Monday, August 18, 2025
Summarized AI News and Articles       (Subscribe to the newsletter below.)
  • Login
AI News Articles
No Result
View All Result
  • AI Article
  • AI News
  • Blog
    • Editorial by ainewsarticles.com
    • Weblog by ainewsarticles.com
  • Business
    • Business & Finance
    • Grant & Philanthropy
  • Lifestyle
    • Art & Entertainment
    • Culture, Fashion & Travel
    • Work & Leisure
    • Home & Food
    • Sports, Exercise & Games
  • Link
    • Product Link
    • Training Link
  • Science
    • Climate & Weather
    • Environment & Viability
    • Medicine & Healthcare
    • Natural & Artificial
    • Science & Technology
  • Society
    • Education & Society
    • Government & Law
    • Nation & World
    • Fact & Opinion
    • Politics & Religion
  • Favorite
  • Instagram Users
  • AI Article
  • AI News
  • Blog
    • Editorial by ainewsarticles.com
    • Weblog by ainewsarticles.com
  • Business
    • Business & Finance
    • Grant & Philanthropy
  • Lifestyle
    • Art & Entertainment
    • Culture, Fashion & Travel
    • Work & Leisure
    • Home & Food
    • Sports, Exercise & Games
  • Link
    • Product Link
    • Training Link
  • Science
    • Climate & Weather
    • Environment & Viability
    • Medicine & Healthcare
    • Natural & Artificial
    • Science & Technology
  • Society
    • Education & Society
    • Government & Law
    • Nation & World
    • Fact & Opinion
    • Politics & Religion
  • Favorite
  • Instagram Users
No Result
View All Result
AI News Articles
No Result
View All Result
Home AI Article

Underemployed Cryptocurrency Miners Hope AI Will Save Them
(Synopsis)

by ainewsarticles
August 28, 2023
in AI Article, Business, Business & Finance, Favorite, Government & Law, Nation & World, Science, Science & Technology, Society
Reading Time: 1 min read
Underemployed Cryptocurrency Miners Hope AI Will Save Them
5
VIEWS

Publicly traded cryptocurrency companies have shifted their focus from cryptocurrency mining (blockchain creation) to artificial intelligence (AI) due to declining profitability. These companies are now offering computing power from their data centers to the AI sector. Major mining firms are no longer limited to mining Bitcoin and other cryptocurrencies, but also wish to provide high-performance computing services in AI.

Brands in the Bitcoin mining industry have rebranded themselves to highlight their expanding businesses. Ethereum miners who used graphics processing units (GPUs) can now repurpose them for AI computing. The rapid growth of AI has created a new avenue for utilizing previously used GPUs. The shift to AI is seen as a natural evolution, especially after a challenging 2022 for the mining industry. Providing high-performance computing services to the AI industry could be more profitable than mining Bitcoin, according to a report by JPMorgan.

Miners are increasingly transitioning from Bitcoin mining to high-performance AI computing and exploring new locations for service provision. As a warning, Russia, with its surplus energy as well as all its various security risks, is becoming an attractive AI computing option. Seemingly, mining companies have an opportunity to improve their negative financial results. Not surprisingly, some of theses companies have experienced significant stock losses due to low Bitcoin prices and an increase in system and data hacking.

 

 

The ainewsarticles.com article you just read is a brief synopsis; the original article can be found here: Read the Full Article…

 

 

Next Post
U.S. District Court Rules: AI-generated Art Cannot Be Copyrighted

U.S. District Court Rules: AI-generated Art Cannot Be Copyrighted
(Synopsis)

Recommended

Players React to AI Darth Vader’s Villainous Swearing in Fortnite
(Headline)

3 months ago
Microsoft's 365 AI-driven Copilot Announcement Made Its Stock Fly

Microsoft’s 365 AI-driven Copilot Announcement Made Its Stock Fly
(Synopsis)

2 years ago

UK’s Largest AI Data Centre Project Unveiled in Lincolnshire
(Headline)

3 months ago

Microsoft Tests AI-generated Text Feature in Windows Notepad
(Headline)

3 months ago

AI Clones of K-Pop Group A2O May Released by SM Entertainment Founder
(Headline)

1 month ago

Email a Link

Please submit an AI article link so AI News Articles can summarize and post it.

SUBMIT

Subscribe to the Newsletter

About AI News Articles

AI News Articles
Summarized AI News and Articles

(Click here to read our Privacy Policy.)
(Click here to read our Terms of Service.)

© 2023 AI News Articles
Summarized AI News and Articles by ainewsarticles.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Summarized AI News and Articles       (Subscribe to the newsletter below.)
No Result
View All Result
  • AI Article
  • AI News
  • Blog
    • Editorial by ainewsarticles.com
    • Weblog by ainewsarticles.com
  • Business
    • Business & Finance
    • Grant & Philanthropy
  • Lifestyle
    • Art & Entertainment
    • Culture, Fashion & Travel
    • Work & Leisure
    • Home & Food
    • Sports, Exercise & Games
  • Link
    • Product Link
    • Training Link
  • Science
    • Climate & Weather
    • Environment & Viability
    • Medicine & Healthcare
    • Natural & Artificial
    • Science & Technology
  • Society
    • Education & Society
    • Government & Law
    • Nation & World
    • Fact & Opinion
    • Politics & Religion
  • Favorite
  • Instagram Users

© 2023 AI News Articles
Summarized AI News and Articles by ainewsarticles.com

×