AIGames -sdgoal 1 who's done most to end poverty with finance? - eg financial literacy curriculum....digital finance most populous bank designed by pro-poor foundation partners ...; tech is best chance to end poverty but where's AI Banking and eg green finance

Tuesday, February 22, 2022

 from bloomberg crypto

Chinese manufacturers have dominated the hardware market since Bitcoin mining first became a thing. Beijing-based Bitmain enjoys a lion’s share of the market and unparalleled pricing power. Intel’s entry into this market might just represent a jolt of competition miners have been longing for.     

In the meanwhile, the migration of the Bitcoin mining industry from China to North America is spurring more demand among miners for a local provider. Purchases from a U.S.-based company like Intel would be free of the 25% tariff on the imported machines from China. Given Intel’s customer services set up, miners might have better access to timely maintenance services needed to slow their rigs’ depreciation. 

Still, nobody yet knows much about Intel’s second generation chip’s power efficiency, which is a key factor in determining a mining machine’s profitability.

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