Vitalik Buterin compares Bitcoin mining and AI inference costs on X

Vitalik Buterin noted on X that Bitcoin mining costs are split roughly 50/50 between hardware and electricity, while AI inference is almost entirely hardware-dependent. He highlighted that miners and AI firms compete for the same power sites, but miners are more vulnerable to electricity price spikes due to their higher power share. Buterin's cost table shows Bitcoin mining at roughly $93,700 per coin, exceeding current price and JPMorgan's estimates, suggesting miners face cost pressures that AI operators do not.