IPv4 Markets

The IPv4 Market in 2021

Price was the story of the 2021 IPv4 market. Large and small organizations alike continue to invest in their IPv4 infrastructure causing demand for IPv4 address space to intensify. Meanwhile, supply remains constrained. These market factors drove prices up at a historic rate in 2021.

Another Year of the Transition to IPv6

I bet that nobody believed in 1992 that thirty years later, we'd still be discussing the state of the transition to IPv6! In 1992 we were discussing what to do about the forthcoming address crunch in IPv4, and having come to terms with the inevitable prospect that the silicon industry was going to outpace the capacity of the IPv4 address pool in a couple of years, we needed to do something quickly

The Changing Role of IP Addresses in the Architectural Evolution of the Internet

I work at APNIC, the Regional Internet Registry that serves the Asia Pacific Region. APNIC provides common infrastructure services for the region that support the unique assignment of IP address blocks to Internet network operators within our region through the operation of an address registry. In short, IP addresses are what we do. So, when there are discussions in technology circles about evolving the Internet's address model in varying ways,...

The Formation of IPv4 Address Markets

Something odd happened through 2021 in the market for IPv4 addresses. Across 2021 the reported market price for the transfer of IPv4 addresses has doubled, from approximately USD $27 per IPv4 individual address at the end of 2020 to around USD $55 per address in December 2021. It has taken seven years for the market price to rise from just under USD $10 to get to USD $20 per address. The next year, 2020, saw the price rise a further USD $7 per address, and then in the next 12 months, the market price doubled.

Notes from NANOG 83

The network operations community is cautiously heading back into a mode of in-person meetings, and the NANOG meeting at the start of November was a hybrid affair with a mix of in-person and virtual participation, both by the presenters and the attendees. I was one of the virtual mob, and these are my notes from the presentations I found to be of personal interest. I hope you might also find them to be of interest as well... The year 2021 has not been a good year for Internet outages.

The Irrationality of Deploying IPv6

For the past few decades, there's been a relatively straightforward narrative on the economics behind the IPv6 transition that goes something like this: sooner or later, IPv4 scarcity will drive costs up until they exceed those of deploying IPv6. A competitive market will then make the rational choice and transition to a more efficient mode of production and deploy IPv6. This is textbook economics, and - with the disclaimer that I'm not a trained economist - it appears to be incorrect.

An IPv6 Update for 2020

The Australian Domain Name Administration, AUDA, recently published its quarterly report for the last quarter of 2020. The report contained the interesting snippet: "The rapid digitization of our lives and economy -- necessitated by COVID-19 -- continued to underpin strong growth in .au registrations. New .au domains created in December 2020 were up 23 percent from December 2019, while total domains under management were up more than 2.1 percent over the same period."

A Look Back at the World of IP Addressing in 2020: What Changed and What It Means

Time for another annual roundup from the world of IP addresses. Let's see what has changed in the past 12 months in addressing the Internet and look at how IP address allocation information can inform us of the changing nature of the network itself. Back around 1992, the IETF gazed into their crystal ball and tried to understand how the Internet was going to evolve and what demands would be placed on the addressing system as part of the "IP Next Generation" study.

Are Big Tech CFOs (Inadvertently) Stealing From Shareholders?

When valuing a stock, analysts and shareholders evaluate always revenue and profit. Big tech COFs are sitting on assets worth tens of millions of dollars of annual profit (not just revenue, but true profit) in the form of unallocated IPv4 addresses. By not selling or leasing these out, they are incurring expenses to hold them and missing out on tremendous profits. At a 20X multiple (for context, Cisco is trading at nearly 18X earnings, Google at just over 33X earnings, Shopify at well over 700X earnings), big tech CFOs are actively preventing over $250 billion in market capitalization for their shareholders.

An Open Letter to Big Tech CFOs: Save the Internet Before You’re Forced

Dear Chief Financial Officers of tech giants, the internet is in crisis, and you can lead your organization to help solve the problem. You'll be well compensated, and you'll enjoy massive public relations benefits. I fear that if you don't, global governments will force your hand. There is a shortage of available IPv4 addresses but we are years away (possibly a decade or more) from IPv6 viability and adoption in North America.