The vast majority of bits on the market today are carbide tipped. Carbide is an extremely hard material. Its density actually rivals that of a diamond. Carbide has a number of advantages; it’s very resistant to heat, and it keeps an edge (stays sharp) longer than steel. It does have a number of drawbacks; it’s very brittle, prone to chipping, and it’s very expensive. This is why most bits are carbide tipped and not made from solid carbide.
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