pull down to refresh

181 sats \ 2 replies \ @gollum47 18 Jun \ on: I’m Rapha Zagury, CEO and Founder of Elektron Energy. AMA starts at 11am EST. AMA

In a Bitcoin Park article from a while back, they quoted you saying 'Bitcoin is a significantly less risky business than AI HPC."

Can you explain this a little bit or has your thinking on this changed at all?

write
compose
424 sats \ 1 reply \ @alphazeta OP 18 Jun

I truly believe the risks on AI/HPC are mostly miss priced. A few points:

  1. Much higher capex needs than BTC mining. The capex is much heavier per MW.
  2. Technology is just emerging. AI will see their version of CPU => GPU => ASICs.
  3. In AI you sign contracts in fiat. In BTC mining you get the best savings technology ever invented. (of course you could always buy BTC with AI revenue).
reply
10 sats \ 0 replies \ @alphazeta OP 18 Jun

AI will go through this in its own way (but it will be a combination of software and hardware disruption)

reply