| ▲ | suryajena 3 hours ago |
| Isn't AI the new hot thing, why are the miners still going after Bitcoin, when they can probably just use the same infra for AI and make more money, stay profitable. |
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| ▲ | alex43578 3 hours ago | parent | next [-] |
| Totally different infra: bitcoin these days is all dedicated ASICs that have basically no other use, unlike GPUs. |
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| ▲ | groundzeros2015 an hour ago | parent | prev | next [-] |
| the market is made up of many goods and services. Different people want different things at different times. |
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| ▲ | vscode-rest 3 hours ago | parent | prev | next [-] |
| Hash mining asics don’t work well for AI |
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| ▲ | haakon 2 hours ago | parent | next [-] | | This is true, but large miners also have beneficial electricity contracts and data center capacity, both suitable for AI workloads. | |
| ▲ | OJFord 3 hours ago | parent | prev [-] | | "don't work well for AI" is a hell of an understatement, the Application they are Specific to is literally just sha256(sha256(x)), what AI are you going to do with that? GP probably didn't mean that hardware though, but rather the facility, electricity supply, cooling, etc. |
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| ▲ | mathgeek 3 hours ago | parent | prev [-] |
| Article covers that briefly. |
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| ▲ | suryajena 2 hours ago | parent [-] | | > The publicly traded miners have been adapting by diversifying into AI and high-performance computing, which offer more predictable revenue than mining bitcoin at a loss. Marathon Digital, Cipher Mining, and others have been building out data center capacity alongside their mining operations. Yes, it does but lacks depth, the problem here is they are diversifying not pivoting and by virtue of game theory for each miner they stand to win on others exit, as the mining difficulty goes down, but this is creating a loss-loss situation. |
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