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85%  
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  • Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave

    07/22/2024 1:15:43 AM PDT · by Oscar in Batangas · 24 replies
    CNBC ^ | JUL 18, 2024 | MacKenzie Sigalos
    ... In the next one to two years, Needham analysts estimate that large publicly traded bitcoin miners are expected to more than double power capacity, including both their mining and HPC business expansion plans. The Electric Power Research Institute estimates that data centers could take up to 9% of the country’s total electricity consumption by 2030, up from around 4% in 2023. Tapping into nuclear energy is seen by many as the answer to meeting that demand. ...