Bitcoin Mining 101 and AI

Did you know #Bitcoin miners often use energy that would otherwise go to waste—like waterfalls or excess wind power? Plus, over 50% of mining relies on renewables! 🔋♻️

More breakdown about Bitcoin Mining from @PrestonPysh and @adamhaynes_: 👇

1/ Why Bitcoin Needs Mining

Mining isn’t just about creating Bitcoin—it’s the backbone of the blockchain. By verifying transactions and ensuring decentralized consensus, mining prevents double-spending and keeps Bitcoin trustless.

2/ Energy Usage Misconceptions

Think Bitcoin mining wastes energy? Think again! It consumes just 0.1% of global energy while often utilizing stranded or renewable power. Over 50% of mining now relies on renewables like wind and geothermal energy.

3/ Mining as Economic Boost

Bitcoin mining fosters renewable energy adoption. Projects like Gridless in Africa showcase how miners support infrastructure growth in underserved regions by providing consistent energy demand.

4/ The Efficiency Evolution
Mining tech has come a long way! From CPUs to GPUs to ASICs, hardware efficiency has improved 10x, reducing energy consumption per hash. The result? A more sustainable and scalable network.

5/ AI and Bitcoin Mining – A Future Synergy?

The overlap between AI and mining infrastructure is growing. Data centers optimized for mining could pivot to AI workloads, offering flexibility and efficiency. But is this transition realistic?

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