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People seem to forget just how fast electricity is. I used to work for the telephone company and at one point worked in the CO (where you get your dial tone) with the mainframe connecting the outside world to the network inside.
There is all kinds of protection against power surges beginning with springs, carbon and pop fuses. While the springs may pop and fuses may blow, 90% of the time (probably higher) it was a capacitor on the line card that connects the frame to the network that would fry, thus saving the rest of the hardware.
No surge protector is going to help.
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