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Because $40k GPUs with three year warranties renting for $3.50/hr or more is a literal money printing machine. It's a no brainer (if you can get the GPUs or alr
by TechDebtDevin 2y ago
Because $40k GPUs with three year warranties renting for $3.50/hr or more is a literal money printing machine. It's a no brainer (if you can get the GPUs or already have them) for companies that already have data center infra in low cost energy markets. However, 700w for a single h100 is honestly trivial compared to how profitable selling the compute is (for now). Maybe I'm missing something but this seems like an (temporary) infinate money glitch and if I had 8 figures to throw at I would be doing the same.
- leobg 2y ago$40k/3y/365d/24h ≈ $1.5/h. That’s just the GPU. No energy. No management. Not that great of a margin, it seems to me. Am I missing something?
- imtringued 2y agoA mining farm already has made those investments. All you are doing is swapping which accelerator is running in your server racks.
- mtnGoat 2y agoWell they usually locate in industrial buildings which means rent per square foot can be under a dollar a month. And energy where some miners are at is 7 cents per kilowatt hour. So the things you are talking about might add $.25/hr we can go with $1.75. If you are renting this for $3.5 you are doubling your money. Any wise investor would take this action all day long. DCs full of non mission critical workloads that require low bandwidth aren’t hard to setup and run. Source: I live in a town with dozens of industrial sized mining ops. We have the cheapest power in the country.
- seeknotfind 2y agoYup, this is why. It makes more money. It would be really interesting if this could fundamentally damage bitcoin, but given the existing ASICs are specific to bitcoin, it may be a while. It's a happy and not so surprising thought if there is just a better and more profitable way to use power to compute than bitcoin.