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AI cryptomining network's 320,000 RTX 3090-class GPUs allegedly burn 112 megawatts of power on ‘zero useful AI computation’ — GPU rental costs jump 38%, but Pearl’s cards are doing random matrix math, study claims
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AI cryptomining network's 320,000 RTX 3090-class GPUs allegedly burn 112 megawatts of power on ‘zero useful AI computation’ — GPU rental costs jump 38%, but Pearl’s cards are doing random matrix math, study claims

The mining protocol does not verify whether work came from real AI training or inference workloads.

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10 Tuesday AM Reads - The Big Picture
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10 Tuesday AM Reads - The Big Picture

The Big Picture·Barry Ritholtz·4 months ago
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My Two-for-Tuesday morning train WFH reads: • Inflation Is Stinging Bonds—With One Big Exception: Treasury inflation-protected securities are generating positive returns despite a rough bond market.…

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