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?

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.

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.

This is why data centers are starting to burn fossil fuels on site behind the meter for power. Including using diesel generators.

@angry_impala .. thats their business. i needed a card. :|

Adapt to the worlds problems.

Don't adopt them.

[delayed]

[delayed]

Bitcoin proper, yes. But not Ethereum; that bubble didn't pop until 2022-ish. The hardware constraints of ASICs made them useless around 2020, causing yet another surge of GPU usage.

I remember there being a run on GPUs during Covid for whatever blockchain nonsense was going in then