> But what technically allowed for so much progress?
The availability of GPU compute time. Up until the Russian invasion into Ukraine, interest rates were low AF so everyone and their dog thought it would be a cool idea to mine one or another sort of shitcoin. Once rising interest rates killed that business model for good, miners dumped their GPUs on the open market, and an awful lot of cloud computing capacity suddenly went free.
The availability of GPU compute time. Up until the Russian invasion into Ukraine, interest rates were low AF so everyone and their dog thought it would be a cool idea to mine one or another sort of shitcoin. Once rising interest rates killed that business model for good, miners dumped their GPUs on the open market, and an awful lot of cloud computing capacity suddenly went free.