Ethereum Co-Founder Vitalik Buterin Says Bitcoin (BTC) Mining Costs Split Nearly 50-50 With Power

Vitalik Buterin says Bitcoin (BTC) mining costs split nearly evenly between hardware and electricity, while AI inference spending goes almost entirely to hardware. The Ethereum co-founder's comments highlight a key difference in cost structures between crypto mining and AI compute, with implications for energy use and capital allocation in both sectors.