Charles Hoskinson explains how to increase miners' income.

Cardano founder Charles Hoskinson suggested that mining companies could make their business more profitable by entering the artificial intelligence (AI) market.

In recent years, Bitcoin mining companies' revenues have been declining. This is driven by rising electricity costs, the decline of the crypto market, increasing Bitcoin mining difficulty, and the halving of the block reward for miners, which has been decreasing every four years. According to Hoskinson, this situation will change in the coming years thanks to advances in AI.

AI companies can use large data centers operated by mining companies. Miners have already invested heavily in energy infrastructure, cooling systems, and computing power. AI entrepreneurs could lease computing power from mining companies.

Cardano's founder revealed that he participated in a $200 million funding round for American Bitcoin, led by the US President's sons, Eric Trump and Donald Trump Jr. Hut 8 Mining is also involved with American Bitcoin. Hoskinson hinted that American Bitcoin could soon become a provider of computing power to AI companies.

Last year, Vishnu Patankar, CTO of crypto exchange Kraken, said that artificial intelligence could be a perfect fit for the crypto industry by simplifying account registration and token listing on crypto platforms.

Источник: cryptocurrency.tech