I don't understand how you could compare crypto, which has no utility and no fair value, with AI which is used by hundreds of millions of people every day to achieve real outcomes.
"GPU compute powering crypto for the last decade..."
I keep hearing this lately. Also, that GPU compute has been re-purposed from crypto to AI.
I had the impression that crypto was powered by ASICs for the last... many years. And that was why GPU mining (let alone CPU mining) was not profitable
Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure https://www.cnbc.com/2026/08/11/riot-platforms-signs-anthrop... "But with the growth of AI, and against the backdrop of a prolonged slump in cryptocurrency prices, most publicly traded bitcoin miners are increasingly valued by investors as owners of digital infrastructure rather than producers of bitcoin, given their power capacity, data center assets and energy contracts."
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Or, the Meta-Verse. Yeah, that really took.... Off.
"You read my blog so now show me your utility bill" is... an interesting argument.
I keep hearing this lately. Also, that GPU compute has been re-purposed from crypto to AI.
I had the impression that crypto was powered by ASICs for the last... many years. And that was why GPU mining (let alone CPU mining) was not profitable