Comment on Major Bitcoin mining firm pivoting to AI, plans to fully abandon crypto mining by 2027 as miners convert to AI en masse — Bitfarm to leverage 341 megawatt capacity for AI following $46 million Q3 loss

0ndead@infosec.pub ⁨1⁩ ⁨month⁩ ago

• OwlPaste@lemmy.world ⁨1⁩ ⁨month⁩ ago

  How would they make money from ai? be like chatgpt and release their own ai plans or something? or something else?

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  • BlueKey@fedia.io ⁨1⁩ ⁨month⁩ ago

    Maybe host open source models and offer payed access for customers who need big generating capacities.

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    • Afaithfulnihilist@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

      Paid : give money for

      Payed: nautical term meaning to let out some slack on the rope or to cover the deck and tar/pitch for sealing it

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      • boatswain@infosec.pub ⁨1⁩ ⁨month⁩ ago

        As long as we’re being pedantic, when you pay out pitch, you’re not covering the deck with it. You’re making lines of it that go in between the deck planks. It’s basically caulking. You actually have to be careful to not get it everywhere (not least because pitch is really hot when you’re paying it out), so just like when you’re paying out a line, there’s a sense of careful control and easing out the pitch.

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    • HakFoo@lemmy.sdf.org ⁨1⁩ ⁨month⁩ ago

      Aren’t most miners running ASICs that are pretty much only useful for mining specific coins? I was hoping we were past the last “people are buying off-the-shelves GPUs for crypto” bubble.

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      • jimerson@lemmy.world ⁨1⁩ ⁨month⁩ ago

        Depending on which crypto, but yes. And the ASICs have a usable shelf life of just a few years, so I assume they are migrating to machines for AI processing as their ASICs need routine replacement.

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    • morrowind@lemmy.ml ⁨1⁩ ⁨month⁩ ago

      Yeah there’s lots of open providers like this.

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  • ZoteTheMighty@lemmy.zip ⁨1⁩ ⁨month⁩ ago

    Make no mistake; the people selling server time will be making money. They are selling a real product to a real customer, it’s just the customer is a tech company that will never make money back in turn.

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    • mPony@lemmy.world ⁨1⁩ ⁨month⁩ ago

      if the tech company is lucky, they can sell whatever their product is to customers. Only issue is, there’s not enough customers eager enough to part with their money. A pyramid scheme fails if it can’t hang losses on consumers.

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  • Robin@lemmy.world ⁨1⁩ ⁨month⁩ ago

    OpenRouter is a marketplace for AI inference

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  • Ludicrous0251@piefed.zip ⁨1⁩ ⁨month⁩ ago

    In theory you could lease your server capacity to the big AI players, but then they would have to trust you -a noted crypto grifter - with their data.

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    • RobotToaster@mander.xyz ⁨1⁩ ⁨month⁩ ago

      Investors keep trusting noted crypto grifters with money.

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    • kibiz0r@midwest.social ⁨1⁩ ⁨month⁩ ago

      Like AI companies care about business ethics

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  • jj4211@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Same way a lot of the “ai” companies make money, investors that have no idea but want to get in on the ground floor of the next nVidia or openai.

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    • Zos_Kia@lemmynsfw.com ⁨1⁩ ⁨month⁩ ago

      No they play a different game and leverage hardware. Most probably they’ll buy H100s instead of ASIC and run AI inference on that. It turns out that inference can be pretty profitable if you have good utilization and don’t need to train your own models.

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  • 6nk06@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

    Subscriptions for waifus?

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  • 0ndead@infosec.pub ⁨1⁩ ⁨month⁩ ago

    TFW when you realize AI is bullshit

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• real_squids@sopuli.xyz ⁨1⁩ ⁨month⁩ ago

  Hey now, at least bitcoin has it’s uses. And if you have a farm for it I doubt you’re scamming on the side, that’s risky.

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  • kameecoding@lemmy.world ⁨1⁩ ⁨month⁩ ago

    AI has more uses than Bitcoin, the fuck is this circlejerk, lmao

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  • 0ndead@infosec.pub ⁨1⁩ ⁨month⁩ ago

    Sure it does

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    • Psythik@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Bitcoin saved me from losing everything. You’d have to be a god damn fool to claim that it doesn’t have its uses. Investing when bitcoin was worth $19K was the smartest decision I ever made. You’ll never convince me that it’s a scam.

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