Aren’t most miners running ASICs that are pretty much only useful for mining specific coins? I was hoping we were past the last “people are buying off-the-shelves GPUs for crypto” bubble.
Depending on which crypto, but yes. And the ASICs have a usable shelf life of just a few years, so I assume they are migrating to machines for AI processing as their ASICs need routine replacement.
Make no mistake; the people selling server time will be making money. They are selling a real product to a real customer, it’s just the customer is a tech company that will never make money back in turn.
if the tech company is lucky, they can sell whatever their product is to customers. Only issue is, there’s not enough customers eager enough to part with their money. A pyramid scheme fails if it can’t hang losses on consumers.
How would they make money from ai? be like chatgpt and release their own ai plans or something? or something else?
Maybe host open source models and offer paid access for customers who need big generating capacities.
Aren’t most miners running ASICs that are pretty much only useful for mining specific coins? I was hoping we were past the last “people are buying off-the-shelves GPUs for crypto” bubble.
Depending on which crypto, but yes. And the ASICs have a usable shelf life of just a few years, so I assume they are migrating to machines for AI processing as their ASICs need routine replacement.
Yeah there’s lots of open providers like this.
Make no mistake; the people selling server time will be making money. They are selling a real product to a real customer, it’s just the customer is a tech company that will never make money back in turn.
if the tech company is lucky, they can sell whatever their product is to customers. Only issue is, there’s not enough customers eager enough to part with their money. A pyramid scheme fails if it can’t hang losses on consumers.
OpenRouter is a marketplace for AI inference
In theory you could lease your server capacity to the big AI players, but then they would have to trust you -a noted crypto grifter - with their data.
Investors keep trusting noted crypto grifters with money.
Like AI companies care about business ethics
Same way a lot of the “ai” companies make money, investors that have no idea but want to get in on the ground floor of the next nVidia or openai.
Subscriptions for waifus?
TFW when you realize AI is a bubble