Comment by solatic
1 month ago
You have to remember that companies are kind of fungible in the sense that founders can close old companies and start new ones to walk away from bankruptcies in the old companies. When there's a bust and a lot of companies close up shop, because data centers were overbuilt, there's going to be a lot of GPUs being sold at firesale prices - imagine chips sold at $300k today being sold for $3k tomorrow to recoup a penny on the dollar. There's going to be a business model for someone buying those chips at $3k, then offering subscription prices at little more than the cost of electricity to keep the dumped GPUs running somewhere.
I do wonder how usable the hardware will be once the creditors are trying to sell it - as far as I can tell is seems the current trend is more and more custom no-matter-the cost super expensive power-inefficient hardware.
The situation might be a lot different than people selling ex-crypto mining GPUs to gamers. There might be a lot of effective scrap that is no longer usable when it is no longer part of a some companies technological fever dream.