While artificial intelligence continues to grab headlines, small and large-scale Bitcoin miners might not necessarily jump ship to the AI and machine learning hype train. Artificial intelligence (AI) and machine learning (ML) are demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin (BTC) miners are not jumping on the…
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Building a decentralized exchange on Bitcoin would be a “step backward,” for example, said Bitcoin developer Super Testnet. One of the developers working on “BitVM” — a Bitcoin-based virtual machine — reiterates the tech is intended to scale Bitcoin rather than launching Ethereum-like decentralized finance applications on the network. BitVM’s whitepaper was released by ZeroSync’s…
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io.net has built a decentralized physical infrastructure network that will source GPU computing power for AI and machine learning. A project that started out as an institutional-grade quantitative trading system for cryptocurrencies and stocks has transitioned to become a decentralized network sourcing GPU computing power to serve increasing demand for AI and machine learning services.…
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Iris Energy has invested $10 million in the latest generation of Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining. Nasdaq-listed Iris Energy has bought 248 state-of-the-art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative artificial intelligence (AI) in addition to its core business…
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The chips will be used to set up an AI resource as a recent report said 20% of firms can’t get enough computing power for AI. British Prime Minister Rishi Sunak is set to spend 100 million pounds ($130 million) to buy thousands of computer chips to power artificial intelligence amid a global shortage and…
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Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are in trouble, local media reported, quoting entrepreneurs and mining enthusiasts.
Cryptocurrency Miners Hit by The Merge, Vietnam Report Reveals
Vietnam’s crypto miners have suffered…
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Northern Data believes the acquisition will position it as a leading mining firm globally. Blockchain and high performance computing firm Northern Data has announced it will acquire Bitcoin miner Bitfield. According to a Sept. 27 press release, all major shareholders signed a binding purchase agreement for the entire Bitfield enterprise to be sold at a…
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