Wish I could confidently say that it is going to pop soon, but I am not sure the current rebound is the bull trap. Maybe the correction was just a small blip in a huge bubble…
There are a lot of “refurbished” drives from when the Chia bubble popped (a useless shitcoin that wasted HDD space with garbage data as a proof of cryptographic work)
HDDs used for chia mining or similar shitcoins have been used for just a full wipe to create the huge rainbow table or whatever the shitcoin needed and then left on idle with very little read activity for years
It’s not the typical “end of life” server HDD with 80k hours of 24/7 full use
This makes me think: if chia and similar coins simply generated the monopoly money by “finding the right numbers on the right rainbow table” … were they a covert way for some government to have a distributed decryption network? Especially thinking how popular it was in china
Not really. Wrong type of math, not practical to reuse to break cryptography. There’s similar techniques that can be used against some algorithms, but not when set up like that.
AI messed up GPU prices even before AI was really a thing. When everyone was caught up in the Bitcoin hype, Nvidia already focused completely on AI instead of banking on the crypto hype, neglecting consumer GPUs. And we still feel that today.
I was about to post this, but call it virtualized quantum.
It’ll probably just be LLMs claiming to have the same probability as a quantum calculator and just spit out made up primes so long we wont be able easily check them.
That was barely a year or two. Bitcoin wasn’t very popular globally speaking when the first ASICs already was in development, and in between the two there was FPGA mining
Hadn’t bitcoin not been viable on GPUs for over a decade? Most of the cryptocurrency hype was mining other coins on GPUs, or using them to do blockchain calculations for NFTs and things.
Ethereum formally introduced the concept of smart contracts, and they had serious potential for modernizing financial contracts and push back an entire predatory industry of leechers, but instead it was used to create meme-coins and scam coins and ruined it all.
It’s move to proof of stake instead of proof of work dramatically reduced its energy usage, and makes it a actually scalable, but the masses lost interest when they couldn’t just make money off a few GPUs and turned to the aforementioned shit-coins built on the Ethereum network.
Ethereum is not bad, it’s one of the better ones. It’s just kind of responsible for the explosion of shit/scam coins, because people are shitty scammers.
The shitcoins were a thing also without ethereum, there was even a shitcoin generator website, pay 0.1 BTC (when it was worth like $100), upload your icon, choose the name, and download the compiled clients for mining that shit
The current mainland China gov never had any real claims to it. The argument they use is the same as for why they believe they have the right to enforce Chinese law on Chinese people abroad, including having their own secret police in other countries, etc, they simply don’t accept being anything less than the sole authority and sole representative for everybody they consider to belong to any ethnicity which is “theirs”. The claims on the island doesn’t really have much to do with the island, but that it’s populated with people they consider theirs.
When the AI bubble pops we’ll all be too broke to buy any PC anything.
The Buffett Index, America’s total stock valuation vs. GDP, is at 200%. It was around 130% in 1929, 2000 and 2007. Guess what? Chicken butts. (is what we’ll all be eating)
THIS is what I’m looking forward to. I’m guessing it’ll start sometime next year, so shortly after Christmas '26 will be the optimal time -at least that’s my long-term plan.
Required message that “raid is not a backup [solution]”, it’s an uptime and recovery system.
My primary server uses raid along with snapshots, full local backups, and off-site backups for critical data to two different cloud providers on different continents.
My second server backups images to the primary. My vps also backups to the primary. Both get the raid and snapshot treatment, and local, but not cloud. Gaming servers, boinc, and home assistant aren’t ‘critical’ :p
So, if the AI bubble pops, it’ll be a great time to build a PC
I’ll pray for this outcome, I need something that can actually run Unreal(requirements) Engine 5 games
Wish I could confidently say that it is going to pop soon, but I am not sure the current rebound is the bull trap. Maybe the correction was just a small blip in a huge bubble…
I thought similar during the GPU crypto mining phase. There’s always something blocking cheap PCs.
There are a lot of “refurbished” drives from when the Chia bubble popped (a useless shitcoin that wasted HDD space with garbage data as a proof of cryptographic work)
Data storage devices are the last items you wanna buy second hand though. A drive failing could mean much more than just having to buy a new one.
HDDs used for chia mining or similar shitcoins have been used for just a full wipe to create the huge rainbow table or whatever the shitcoin needed and then left on idle with very little read activity for years
It’s not the typical “end of life” server HDD with 80k hours of 24/7 full use
This makes me think: if chia and similar coins simply generated the monopoly money by “finding the right numbers on the right rainbow table” … were they a covert way for some government to have a distributed decryption network? Especially thinking how popular it was in china
Not really. Wrong type of math, not practical to reuse to break cryptography. There’s similar techniques that can be used against some algorithms, but not when set up like that.
