Crucible founder: AI has become more profitable than Bitcoin for computing infrastructure
- —Demirors: trillions of dollars in capital are going to AI, not Bitcoin mining
- —Examples: CoreWeave started with Ethereum mining, Crusoe mined BTC on associated gas
- —Outflow of miners to AI and HPC called a real risk to Bitcoin's security
- —Difficulty adjustment allows the network to adapt to the outflow of hashrate
Why it matters: The outflow of hashrate to AI infrastructure could weaken Bitcoin's network security, but the difficulty mechanism smooths the effect.
Source: ForkLog