mining biz

"The move has given the sentiment of the bitcoin mining community a boost, as T-Mobile (TMUS)—which has more than $200 billion market cap—participating in making Bitcoin safer is positive for the network. However, it also poses the question of whether such a large player entering the arena will ramp up the competition for the incumbent miners who are already facing tougher competition.

"The move has given the sentiment of the bitcoin mining community a boost, as T-Mobile (TMUS)—which has more than $200 billion market cap—participating in making Bitcoin safer is positive for the network. However, it also poses the question of whether such a large player entering the arena will ramp up the competition for the incumbent miners who are already facing tougher competition.

https://www.coindesk.com/business/2024/06/17/telecom-giant-and-t-mobile-parent-deutsche-telekom-plans-to-mine-bitcoin/