So this is what Hetzner should have done instead of raising prices to calibrate supply and demand?

Seems like a different problem. You can't offer hardware at a price you can't buy new hardware with, so there isn't much of a choice there. But pricing away existing customers simply to lower demand is a bold move, especially if you could simply solve the supply issue instead.

If anything, this suggests Kimi K3 is underpriced, forcing rationing of compute resources. Anthropic even struggles to avoid 503 errors at the $50/mtok point.

no...