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
Block reward reduced to 3.125 BTC
Team and early investor shares released
92 million ARB released
Improves data availability sampling efficiency
Block reward halving event
Circulating supply increases by about 2%
Independent validator client goes live on mainnet
Raises validator limit and account abstraction
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