Miners of the first cryptocurrency are exploring new lines of business in anticipation of halving the reward for a mined block from 6.25 BTC to 3.125 BTC. This is reported by The Block with reference to a report by JPMorgan.
Analysts believe that it may become profitable for miners to provide computing services in the rapidly developing artificial intelligence market.
After the transition of the Ethereum network to the Proof-of-Stake consensus algorithm, a lot of GPUs appeared on the secondary market, experts noted. In their opinion, former miners of the second-capitalization cryptocurrency will also pay attention to the AI industry.
“With the rapid growth of AI, the increased demand for high-performance computing opens up a new and possibly more profitable way to utilize GPUs previously used in Ethereum mining,” JPMorgan wrote.
The report said that tests conducted by miners to provide computing power showed high profitability – higher than from bitcoin mining.