If Pi Clusters were actually cost competitive for performance there would be data centres full of them.
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Faith in the perfect efficiency of the free market only works out over the long term. In the short term we have a lot of habits that serve as heuristics for doing a good job most of the time.
For those like me that don't know the joke:
Two economists are walking down the street. One of them says “Look, there’s a twenty-dollar bill on the sidewalk!” The other economist says “No there’s not. If there was, someone would have picked it up already.”