Dega Ardani on Nostr: The transition was accelerated by the Ethereum network's shift from a proof-of-work ...
The transition was accelerated by the Ethereum network's shift from a proof-of-work to a proof-of-stake mechanism in 2022, which diminished the profitability of mining for Hive. The company has repurposed its Nvidia graphic processing units (GPUs), originally acquired for mining, to support AI applications. This strategic move not only aligns with market trends but also aims to bolster Hive's balance sheet by integrating green-mined Bitcoin into its operations
Published at
2024-10-01 10:50:49Event JSON
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