Is Cryptocurrency Mining A Large Driver Of The Current AI Boom?

1 week ago 1
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Cryptocurrency, Bitcoin mining is one of the main drivers of the current artificial technology, AI boom, according to Wolfteam Ltd.'s projections and estimates.

Cryptocurrencies mining is a highly computing intensive mining process and it needs flexible GPU chips like NVIDIA's to work, produce Bitcoins. NVIDIA is the leading company of the current AI boom. Cryptocurrency, Bitcoin mining drives a large part of the AI boom, partially behind the scenes. You need tens, if not hundreds of workstations to mine Bitcoin. All this in data centers equipped with the latest AI chips.

In short, cryptocurrency mining drives a large part of the demand for AI chips.

 

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