Oddbean new post about login | logout Bitcoin Miners Have The Power That AI Companies CovetBitcoin miners have what artificial intelligence purveyors need: power. A number of the long-suffering mining companies now find themselves with the opportunity to sell data-center services to free-spending AI customers thanks to their access to electricity.Many of the miners have built their operations to take advantage of inexpensive commercial power in places like Texas and North Dakota. AI providers need a lot of juice—a ChatGPT query takes 10 times the energy of a Google search—and 14 publicly traded U.S. miners can spare about 3.6 gigawatts of the 5 gigawatts they currently control, a JPMorgan report indicates. The miners also have an additional 4.5 gigawatts coming in the form of contracts for power plants under development. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1718025944288-YAKIHONNES3.webp
Bitcoin miners have what artificial intelligence purveyors need: power. A number of the long-suffering mining companies now find themselves with the opportunity to sell data-center services to free-spending AI customers thanks to their access to electricity. Many of the miners have built their operations to take advantage of inexpensive commercial power in places like Texas and North Dakota. AI providers need a lot of juice—a ChatGPT query takes 10 times the energy of a Google search—and 14 pub
Bitcoin miners, who uphold and secure the bitcoin network through complex computational processes, have historically built large server farms to tap into cheap energy sources and maximize their profits . These facilities, which house the mining rigs, can also accommodate the energy-intensive requirements of AI operations
