21st Century Black Gold: How RRMine’s Decentralized Computing Power Trade Is Leading The A.I. Revolution

For all of recorded history, Gold has been the standard for which value has been weighed against. Wars have been fought over it with countless lives shed as a result. With the technological progression of society, new forms of value have been realized. The birth of the industrial age in the 20th century brought about the need for various fossil fuels to power the first wave of automation which gave rise to electrical power and various engines such as those which powered cars, boats, and trains. In 2020, a new form of oil is quickly becoming the currency of the future, and it might not turn out to be a cryptocurrency after all.

Scaling of Artificial Intelligence projects like those of companies such as Apple, Amazon, Google, and IBM has been exponential since the beginning. According to MIT Technology Review, since 2012, the computing power that is required by AI is doubling every 105 days[1]. This need for and competition to build better AI among tech companies has created a need for computing power that the industry can’t keep up with. It is becoming more and more evident that computing power is potentially the most important and novel form of productivity in this digital economic era. With 2020 just starting, newly minted computing infrastructure is coming online to deliver the compute necessary to keep up with demands of this new techno-economic requirement.

To unlock the many new technological milestones ahead for humanity’s advancing society, computing power in and of itself has become a crucial fuel source for innovation. With computational velocity comes substantial progress in AI, graphics and visuals (AR/VR), advanced mobile networking (5G) and cryptocurrencies. The most energy intensive human innovation is artificial intelligence, which requires unfathomably large and data-rich calculations that require an equally unfathomable amount of calculational overhead to achieve. With AI at the forefront of 21st century innovation, it…

Source Link