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It doesn't seem to me like that many miners have been unplugged. Hash rate is down a little from all time highs, but it's still quite close.
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I suppose we could link the sentiment of miners with bip110, ultimately we should see them signalling and as you say, there Isn't any.
Is that the beauty of viewing the protocol as an organism?
It's aliveIt's alive
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Mining hardware is too specialized to be repurposed for AI applications. At best, I would expect the logistical expertise to translate directly and this to be an additional business they could branch out into, but their investments into mining hardware would not translate.
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Aren't we seeing these military grade facilities dropping mining in favour of AI?
If a large enough player pivots over to the new thing, won't that potentially decentralize the pie?
Insert difficulty adjustment slash hashrate, when AI bubble bursts, they'll come crawling back 😳