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Chicago Mercantile Exchange will list futures contracts for GPU costs

• mikeaskew4 3mo ago
  Might need to call in the Onion Futures act on this one. https://en.wikipedia.org/wiki/Onion_Futures_Act https://en.wikipedia.org/wiki/Onion_Futures_Act
  • quickthrowman 3mo ago
    Why? GPUs are not perishable like onions. They do depreciate, but they don’t rot. If you use or sell a ton of GPU time, hedging against future increases/decreases in cost per time unit is what futures are actually for. Cash vs physical settlement is irrelevant. Speculators assume the risk on the other side, typically. Nobody has enough margin in their futures account to corner the market on GPU time and there is typically a position limit for futures contracts (aside from market makers, they’re allowed unlimited futures contracts to allow hedging)
    • deleted 3mo ago
      [deleted]
    • favflam 3mo ago
      A single party controls the depreciation schedule, so that seems dicey.
• smallmouth 3mo ago
  As a programmer and former trader at the CME, I'm not at all sure what to think about this product. It will be very interesting to watch how these contacts are priced and traded.
• erentz 3mo ago
  This all feels like when Enron started talking about making a market for trading /bandwidth/.