> The fact that anyone on the planet who can afford a GPU or an ASIC can be a competitor is significant.
Except you can’t really make money. You need a data center to move the needle. If I was a company, I wouldn’t want any of my compute running in some kids dorm room or the basement of some house in the burbs.
> For example, an RX 6800 will generate ~$0.34 per day minus electricity costs if you mine with it. That's the true value of that card on a global decentralized market. But renting a similar cloud GPU will cost about $0.30 per hour. 95% of that cost could be eliminated with a decentralized market.
What about maintenance and redundancy? What if you need 2 for 12 hours and 0 for 12 hours? The value of cloud compute is not the rental cost of hardware (or mining cost?) it’s everything else. It’s scale, and maintenance, and geographic distribution, etc. it’s the nice GUI and support staff, it’s the SLAs and SDKs, etc.
Try renting a Mac on Aws - where a month will probably cost the same as buying it and consider why people may use it. Consider why there isn’t a decentralized marketplace of MacOS VMs despite this.