Billionaire Mark Cuban Talked About Bitcoin (BTC) Halving!
Will AI-powered GPUs disrupt the economics of Bitcoin mining?
Mark Cuban, the owner of Dallas Mavericks, one of the biggest basketball teams in the NBA, and the host of "Shark Tank", has a net worth of 840,000 as of last night. He said that Bitcoin (BTC) miners will be seriously affected by the fourth halving, which took place with the issuance of the block.
In his latest statement, the billionaire businessman stated that he is more interested in the potential impact of artificial intelligence in Bitcoin mining. Here are Cuban's statements on the subject:
Mark Cuban, the owner of Dallas Mavericks, one of the biggest basketball teams in the NBA, and the host of "Shark Tank", has a net worth of 840,000 as of last night. He said that Bitcoin (BTC) miners will be seriously affected by the fourth halving, which took place with the issuance of the block.
In his latest statement, the billionaire businessman stated that he is more interested in the potential impact of artificial intelligence in Bitcoin mining. Here are Cuban's statements on the subject:
âBlock halving will make it harder for Bitcoin miners to get paid. But I think the real interesting question regarding the halving is the GPU market.
Miners now need more power. AI has unprecedented plans for these GPUs.
Would this disrupt the economics of mining?
Not only from a cost perspective, but could it be a better business to use these GPUs to train mining equipment?
âThese questions will be an important cornerstone for Bitcoin mining.â
Apart from his speech about Bitcoin mining, Cuban also made a sentence about the BTC price and said, "I have no idea what the Bitcoin price will be in the coming period."
