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    BlackRock warns crypto’s love affair with AI is over as an energy war with Bitcoin miners begins
    Cryptocurrency

    BlackRock warns crypto’s love affair with AI is over as an energy war with Bitcoin miners begins

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    9 Comments

    1. coinfeeds-bot on

      tldr; BlackRock warns that the growing energy demands of AI data centers could significantly impact the crypto industry, particularly Bitcoin mining. AI data centers are projected to consume up to 24% of U.S. electricity by 2030, creating competition for grid access. While Bitcoin miners have relied on flexible energy usage, AI requires constant power, leading to potential conflicts. Miners may need to adapt by integrating with grids or pivoting to hosting AI infrastructure, as the era of cheap and abundant energy ends.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    4. MrFyxet99 on

      The oil industry in Venezuela is one of the most heavily laden with natural gas.Nat gas will be the bridge for power until nuclear comes online and becomes mainstream.Oil in Venezuela is irrelevant , nat gas is key.Data centers will switch to self generation at some point.Solar,wind and all that bullshit is far too weak and unreliable.

    5. Available_Win5204 on

      What a dumb fucking article trying so hard to bend a report about AI into sounding like a notable company commented on crypto or bitcoin. It did not. Such desperate and pathetic bag holder behavior from the Bitcoin community

      We should ban posters like op who deposit this slop in here. 

    6. Kontrav3rsi on

      Gee, I’m sure there isn’t a coin that was made for low energy consumption, security and liquidity…

    8. Responsible-Laugh590 on

      So crypto is done for? AI actually provides useful benefits and the big companies have already chosen that’s the route we are taking.