Hiveon’s Post

Bitcoin Miners Pivot to AI for Survival… The struggling industry seeks new revenue streams with powerful data centres. Looking for a lifeline, Bitcoin miners are forging partnerships with AI companies. Their vast data centres, originally built for complex crypto mining calculations, are well-suited for the processing power needed by AI. This shift could offer much-needed stability for the mining industry, facing challenges like high energy costs and reduced mining rewards. Here are some key points: 📌Bitcoin miners are struggling due to high costs and reduced rewards. 📌Powerful graphics processing units (GPUs) are crucial for both crypto mining and AI. 📌AI companies are in high demand for data centre space and processing power. 📌Bitcoin miners like Core Scientific are "aggressively pursuing" AI deals. 📌This collaboration could provide miners with more stable and predictable revenue. AI companies benefit from faster and cheaper access to high-performance computing infrastructure.  Building new data centres can take years, and miners offer a readily available solution. Big players like Google, Microsoft, and Amazon are also investing heavily in AI infrastructure. The future of Bitcoin mining remains uncertain, but this pivot to AI presents an exciting opportunity. It's a win-win situation, with miners potentially securing their financial future and AI companies gaining access to the resources they need to thrive. However, the environmental impact of data centres and Bitcoin mining is a concern. Both sectors require significant amounts of energy, raising questions about sustainability. https://lnkd.in/gEcEaVhT #artificialintelligence #innovation #technology

Core Scientific signs a 12-year deal with Nvidia-backed CoreWeave as bitcoin miners embrace AI boom, projecting billions in revenue. To generate additional income, Bitcoin miners have begun expanding their operations into domains such as artificial intelligence (AI) and machine learning (ML) in response to reducing miner rewards from 6.25 to 3.125 BTC. The AI market […] #AI #Crypto #Bitcoinminers

This week's 𝙘𝙤𝙞𝙣𝙧𝘦𝘴𝘦𝘢𝘳𝘤𝘩 Market Pulse... the news that drives the market. Basically, Germany sucks for crypto. :-) https://lnkd.in/g7gqj4Kv Germany’s Bitcoin Strategy Criticized: The German government still holds over $2 billion in Bitcoin, despite recent sell-offs that have contributed to market downturns, drawing sharp criticism from experts for potentially destabilizing the market further. Bitcoin Mining Profitability Rebounds: Bitcoin mining profitability saw a resurgence in June after a difficult May, as the network hashrate dropped and Bitcoin prices slightly increased, showing the market's adaptation to the recent halving event. Tether's AI Security Solution: Tether CEO Paolo Ardoino revealed the development of decentralized AI models to enhance security and privacy, claiming these models could have prevented the OpenAI hack and emphasizing the importance of locally executable AI for system resilience. Peter Schiff’s Bitcoin ETF Warning: Economist Peter Schiff warns that "smart money" is selling Bitcoin while "dumb money" is buying through ETFs, predicting severe losses for ETF investors if Bitcoin's price continues to decline. China’s Ambitious BCI Program: China is accelerating its brain-computer interface (BCI) program, aiming to lead globally in brain chip technology, as demonstrated by a monkey controlling a robotic arm via thought, positioning itself competitively with Western tech like Neuralink.

Texas Town Abilene to Become Major AI Hub as Bitcoin Miners Shift Gears Bitcoin miners are facing tough times after the recent halving event, and many are looking for new revenue streams. Texas is seeing a surge in AI data center development as miners pivot away from cryptocurrency and embrace the booming AI industry. Key points: - Lancium and Crusoe Energy Systems are building a 200-megawatt AI data center near Abilene, Texas. - This is the first phase of a larger 1.2-gigawatt project, aiming to be one of the world's biggest AI campuses. - The shift is driven by the decreased profitability of bitcoin mining and the high demand for AI computing power. - Many miners already have the necessary infrastructure (data centers, power access) for AI operations. - The Abilene facility will use renewable energy sources and power orchestration technology to manage grid stability. This trend is expected to continue, with large miners potentially doubling their power capacity for AI in the next few years. Read in detail: Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave via CNBC #AI #BitcoinMining #Texas #ArtificialIntelligence #DataCenters #RenewableEnergy

You can’t turn on the news these days without hearing something about #Bitcoin and #AI. Check out a recent thought piece on how #BTC miners are leveraging #AI to sustain profitability.

