Comment by londons_explore
18 hours ago
The damping effect is that part of your costs are the hardware, space, depreciation etc. leaving that stuff idle costs money - so it makes sense to mine in the less profitable periods too.
18 hours ago
The damping effect is that part of your costs are the hardware, space, depreciation etc. leaving that stuff idle costs money - so it makes sense to mine in the less profitable periods too.
That depends on each miner's energy costs, so long as (variable cost of energy - revenue from coins) < fixed costs. It's still negative cashflow either way, but the monthly losses have to be weighed against the cost of going insolvent and losing the hardware.
Yes though AFAIK electricity is a large %
Crypto-miners are switching to AI token farming when bitcoin is low. They have compute that's both installed and powered, so why not do what pays better?
For bitcoin at least, you need totally different silicon.
I guess you could share the power supply and cooling infra, but I am dubious the savings are enough to have half your silicon idle all the time.
What the hell is AI token farming?
I think they mean serving inference workloads
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