{"id":554325,"date":"2023-02-20T22:33:51","date_gmt":"2023-02-20T19:33:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cryptocurrency-miners-are-leading-the-next-stage-of-ai\/"},"modified":"2023-02-20T22:33:51","modified_gmt":"2023-02-20T19:33:51","slug":"cryptocurrency-miners-are-leading-the-next-stage-of-ai","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cryptocurrency-miners-are-leading-the-next-stage-of-ai\/","title":{"rendered":"# Cryptocurrency miners are leading the next stage of AI"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b59c7bb7eb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b59c7bb7eb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cryptocurrency-miners-are-leading-the-next-stage-of-ai\/#%E2%80%9D_Cryptocurrency_miners_are_leading_the_next_stage_of_AI_%E2%80%9C\" >&#8221; Cryptocurrency miners are leading the next stage of AI &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Cryptocurrency_miners_are_leading_the_next_stage_of_AI_%E2%80%9C\"><\/span>&#8221; Cryptocurrency miners are leading the next stage of AI &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>As artificial intelligence (AI) rapidly works its complex magic on one sector of the economy after another, there is an increasingly pressing need for compute resources to power all this machine intelligence.\u00a0<\/p>\n<p>Training a model like ChatGPT costs more than $5 million, and running the early ChatGPT demo, even before usage increased to its current level, costs OpenAI around $100,000 per day. And AI is more than just text generation; <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lying AI to practical problems across multiple industries requires similar large neural models trained on a diversity of data types \u2014 medical, financial, customer information, geospatial and so forth. Moving beyond the limitations of current neural net AI toward systems with higher levels of artificial <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> intelligence will almost surely be even more compute intensive.<\/p>\n<p>It\u2019s only natural that a small but increasing number of crypto miners are now looking at how to leverage their own compute infrastructures to help push forward the AI revolution.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>From Bernie Madoff to Bankman-Fried, Bitcoin maximalists have been validated<\/em><\/strong><\/p>\n<p>Bitcoin (BTC) mining remains a lucrative business. Mining other cryptocurrencies can still make money as well, but it is a rapidly shifting landscape. Ether (ETH) miners, for instance, took a major hit late last year when the Ethereum network shifted from proof-of-work to proof-of-stake.<\/p>\n<p>The economic and technical situation in the crypto space over the last two years has driven an increasing number of crypto mining organizations to explore the potential of leveraging their facilities for other purposes, such as high-performance computing and, in particular, AI.<\/p>\n<p>The specific computing hardware needed for high-performance computing (HPC) or AI processing is often different from what\u2019s optimal for crypto mining. But buying servers is generally not the most difficult part of setting up a mining farm. Getting the electrical power and cooling and security and other physical infrastructure in place is a major cost and effort, and all this remains roughly the same whether one is hosting RAM-light GPUs appropriate for ETH mining or RAM-heavy GPUS appropriate for AI model learning.<\/p>\n<p>Mining firm Hut 8 has led the way, leveraging its formerly mining-dedicated compute facilities for machine learning and other HPC applications. Hive Blockchain has been doing the same thing for some time, filling\u00a0its servers with processor cards that \u201ccan be used for cloud computing and AI applications, and rendering for engineering applications, in addition to scientific modelling of fluid dynamics.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/aaf87bf6-0055-484a-879d-b02222e0eacc.jpg\"><figcaption style=\"text-align: center;\"><em>Mining firm Hut 8&#8217;s stock price, Feb. 2022-Feb 2023. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Perhaps most interesting is the potential for miners to shift their compute resources to AI in a way that remains fully within the blockchain space \u2014 by using them to run AI processes that are hosted in decentralized blockchain-based networks. This opportunity is provided by a number of AI projects associated with their own altcoins, such as Fetch.ai (FET), Ocean (OCEAN) Matrix AI Network (MAN), Cortex (CTXC) and my own project, SingularityNET (AGIX), and its various ecosystem projects, such as NuNet (NTX) and the new ledgerless blockchain HyperCycle. AI-related altcoins have done well in the first part of 2023, as the market has come to understand the potential for decentralized AI software.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Should Bored Ape buyers be legally entitled to refunds?<\/em><\/strong><\/p>\n<p>It\u2019s been clear since before Bitcoin\u2019s white paper that the fusion of distributed computing, strong encryption and decentralized control has broad applications beyond the financial. This is why we have blockchain projects in areas spanning nearly all vertical markets \u2014 medicine, supply chain, gaming, robotics and so on. As each of these business domains becomes dominated by AI, decentralizing the software and hardware underlying AI will be a critical aspect of decentralizing the global economy. Repurposing of a portion of crypto mining hardware to running AI processing, some of which is wrapped in AI-oriented crypto networks, will increasingly form part of the story.<\/p>\n<p>If a non-trivial portion of global AI processing ends up being done on crypto mining facilities, this could have implications beyond finance. Crypto mining rigs are based in diverse legal jurisdictions and owned by a variety of different parties. A globally distributed AI network spread across crypto mining rigs would be dramatically more difficult for governments or other parties to centrally control than an AI network centered in Big Tech-owned server farms (the current default for AI). Whether this is good or bad AI ethics-wise depends on your estimate of the character of Big Tech and big government.<\/p>\n<div>\n<div style=\"background: rgb(239, 239, 239); border: 1px solid rgb(204, 204, 204); padding: 10px;\"><strong>Ben Goertzel <\/strong>is the CEO and founder of SingularityNET and chairman of the Artificial General Intelligence Society. He has worked as a research scientist at a number of organizations, most notably as the chief scientist at Hanson Robotics, where he co-developed Sophia. He served previously as a director of research at the Machine Intelligence Research Institute, as the chief scientist and chairman of AI software company Novamente and as chairman of the OpenCog Foundation. He graduated from Temple University with a Ph.D. in mathematics.<\/div>\n<\/div>\n<p class=\"post-content__disclaimer\"><em>This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.<\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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