In the course of AI -Overlord, North America is now learning important lessons from Bitcoin
Mining on building large -scale infrastructure close to sustainable energy sources, according to serial entrepreneur Kevin O’Leary.
“It all comes down to power,” said “Sharktank” star O’Leary in an interview. “Whether you’re talking about an AI data center or you’re talking about Bitcoin mining. And now we see that these projects are often a bit of both.”
A serendipithous overlap between Bitcoin mining and requirements for AI -Datacenter has become a focus area for Washington, DC decision makers, and that is to run institutional investors to hover in the best situations, O’Leary said.
For example, the New York State, which initially lacked the right policy to move forward despite its abundance of Hydro Power from the web in Niagara Falls, is now “trying to get his mojo back” when it comes to Bitcoin Mining and AI, according to O’Leary.
“I think some states, like New York and others, have found that this is high-paying jobs at the forefront of two new regulated industries, AI and Bitcoin Mining and Crypto. And they feel they have somehow missed,” he said.
These days are several desirable opportunities in places like West Virginia, North Dakota, Mississippi and Texas, said O’Leary, a backman for Bitzero, a green energy Bitcoin Mining and Data Center Company with operations in North America, Norway and Finland. “Alberta, Canada is a good example because they have an abundance of low costs, stranded natural gas,” he said.
Profit squeeze
Bitcoin mine workers were forced to diversify their business to AI and Cloud Computing as the recent halving has reduced the mining by half and pushed their merger margin into an already super -competitive market. Businesses like Core Scientific (Corz) has brought the intersection of mining and AI in mainstream and other miners such as hive digital
And Hytte 8 has turned large quantities of their data centers to AI to diversify their revenue.
The marriage of Bitcoin mining and host of AI computing in data centers became an easy way to perform this diversification, as miners are already utilizing the huge amount of electricity needed to support the rapidly rising data center requirements from AI. (A single chatgpt query requires 2.9 watt-hour electricity compared to 0.3 watts for a Google search, according to the International Energy Agency.)
Mega-watt Bitcoin mining is typically located close to abundant energy supplies with industrial scale-power production compound infrastructure that has already been built and run. This makes retrofitting Bitcoin mines with AI-drive graphics treatment devices (GPUs) a potentially attractive proposal AI data centers require much more infrastructure.
‘Foolish’ Customs War
O’Leary says he is optimistic when he speaks to decision makers about operating the AI boom, and Namecheck Commerce Secretary Doug Burgum, Oklahoma Governor Kevin Stitt and Alberta Premier Danielle Smith. O’LEARY, who is Canadian, says Smith caught the attention of Bitcoin Mining and AI data center industry when she revealed that the province has 200 trillion cubic foot gas right at the fingertips.
This is why a US-Canada customs war is “foolish,” O’Leary said, pointing out that China is preparing for “AI wars” by creating new coal-burning electrical plants on a weekly basis.
“We’re not just talking about Bitcoin mining, this is about the competitiveness of the nations,” O’Leary said.
“We have to bring all this home, but our biggest problem is power. There is no more power on the domestic grid. Nada. And then, if you want a gigawatt in any state, forget it. You have to find out a way to build this power even from natural gas or nuclear power or something else.”
Read more: AI is here, but that doesn’t mean Bitcoin -Mine workers are done
