Why a GPU Futures Market is Unlikely to Develop

GPUs share superificial qualities with commodities, but this comparison only goes so far

Introduction

Several years ago, during one of the bitcoin booms, I had coffee with an old friend who worked at a big investment bank. We got to discussing bitcoin mining, and the supply chain issues that were plaguing both the supply and demand side of the GPU market. Bitcoin miners couldn’t get their hands on enough GPUs, and manufacturers couldn’t crea…