[ctrlGsysop]

A good in depth mkt analysis. While it’s not crypto, many of the key points are rinse and repeat of mining - things like insatiable demand and projected ROI. Markets and tech solve high costs all the time. Great point made about the $4/hr number that was most likely a top bullet in a 1000 pitch decks citing NVIDIA. Bagholders could just be all the nations buying all the billionaire’s stories.

[pico_creator]

Yea, the older GPU providers, were pushing 3-5 year commits for a reason. They seen this before

[bugbuddy]

There is one big exception in the list of all nations. I don’t know what to make of it. Irony?

[aurareturn]

The only difference is that LLMs have a real world value.

[wmf]

Yeah, I did this same kind of math all the time back during the early ASIC mining days except it was accelerated; you had to break even in 9 months or never due to the exponentially growing difficulty.