Introduction to Decentralised Compute Marketplaces
With AI workloads becoming more computationally demanding, organisations across the globe are fast realising that traditional centralised providers aren’t always the answer to their burgeoning needs. And while compute giants (like AWS, Google Cloud, and Azure) continue to capture the limelight when it comes to AI processing, a quieter revolution has been brewing. Enter the decentralised compute marketplace, consisting of platforms capable of connecting organisations needing GPU power with providers who have hardware to spare, via decentralised mechanisms.
How Decentralised Compute Marketplaces Work
These marketplaces are capable of handling real workloads like AI model training and 3D rendering at costs that traditional cloud providers can’t compete with. They operate by treating GPU resources as tradable commodities with transparent pricing and real-time settlement, allowing enterprises to post computing tasks and providers to bid to execute them.
Top 5 Decentralised Compute Marketplaces
In this article, we will discuss five platforms worth watching as they strive to reshape how computing resources are allocated.
1. Argentum AI
Building a liquid marketplace for computing is harder than it sounds, yet Argentum AI has tackled this challenge successfully by treating GPU resources the way financial markets treat stocks. The platform operates as an independent, decentralised marketplace where enterprises can post computing tasks and providers bid to execute them. However, what truly sets the platform apart is its underlying infrastructure. Argentum uses real-time bidding, verifiable execution, and blockchain-based transparent settlement to unlock idle computing capacity.
2. Aethir
Scale matters in the infrastructure realm, and Aethir has achieved the feat quickly. Within a year (following its Token Generation Event), the project has established itself as one of the largest decentralised GPU clouds in today’s Web3 economy. The platform sources GPU capacity from tier 3 and tier 4 data centres, making them available through a distributed network of 3,000+ NVIDIA H100s and H200s, plus 62,000+ Aethir Edge cloud computing devices.
3. Bittensor
If decentralised compute marketplaces are disruptive, Bittensor takes it to the next level by turning AI itself into a marketplace. It does so by operating as an L1, where developers can train AI models and contribute machine intelligence in lieu of the network’s native TAO token. Earlier this year, the Bittensor team introduced Dynamic TAO (dTAO), an upgrade that allows each subnet to issue its own Alpha Token and compete for TAO rewards through open market mechanisms.
4. Akash Network
Akash takes a straightforward approach to decentralised cloud operations, in that it matches idle computing resources with flexible demand through an open marketplace. The platform allows users to rent computing resources from a global network of providers, with costs up to 80% lower than traditional cloud services’. The network runs on Cosmos SDK and uses a Delegated Proof-of-Stake consensus mechanism where users can specify their exact requirements (like CPU, memory, storage, geographic location) and providers can bid for these requests.
5. Flux
Flux combines the power of the blockchain with cloud computing through a unique Proof-of-Useful-Work v2 model, which replaces GPU mining with a node-centric system where FluxNodes running real workloads secure the network (reducing emissions by 10% annually and targeting sub-1% inflation). The platform encompasses FluxOS (a Linux-based OS for deploying decentralised apps), FluxEdge (a GPU rental platform for AI/ML workloads), and Zelcore (a multi-chain wallet supporting 85+ blockchains).
Conclusion
Decentralised compute marketplaces are revolutionising the way organisations approach AI processing and cloud computing. By providing a platform for organisations to connect with providers who have idle computing resources, these marketplaces are making it possible to handle complex workloads at a lower cost. As the demand for AI processing continues to grow, decentralised compute marketplaces are likely to play an increasingly important role in shaping the future of computing.
FAQs
Q: What is a decentralised compute marketplace?
A: A decentralised compute marketplace is a platform that connects organisations needing GPU power with providers who have hardware to spare, via decentralised mechanisms.
Q: How do decentralised compute marketplaces work?
A: Decentralised compute marketplaces operate by treating GPU resources as tradable commodities with transparent pricing and real-time settlement, allowing enterprises to post computing tasks and providers to bid to execute them.
Q: What are the benefits of using a decentralised compute marketplace?
A: The benefits of using a decentralised compute marketplace include lower costs, increased flexibility, and access to a global network of providers.
Q: Which are the top 5 decentralised compute marketplaces?
A: The top 5 decentralised compute marketplaces are Argentum AI, Aethir, Bittensor, Akash Network, and Flux.
Q: What is the future of decentralised compute marketplaces?
A: The future of decentralised compute marketplaces is likely to be shaped by the growing demand for AI processing and the need for more efficient and cost-effective computing solutions.
