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04.07.2023 00:23, Vladimir Fetisov
The rapid rise in popularity of generative neural networks such as ChatGPT has opened up new opportunities for cryptocurrency mining companies. A prime example of such activity is the Spanish company Satoshi Spain, which sold and rented mining equipment during the boom of cryptocurrencies, and recently helps its clients repurpose equipment for the needs of AI.
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“You can still make money with your mining hardware. This is mining 2.0″, – says the founder of Satoshi Spain Alejandro Ibanez de Pedro (Alejandro Ibanez de Pedro). Currently, the company’s equipment is used to train AI algorithms for various startups and universities in Europe.
Satoshi Spain is not the only one in the cryptocurrency market who has noticed the rapid growth in the popularity of AI algorithms, which require high-performance graphics accelerators to train. Demand for high-performance GPUs has grown thanks to the success of OpenAI’s ChatGPT chatbot. Against the backdrop of a lull in the cryptocurrency mining segment, some companies are repurposing equipment for mining digital assets for the needs of AI algorithms.
After the way the Ethereum cryptocurrency was mined changed, millions of graphics accelerators were no longer used to mine digital assets. The ability to repurpose hardware to train AI algorithms gives mining companies new opportunities to reap the benefits.
#Cryptocurrency #mining #equipment #trains #algorithms
2023-07-03 21:23:00
