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Nvidia Through a Crypto Miner's Eyes (vincentping.com)
1 points by vincentping 28 days ago
1 comments

> Mining rigs aren’t like stocks — if a stock drops, you can hold and wait, it costs you nothing. A mining rig burns real money every single day it’s running. The moment revenue dips below cost, your money-making asset becomes a hole that bleeds cash. So I shut them down.

This logic applies to AI datacenters too. They cost real money to run, what could potentially be profitable can be a loss very very quickly.