The $41.9M Signal: Why Core Scientific Abandoned Block's Mining Chip and What It Means for Bitcoin Mining's Future
Core Scientific paid $41.9 million to walk away from Block's 3nm mining chips...
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Greed
Market Sentiment
Circulating supply increases by about 2%
Raises validator limit and account abstraction
Block reward reduced to 3.125 BTC
Block reward halving event
Improves data availability sampling efficiency
92 million ARB released
Team and early investor shares released
Independent validator client goes live on mainnet
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