In the AI supremacy race, North America is now learning important Bitcoin lessons
The mining industry for the construction of large -scale infrastructure close to sustainable energy sources, according to serial entrepreneur Kevin O’Leary.
“Everything comes down to power,” said the star of “Sharktank” O’Leary in an interview. “Whether you are talking about an AI data center or you are talking about Bitcoin exploitation. And now we see that very often these projects are a bit of both.”
A very fortunate overlap between Bitcoin extraction operations and the requirements of the AI data center has become an area of interest for Washington, DC, DC decision -makers, and this pushes institutional investors to move in the best situations, said O’Leary.
For example, New York State, which did not initially have the right policy to move forward despite its abundance of hydroelectricity out of the network at Niagara Falls, “now tries to recover its mojo” with regard to Bitcoin Mining and IA, according to O’Leary.
“I think that some states, like New York and others, understood that these were well-paid jobs at the forefront of two new regulated industries, extraction and crypto of AI and Bitcoin. And they believe that one or another, they have missed,” he said.
These days, more desirable options are found in places such as Virginia-Western, North Dakota, Mississippi and Texas, said that O’Leary, which is a contributor to Bitzero, a Bitcoin Green Energy Extraction and Data Company with operations in North America, Norway and Finland. “Alberta, Canada is a good example because they have an abundance of natural gas at low cost and failed,” he said.
Promfort precession
Bitcoin minors have been forced to diversify their business in AI and Cloud Computing, because the recent reduction in half has reduced the mining awards by half, by tightening their beneficiary margin on an already super competitive market. Companies such as Core Scientific (Corz) introduced the intersection of mining and AI in the dominant current, and other minors such as Hive Digital
And Hut 8 have pivoted large amounts of their data centers in AI to diversify their income.
The wedding of bitcoin extraction and IA computers’ accommodation in data centers has become an easy way to carry out this diversification, as minors already use the massive quantity of electricity necessary to support the requirements of increasing data center quickly. (Only one chatgpt query requires 2.9 wattheures of electricity, against 0.3 watthers for Google research, according to the International Energy Agency.)
Méga-Wattage bitcoin extraction operations are generally located near the abundance of abundant energy with an electricity production of electricity production on a already built and executed industrial scale. This makes the modernization of Bitcoin mines with graphic processing units (GPUS) of a potentially attractive proposal – although AI data centers require much more infrastructure.
Price war ‘stupid’
O’Leary says he is optimistic when he speaks to the political decision -makers of the food of the BOOM of the AI, the American secretary in the interior Doug Burgum, the governor of Oklahoma, Kevin Stitt and the first Alberta, Danielle Smith. O’Leary, who is Canadian, says that Smith has drawn the attention of the Bitcoin extraction center and IA data center when it revealed that the province had 200 billions of cubic gases at hand.
This is why a tariff war between the United States and Canada is “stupid,” said O’Leary, stressing that China is preparing for “AI wars” by creating new electric factories on a weekly basis.
“We are not only talking about the extraction of bitcoin, this is the competitiveness of nations,” said O’Leary.
“We have to bring all this home, but our biggest problem is power. There is no more power on the domestic network. Nada. And therefore, if you want a gigawatt in any state, forget it. You must find a way to build this power yourself from natural gas or nuclear power or something else.”
Read more: AI is there, but that does not mean that bitcoin minors are finished
