Owner of the Dallas Mavericks team, billionaire investor Mark Cuban, commented on the effects of Bitcoin halving.
Mark Cuban stated that due to Bitcoin halving, “miners will have a harder time making money.” However, the billionaire is particularly interested in its relationship with the artificial intelligence sector.
Cuban said, “The most interesting question regarding Halving is the GPU market. Miners need more power. There is an unprecedented demand for these GPUs in the field of artificial intelligence. Will this disrupt the mining economy? Not just in terms of cost, but could using these GPUs to train models be a better business?”
Some cryptocurrency miners have entered the artificial intelligence sector in the last few years. However, Mike Ho, CSO of Hut 8, said that many miners are struggling in this area.
Cuban stated, “Only a few miners have succeeded because this is both not a complementary pivot and not as easy as it seems. The infrastructure required for mining is cheaper and unlike artificial intelligence, mining is a linear business where the customer is not involved.”
