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

• BlueKey@fedia.io ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ 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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      • uninvitedguest@piefed.ca ⁨2⁩ ⁨months⁩ ago

        This is the level of pedantry I can get behind.

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      • Afaithfulnihilist@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

        Also, If I understand it correctly it’s also called this because caulking requires jamming pitch soaked rope into the joints so it’s still about rope!

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      • MelodiousFunk@slrpnk.net ⁨1⁩ ⁨month⁩ ago

        Username checks out.

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  • HakFoo@lemmy.sdf.org ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ ago

    Yeah there’s lots of open providers like this.

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• ZoteTheMighty@lemmy.zip ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ ago

  OpenRouter is a marketplace for AI inference

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• Ludicrous0251@piefed.zip ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ ago

    Investors keep trusting noted crypto grifters with money.

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  • kibiz0r@midwest.social ⁨2⁩ ⁨months⁩ ago

    Like AI companies care about business ethics

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• jj4211@lemmy.world ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ 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 ⁨2⁩ ⁨months⁩ 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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