Definitely interested to see where my thinking is off here, if anyone can help. This just doesn't seem much like a bubble to me.
Are there tons of uses for 2023 crypto farm hardware?
A trillion dollars of GPUs in various stages of obsolescence and/or shagged-outness in data centres might be useful to the right people but it's a depreciating asset.
If you're talking about purpose-built ASICs, probably still yes? It's not like it's performing some incredibly unique action when farming for crypto.
The secondhand electronics market is fairly strong.
Still, I think it's always something of a gamble. Maybe look for reputable dealers on there.
The property will still be worth something but nowhere near the expected value pre-crash. For those still liquid when the dust settles, they'll be able to get great bargains on compute or even whole data centers.
Maybe the land will be dotted with half-finished data centers that sit for years, like unfinished condo high-rises post 2008 crash