Comment by trevinhofmann
12 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.
That's only if they target Bitcoin and not some other coin which doesn't have an ASIC and has a GPU-friendly hash.
If they had built out the same number of ASICs and GPUs, what you said would make sense.