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As competition increases and energy energy-efficient practices, the energy-intensive nature strong incentive to find innovative ways to reduce their electricity advancements in the global energy.
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\Bitcoin mining is currently one of the most competitive and fragmented industries in the world. Our Porter's Five Forces analysis indicates that. Bitcoin mining is validating transactions and adding them to the blockchain using specialized computers for rewards. Learn more about it. Bitcoin Mining as a Contest Abstract: This paper presents a simple game theoretic framework, assuming complete information, to model Bitcoin mining activity.
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