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.
As long as we’re being pedantic, when you pay out pitch, you’re not covering the deck with it. You’re making lines of it that go in between the deck planks. It’s basically caulking. You actually have to be careful to not get it everywhere (not least because pitch is really hot when you’re paying it out), so just like when you’re paying out a line, there’s a sense of careful control and easing out the pitch.
Pretty close! It’s tar-soaked hemp fibers (rope traditionally being hemp), called oakum. Sometimes cotton under that for filling if needed. To me it still feels more about carefully easing out, particularly since paying out also has other uses that aren’t rope related, like falling off to leeward after a tack.
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.
Bitcoin saved me from losing everything. You’d have to be a god damn fool to claim that it doesn’t have its uses. Investing when bitcoin was worth $19K was the smartest decision I ever made. You’ll never convince me that it’s a scam.
“Scammers find new scam”
How would they make money from ai? be like chatgpt and release their own ai plans or something? or something else?
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.
Maybe host open source models and offer paid access for customers who need big generating capacities.
Paid : give money for
Payed: nautical term meaning to let out some slack on the rope or to cover the deck in tar/pitch for sealing it
As long as we’re being pedantic, when you pay out pitch, you’re not covering the deck with it. You’re making lines of it that go in between the deck planks. It’s basically caulking. You actually have to be careful to not get it everywhere (not least because pitch is really hot when you’re paying it out), so just like when you’re paying out a line, there’s a sense of careful control and easing out the pitch.
Also, If I understand it correctly it’s also called this because caulking requires jamming pitch soaked rope into the joints so it’s still about rope!
Pretty close! It’s tar-soaked hemp fibers (rope traditionally being hemp), called oakum. Sometimes cotton under that for filling if needed. To me it still feels more about carefully easing out, particularly since paying out also has other uses that aren’t rope related, like falling off to leeward after a tack.
Username checks out.
This is the level of pedantry I can get behind.
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.
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.
TFW when you realize AI is a bubble
Subscriptions for waifus?
Hey now, at least bitcoin has it’s uses. And if you have a farm for it I doubt you’re scamming on the side, that’s risky.
AI has more uses than Bitcoin, the fuck is this circlejerk, lmao
Sure it does
Bitcoin saved me from losing everything. You’d have to be a god damn fool to claim that it doesn’t have its uses. Investing when bitcoin was worth $19K was the smartest decision I ever made. You’ll never convince me that it’s a scam.