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A good in depth mkt analysis. While it’s not crypto, many of the key points are rinse and repeat of mining - things like insatiable demand and projected ROI. Ma
by ctrlGsysop 2y ago
A good in depth mkt analysis. While it’s not crypto, many of the key points are rinse and repeat of mining - things like insatiable demand and projected ROI. Markets and tech solve high costs all the time. Great point made about the $4/hr number that was most likely a top bullet in a 1000 pitch decks citing NVIDIA. Bagholders could just be all the nations buying all the billionaire’s stories.
- bugbuddy 2y agoThere is one big exception in the list of all nations. I don’t know what to make of it. Irony?
- wmf 2y agoYeah, I did this same kind of math all the time back during the early ASIC mining days except it was accelerated; you had to break even in 9 months or never due to the exponentially growing difficulty.
- pico_creator 2y agoYea, the older GPU providers, were pushing 3-5 year commits for a reason. They seen this before
- aurareturn 2y agoThe only difference is that LLMs have a real world value.