The article discusses the potential of using artificial intelligence (AI) to optimize the energy consumption of Bitcoin mining, which is known for its high energy demands. The key points are: 1) Bitcoin mining currently consumes an estimated 150 terawatt-hours of electricity annually, more than many countries. 2) Researchers at Stanford University have developed an AI system that can predict the most energy-efficient way to mine Bitcoin, potentially reducing energy consumption by up to 25%. 3) The AI system analyzes data on energy prices, mining difficulty, and other factors to determine the optimal time and location for mining operations. 4) By dynamically adjusting mining activities based on the AI’s recommendations, miners could significantly reduce their energy costs and carbon footprint. 5) While AI cannot solve all the environmental concerns around Bitcoin mining, it offers a promising approach to making the process more sustainable and energy-efficient.
Source: https://time.com/6993603/ai-bitcoin-mining-artificial-intelligence-energy-use/