Decentralized Compute Network Lium Hits $2.32M GPU Spend in October, Up 74% MoM
markjeffrey · x · 2026-11-08
Lium, the largest subnet in the Bittensor ecosystem, released its October figures: GPU compute spending reached $2.32 million, up 74% month-over-month, of which about 5% was actual captured revenue (roughly $116,000, before costs and promotional subsidies). Author markjeffrey stressed that the model involves no contracts and no "building on debt" like CoreWeave — compute is supplied by miners, analogous to how Bitcoin produces its product — arguing this makes for a superior AI compute economic model.
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