Comment on Bitcoin mining is no longer profitable

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locuester@lemmy.zip ⁨4⁩ ⁨days⁩ ago

Texas would still require all nodes to upgrade to the code which contains the new algorithm. It can’t just automatically know what the new code is.

Its behavior is no different from other chains.

Bitcoin uses version bits to perform these types of upgrades (see bio 9 implemented in 2016)

Ethereum uses something similar. Solana’s activation mechanism is called “feature gate activation”.

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