Everyone would be willing to buy a Laptop for $5 but pricing one at $500 doesn’t mean demand isn’t matched or the business model is flawed. It costs more than $5 to make a laptop. This is an extreme case but often I see the argument that it’s ok to pirate because it’s too expensive is a flawed argument. Lots of people want things that are cheaper but it isn’t always possible. That being said some companies abuse this and over charge a lot, but nonetheless the argument that free is because it’s too over priced is a flawed argument. Otherwise I could use the same logic and steal a laptop and say it’s he business fault for selling it at $500 instead of $55
Yes but what he’s saying is that if you take that money from high executive pay then you can offer both. You have three variables rather then just two, most businesses ignore the executive pay. That’s where the example breaks down. Now if you want to keep executive pay high then yes a lot of people select price over service and you are correct. But those aren’t the only two variables then it’s a lot more variable. Pardon the pun.
It's about the price of generating the electricity in terms of the damage it does to the environment (rather than dollar amount) compared to the value the cryptocurrencies generate. Most people look just at electricity costs and not electricity costs AND environmental costs.
We’re cobstantly dealing with environmental issues and global warming yet burn incredible amounts of energy and carbon compared to the value this gives us. It would probably be more environmentally friendly to not use crypto currencies then to stop using all the electricity you do each day...
My guess is that it will help cloud providers. In most cases they don’t guarantee x operations per second but rather the type of cpu you get. If that type now gets 30% less performance you’re most likely going to have to pay 30% more. Again the guarantee is not on operations per second but either exact processor, class of processor, or processor units.
The article mentions government grants, does anyone know of a small software shop that has been able to get one? We looked into it at one point and its next to impossible. Our advisor told us we had to modify the product in weird ways to maybe get a grant some years later. In other words getting a grant was nice for the media outlets to report but in reality impossible for a small startup...