Cryptocurrency influencer Ran Neuner sparked a debate Sunday by claiming that artificial intelligence has become a major competitor to Bitcoin (CRYPTO: BTC) mining.
Is AI Computing More Profitable Than Bitcoin?
Neuner stated in an X post that AI has “killed Bitcoin forever” by outbidding for electricity.
“Both industries compete for the same thing: electricity. And right now, AI is willing to pay much more for it,” Neuner added.
Neuner cited that while Bitcoin mining revenue per megawatt ranges from $57 to $129, AI data center revenue per megawatt stands between $200 and $500.
“Same electricity. But up to 8x more profitable. That’s why miners are starting to pivot,” they added.