Artificial Intelligence

Bitcoin

when

<p class="is-style-lead">Bitcoin mining company Bitdeer is integrating high-performance computing and AI technologies while prioritizing transparency and vertical integration to revolutionize the mining industry.</p>
<p>With U.S. presidential candidate Donald Trump’s ambitious plans to <a href="https://crypto.news/trump-warms-up-to-bitcoin-signals-openness-to-regulation/" target="_blank" data-type="link" data-id="https://crypto.news/trump-warms-up-to-bitcoin-signals-openness-to-regulation/" rel="noopener noreferrer nofollow">mine all future Bitcoin in the U.S.</a>, Bitcoin mining has become a pivotal element in his bid for the presidency. Talks of crypto and Bitcoin mining are dominating political campaigns and procedures.</p>
<p>The marriage of Bitcoin mining with cutting-edge technologies like <a href="https://crypto.news/tag/ai/" target="_blank" data-type="link" data-id="https://crypto.news/tag/ai/" rel="noopener noreferrer nofollow">Artificial Intelligence</a> (AI) and high-performance computing (HPC) is reshaping the industry. Publicly traded miners are exploring these technologies to diversify revenue streams and ensure sustainable growth.</p>
<p>Bitdeer, a Singapore-headquartered Bitcoin mining company, has emerged as a standout in this competitive field. According to a recent Cantor report, Bitdeer is poised to become one of the largest miners globally, with plans to add 1,079MW of power to its data centers — enough to power nearly 900,000 homes or one large nuclear power plant. This expansion underscores Bitdeer’s ambition to become one of the biggest data centers in the world.</p>
<p>In an interview with crypto.news, Jeff LaBerge, Head of Capital Market &amp; Strategic Initiatives at <a href="https://crypto.news/bitcoin-miner-bitdeer-to-launch-570-mw-power-facility-in-ohio/" data-type="link" data-id="https://crypto.news/bitcoin-miner-bitdeer-to-launch-570-mw-power-facility-in-ohio/" target="_blank" rel="noopener noreferrer nofollow">Bitdeer</a>, gave insights into the company’s innovative practices and strategic initiatives.</p>
<h2 class="wp-block-heading" id="managing-conflicts-of-interest">Managing conflicts of interest</h2>
<p>LaBerge emphasized the importance of transparency when asked about potential conflicts of interest, especially with AI companies buying more and more mining companies.&nbsp;</p>
<p>AI companies purchasing Bitcoin mining equipment can lead to transparency flaws, as using these AI technologies in mining operations obscures ownership, use cases and control structures, complicating financials and potentially facilitating illicit activities.</p>
<p>“We believe that keeping our contracts and terms specific and transparent allows us to manage potential conflicts of interest,” LaBerge said. “Each of our hosting customers has a detailed contract that explicitly states the amount of electricity they are contracted to draw and the payment terms associated with that power.”</p>
<p>To ensure this transparency, Bitdeer independently manages and operates mining rigs for both self-mining and hosting services, monitoring each rig’s status to ensure accurate logs of utilization, hash rate, and power consumption.</p>
<h2 class="wp-block-heading" id="proprietary-vs-hosted-mining">Proprietary vs. Hosted Mining</h2>
<p>Bitdeer employs proprietary mining methods to boost efficiency and profitability. By utilizing various services in Bitcoin mining, Bitdeer can optimize resource allocation and reduce risks related to market volatility.</p>
<p>“Our diversified verticals in the Bitcoin mining segment, i.e. self-mining, cloud hashrate and hosting, allow us to mitigate volatility and facilitate growth during different cycles of the market,” LaBerge noted.&nbsp;</p>
<p>This diversification enables Bitdeer to maintain strong margins across various market cycles by leveraging different aspects of its operations.</p>
<p>Bitdeer aims to revolutionize the mining market with its highly efficient rigs, promising substantial energy savings—crucial for cutting miners’ largest costs. Its “SEAMLINER” technology roadmap shows its commitment to transparency, crucial for narrowing the crypto mining industry’s information gap.&nbsp;</p>
<p>Highlighting the advantages of vertical integration in rig design, LaBerge pointed out that Bitdeer produces the most efficient rigs on the market, which provides significant energy savings. “As a rig manufacturer, we have become the only truly vertically integrated public miner. This gives us a significant CapEx advantage over our competitors,” he said.</p>
<h2 class="wp-block-heading" id="ai-implementation-and-rd-focus">AI implementation and R&amp;D Focus</h2>
<p>Contrary to the assumption of <a href="https://crypto.news/how-nvidia-earnings-could-impact-crypto-ai-tokens-400-rally/" data-type="link" data-id="https://crypto.news/how-nvidia-earnings-could-impact-crypto-ai-tokens-400-rally/" rel="noopener noreferrer nofollow">increased operational costs due to AI</a>, LaBerge clarified that Bitdeer had not implemented AI as an enabling technology at their sites. Instead, the company focuses on improving the efficiency of computing hardware.</p>
<p>“We have not implemented AI as an enabling technology in our sites. Bitdeer is committed to improving the efficiency of the computing hardware used in our data centers and available on the merchant market,” he said. “25% of employees are dedicated to R&amp;D efforts, focused on chip design. We will continue to invest in R&amp;D as part of our core strategy as a vertically integrated technology company for blockchain and high-performance computing.”</p>
<h2 class="wp-block-heading" id="nvidia-s-computing-capability">Nvidia’s computing capability</h2>
<p>Leveraging <a href="https://crypto.news/nvidias-innovations-can-bolster-the-ai-crypto-sector-says-anamoly-ceo/" target="_blank" data-type="link" data-id="https://crypto.news/nvidias-innovations-can-bolster-the-ai-crypto-sector-says-anamoly-ceo/" rel="noopener noreferrer nofollow">Nvidia’s</a> computing capability, LaBerge emphasized Bitdeer’s transition to High-Performance Computing (HPC) data centers, backed by its cloud computing and data center development expertise.</p>
<p>Bitdeer’s use of Nvidia’s computing capabilities enhances their competitive edge. With over 2 gigawatts of contracted power, Bitdeer is well-positioned to capitalize on the burgeoning market opportunities ahead.</p>
<p>“Becoming the first preferred cloud service provider in Asia by NVIDIA in Q4 2023 is a testament to this expertise and capabilities in this space,” LaBerge said.</p>

Interview: How Bitdeer is navigating Bitcoin mining and AI integration

Obsah

crypto.news

Ďalšie články zverejnené 4. 7. 2024

VanEck’s Head of Research Explains Steps to Get a Spot Solana ETF Approved

Qubetics Whitelist Represents Crypto’s Future as Ondo and SingularityNet Struggle to Regain Inves...

Why Tether (USDT) on TRON (TRX) is Vital for Businesses Targeting Emerging Markets

Dogwifhat (WIF) open interest plunges 10%, Bearish sign or what?

Shiba Inu Faces Significant Decline in Whale Activity

Bitcoin Dips Below $58,000 Amid Market Volatility

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!