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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

Monday, August 7, 2023

Bitcoin, Blockchain And Cloud Computing


To produce Bitcoin, one must use the computationally intensive blockchain algorithm.

And since computing resources are expensive, this can be done in the cloud.

Nowadays when one talks about Bitcoin and blockchain one means cloud computing. The cloud is ubiquitous and Bitcoin miners are using cloud computing intensively to mine Bitcoin.

Bitcoin, blockchain based mining is much more efficient and successful when done via cloud computing. Amazon AWS, Microsoft Azure and Google Cloud are benefiting immensely from Bitcoin mining.

Bitcoin and the cloud are here to stay by all accounts and they seem to grow together from strength to strength.

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