Citadel AI Protocol — Bitcoin Mining With Artificial Intelligence

DefiLife
5 min readFeb 6, 2023

AI or Artificial Intelligence is starting to catch fire. The likes of ChatGPT and image generators like MidJourney and Dall-e are trending and most certainly going viral. With ChatGPT onboarding 100 million new users in only a matter of 1 month. It’s not difficult to understand why if you just spend 5 minutes prompting these bots and seeing the results.

In just the last week ChatGPT saved me time coding an entry form for my online Apple Watch giveaway from the HTML through to the PHP emailing me the submissions. I literally did not need to write a single line of code and it saved me hours.

The thumbnail in this article and for the video review I will do for the Citadel AI protocol was appropriately created by MidJourney, saving me an hour or two of time.

When you pair the likes of this kind of powerful AI combined with traditional crypto mining the machine learning algorithms can have a substantial effect on your mining results.

“Mining cryptocurrency is the process of using specialized computer hardware to verify transactions on a blockchain network and earn rewards in the form of new cryptocurrency.”

AI algorithms can analyze data from multiple sources, such as network traffic, temperature, and other performance metrics, to determine the most efficient distribution of resources within a mining pool. This can lead to improved efficiency, faster problem-solving times, and higher rewards for miners.

What is Citadel AI Protocol?

Citadel AI Protocol utilizes AI technology to revolutionize the crypto mining industry. By taking the traditional crypto mining hardware and implementing AI technologies the machine learning algorithms streamlines the process, improves efficiency in order to maximise profits.

The art of Bitcoin mining can be very much a hands on process, always making adjustments manually in order to find the optimal settings. What Citadel AI Protocol have developed over the last several months is the integration of machine learning to analyze data to make adjustments on the fly adjusting temperature, power consumption and hash rate for optimal settings to ensure the hardware is operating at peak efficiency. AI can be used to develop new mining algorithms and tools. AI algorithms can analyze large amounts of data, such as blockchain transaction records, to identify patterns and trends. This information can then be used to develop new and more efficient mining algorithms that can increase the speed and efficiency of the mining process.

By improving the performance of the mining hardware it reduces the risk of overheating, damage and downtime and increases the lifespan of the equipment in general.

The overall impact of AI on the crypto mining operation produces more profit and while still in the early stages is a game changer and will improve even more as the technology becomes more refined and more mainstream.

Overall the team states they have seen an improvement ranging between 15%-20% more profits since implementing the AI technology into their mining operations.

Furthermore for every $25,000 staked into the protocol the team will purchase more mining equipment, which in turn will increase the hash rate mining more crypto and increase the revenue.

Citadel Protocol Launch

The Citadel AI Protocol is set to launch on Wednesday 8th of February at 3pm UTC. Investors will be able to provide liquidity to the protocol in return of a healthy yield from the AI Bitcoin mining operations. The team is confident the protocol can provide a more efficient, profitable and sustainable form of staking for investors on their cryptocurrency holdings.

Citadel AI Protocol > https://citadelai.io/

Citadel offers the most sustainable yield protocol that is backed by real revenue from real business.

How Do You Invest

Citadel will have the option to deposit both BUSD and USDC onto the protocol. By connecting your MetaMask to Citadel using either BSC (BUSD)or the ETH (USDC) network you will be able to make a deposit. There is a deposit fee of 1% and the withdrawal fee is 0%.

At this stage there is no minimum deposit.

How Much Will My Investment Yield?

Your investment will return a variable rate on the yield because crypto mining results are not constant so your returns are very much dependent on the results from the AI crypto mining. The yield will vary between 4%-8% every reward period. A reward period is 10 days and the rewards generated during that period are dependent on the revenue generated from the mining.

The yield will vary between 4%-8% every reward period or 0.39%-0.78 per day

Lockup Periods and Rewards

When you deposit your initial funds those funds will be locked for 30 days and after the lock-up period is complete your funds will no longer generate yield. In order to re-activate generating yield again you will need to withdraw your funds and re-stake them (remember there is a 1% deposit fee) back onto the protocol.

Your yield rewards that you earn from your initial investment are available to withdraw at the end of each reward period, which is every 10 days.

Citadel AI Protocol is the first of its kind to integrate AI tech into the crypto mining industry and is paving the way for investors to get on board without the need for any experience or hardware installation required.

As the cryptocurrency market continues to grow and evolve, it’s likely that we will see more and more use of AI in cryptocurrency mining. With Citadel AI Protocol leveraging the power of AI for crypto mining at this early stage they are well ahead of the curve and the competition for a while to come. Citadel will likely stay ahead of the competition and continue to reap the rewards of this exciting and lucrative industry for years to come and to think of how you as an investor have the opportunity to be on board at this early phase is something that you may not want to pass up.

Citadel AI Protocol > https://citadelai.io/
CitadelAIApp Twitter > https://twitter.com/citadelaiapp
CitadelAI Telegram > https://t.me/futureofmining
Citadel Medium> https://medium.com/@citadelai

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DefiLife

Pivoting into the decentralised finance world. Crypto is the future and finding ways to supplement my earnings with passive income is my new passion.