Re:Digital collectibles / NFTs on Instagram are winding down
by inconceivable on Sunday April 09, 2023 @08:50AM
(#35502243)
the people writing this FUD have never seen the inside of a datacenter or understand how anything really works. they're just FUDsters, professional shit-stirring stooges. it doesn't matter if the tech in question is total garbage or the next coming of the internet.
Re:Digital collectibles / NFTs on Instagram are winding down
by seadan83 on Sunday April 09, 2023 @11:13AM
(#35503490)
It's a flawed argument. Consider the profit equation (revenue minus costs). The argument ignores that crypto is designed to have a minimum in cost (and that minimum is high). For most other computing applications, compute cost is just a cost and does not have a fixed lower bound. In other words, crypto is designed to be an energy use competition, AI is not.
If the dreams of companies making large sequence models do come to pass, and they really do scale up to where training and running large sequence models is a significant portion of world electricity usage, then of course it becomes a real problem, but the same would be true for any large electricity-intensive industry.