AI Research in Bitcoin Mining: New Challenges and Opportunities
Date: 2024-04-19 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
CoinShares, led by James Butterfill, released a report on the impact of artificial intelligence on the Bitcoin mining industry. Let's look at what threats and opportunities AI computing poses for miners.
Differences in Requirements
Experts note that the use of advanced AI technologies in mining could mean a threat to some data centers. The energy and internet uptime requirements for AI and BTC mining are significantly different.
Difficulties of working with AI
Artificial intelligence requires high reliability and uptime of 99% or higher, as well as complex redundancy systems. Problems with recovery from failures can significantly limit the effectiveness of using AI.
Benefits of BTC Mining
Unlike AI, BTC mining is flexible: the equipment can be quickly turned on and off, allowing it to resume operations immediately after failures. This is especially valuable for places with unstable energy sources.
New trends
However, there is a growing interest in the use of artificial intelligence in mining. Companies such as Hive and Hut 8 have already seen revenue growth due to the use of AI. This trend may lead to increased investment in research and development in this area.
Miners looking to diversify their revenues and improve their profits are increasingly turning to the use of artificial intelligence in energy-secure locations. This opens up new opportunities for innovation and development in the Bitcoin mining industry.
