Supply shortage is another way of saying demand excess. I don’t see much evidence that TSMC ever really slowed production, at least for their most advanced processes that are in high demand. This is yet another way we’re all forced to pay the price for cryptocurrency. As long as GPUs are profitable for mining, they will be purchased and put to work. The saddest part is that each additional GPU added to the mining net…
I wish some governments would start shutting down the fiat exchanges.
TSMC hikes chip prices up to 20% amid supply shortage
161–170 of 620 posts
Re: TSMC hikes chip prices up to 20% amid supply shortage
#162Earlier quoted context omitted.
Genuine question because I’m unfamiliar with the market. Why aren’t competitors undercutting these big players? 40% is ridiculous
Building a new factory is a 10+ year effort for a competitor. (They have to do the R&D to get on-par with performance, and physically build the factory). The shortage won't last that long. But in the meantime, anyone who owns a suitable factory can pretty much set the prices as high as they like. I'm really surprised the price hike is only 20%, rather than 10% per month for the next 3 years.
Re: TSMC hikes chip prices up to 20% amid supply shortage
#163Re: TSMC hikes chip prices up to 20% amid supply shortage
#164Earlier quoted context omitted.
I agree with this but it's even worse than that. Estimates on Bitcoin energy usage put it at over 1TW now. I believe it was comparable to the energy consumption of Argentina. Advocates will defend this by saying most energy usage is renewable. This conjures the image of someone with a bunch of solar panels but the reality is that it's primarily hydro power because that's the cheapest. Thing is, in regions with cheap…
> Advocates will defend this by saying most energy usage is renewable. Even if true (iirc there is a lot of doubt whether it is, see Iran), it's still moronic, because consuming renewable energy for shits and giggles obviously means that other energy demands are being met with your usual energy mix instead of that renewable energy that went into shits and giggles as assumed. In terms of net emissions it simply doesn'…
This means that “renewable energy more than the output of Argentina was always being wasted for over a century every day because it was uneconomical to transport it”
Crypto mining has been unique in that it only needs power and housing to stay dry, low infrastructure, and doesn't need very good internet, compared to other large computational projects, or any other sector.
Okay, so we got the “ah it uses a lot of energy!” argument over to “ah okay its a relatively green sector compared to literally everything else but I don't respect the use in favor of literally everything else and this must be taking away from that” which is also not true so I’m curious how the goal post moves after this - assuming you are able to corroborate what I’ve told you at face value.
It would be more productive to advocate for specific sites to not raise prices for others if they did, or specific sites to use cleaner energy sources. I can understand how that could cause some consternation if your whole cause is not liking crypto mining at all. But it is important to remain vigilante on how these mining operations run, as it is possible for nation states to operate these uneconomically and actually do things that you imagine is happening now.
(Renewable and captured are not synonymous but usually its the same)
Re: TSMC hikes chip prices up to 20% amid supply shortage
#165Supply shortage is another way of saying demand excess. I don’t see much evidence that TSMC ever really slowed production, at least for their most advanced processes that are in high demand. This is yet another way we’re all forced to pay the price for cryptocurrency. As long as GPUs are profitable for mining, they will be purchased and put to work. The saddest part is that each additional GPU added to the mining net…
I agree with this but it's even worse than that. Estimates on Bitcoin energy usage put it at over 1TW now. I believe it was comparable to the energy consumption of Argentina. Advocates will defend this by saying most energy usage is renewable. This conjures the image of someone with a bunch of solar panels but the reality is that it's primarily hydro power because that's the cheapest. Thing is, in regions with cheap…
Re: TSMC hikes chip prices up to 20% amid supply shortage
#166Supply shortage is another way of saying demand excess. I don’t see much evidence that TSMC ever really slowed production, at least for their most advanced processes that are in high demand. This is yet another way we’re all forced to pay the price for cryptocurrency. As long as GPUs are profitable for mining, they will be purchased and put to work. The saddest part is that each additional GPU added to the mining net…
I agree with this but it's even worse than that. Estimates on Bitcoin energy usage put it at over 1TW now. I believe it was comparable to the energy consumption of Argentina. Advocates will defend this by saying most energy usage is renewable. This conjures the image of someone with a bunch of solar panels but the reality is that it's primarily hydro power because that's the cheapest. Thing is, in regions with cheap…
Re: TSMC hikes chip prices up to 20% amid supply shortage
#167Earlier quoted context omitted.
If they shut those down you can still purchase through decentralized exchanges. https://bisq.network/
Sure, but 99% of people will sell, and the price will crash.
Re: TSMC hikes chip prices up to 20% amid supply shortage
#168Earlier quoted context omitted.
Their margin is approaching 40%. They're basically printing money at this point. It's hilarious how a manufacturer can be so profitable nowadays.
Genuine question because I’m unfamiliar with the market. Why aren’t competitors undercutting these big players? 40% is ridiculous
Samsung, which is the largest IC manufacturer, recently increased prices: https://www.tomshardware.com/news/samsung-foundry-to-hike-wa...
If you look at prices for the stuff a lot of wafer capacity is going towards, particularly Flash and RAM, you'll see that the prices have gone up 20%+ over the last year.
I think people like to pick out TSMC because of the politics surrounding Taiwan and China, and maybe because a lot of companies use TSMC for their IC production and like to complain. People don't notice as much when other ICs like flash, ram, micros, etc are slowly increased in price.
Re: TSMC hikes chip prices up to 20% amid supply shortage
#169Earlier quoted context omitted.
This might be the start of the end of high-end PC gaming, unless prices get back to a more reasonable level. Consoles (and phones) are very competitive and cost significantly less. Or perhaps it just causes the games to have lower performance requirements. Is integrated graphics the future of PC gaming?
I think it's interesting that we have three options now for sidestepping this by streaming games and yet none of them have made much of a dent. Microsoft seems to have the best business model but you're stuck streaming the games on Game Pass, and their latency seems to be the worst in my experience. Stadia seems to have the best tech in terms of latency, but the weird "it'll only work on these certain Chromecasts" la…
The use cases where I, a high end gaming PC owner, would use streaming services are: travelling. Except unless you visit a city center, you aren't getting 5G, and you aren't getting WiFi 6 speeds. I'm in the UK, and here my parents live, where I live and where my friends live, none have the speeds capable for it. I imagine things are even worse in 95% of the US too.
Game streaming won't happen in a country unless most of the country has 100MBit down
Re: TSMC hikes chip prices up to 20% amid supply shortage
#170Earlier quoted context omitted.
I agree with this but it's even worse than that. Estimates on Bitcoin energy usage put it at over 1TW now. I believe it was comparable to the energy consumption of Argentina. Advocates will defend this by saying most energy usage is renewable. This conjures the image of someone with a bunch of solar panels but the reality is that it's primarily hydro power because that's the cheapest. Thing is, in regions with cheap…
Transaction fees will always make it economical to mine. They currently make up a small fraction of the block reward, but within a decade or two (5 block subsidy halvings), we can expect them to dominate. Btw, not all cryptocurrencies are deflationary [1]. [1] https://john-tromp.medium.com/a-case-for-using-soft-total-su...