CandleFocus The Subtle Way AI Data Centers Boost Bitcoin Mining Economics
2024-11-20
Author: Content Editor
The rapid increase in the number of AI data centers may benefit the bitcoin mining industry. As both AI data centers and miners require cheap electricity, the competition for energy could establish a base price for hashprice, a crucial metric for miners. This would ensure that the value of computing power never falls below a certain threshold. However, some experts believe that miners may relocate to other countries where there is less competition from AI facilities. Despite this, there is a finite supply of cheap electricity, and AI data centers are more complex and costly to operate than bitcoin mines.
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