Comment by austin-cheney 18 hours ago
It’s not about assumptions on the hardware. It’s about the current demands for computation and expected growth of business needs. Since we have a couple years to measure against it should be extremely straightforward to predict. As such I have no reason to doubt the stated projections.
Networking gear was famously overbought. Enterprise hardware is tricky as there isn’t much of a resale market for this gear once all is said and done.
The only valid use case for all of this compute which could reasonably replace ai is btc mining. I’m uncertain if the increased mining capacity would harm the market or not.
That assumes you can add compute in a vacuum. If your altcoin receives 10x compute then it becomes 10x more expensive to mine.
That only scales if the coin goes up in value due to the extra "interest". Which isn't impossible but there's a limit, and it's more often to happen to smaller coins.
> Since we have a couple years to measure against
Trillion pound baby fallacy.