SemiAnalysis(@SemiAnalysis_):It doesn't make sense to say a subscription plan is worth $ X in isolation. The way to think about subscriptions is that your monthly payment grants you some numbers of “credits”. Each (model, token type) combo consumes a different amount of credits. Because credit cost ratios can differ dramatically from API price ratios, the “value” of the same plan changes depending on what model and workload you’re running. Here’s how the API-equivalent value of the same $200/month Claude plan changes depending on the model and workload. (1/6)🧵

2026.10.05 23:30

It doesn't make sense to say a subscription plan is worth $ X in isolation. The way to think about subscriptions is that your monthly payment grants you some numbers of “credits”. Each (model, token type) combo consumes a different amount of credits. Because credit cost ratios can differ dramatically from API price ratios, the “value” of the same plan changes depending on what model and workload you’re running. Here’s how the API-equivalent value of the same $200/month Claude plan changes depending on the model and workload. (1/6)🧵