A recent study claims that the AI cryptomining network Pearl is consuming significant power and GPU resources without performing any verifiable AI computation. The network allegedly uses the equivalent of 320,000 RTX 3090-class GPUs, drawing 112 megawatts of power, to perform random matrix multiplications that merely mimic AI math. This activity has reportedly driven up GPU rental costs by 38% on platforms like vast.ai, impacting independent researchers. AI
IMPACT Widespread adoption of 'proof-of-useful-work' schemes could inflate GPU costs and divert compute from genuine AI development.
RANK_REASON A study claims a Proof-of-Useful-Work system is not performing useful work.
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