NEWS FROM THE FUTURE: Power struggle: crypto versus chatbots
Crypto miners and data centres optimised for AI both need huge amounts of electricity to feed their rigs
30 April 2024 - 05:00
April 25 2027: During the energy crisis of 2022, analysts were quick to point out that crypto mining, especially bitcoin, consumes as much electricity globally as a small country.
Before this, it was all about profit, with crypto mega-miners relocating to the places with the cheapest electricity to feed their power hungry rigs. But after the Nordstrom pipeline was cut and Germany turned to coal to keep the lights on, the debate shifted to climate impact and basic security of energy to bolster the economy. Bitcoin was the bad guy...
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