New AI-compute cryptocurrency Pearl sparks a GPU mining rush but profitability is already sliding — RTX 5090 daily revenue has halved to $17.19 since April
A new cryptocurrency called Pearl, which uses AI matrix multiplication for its proof-of-work, has triggered a surge in GPU mining. Despite initial high returns, profitability has rapidly declined as more miners join the network, causing difficulty to spike. The coin's value and per-card revenue have fallen significantly since its late April launch, with current estimates showing a substantial drop in daily earnings for high-end GPUs. AI
IMPACT Demonstrates a new model for AI computation integration into cryptocurrency mining, though current profitability challenges may limit widespread adoption.