/biz/ - Business & Finance

Pegged to 0.25$. Stay the fuck away.
https://help.otoy.com/hc/en-us/articles/360029817931-RNDR-FAQ
> A 1€ RNDR Credit is 100 OBH (OctaneBench Hour) at Tier 1. A 1€ RNDR Credit provides the same compute power as 4 RNDR Tokens. Thus, at the Tier 1 benchmark, 1 RNDR Token will provide an hour of rendering at 25 OctaneBench.

>>21984593
this is special introductory low low price for early sirs

>>21984593
You Are So Wrong

>>21984593
This is a short term solution to onboard artists. Here is conformation right from the CEO.

The team fully expects price to go beyond 0.25 because there will be projects that can only be run on the RNDR network due to the computing power that it posses:

https://www.reddit.com/r/RenderToken/comments/i9i0f5/in_your_recent_ama_it_was_mentioned_that_there/

Just to give you some perspective on this Google is shutting down their rendering platform in june 2021 and a few days ago RNDR just secured a parntership with google through Eric Schimdt, a former Google ceo who is on the otoy advisory board.

DYOR or you are going to miss out on this

>>21985151
I’d rather put my money in RLC than this desu

>>21985296
Then you are an idiot. The only usecase for decentralized computing is things that you cant do on the public cloud which is rendering. iExec supports that but it has no where near the amount of connections that OTOY has.

Pic related is the CEO of the parent company to the UFC and a hollywood mogul and thats only part of the whole picture of RNDR. Your shitcoin is going to be blown apart in a few weeks.

>>21984521
because while it's a good project it really doesn't have the ability to break $5. Utility tokens while great are limited ultimately by the market in which they serve. If the global rendering market hits 50 billion a year, which is like 5x than what it is now, and OTOY captures 10% of that, we might see $5. That's 5 years away at least.

>>21985341
Real-time rendering is becoming a thing too btw so I wouldn’t invest much in this.

>>21985361
You say this but projects like iExec and Golem which are vapor ware have triple the marketcaps of this. I agree 5 bucks is unreasonable but at this price it is still undervalued.

>>21985406
real-time rendering is no where even close to giving the quality that is needed for movie standard. if you want to make shitty clips with unreal engine go ahead, but the ceo of otoy is also working with epic games ceo on unreal engine, but i CBA to find the pic

>>21985492
Golem and iExec both go after more than just the video rendering market. Or are you just such a dumb gorilla nigger you think those are the same?

>>21985492
Well either way until this ”short-term” plan of theirs to provide 1$ credits to artists worth 4 RNDR tokens ends I don’t see a point in putting money in this just yet.

>>21985545
Cope you dumb faggot, I have research this through completely. Your shitcoins are trying to replace centralized services which has zero chance of ever taking off. Both projects at this rate are just living off from ICO funding. Go to iExec workers right now and tell me how many worker nodes you see, all of them are from iExec themselves.

>>21985571
0.25 is the floor, this is ICO price and probably will stabilize here before making another move.

>>21985614
My rndr stack is my 2nd biggest stack because it's an easy, no brainer x10 with almost 0 chance to lose. It ain't got what it takes to be a x100 though.
>i have researched this through completely
I've never been more convinced the opposite is true.

$1.20 Render and I will change my Gender

>>21985361
>If the global rendering market hits 50 billion a year
It very well could if the space continues to see 20% year-over-year growth like it has the last 5 or so years

>>21985614
It's the ceiling you mouth breathing retard

>>21985648
You are wrong then, because I have done extensive mental gymnastics to see where broad projects like iExec and Golem can fit in. Ripping apart all the bullshit layers it all comes down to a lack of gpu power in the cloud and RNDR is best equipped to solve this.

>>21985705
Did you read the reddit post? 0.25 is the floor and the ICO price...

>>21985702
>if

If my grandma had nuts she'd be my grandpa. By far the biggest market has been crippled, triple A video production (hollywood, video games, etc.) has been dramatically diminished by covid-19. It will be years before we see the growth you are talking about.

>>21985750
Put your money where your mouth is then. What is your expert, studied opinion on what the EOY target price is?

