OpenAI's ChatGPT's energy use will fall flat, say researchers

OpenAI's ChatGPT's energy use will fall flat, say researchers

AI may be absorbing the heat directed at Bitcoin as a result of electricity consumption and environmental harm, since OpenAI's ChatGPT rose to prominence late last year.

According to Hive Digital Technologies, a firm with its feet planted in both industries-such concerns will prove just as overblown for the former as it did for the latter.

We'll see apocalyptic predictions about AI's energy use fall flat, said HIVE Research director Adam Sharp on Monday. By 2020, Newsweek's prediction that Bitcoin would consume 100% of the world's energy was an example.

The first to secure the blockchain that immortalizes every Bitcoin transaction, while the second to process user requests and make other complete calculations requires energy-intensive computer equipment to function, as Bitcoin and AI require energy-intensive computer equipment to operate.

There was a Gizmodo article in May suggesting the cooling systems needed to support ChatGPT's AI amounts to dumping a large bottle of fresh water out on the ground for every average conversational exchange with the chatbot. Last week, coinMetrics founder Nic Carter criticized this measure's inaccurate 'per transaction energy cost'metrics used to exaggerate Bitcoin's power consumption.

HIVE, which has a longer history of mining Bitcoin, is now entering high-performance computing by leveraging its existing data centers and old Ethereum mining rigs for the job.

He added that HPC providers are determined to look for sources of renewable energy to power operations. In Bitcoin, a growing body of literature shows that more than half of the sector could be powered by sustainable energy, making it one of the most environmentally friendly industries on the planet.

When asked whether AI's growth might lower Bitcoin's hash rate as miners change business models to accommodate the industry, the researcher said: 'It's possible. limits on the supply of NVIDIA GPUs available, and the time required to transition business models will likely limit how fast Bitcoin's network security can drop.

'I think we have to worry about the hashrate falling to dangerous levels,' he said. ''Obama's probably too much hashrate operating, and even more coming online.