Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Friday, April 7, 2023

Bitcoin In The Cloud

Essentially, Bitcoin's mining is done predominantly in the cloud.

All major technology companies are doing cloud computing these days. Apple's App Store, Microsoft's Azure, Google Cloud, Amazon's Cloud, IBM Cloud,  Amazon Web Services, META are all striving for cloud computing first.

Bitcoin and other cryptocurrencies are essentially a major driving force behind cloud computing. Bitcoin mining and other crypto production are very computationally intensive processes, they require powerful computers, that is.

And both small and medium entreprises and people rely on AWS, Microsoft's Azure, Google Cloud to produce computation.

So Bitcoin, crypto and cloud computing are mutually beneficial, each other self enforcing trends.

 

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Disclaimer: The above blog post is not an investment recommendation to buy or sell securities.

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