and impactful #Bitcoin mining operations.

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Pepe NOSTRos 1y ago

Cisco is pretty handy with an asic tho. Hopefully they dont pivot.

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