Hacker News

points by dlubarov 3 hours ago | 0 comments

Well, not exactly. A malicious majority of miners could rewind the chain as they please. They could indirectly steal some funds by undoing certain transfers, but they couldn’t just directly reassign funds to themselves.

[–] dididi27484sd 2 hours ago

Has anyone calculated the mining capacity of the AI data centre buildouts? Presumably the big firms could out-mine mining firms if they chose to?

[–] trevinhofmann 2 hours ago

Absolutely not, as GPUs used in data centers cannot compete with ASICs designed specifically for Bitcoin mining.

The Bitcoin mining network is somewhere around 1000 EH/s, while the (AI assisted research ahead) 34.5 million H100-equivalent GPUs globally would yield about 0.435 EH/s. They'd represent less than 0.05% of the Bitcoin network.

[–] ashkankiani 1 hour ago

That's only if they target Bitcoin and not some other coin which doesn't have an ASIC and has a GPU-friendly hash.

[–] 0c3ca83 1 hour ago

If they had built out the same number of ASICs and GPUs, what you said would make sense.