I was looking into this recently and it seems like the cheapest AWS instance with a CUDA GPU is something on the order of $1/hr. It looks like an H100 instance might be $15/hr (although I’m not sure if I’m looking at a monthly price).
So yeah it’s not ideal if you’re on a budget, but it seems like there are some solutions that don’t involve massive capex.
Look on vast.ai instead of AWS, you can rent machines with older GPU's dirt cheap. I don't see how they even cover the electricity bills. A 4090 machine starts at about $.25/hour though I didn't examine the configuration.
Thrashed? What type of damage could a mostly-solid state device suffer? Fan problems? Worn PCi connectors? Deteriorating Arctic Ice from repeated heat cycling?
Heat. A lot of components - and not just in computers but everything hardware - are spec'd for something called "duty cycles", basically how long a thing is active in a specific time frame.
Gaming cards/rigs, which many of the early miners were based on, rarely run at 100% all the time, the workload is burst-y (and distributed amongst different areas of the system). In comparison, a miner runs at 100% all the time.
On top of that, for silicon there is an effect called electromigration [1], where the literal movement of electrons erodes the material over time - made worse by ever shrinking feature sizes as well as, again, the chips being used in exactly the same way all the time.
When people were mining Ethereum (which was the last craze that GPUs were capable of playing in -- BTC has been off the GPU radar for a long time), profitable mining was fairly kind to cards compared to gaming.
Folks wanted their hardware to produce as much as possible, for as little as possible, before it became outdated.
The load was constant, so heat cycles weren't really a thing.
That heat was minimized; cards were clocked (and voltages tweaked) to optimize the ratio of crypto output to Watts input. For Ethereum, this meant undervolting and underclocking the GPU -- which are kind to it.
Fan speeds were kept both moderate and tightly controlled; too fast, and it would cost more (the fans themselves cost money to run, and money to replace). Too slow, and potential output was left on the table.
For Ethereum, RAM got hit hard. But RAM doesn't necessarily care about that; DRAM in general is more or less just an array of solid-state capacitors. And people needed that RAM to work reliably -- it's NFG to spend money producing bad blocks.
Power supplies tended to be stable, because good, cheap, stable, high-current, and stupidly-efficient are qualities that go hand-in-hand thanks to HP server PSUs being cheap like chips.
There were exceptions, of course: Some people did not mine smartly.
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But this is broadly very different from how gamers treat hardware, wherein: Heat cycles are real, over clocking everything to eek out an extra few FPS is real, pushing things a bit too far and producing glitches can be tolerated sometimes, fan speeds are whatever, and power supplies are picked based on what they look like instead of an actual price/performance comparison.
A card that was used for mining is not implicitly worse in any way than one that was used for gaming. Purchasing either thing involves non-zero risk.
> That heat was minimized; cards were clocked (and voltages tweaked) to optimize the ratio of crypto output to Watts input. For Ethereum, this meant undervolting and underclocking the GPU -- which are kind to it.
> Fan speeds were kept both moderate and tightly controlled; too fast, and it would cost more (the fans themselves cost money to run, and money to replace). Too slow, and potential output was left on the table.
In the ideal case, this is spot on. Annoyingly however, this hinges on the assumption of an awful lot of competence from top to bottom.
If I've learned anything in my considerable career, it's that reality is typically one of the first things tossed when situations and goals become complex.
The few successful crypto miners maybe did some of the optimizations you mention. The odds aren't good enough for me to want to purchase a Craigslist or FB marketplace card for only a 30% discount.
So yeah it’s not ideal if you’re on a budget, but it seems like there are some solutions that don’t involve massive capex.