BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Why Artificial Intelligence (AI) and Bitcoin Fit Perfectly

by Chiwuike Owunwa
Jan 2, 2023 - 12:00 am
in Blockchain
Why Artificial Intelligence (AI) and Bitcoin Fit Perfectly

On the 1st of January 2023, Ryan X. Charles, a former developer in Bitcoin’s ecosystem, believes that Bitcoin mining and AI modeling work perfectly together and can be profitable.

https://twitter.com/rxc_ai/status/1609498434876346368

The basis of BTC mining is the GPU or ASIC hardware. With the current inflation and Bitcoin’s design, alot of miners have dormant equipment that no longer operates at a profitable threshold. Yet, according to Ryan, this dormant equipment can be used to create and use AI models profitably.

Similar to the reasons behind Bitcoin’s creation, the decentralization of processing power would allow users to compete with huge centralized AI companies like google and OpenAI. Since these companies have access to huge amounts of processing power, users can create a marketplace to leverage idle GPUs.

According to him, it would be Airbnb for AI projects. Users can attach their GPUs to the project and earn passively for the AI projects deployed on their hardware. 

Currently, the crypto space has already been interacting with AI models and algorithms. There has been an introduction of AI trading platforms that manage, optimize, and trade efficiently. Bots that carry out trade arbitrages and control the level of risk for their users.

There are simple options like copy trading. These usually involve investing in strategies or signals provided by other professional traders. A simple process of emulating successful trades.

Thus, AI is already a major part of the crypto space.

In response to Ryan’s tweet, some users believe renting processing power as a service is a good idea. But they were quick to point out that it was attempted by Ripple back in 2012. Users could sign up their computing power, and depending on the CPU usage, they got XRP rewards. Unfortunately, the idea didn’t last, and a disparity between the parties involved crashed the project.

Not all responses were within the park, though. Some users believed that these AIs should not be trusted.

Guess what happens when the AI starts to buy up all the #Bitcoin…

$1,000,000 may be just the beginning.

— Dennis Porter (@Dennis_Porter_) January 1, 2023

Dennis Porter, the CEO, and co-founder of Satoshi Action Fund, is of the belief that these AIs could then just start buying Bitcoins. In his opinion, if these artificially intelligent models get smarter than us, they would be able to get funds and start buying out BTC. with the right amount of BTC, they would be able to control the prices of shit coins.

According to him, $1 million may just be the beginning.

Tags: AIBitcoinGPUXRP
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service