Canadian crypto miner HIVE Digital Technologies wants to use Ordinals in one of its AI initiatives, inscribing generative art on Bitcoin’s blockchain with the help of old Ethereum mining rigs.

HIVE CEO Aydin Kilic described the project as an exercise in technical prowess for one of crypto’s largest miners. He told Decrypt that Ordinals provides a new way for the firm to use its fleet of data-center-grade Nvidia GPUs, which it’s been using to mine altcoins after Ethereum switched to proof-of-stake during the “merge” and made miners obsolete.

“We will create generative AI art with our own GPUs, on our own fine-tuned model of Stable Diffusion, […] and then use our hash power on the Bitcoin network to inscribe those on the Bitcoin blockchain,” he said.

Ordinals launched earlier this year, and the buzzy Bitcoin protocol has led to a wave of innovation with crypto’s oldest coin. As a way for people to create NFT-like assets on Bitcoin by “inscribing” data on individual satoshi, equal to 1/100,000,000 of a whole Bitcoin, Ordinals has also been a significant windfall for Bitcoin miners that benefit from elevated transaction fees.

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Author: André Beganski

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