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I did a rough estimate that the 16 x 4 GPU setup with the 54GB network could be had for around $150K.

Not pocket change but not out of reach either.

Power is a little bit of an issue (you need 6-7 20A circuits) but there are hosting facilities that charge per KW/hr rather than per-drop. In that environment, I estimated that you could do the problem they described for under $10 in energy costs.

I'd like to know if anyone else has a feel on capital costs.