# Enormous idle GPU supply sits in crypto miners and warehouses

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2024-08-02
- **Theme:** GPU Economics — https://www.gregosuri.com/predictions/gpu-economics/
- **Source:** Greg Osuri of Akash on Unlocking DePIN Capabilities for AI Model Training (Nebular)
- **Watch at:** 00:05:51 — https://www.youtube.com/watch?v=AWKVdqzUBAg&t=351s
- **Canonical:** https://www.gregosuri.com/predictions/gpu-economics/2024-08-02-enormous-idle-gpu-supply-sits-in-crypto-miners-and-a32p/
- **Cite as:** Greg Osuri, "Enormous idle GPU supply sits in crypto miners and warehouses," Greg Osuri of Akash on Unlocking DePIN Capabilities for AI Model Training (Nebular), 2 Aug 2024, 00:05:51. https://www.youtube.com/watch?v=AWKVdqzUBAg&t=351s

## Quote — verbatim

> There's enormous amounts of chips actually available right now, essentially for free, in crypto miners... when companies upgrade their chipsets... the older models are available — there's a whole supply chain that buys up these older models and they just sit idle... sitting in warehouses and not being used.

## Context — site annotation, not spoken

The supply side of his DePIN thesis: post-Ethereum-merge miner GPUs, superseded chip generations (V100s after OpenAI moved to A100s/H100s), and ML companies' idle time between training runs.