#reasoning tokens

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A rack PDU with per-outlet metering where a power lead sits part-seated in one outlet, the accelerator tray it feeds already spinning up above it and a usage record standing on a screen at the metering desk beyond

The Unit Economics of a Token

A token is a billing unit, not a physical quantity. What a buyer actually pays for is a parallel pass, a serial one, a block of resident memory, and a stretch of reasoning that is charged in full and never returned.

By Brecht Corbeel · August 8, 2026 · 21 min read

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