In a not-so-distant future, the world hummed with unrelenting energy demands. Cities sparkled with progress, while deep within server farms, two digital titans silently clashed: artificial intelligence and cryptocurrency mining. AI, the darling of industries from healthcare to finance, demanded immense power to train its sprawling neural networks, promising solutions to humanity’s greatest problems. Crypto mining, the renegade, upheld the dream of decentralized finance but consumed colossal energy in the process. As global energy grids strained, the invisible war between the two escalated. At EtherSky, a vast Siberian data center once dominated by crypto mining, AI models now worked to revolutionize agriculture. Displaced miners, now operating in remote areas, argued that their decentralized systems were just as vital as AI’s lofty goals. The competition grew into a philosophical battle: the promise of centralized problem-solving versus the freedom of decentralized finance. Energy rationing policies reshaped the landscape, often favoring AI, though not without backlash. Miners adapted, tapping untapped energy sources, while AI researchers developed energy-efficient algorithms. Despite these innovations, the battle continued, the demand for resources outpacing every advance. In the end, it wasn’t AI or crypto that forced a reckoning but the planet itself. Rising temperatures, storms, and resource shortages demanded a new balance. The energy war was no longer about dominance but survival, forcing both sides to confront a shared reality: a world with limits and a need to redefine what progress truly meant.

💡 Bitcoin miners are turning a new leaf - becoming attractive partners for AI data centers! Bitcoin miners are now leveraging their power supplies and operational capabilities to facilitate the growth of AI data centers. Key Points to Note: 1. Bitcoin miners are stepping up to provide infrastructure for AI applications, as seen in recent deals like Core Scientific's 12-year agreement with CoreWeave and Hut 8 Corp.'s $150 million investment from Coatue Management. 2. With control over about 6 gigawatts of power access and plans to increase this to 12 GW by 2027, bitcoin miners can help overcome the energy supply bottleneck in AI development. 3. Bitcoin data centers, with their high power density racks, advanced cooling systems, and overall operating capabilities, are proving ideal for retrofitting to meet AI project needs. 4. Despite the recent dip in bitcoin prices, bitcoin miners investing in AI have shown promising market performance. For instance, Hut 8's shares have risen by 44%, TeraWulf's by 32%, and Core Scientific's by 1.5% over the past 30 days. 5. Bernstein forecasts that by 2027, 20% of bitcoin miners' power capacity will be dedicated to AI. This shift in focus of bitcoin miners presents an exciting opportunity for the AI industry. As the need for high-performance computing applications grows, these new partnerships could pave the way for more efficient and powerful AI data centers. So, what's your take on this? Do you see this as a win-win situation for both the bitcoin and AI industries? Share your thoughts below!

Bitcoin miners are shifting their focus to AI to revitalise revenues by leasing their high-performance computing data centres, which are in high demand for AI projects. Miners, such as Core Scientific, have struck lucrative deals with AI companies like CoreWeave to host AI chips, aiming to stabilise and increase their earnings amidst fluctuating crypto markets and reduced mining rewards due to the recent bitcoin halving event. This strategy leverages their existing infrastructure to cater to AI's significant energy and computing needs, offering a quicker and cheaper solution for AI firms compared to building new data centres. https://lnkd.in/d_fJXcV9

🚀 Meet LogrisTheBard! We're excited to highlight the incredible scientific background of our very own AI expert. Here are some fascinating facts about him: 🎓 PhD in AI, specializing in cognitive architectures, spam filters, sentiment analysis, and LLM training at a global scale. 💻 Former software architect for big data processing, streaming computation, and microservice development at major tech companies. 🌐 Led multiple AI companies from prototype to acquisition, adding over $1B in valuation to his latest enterprise. 🔗 Seasoned crypto veteran, advisor to several crypto projects, and co-founder of Tokenomics Explained. 🤖 Deep knowledge of AI processes and cloud resources, crucial for scaling decentralized AI infrastructure globally. Learn more about his groundbreaking work at Tokenomics Explained:  https://lnkd.in/ekt2M4WM #CETI #AI #Crypto #Innovation #Leadership #DecentralizedAI

Bitcoin Miners’ New Playbook: AI and High-Performance Computing #cryptonews - Bitcoin miners could gain $13.9 billion by 2027 by pivoting to AI and HPC, according to VanEck. Learn how this shift could transform the industry. https://lnkd.in/dMq_grdH