Bitcoin

Steve

<p>A convergence of Bitcoin mining and AI is bringing about a new industrial revolution beyond just speculative financial play. This synergy not only appeals to institutional players but also reaches unbanked populations worldwide. During a roundtable discussion by Rob Nelson and Steve Gutterman, CEO of Gryphon Digital Mining, they discussed how Bitcoin and AI would shape the economy and technology going forward.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=A+New+Frontier+-+Bitcoin+Miners+Dive+into+AI+for+the+Next+Industrial+Leap" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="size-full wp-image-24462 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1.jpg" alt="Qubetics is 728x90 1" width="728" height="90" title="A New Frontier - Bitcoin Miners Dive into AI for the Next Industrial Leap 52"></a></p> 
<h2 id="bitcoin-a-universal-asset">Bitcoin – A Universal Asset</h2> 
<p>It is a risky asset because Rob Nelson began the article by stating the risks involved in Bitcoin but very quickly mentioned that the benefits covered the risks for the richest and hundreds of millions worldwide who have no banking systems. “Bitcoin makes sense for the richest people in the world as well as for hundreds of millions of unbanked people around the world,” Nelson stressed, referencing its versatility as a universal asset. That duality speaks to financial empowerment at different levels of economic strata.</p> 
<p><img loading="lazy" decoding="async" class="size-full wp-image-27585 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Bitcoin-A-Universal-Asset.webp" alt="Bitcoin - A Universal Asset" width="1792" height="1024" title="A New Frontier - Bitcoin Miners Dive into AI for the Next Industrial Leap 53" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Bitcoin-A-Universal-Asset.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Bitcoin-A-Universal-Asset-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Bitcoin-A-Universal-Asset-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"></p> 
<p>Nelson joined Steve Gutterman, and they mentioned the similarity in background regarding extensive work in sectors that experienced high growth levels with Gryphon’s mission. Gutterman is accustomed to online financial services and cannabis and knows how to deal with the challenges of cryptocurrency and AI segments well. “My career has really been around high-growth companies in high-growth industries,” Gutterman said, and his previous roles may seem to have laid a foundation for Gryphon’s aspirations toward Bitcoin mining and AI computing.</p> 
<h2 id="the-transformational-potential-of-bitcoin-and-ai">The Transformational Potential of Bitcoin and AI</h2> 
<p>During the discussions, Gutterman shed light on the transformational natures of the innovations centring on his discussions. According to Gryphon, initiatives that he executes are “transformational things,” especially concerning <a href="https://www.msn.com/en-us/money/markets/how-bitcoin-miners-are-leaning-into-the-ai-race-to-power-a-new-industrial-revolution/ar-AA1tuNBk?ocid=finance-verthp-feeds" target="_blank" rel="noopener nofollow">Bitcoin mining and AI</a> computing domains. Shifting concerns about holding money and conducting work will bring changes comparable to the beginning of an industrial era, according to their elaboration. “It’s not hyperbole to say that the transformations in how we hold currency and the transformations in how we work… are maybe the biggest since the advent of the industrial era,” he said, underlining the monumental change on the horizon.</p> 
<p>This is no longer a hypothetical change, but it is driven by the growing need for computational capacity in an AI-driven marketplace. Bitcoin mining, often performed using vast amounts of high-performance computing, allows Bitcoin miners to transition into applications of AI. The impact of AI has created the need for vast data processing capabilities that Bitcoin miners can exploit for new revenue opportunities while sustaining the emerging AI industry.</p> 
<h2 id="a-competitive-landscape-for-bitcoin-miners">A Competitive Landscape for Bitcoin Miners</h2> 
<p><img loading="lazy" decoding="async" class="size-full wp-image-27582 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/A-Competitive-Landscape-for-Bitcoin-Miners.webp" alt="A Competitive Landscape for Bitcoin Miners" width="1792" height="1024" title="A New Frontier - Bitcoin Miners Dive into AI for the Next Industrial Leap 54" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/A-Competitive-Landscape-for-Bitcoin-Miners.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/A-Competitive-Landscape-for-Bitcoin-Miners-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/A-Competitive-Landscape-for-Bitcoin-Miners-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"></p> 
<p>However, it is not easy. In the AI space, there is an increasingly competitive environment Bitcoin miners are facing while trying to set up profitable partnerships. According to JPMorgan analysts, Bitcoin miners have a limited window in which to strike favourable deals with hyperscalers and AI startups that have more significant funding. According to The Block, analysts Reginald L. Smith and Charles Pearce recently estimated that select miners have about nine months to consummate the agreements. “We think select miners have about nine months to sign good deals with a few hyperscalers/AI startups, with data centre applications sitting idle and waiting to get approved or gain access to a grid connection,” they said.</p> 
<p>This window of opportunity underlines the imperative for miners to innovate and adapt. Bitcoin Miners will become part of a new industrial landscape that values cryptocurrency and advanced computing technologies, allowing them to align their capabilities with AI’s needs.</p> 
<p>A typical illustration comes in the dialogue between Rob Nelson and Steve Gutterman, wherein we discover a defining moment of a great evolution – both with respect to Bitcoin and AI. Two such forces seem promising for a new era regarding economic growth and technological evolution. Bitcoin Miners, having already developed all infrastructure and the corresponding competence, would therefore form key points in the transition towards something from traditional finance and, thus, a future related to the digital economy. This intersection holds great promises of financial returns but still offers a means to bring the unbanked on board, which is a very vital step toward a more inclusive world economy.</p> 
<p>Stay connected with <a href="https://www.turkishnyradio.com/" target="_blank" rel="noopener">TurkishNY Radio</a> by following us on <a href="https://x.com/TNYR_News" target="_blank" rel="noopener nofollow">Twitter </a>and <a href="https://www.linkedin.com/company/turkishny-radio/" target="_blank" rel="noopener nofollow">LinkedIn</a>, and join our <a href="https://t.me/tnyr_news" target="_blank" rel="noopener nofollow">Telegram</a> channel for more news.</p>

A New Frontier – Bitcoin Miners Dive into AI for the Next Industrial Leap

Table of Contents

TNYR

Other articles published on Nov 6, 2024

NVIDIA Outshines Apple: AI Mastery Redefines Market Leadership

Cetus Protocol (CETUS) Jumps 59% on Binance Partnership News

Cardano (ADA) And Ripple (XRP) Falter With Massive $55 Million Investor Dump To Buy WallitIQ (WLT...

Bitcoin, Dogecoin, others soar high after Donald Trump’s early lead, victory

Join the Top 1% of Web3: VAP Group Presents Global Blockchain Show in Dubai

Elizabeth Warren Wins Massachusetts Senate Seat In Landslide Victory Over Pro-Crypto Rival John D...

Join our free newsletter for daily crypto updates!