WVC’s Post

Exciting advances at the interface of Bitcoin mining and AI! According to CNBC, Bitcoin miners are spending millions of dollars in AI startups in order to gain on the growing AI sector. This strategic move attempts to capitalize on potentially billions of dollars in profits while demonstrating blockchain technology's versatility and adaptability. https://lnkd.in/dcSp8umG The combination of AI and blockchain provides a tremendous synergy with the potential to generate substantial advances in both domains. At Inery, we are devoted to discovering these synergies in order to improve our decentralized data management solutions. Integrating AI may assist optimize blockchain processes, increase data security, and enable new levels of efficiency and scalability. This trend highlights the need of adaptation and forward-thinking in technology. By embracing such disruptive technology, we can stay ahead of the curve and provide ground-breaking solutions to our users. Let us continue to push the frontiers of AI and blockchain technology, paving the path for a more inventive and interconnected future. 🔗🤖 #BitcoinMining #AI #Blockchain #Innovation #Inery #TechTrends

The cryptocurrency market is witnessing a surge in interest, driven by Bitcoin miners and AI technology. Major companies like Microsoft and Google are investing heavily in AI research, leading to increased demand for high-performance computing hardware. This trend has prompted Bitcoin miners to offer AI-related services, leveraging their infrastructure for cryptocurrency mining and AI computing […]

The cryptocurrency market is witnessing a surge in interest, driven by Bitcoin miners and AI technology. Major companies like Microsoft and Google are investing heavily in AI research, leading to increased demand for high-performance computing hardware. This trend has prompted Bitcoin miners to offer AI-related services, leveraging their infrastructure for cryptocurrency mining and AI computing […]

In Texas, cryptocurrency miners are shifting focus from Bitcoin to Artificial Intelligence (AI) computing. This change is reshaping the state’s reputation as a cryptocurrency mining hub. The move is driven by AI computing’s higher profitability compared to Bitcoin mining. Industry experts note AI computing can generate five times more revenue per kilowatt-hour (kWh). Layer1 Technologies, […]

Mining - Bitwise predicts that cryptocurrencies and artificial intelligence will boost global GDP by $20 trillion by 2030 - https://lnkd.in/dnPqNwNa Bitwise, a US spot issuer of Bitcoin ETFs, predicted that the combined forces of the cryptocurrency industry and artificial intelligence (AI) could inject $20 trillion into global GDP by 2030. The forecast was made at an annual Consensus conference in Austin, where industry leaders gathered to discuss the future of blockchain,

"In light of the cryptocurrency market’s volatility, Bitcoin miners are adapting their existing infrastructure to serve the data storage and computing needs of the AI secto": Bitcoin Miners - The New Power Backbone of AI Data Centers

In Texas, cryptocurrency miners are shifting focus from Bitcoin to Artificial Intelligence (AI) computing. This change is reshaping the state’s reputation as a cryptocurrency mining hub. The move is driven by AI computing’s higher profitability compared to Bitcoin mining. Industry experts note AI computing can generate five times more revenue per kilowatt-hour (kWh). Layer1 Technologies, […]

As the cryptocurrency mining boom wanes, Bitcoin mining companies are pivoting to AI data centers due to the high-performance GPU processors needed for AI tasks, similar to those used in crypto mining. This shift is driven by the massive energy requirements for AI, pushing traditional data center developers to build in remote areas with abundant power, locations once favored by crypto miners. Read more: https://bit.ly/45dQek4.

Bitcoin miners could significantly increase their profits by diversifying into artificial intelligence (AI), according to VanEck analysts Matthew Sigel and Nathan Frankovitz. They estimate that if 12 major publicly traded Bitcoin miners allocate 20% of their energy capacity to AI by 2027, they could boost their annual profits to nearly $14 billion, compared to the $335 million in losses they have recently incurred. The advantage for Bitcoin miners lies in their existing infrastructure, which can be quickly repurposed for AI computation. While AI companies might take years to build new facilities, Bitcoin miners already have the necessary processing power, making them well-positioned to capitalize on the growing demand for AI services. #crypto #web3 #ai https://lnkd.in/gu2E9nyA