~$19B of Ethereum-mining GPUs sit idle post-merge — Akash will target them
Most UNDERRATED Cosmos GEM? Akash Network Deep Dive with Greg Osuri! (Cryptocito)
“There are about, as far as I estimate in our own interactions, about 80,000 GPUs that were purchased for about 19 billion dollars to mine Ethereum. 19 billion dollars worth of GPUs are sitting idle post-merge… and Akash with GPU capability will be targeting those GPUs.” — 00:20:10
Context: Quantified supply-side thesis, from home mining rigs to data centers “sitting on 20,000 idle GPUs” (he names Hut 8 / web3 cloud operators). The 80,000 figure is as-captioned and sits oddly against $19B.