The Great GPU Illusion: Why Decentralized Compute is Mostly Blockchain Theater
When the silicon meets the ledger, the math tells a story of low margins and high-octane hype.
Selling spare GPU cycles on-chain sounds like the next digital gold rush, but beneath the buzzwords lies a low-margin utility business struggling to survive without token-fueled subsidies.
Marcus Thornewood
May 6, 2026
5 min