Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Phát Nguyễn on May 15, 2024, 06:08:07 AM
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I just read a report from CoinShares indicating that miners are now targeting AI tokens! Due to the Bitcoin halving, their mining costs have nearly doubled, making Bitcoin mining less attractive than before.
As a result, some major players like BitDigital (BTBT), Hive (HIVE), and Hut 8 (HUT) have begun transitioning to AI mining. Other miners, such as TeraWulf (WULF) and Core Scientific (CORZ), are also planning to enter the AI sector soon. This shift will encourage both investors and traders to focus on AI tokens, accelerating their growth more than ever.
How Can Traders Profit in the Post-Bitcoin Halving Era?
If we choose major AI tokens like FET or AGIX, it might be challenging to profit because these large projects already have significant involvement from big investors, making it tough for smaller traders to earn substantial gains.
Instead, I think it’s more feasible and safer to hunt for presales or IDOs like AURUMT during this period. This strategy offers a better chance to make money in the current market conditions.
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How Can Traders Profit in the Post-Bitcoin Halving Era?
If we choose major AI tokens like FET or AGIX, it might be challenging to profit because these large projects already have significant involvement from big investors, making it tough for smaller traders to earn substantial gains.
Instead, I think it’s more feasible and safer to hunt for presales or IDOs like AURUMT during this period. This strategy offers a better chance to make money in the current market conditions.
There are many means in which miners can make money, this does not have to be that they earn from a single source, aside the mining reward, the earn block rewards in a form of transaction fees, also they will have to depends on some implementations and developments as we had in ordinals and the like on the crypto networks, all these they make profits from even though not on a fixed rate.
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As a result, some major players like BitDigital (BTBT), Hive (HIVE), and Hut 8 (HUT) have begun transitioning to AI mining. Other miners, such as TeraWulf (WULF) and Core Scientific (CORZ), are also planning to enter the AI sector soon. This shift will encourage both investors and traders to focus on AI tokens, accelerating their growth more than ever.
What does mining using AI mean? Could you explain more on this point? It seems incomprehensible to me how mining can be done using AI.
Mining hard coins such as Bitcoin requires mining devices (ASIC) that have processors with high hashes, consume a lot of energy, need cooling, etc. So I do not know how to benefit from artificial intelligence in this field?
If you mean that they go to invest in AI currencies, then this is possible, but otherwise I still understand how they can benefit from AI in mining?
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How Can Traders Profit in the Post-Bitcoin Halving Era?
If we choose major AI tokens like FET or AGIX, it might be challenging to profit because these large projects already have significant involvement from big investors, making it tough for smaller traders to earn substantial gains.
Instead, I think it’s more feasible and safer to hunt for presales or IDOs like AURUMT during this period. This strategy offers a better chance to make money in the current market conditions.
We are not sure yet if what you heard is true. I agree that miners costs was nearly doubled after the halving because they only get half of their previous rewards. But it doesn't mean that miners will target AI tokens because there are many good tokens to mine other than that AI. If you're having a problem about investing in a coin that already have investors involved, you should be worry to a coin that has low marketcap with only few investors involved.