Artificial intelligence (AI) is gaining ground. For more and more sectors of activity, AI is indeed positioning itself as the means of increasing productivity and profitability. Crypto mining in particular is not left out. Many firms believe in the potential of AI to improve the operational process of mining.
AI, a parade of the control wanted by the States on the cryptos?
Ben Goertzel, a specialist in artificial intelligence delivered, Monday, February 20, a AI market analysis related to crypto mining. According to him, AI should see a more pronounced development thanks to mining activities.
According to Goertzel, a growing number of mining companies are using the computing capabilities of their infrastructure to support the growth of AI. This approach would be one of the many avenues explored by the market to adapt to the current bear market.
While the decentralization advocated by crypto companies is threatened by an all-out regulatory effort, AI could be a game-changer. The expert believes that an AI network, based on mining platforms, will restrict the control desired by governments. This could therefore explain the interest for AI in mining platforms such as Hive Blockchain or Hut 8 Mining.
Recently, in fact, the latter decided to dedicate its computing facilities to machine learning purposes. The same goes for Hive Blockchain, which has equipped its servers with processors capable of using AI applications.
Plural and expanded benefits?
For Ben Goertzel, there is no doubt that this dynamic is beneficial for both mining companies and AI. Because this evolution represents a way to save the training costs of an AI model. It is also a profitable investment for companies, mining activities being very lucrative.
Beyond the economic benefits, the advantage of such progress would be relevant in operational terms. This is because it allows a transfer of computational resources to AI in a way that conforms to blockchain procedures.
We see with the proliferation of AI-based crypto projects that crypto market players are betting on this technology. This is because they are gradually realizing the potential of decentralized AI software.
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