Mining companies trade to take advantage of artificial intelligence developments.
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#Mining companies trade to take advantage of artificial intelligence developments.
Miners are ramping up investment in monetizing energy contracts and physical assets for #AI purposes.
Mining is still approaching its peak with the shift to US farms and the dominance of foundry pools.
There are increasing signs that #bitcoin miners are liquidating their assets. Miners are already professionally building farms around the world in anticipation of the artificial intelligence revolution.
Projects like #Core Scientific have spent the last few years working on artificial intelligence without giving up mining. Now, after signing a 12-year contract with CoreWeave, Core Scientific is accelerating its AI services. Core scientific rents GPUs to train AI models.
The AI training industry is still in its infancy, with the industry set to be less than $330 billion in 2024. The sector is projected to grow 10 times in the next 10 years. #ЛюбимыйТокен and cryptocurrencies are also seen in the long term, but AI revenue promises to be a source of equally rapid growth.
Miners are the ideal AI carriers because it took years to get a cheap source of energy. Switching to AI is still costly, but it can replace the desire to increase hashing speeds in mining. Some mining companies are starting to utilize some AI service capabilities even during the bear market in 2022.
Miners were relatively profitable before the halving. However, competition continues to grow and the complexity of mining is increasing. Mainers with older farms need to keep up, as the price of mining equipment often depends on the increase in demand. Some miners can use their accumulated coins to fund new AI farm members by buying high-end graphics cards to create content.
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