The Economy of small-scale mining is dead... and I am writing this from PY with cheap electricity, having gained experience by building up one smaller hosting service from scratch and participating in a bigger one. It worked until it did not. It's probably an OK-ish investment for ppl who jumped in at least pre-COVID. The latest investors we've got who bought machines back in 2022/23... they are not happy. Not our fault. Bad timing and wrong expectations. ASICS after halving or after a new model is released are worth almost nothing.
Either they are on hopium or they are convincing themselves that a win is having virgin bitcoins (which might actually be the case).
Anyone with experience, expertise, or interest in AI from a hardware point of view?
Electricity is still there. Contacts to make direct contracts are still there. What kicks you in the balls in this business (in 3rd third-world country) is if you don't own infrastructure, and you don't have a direct contract with the electricity company.
What do you think of decentralized AI? Will there be enough demand?
TON Powers New Decentralized AI Network Paying GPU Owners | CoinMarketCap
What I see as an advantage is that GPUs/CPUs have a second-hand market for conventional PCs (gaming, etc.), while mining ASICs are useless.
I can also see some angle where we could get equipment (as it is conventional computer equipment) on credit.
in my opinion the future of AI is in self-hosted models... current situation is not sustainable and people are reckless not knowing what they do
just like future of BTC mining - BTC holder will run their home node and (optionally) miner to protect their wealth and support the network without primary focus on gain, it will be an equivalent of banking fees
void said:in my opinion the future of AI is in self-hosted models... current situation is not sustainable and people are reckless not knowing what they do
How can you self host a model that requires a warehouse of GPUs to run?
void said:just like future of BTC mining - BTC holder will run their home node and (optionally) miner to protect their wealth and support the network without primary focus on gain, it will be an equivalent of banking fees
What’s the economy of this?
True power moves in silence.
