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

kubofhromoslav@lemmy.world ⁨4⁩ ⁨days⁩ ago

Crypto mining is (mostly?) total waste… Proof of Work by doing hard but useless calculations and using it as kind of currency is like travelers on a desert world use water as a currency - but by intentionally spilling it 🤦🏻‍♂️

Great cryptocurrencies does not need power hungry hardware. Eg. Nano (XNO) have a secure network error or using around 17 000 000 times less energy per transaction.

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