Post
Topic
Board Development & Technical Discussion
Re: Ordinals and other non-monetary "use cases" as miner reward on 2140+
by
MeGold666
on 03/07/2024, 10:29:16 UTC

Bitcoin mining is quickly becoming thing of the past, current landscape is AI.


 Roll Eyes

Laughable, and it's obvious that you didn't think well about it before making that statement. There's more to mining than mere hashing to "win the lottery" for rewards. There's a particular dynamic between mining difficulty, the price speculation of Bitcoin, the demand for blocks, and so on. To say that it's "becoming a thing of the past" is simply WRONG. In fact, the way HashCash is utilized in Bitcoin, it's actually a thing of the future. ¯\_(ツ)_/¯

You are arguing not with me but with the reality, read it again:

Quote
In recent months, major Bitcoin mining companies have started to swap out some of their mining equipment in favor of rigs used to run and train AI systems. These companies believe that AI training could provide a safer and more consistent source of revenue than the volatile crypto industry. And so far, these pivots have been warmly received by investors, leading to the market cap of 14 major bitcoin mining companies jumping in value by 22%, or $4 billion, since the beginning of June, J.P. Morgan reported on June 24.

Source: https://time.com/6993603/ai-bitcoin-mining-artificial-intelligence-energy-use/