• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Miners and AI Companies Compete for Electricity Access

user avatar

by Giorgi Kostiuk

a year ago

  1. Growth of AI and Cloud Computing
  2. Impact on Bitcoin Miners
  3. Future of Energy Competition


    4. As artificial intelligence (AI) and cloud computing industries experience unprecedented growth, Bitcoin miners are increasingly being edged out in the competition for energy resources.

    Growth of AI and Cloud Computing

    Greg Beard, CEO of Stronghold Digital Mining, remarked that AI companies are now competing directly with Bitcoin miners for access to power grids, with many willing to pay a premium for electricity.

    AI companies are now competing directly with Bitcoin miners for access to power grids, with many willing to pay a premium for electricity.Greg Beard, CEO of Stronghold Digital Mining

    Impact on Bitcoin Miners

    This new dynamic has put pressure on miners, who rely heavily on affordable and abundant energy. Beard emphasized that AI dominance in energy consumption is a battle waged by the biggest tech companies, like Amazon and Microsoft, whose deep pockets allow them to outbid Bitcoin miners.

    Future of Energy Competition

    With AI expected to consume up to 9% of U.S. electricity by 2030, the competition between tech and crypto is set to intensify, forcing miners to adapt or risk being pushed out of the market.

    The energy competition between AI companies and Bitcoin miners highlights the importance of innovative approaches and adaptation to survive in the rapidly changing tech landscape.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

ZIGChain's Growing Ecosystem and Early Traction

chest

ZIGChain has launched its mainnet with a rapidly expanding ecosystem, including DEXs and wealth management platforms.

user avatarLucas Weissmann

ZIGChain Integrates Shariah-Compliant Financial Frameworks

chest

ZIGChain's integration of Shariah-compliant financial frameworks taps into a multitrillion-dollar market, catering to underserved investors.

user avatarJesper Sørensen

ZIGChain Launches as a Specialized Layer1 Blockchain for Wealth Creation

chest

ZIGChain has emerged as a unique Layer1 blockchain focused on wealth generation and real-world asset tokenization, attracting serious investors.

user avatarFilippo Romano

Institutional Inflows Drive ETF Assets to Nearly $541 Million

chest

Institutional inflows have driven ETF-held assets to nearly $541 million, indicating a bullish outlook among traders.

user avatarRajesh Kumar

Aptos Crypto Shows Signs of Recovery Amid Market Resurgence

chest

Aptos crypto (APT) is gaining recognition for its performance and growth metrics, indicating potential for a recovery rally as market demand resurges.

user avatarTomas Novak

MoonBull and La Culex Present Unique Investment Opportunities

chest

MoonBull and La Culex are emerging as strong contenders for the next 100x altcoin in 2025, currently in their presale stages with distinct growth strategies.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.