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Some Data centres are now switching back to mining.
I like to follow generative AI, one of the big communities and providers made this announcement yesterday: What's happening Yesterday we were told our primary data center is retracting support for us and switching their capacity over to crypto mining. Effective today. We got less than 48 hours of notice. That is the bulk of the GPUs we use to serve open source model generation. Losing them on this kind of timeline is about as abrupt as it gets. We have spent every hour since scrambling for replacement GPUs and a new data center. The catch: the same mining fever that took our capacity has gobbled up most of the spare GPUs on the market. It appears that at least some of the data centre capacity that was serving generative AI customers, is now ditching their clients (who are paying very well) to now mine crypto once again. Naturally this is speculation - but to me this is a clear signal that it is once again accumulation time. If data centres that are getting plenty of money are dropping clients at short notice to mine, they believe that more profit is to be made with crypto. Sure, this could be a bad business decision, but given the current timeline I think that the worst is over and the next year is a serious opportunity to build up again. Edit: since people apparently are incapable of using a search engine anymore - here is the source. civitai.com/articles/30980 imgur.com/KZJgP6r.png Holy shit this sub is dumb. submitted by /u/-Baloo [link] [Kommentare] reddit.com · reddit.com
I like to follow generative AI, one of the big communities and providers made this announcement yesterday: What's happening Yesterday we were told our primary data center is retracting support for us and switching their capacity over to crypto mining. Effective today. We got less than 48 hours of notice. That is the bulk of the GPUs we use to serve open source model generation. Losing them on this kind of timeline is about as abrupt as it gets. We have spent every hour since scrambling for replacement GPUs and a new data center. The catch: the same mining fever that took our capacity has gobbled up most of the spare GPUs on the market. It appears that at least some of the data centre capacity that was serving generative AI customers, is now ditching their clients (who are paying very well) to now mine crypto once again. Naturally this is speculation - but to me this is a clear signal that it is once again accumulation time. If data centres that are getting plenty of money are dropping clients at short notice to mine, they believe that more profit is to be made with crypto. Sure, this could be a bad business decision, but given the current timeline I think that the worst is over and the next year is a serious opportunity to build up again. Edit: since people apparently are incapable of using a search engine anymore - here is the source. civitai.com/articles/30980 imgur.com/KZJgP6r.png Holy shit this sub is dumb. submitted by /u/-Baloo [link] [Kommentare]
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