Looking at GPU prices today, this is an understatement.
My finances are in crisis.
You know whos winning ... the bitcoin miners retiring unprofitable cards, if they still have them.
Good job guys.
angry_impala•37m ago
Yeah, but how logical is that when you don't even have the electrical grid capacity to turn on all the GPUs that have already been bought?
Kevin_Flynn•34m ago
I would think if they were mining with them before, they had the capacity at that time.
After bitcoin halfed enough, the electricity cost more for the miners.
Now with the AI boom, people are paying premium prices for low end cards, because they run AI tasks exponentially faster than CPUs do.
So the electrical load that was once centralized at the mining site, gets distributed.
Being able to schedule your AI agents to work during off peak electrical prices, and sleep during peak pricing, seems to be a stablizing factor for the grid.
Im talking about the used video card market.
Not the billion dollar data center market.
Prices are up 35% in the last 3 months alone, and I just paid way too much for a RTX 5060 Ti 16GB for the ram.
angry_impala•29m ago
I get it, I'm just saying when people point to GPU prices as some sort of proof this is all logical, it's actually the place where the logic begin to unravel the most blatantly. They have more GPUs then they will be able to plug in for at least a few years.
Kevin_Flynn•27m ago
@angry_impala .. thats their business. i needed a card. :|
Adapt to the worlds problems.
Don't adopt them.
duskwuff•20m ago
"May be"? I think everyone sees this one coming.
dyauspitr•8m ago
Not until one of the major AI companies says they’ve hit a limit for intelligence for models.
MengerSponge•19m ago
May? I'm pretty sure there's a crisis coming one way or the other, but the crash happens only when they fail to make God In A Box.
0c3ca83•18m ago
It could be worse. There's a chance they succeed.
obscurette•9m ago
I'm pretty sure that the worst things will not come from AI/tech, but from other things – education freefall, population crisis, pension system collapses in Europe etc. If at all, AI and the current situation in tech is one of last false hopes to ignore all this.
I came across https://www.youtube.com/watch?v=q2nA2szz8dY a few days ago from during the financial crisis, and the things he listed as the four causes all apply here too just replace Property Developers with businesses adopting AI as part of the hype cycle. The debt and capital markets have their part to play this time too, just not the primary problem. But the ingredients are all still there for AI.
xlayn•5m ago
Goverment regulation... when goverment has regulated wall street and banking industry no issues... as soon as "we will let them regulate, no mam, door plugs will not start failing on airplanes..." things go south.
Kevin_Flynn•39m ago
My finances are in crisis.
You know whos winning ... the bitcoin miners retiring unprofitable cards, if they still have them.
Good job guys.
angry_impala•37m ago
Kevin_Flynn•34m ago
After bitcoin halfed enough, the electricity cost more for the miners.
Now with the AI boom, people are paying premium prices for low end cards, because they run AI tasks exponentially faster than CPUs do.
So the electrical load that was once centralized at the mining site, gets distributed.
Being able to schedule your AI agents to work during off peak electrical prices, and sleep during peak pricing, seems to be a stablizing factor for the grid.
Im talking about the used video card market.
Not the billion dollar data center market.
Prices are up 35% in the last 3 months alone, and I just paid way too much for a RTX 5060 Ti 16GB for the ram.
angry_impala•29m ago
Kevin_Flynn•27m ago
Adapt to the worlds problems.
Don't adopt them.