5 ms·
The price on this will plummet over the next few years, the economic benefits are too large
by fdgsdfogijq 3y ago
The price on this will plummet over the next few years, the economic benefits are too large
- nr2x 3y agoYes, but physics trumps economics.
- moffkalast 3y agoThe economic benefits of mining asteroids are also too large to ignore yet here we are, levelling villages to dig for coal. Just a few manufacturers hold the effective cartel monopoly on LLM acceleration and you best bet they will charge out the ass for it.
- skybrian 3y agoI'm wondering what level you're thinking. Cloud vendors? GPU vendors? Fabs?
- moffkalast 3y agoGiven what's used right now to my knowledge, the main ones would be Nvidia's tensor cores, Apple's M chips and Google's cloud TPUs. All of that's TSMC I think?
- modernpink 3y agoMarket competition and innovation in both ML and hardware has consistently driven down the price of AI in the past decade. You only have to look at where we are with capabilities today compared to ten years ago when CIFAR100 classifiers were the state of the art. Barring a Chinese invasion of Taiwan, these APIs will halve in price over the next year.
- deleted 3y ago[deleted]
- moffkalast 3y agoWell here's to hoping I guess.
- ChatGTP 3y agoWhat would a Chinese invasion of Taiwan do to "tech", it sounds like it would be awfully catastrophic ? On the other hand, for all peoples worrying about China, they are pretty restrained given the enormous turmoil the invasion would cause. If they wanted to break the USA, now would probably be the time to do it?
- modernpink 3y agoWell for one thing the US seems committed to blow up TSMC to prevent China getting the tech. https://www.theregister.com/2023/03/14/us_china_tsmc_taiwan/ https://www.theregister.com/2023/03/14/us_china_tsmc_taiwan/
- ChatGTP 3y agoPlanning for the inevitable?
- jiggawatts 3y ago> The economic benefits of mining asteroids are also too large Ironically, that's an example I like to list as "pure sci-fi fantasy, divorced from economic reality." The total cost of the iron ore that goes into making a new a car is about $200-$300 dollars, depending on various factors (size of the car, ore spot price, etc...). Even if -- magically -- asteroid mining made not just "iron ore", but specifically the steel alloy used for car bodies literally free, new cars costing $30,000 would now cost... $29,700. You can save more by skipping the optional coffee cup warmer, or whatever. In reality: 90% of iron and steel is recycled, and asteroid mining is not magic.
- int_19h 3y agoWhy would anyone want to mine asteroids for iron, given that it's the most abundant element on Earth? I don't think I ever recall seeing a proposal like that outside of the broader notion of "space factories" (where such mining makes sense to reduce the cost of shipping materials back and forth, not because it's cheaper as such). It's stuff like platinum and germanium that makes asteroid mining potentially interesting.
- jiggawatts 3y agoMetallic asteroids are mostly nickel-iron. On Earth, geological processes concentrate elements into ores, primarily through volcanic and hydrological means. Neither are available in small, cold asteroids devoid of liquid water. Hence asteroids are generally undifferentiated mineralogically, making mining them much less economically viable. You often see total quantities listed as an amazing thing, glossing over the fact that the Earth has more of everything and in usefully concentrated lumps.