$19B of idle Ethereum-mining GPUs to unlock
Akash Weekly - November 2nd 2022 (Akash Network)
“There are about 19 billion dollars of GPUs that have been purchased and deployed for eth mining that’s just sitting idle… we are gearing up to have GPU support as soon as possible. I’m super excited to be able to unlock this GPU supply and offer it to the world at a significantly lower cost.” — 00:10:09
Context: Post-merge supply thesis: repurpose stranded proof-of-work GPUs for generative AI training and inference; GPU support is the next big update after Mainnet 4.