One for the Tree Huggers.30 Nov 2023 18:30
Given we have been told that Bitcoin is both an energy and water hog. What happens when you layer AI on top of it?
https://thoughtsofprogress.wordpress.com/2023/11/29/an-open-letter-to-ecosia/
"The evidence for the negative environmental impacts of LLMs is significant and expanding. OpenAI, which is explicitly mentioned in the blurb for your AI chat feature, uses hundreds of tons worth of carbon for each run of its training of GPT models, and even more ‘lightweight’ model training can be the equivalent of tens of flights’ worth of carbon emissions. [See here] As demand for higher-parameter models expands by orders of magnitude, this has caused power consumption to jump likewise. [See here] Even besides the direct carbon dioxide emissions from power consumption, data centres required for LLMs and similar technologies to function are having significant ecosystem impacts, especially in their very high water consumption which is already impacting communities in many parts of ther world. [See here]"
In as much as QBT have completely failed to give any reasonable insight or proof into the efficiency gains they claim have they also considered the impact of their AI models. It would be rather silly if they made Bitcoin supposedly more efficient by shunting an equally inefficient engine up its back end.
Of course when presented with such a question the average knuckle scraper on this forum will start filling out their Bingo Card and of course environmental considerations pale into insignificance as long as your baby burning company multibags.
Perhaps FG can tweet a car video analogy explaining why his AI boosted Bitcoin is not a zero sum waste of everyone else's time other than to redirect some of the flow of cash into QBT shareholders pockets.
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