Used enterprise drives are amazing value though. With enough redundancy in a RAID array it’s a great way to get storage in bulk.
Like there won’t be some other hype to immediately take it’s place. Just like Bitcoin GPU prices never collapsed because it went right into AI hype.
AI messed up GPU prices even before AI was really a thing. When everyone was caught up in the Bitcoin hype, Nvidia already focused completely on AI instead of banking on the crypto hype, neglecting consumer GPUs. And we still feel that today.
Im seeing a pattern here (capitalism)
The next hype lined up is quantum
Fortunately they won’t need most normal PC hardware for this. At least not CPU’s and GPUs AFAIK.
“Quantum emulation” all the hype, 1/1000th the efficiency, 1000X the excuses to sell hardware
I was about to post this, but call it virtualized quantum.
It’ll probably just be LLMs claiming to have the same probability as a quantum calculator and just spit out made up primes so long we wont be able easily check them.
Tbf Bitcoin didn’t fuck with the GPU market, that was more etherium’s doing
Bitcoin trashed the GPU market before moving on to Asics. Then other coins kept going on GPUs.
That was barely a year or two. Bitcoin wasn’t very popular globally speaking when the first ASICs already was in development, and in between the two there was FPGA mining
Hadn’t bitcoin not been viable on GPUs for over a decade? Most of the cryptocurrency hype was mining other coins on GPUs, or using them to do blockchain calculations for NFTs and things.
Til. I’ve only ever seen the application specific boards for Bitcoin.
Which is even sadder because Ethereum has always been a trash coin.
Why? And which coins are good?
Ethereum formally introduced the concept of smart contracts, and they had serious potential for modernizing financial contracts and push back an entire predatory industry of leechers, but instead it was used to create meme-coins and scam coins and ruined it all.
It’s move to proof of stake instead of proof of work dramatically reduced its energy usage, and makes it a actually scalable, but the masses lost interest when they couldn’t just make money off a few GPUs and turned to the aforementioned shit-coins built on the Ethereum network.
Ethereum is not bad, it’s one of the better ones. It’s just kind of responsible for the explosion of shit/scam coins, because people are shitty scammers.
The explosion of scam coins was basically inevitable, it’s what you get with zero regulation.
Most of the shit meme coins are on Solana.
Does Solana benefit from that?
It has the most transaction volume of a blockchains by some margin. Not everything on there is meme coin. There’s quite a lot of defi
The shitcoins were a thing also without ethereum, there was even a shitcoin generator website, pay 0.1 BTC (when it was worth like $100), upload your icon, choose the name, and download the compiled clients for mining that shit
Nope. China vs. Taiwan at the horizon. They really want that island back. It won’t be good for world peace and really bad for EUV-lithography (TSMC).
China vs. Europe and China vs. US are topics, too. Hopefully limited to economic pressure.
There’s always the second hand market…
The current mainland China gov never had any real claims to it. The argument they use is the same as for why they believe they have the right to enforce Chinese law on Chinese people abroad, including having their own secret police in other countries, etc, they simply don’t accept being anything less than the sole authority and sole representative for everybody they consider to belong to any ethnicity which is “theirs”. The claims on the island doesn’t really have much to do with the island, but that it’s populated with people they consider theirs.
*Home server farm.
When the AI bubble pops we’ll all be too broke to buy any PC anything.
The Buffett Index, America’s total stock valuation vs. GDP, is at 200%. It was around 130% in 1929, 2000 and 2007. Guess what? Chicken butts. (is what we’ll all be eating)
THIS is what I’m looking forward to. I’m guessing it’ll start sometime next year, so shortly after Christmas '26 will be the optimal time -at least that’s my long-term plan.
Be a great time to set up RAID storage systems (or whatever I’m not that techie) mmmmmmm I cannot waaaaait to have something resembling a backup.
Required message that “raid is not a backup [solution]”, it’s an uptime and recovery system.
My primary server uses raid along with snapshots, full local backups, and off-site backups for critical data to two different cloud providers on different continents.
My second server backups images to the primary. My vps also backups to the primary. Both get the raid and snapshot treatment, and local, but not cloud. Gaming servers, boinc, and home assistant aren’t ‘critical’ :p