Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said.
It’s not just miners of the world’s largest cryptocurrency, bitcoin, that are looking for new revenue streams. Former ether miners have also shown a tendency to offer HPC services, the bank said, noting that since the, there has been a high supply of graphics processing units for sale in the secondary market because GPUs used for ether mining “lost their utility.”
Some ether miners sold their GPUs to salvage their investment, while some repurposed their machines for gaming, image and video rendering services, and mining other“However, mining these cryptocurrencies were not as profitable as mining ether due to their lower market caps and questions about their long-term viability,” analysts led by Nikolaos Panigirtzoglou wrote.
“With the rapid growth of AI, the increased demand for high performance computing is now opening a new and perhaps more profitable avenue for utilizing GPUs previously used for ether mining,” the analysts wrote. Bitcoin miners are also trying to diversify in terms of geography, with Russia emerging as one of the global leaders second to the U.S., in terms of bitcoin mining power consumption, the report added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Harris Co. crime: Man accused of submitting fraudulent credit application arrestedAttempting to file a fraudulent credit application landed one man behind bars earlier this month.
Consulte Mais informação »
JSO: Man shot while trying to sell iPad on WestsideA man was shot on the Westside after attempting to sell an iPad Sunday afternoon.
Consulte Mais informação »
This Figure Proves US is Lightyears Ahead of Europe on Crypto AdoptionA Bloomberg analyst pointed out what puts the US ahead of Europe in terms of adoption. Hint, it has something to do with BTC ETFs.
Consulte Mais informação »
The ultimate guide to password management for crypto enthusiastsEnhance your crypto security with our ultimate password management guide. Learn to create strong passwords, master secure management and more!
Consulte Mais informação »
Crypto Fest 2023 | Cape Town, November 24, 2023Crypto Fest 2023 | Cape Town, November 24, 2023
Consulte Mais informação »
Ethereum (ETH) ETF Madness Can Cause Surge to New All-Time HighSeries of Ethereum ETF releases can bring unexpected bull run on crypto market
Consulte Mais informação »