Bitcoin Mining Shifts to AI

This is a Texas news story, published by MSN, that relates primarily to Bitcoin news.

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The AI gold rush: Why Texas Bitcoin miners are abandoning crypto

Summary

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81% Informative

Texas -based Bitcoin mining operations are shifting their focus away from cryptocurrency, pivoting instead toward the emerging field of artificial intelligence.

Data centers are shifting away from Bitcoin mining to cloud computing and the ability to handle massive AI workloads.

Miners who made up that state’s vibrant Bitcoin production scene are disassembling their mining rigs to be replaced with AI-compatible hardware.

AI companies are wagering accessing data centers owned by miners would be less expensive and faster than constructing their own.

Texas is already having a hard time keeping the demand for energy under control.

Electricity Reliability Council of Texas revealed that electricity demand will double by 2030 , driven by data centers and crypto-mining activities.

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semi-formal

Language

English