Note that it was this transition that almost instantly destroyed the demand for video cards that were once used to verify transactions.
Now, mining companies like Hive Blockchain and Hut 8 Mining are finding ways to reuse their GPUs for another industry: artificial intelligence.
For example, an AI breakthrough that requires massive amounts of computing power represents the kind of transformation opportunity miners have been looking for since the Ethereum issues.
The Hut 8 representative said HPC businesses generated approximately $16.9 million in 2022.
At the same time, not all cryptocurrency miners can benefit from this AI boom. According to Bitpro Consulting, only 5% to 15% of existing cryptocurrency-focused GPUs can be reused for artificial intelligence.
Source: Ferra
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