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A password consisting of thirteen randomly selected uppercase and lowercase letters and digits also has an entropy of 78 bits: one of 62 possible characters yields log2(62) ≈ 6 bits of entropy, thus thirteen random characters yield 78 bits. Since the PBKDF2 key derivation function and the Bitcoin network use the same or a similar hash algorithm, their performances can be compared well. The Bitcoin network, which was used as a reference in the discussion on Reddit,...