5 ms·

Not sure about this: > like with our portfolio of IPv4 addresses, I’m even more comfortable making bets backed by tradable assets with durable value. Is that

by onli 2y ago

Not sure about this: > like with our portfolio of IPv4 addresses, I’m even more comfortable making bets backed by tradable assets with durable value. Is that referencing the gpus, the hardware? If yes, why should they have a durable value? Historically hardware like that deprecated fast and reaches a value of 0, energy efficiency alone kills e.g. old server hardware. Something different here?

foota 2y ago
Historically GPUs didn't cost 30,000 a pop. Also, the end of Moore's law etc.,.
thundergolfer 2y ago
I think it's referencing only the IPv4 block, but it is a bit confusing. It doesn't make sense to be ref'ing the GPUs because their value is definitely not durable.
- tptacek 2y ago
  I don't know about "durable", but they're not written off. There is absolutely a market for all this hardware.
  - Aeolun 2y ago
    There’s certainly more retained value in the physical stuff than in developer time.
  - thundergolfer 2y ago
    Yeah fair enough. I think it's just the subjectivity of "durable" at play here. The value of the GPUs may halve in a single year (e.g. H100s), but they'll never* drop to zero in a month. That's at least some kind of durability, because you can get a transaction done in a month. * never say never
- jonathanlei 2y ago
  Absolutely - GPUs are definitely not a very liquid asset. As someone who works at a GPU neocloud provider (Voltage Park), server assets at scale definitely face a huge slippage, you can buy for $1 and get quotes for $1.50 but only be able to sell for $0.60
dathinab 2y ago
I mean consumer GPUs, yes. But server GPUs tend to deprecate slower. Which we also see with e.g. A100 80GiB is approaching 5 years of age, but still sold and used widely and still cost ~20k$USD (and I remember a noticable higher price before deep seek...). The thing is sure a A100 80GiB is a much older arch then successors, but the main bottleneck is the memory of which it has 80GiB.
- kgwgk 2y ago
  > A100 80GiB is approaching 5 years of age […] and still cost ~20k$USD What was the price at launch?

by onli 2y ago

foota 2y ago

Historically GPUs didn't cost 30,000 a pop. Also, the end of Moore's law etc.,.

thundergolfer 2y ago

I think it's referencing only the IPv4 block, but it is a bit confusing. It doesn't make sense to be ref'ing the GPUs because their value is definitely not durable.

tptacek 2y ago
I don't know about "durable", but they're not written off. There is absolutely a market for all this hardware.
- Aeolun 2y ago
  There’s certainly more retained value in the physical stuff than in developer time.
- thundergolfer 2y ago
  Yeah fair enough. I think it's just the subjectivity of "durable" at play here. The value of the GPUs may halve in a single year (e.g. H100s), but they'll never* drop to zero in a month. That's at least some kind of durability, because you can get a transaction done in a month. * never say never
jonathanlei 2y ago
Absolutely - GPUs are definitely not a very liquid asset. As someone who works at a GPU neocloud provider (Voltage Park), server assets at scale definitely face a huge slippage, you can buy for $1 and get quotes for $1.50 but only be able to sell for $0.60

dathinab 2y ago

I mean consumer GPUs, yes. But server GPUs tend to deprecate slower. Which we also see with e.g. A100 80GiB is approaching 5 years of age, but still sold and used widely and still cost ~20k$USD (and I remember a noticable higher price before deep seek...). The thing is sure a A100 80GiB is a much older arch then successors, but the main bottleneck is the memory of which it has 80GiB.

kgwgk 2y ago
> A100 80GiB is approaching 5 years of age […] and still cost ~20k$USD What was the price at launch?