Hive Digital Technologies CEO Aydin Kilic told Cointelegraph how blockchain and AI can be mutually beneficial in the early days of development for Web3.
“Our mining operations were really enhanced because of Ethereum mining. And when you're mining Ethereum, it's not like driving a Jeep, you're driving a Porsche and you it's a much more sensitive piece of machinery. You need 2 to 1 workers that you have for an ASIC,” he said.
These lessons were crucial for learning how best to pivot and ensure they were capable of having a broad enough scope of both product and technical know-how to take advantage of emerging technologies, Holmes explained.Instead of buying purely mining-focused chips, the team at Hive made the more expensive decision to purchase chips that allowed for dual processing — meaning that the firm could be mining at the same time it offered high performance computing.
“One of the things we were concerned about was Ethereum transitioning to Proof of Stake from Proof of Work. Initially, we thought it was going to take longer, but we said, okay, we're going to buy Nvidia chips. And we made this decision almost 18 months ago to go down the path of building out our High Performance Center site along with it.”“Our Bitcoin per exahash per month is amongst the highest in the industry.
"Gradually, decentralized trust will be accepted as a new and effective trust model. We have seen this evolution of understanding before - on the internet."
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