Dallas Mavericks owner and billionaire investor Mark Cuban commented on the effects of Bitcoin halving.
Mark Cuban said that due to Bitcoin halving, “miners will find it harder to make money.” However, the billionaire is particularly interested in its connection with the artificial intelligence sector.
Cuban said, “The really interesting question about halving is the GPU market. Miners need more power. There is an unprecedented demand for these GPUs in the AI field. Will this disrupt the mining economy? Can using these GPUs to train models be a better business than mining, not just in terms of cost but in terms of training the models?”
Some cryptocurrency miners have also entered the artificial intelligence sector in the past few years. However, Mike Ho, CSO of Hut 8, said that many miners are struggling in this area.
Cuban said, “Few miners have been successful because this is neither a complementary pivot nor as easy as people think. The infrastructure needed for mining is cheaper and unlike AI, mining is a linear moving business without the customer involvement.”