>>21985614
>0.25 is the floor
You know it will dump from here
They always do, that's how the hype cycle works
Still keeping the on the radar though, it looks interesting unlike the various vaporware and shitcoins that /biz/ newfags are posting about day in and day out now

To those people:
Do any of you remember strat? Or Pascal? or pivx? No? That's because they were shitcoins; and dumb/biz/ was obsessed with them
No one gives a fuck about your generic shitcoins, even if it pumps and you make money you won't get as much as just stacking up Bitcoins or throwing it into chainlink
You need a clear usecase, that's one of the 5 main factors of crypto gains

>>21984521
>why aren't you all in?
Don't see it being competitive in the real world market, making it uninteresting as a long time hold, and don't see it building enough hype to create a pump worth keeping track of when there are other tokens to follow.

>>21985755
Your fud sucks ass I've seen worse. MUH INDUSTRY MCAP! Coins have mooned on far less

>>21985778
My money is where my mouth is dumb useless faggot, and I can't tell the future. Fuck you

>>21985789
Both coins which you named are vaporwave coins that tried to revolutionize things and become a better cryptocurrency, nothing special. RNDR has a very clear usecase that right now on the public cloud there is not enough rendering power and render farms are far too expensive. If there was a way to do this with already existing powerful workstations then rendering would be alot cheaper.

>>21985855
This bleeds of being competitive in the real world market, it is the cheapest render option by far. You just haven't done enough research.

>>21985755
>It will be years before we see the growth you are talking about
Of course. But it's not like content consumption is going away. Vidya and Hollywood isn't going anywhere long-term. We're also getting close to theoretical max in terms of processing power for silicon-based chips. Localized rendering is predicted to stagnate or have low growth, where cloud rendering is expect to grow exponentially to fill in this gap until the next jump in computing power is invented and we start seeing exponential increases in hardware again. We very well could never see this exponential jump in computing power in our lifetime beyond utilizing cloud-based/p2p networks to offload resource-heavy tasks

>>21985884

So with all of the hours you spent on your meticulous research into a digital asset, the best estimate you have for a price target is: "I can't tell the future"?

Are you trying to meta-FUD me?

>>21985968
Are you retarded? I can research breadcrumbs but technical analysis could go anywhere jackass. You are the definition of retarded. How does research correlate to EOY price?

>>21986084
>price targets aren't apart of my investment strategy

You blew it. Too obvious. Now I know you are just pretending to be retarded. This will be my last (you), enjoy it.

>>21986246
Fuck you dumb useless ape dont ever talk in a RNDR thread again also sell everything that you have. Also lend me the crystal ball that you have used in the past to determine EOY price.

>>21986246
10$ EOY. There you go.

Also most people overlook that RNDR is way, way bigger than just rendering. Thats just the first step. There's a reason why the Google Director of _ML_ infrastructure tweeted about them. Training deep neural networks on commodity hardware is another obvious, and huge market for a large-scale GPU cloud, Jules has spoken about this a few times.

>>21986604
Do you have a link to this?

>>21985789
>that's one of the 5 main factors of crypto gains
What are the other 4?

>>21986726
https://www.reddit.com/r/RenderToken/comments/hcztqb/ama_with_jules_urbach_ceo_of_otoyrndr_ask/fvs8jok/

>>21987230
I mean link to the tweet of the Google director tweeting about RNDR.

>>21987253
Oh, I meant the qoute from the google director from the google partnership announcement.

Also here is another nice one about AI, where Jules and John Carmack talked about deploying AI training to the rndr network: https://www.reddit.com/r/RenderToken/comments/hcztqb/ama_with_jules_urbach_ceo_of_otoyrndr_ask/fvsmxwf/

>>21987298
But has the google director said RNDR by name, thats what I am looking for

>>21987354
According to the quote by him the posted, yes. I don't think he tweeted about it himself. Why does it matter ?

>>21987454
In both of the post that you have linked there is no mention of the Google guy, however the John Carmack one is interesting.

>>21987539
? You posted the one with the google guy quote yourself >>21985492

>>21987602
Ah I see it now. Great that he commented but I would love his official words, but still very impressive

>>21987602
John tweeted about RNDR here, good breadcrumb find.

https://twitter.com/id_aa_carmack/status/1219461206152548353?lang=en

>>21987665
Nice! Crazy how much tech industry support RNDR has (e.g. also ex google ceo eric schmidt is on their board), considering how unknown it still in the crypto world

>>21987809
People get too worked up on the price ceiling/floor but something tells me that we have no need to worry

>>21987870
Thats retarded fud which has been disproven many times. No one would have bought in ICO at 25c if thats the ceiling of the price and also makes no sense to limit the valuation the network reach to a certain low marketcap lmao