a16z $1.5 million to clean the PoW mine? Pearl lets the mine boil again

Original Odaily Daily@OdailyChinaI'm not sure

Author |Golem@web3 golemI'm not sure

each year, one or two mineral coins appear in the encrypted market, rekindling the mood of the mine, and this year the project appears as & nbsp;Pearl(The Chinese name is Pearl)。

On April 27th, Pearl's main network came online, but it didn't get attention until this week. It's about May 27th@optimistSpeaking at platform X, a wallet suspected of being linked to a16z secretly hoarded more than $1.5 million worth of Pearl network token PRL. After the news fermented, the price of PRL tokens rose from about $0.6 to above $1.5, with a 2-day increase of over 150 per cent。

Internet a16z associated wallet hoarding PRL

It remains uncertain, however, whether the wallet really belongs to a16z, and there is a high probability that the community deliberately invented and disseminated information to provide the Pearl community ' s attention. However, it is certain that a16z did have a connection to the project: on January 26, 2026, a16z crypto research published an article on the founder of PearlOmri Weinstein  proposes a PouW algorithm, which is the core of the Pearl network(Odaily note: the article has been deleted)I don't know。

Practical Workload Certificate (PoUW): Both AI Logic Tasks and Mining

Pearl's core model continues to be the use by users of mining machines (GPUs) to dig for coins, and network designs are similar to bitcoin block chains, but its uniqueness is that it introduced a new workload proof mechanism based on POW - the Practical Workload Certificate (PUW)。

IN THE FORMER POW BLOCK CHAIN, MINERS MAINLY USE COMPUTERS TO SOLVE THE PROBLEM OF PASSWORDS TO SECURE THE NETWORK, WHICH ARE OFTEN MISCALCULATED AS MEANINGLESS CALCULATIONS. THERE IS NO OTHER WAY THAN TO SECURE THE BLOCK CHAIN, ESPECIALLY IN THE CURRENT WAVE OF AI, WHERE VALUABLE COMPUTING RESOURCES ARE WASTED。

In order not to be wasted, Pearl's PouW abandoned the SHA-256 algorithm and used the Matrix Multiplication (MatMul / GEMM) in AI calculations。User GPU's computational resources for Pearl main network not only will be used to protect Pearl network security, but will also perform AI workloads to provide AI training and reasoning services to large model manufacturers, thus making real valueI DON'T KNOW. FROM THIS PERSPECTIVE, MINING COINS ARE ACTUALLY AN INCENTIVE FOR USERS TO PARTICIPATE IN AI CALCULATIONS。

The PoUW of Pearl is called practical because it enables GPUs to produce proof of block chain workload and produce tokens while training and reasoning loads in AI. Now, Pell has launched the Gemma-4-31B-it-Pearl endpoint (the Google Gemma 4 31B model) in collaboration with the Large Model Training Platform Together AI, and the developers will have a 25% discount on the endpoint, which will be subsidized by excavated PRL tokens。

The Pearl network output is based on PRS, with a total supply of 2.1 billion units, and the average number of block-out times set by the network is   194 seconds, but the number of coins per block of the Pearl network is not fixed and there is no mechanism to halve it, but is determined by a distribution curve. One of the core formulas of this curve is A(t)=t / (t + H), A(t) is cumulatively allocated to tokens, t is the current block height and H is fixed at 650226 (the corresponding four-year block height)。

Based on the PPL cumulative distribution ratio, it is possible to estimate the amount of tokens that each block will produce. Of course, as an ordinary user, we can go straight to PearlBlock BrowserInformation on the total amount of current currency output, the number of block incentives, the height of blocks and the average amount of time out of blocks is not required for personal calculations。

AS SHOWN ABOVE, THE CURRENT EXCESS 8.8 PER CENT OF PPRL TOKENS HAVE BEEN EXTRACTED, AND THE MARKET VALUE OF THE PPRL IS OVER $300 MILLION IF CALCULATED AT $1.65。

Description of mining and ecological integrity

In the current situation in the encryption market, it may seem that the value of the PRL has been somewhat overestimated, but this is also due to the increased cost of mining. Pearl supports both the use of its own GPU for mining and the direct lease of cloud-side GPU for mining on the platform, as shown below in the chart Pearl has launched 3 packages, which have been sold empty due to the high heat of the project。

The mining costs of these three packages are not cheap. In the case of a set of meals, for example, US$ 1099 could be rented for 1,000 TH/s for 10 days, while the cost of renting 1,000 TH/s per hour would be approximately US$ 4.57. Community members@AKAKAY04  produced a simple  PRL MINE COST ESTIMATER, the average cost of each PRSL per hour per meal per meal and of the algorithm that is extracted is US$1.51-1.77, which is closer to the PPL market. Even if the package is purchased, the PPL cost can only be reduced to US$1.33-1.56。

Thus, if you want to be involved in mining in the Pearl network and earn money, you must rent a GPU at a sufficiently low cost, with the community currently recommending more rental card platforms: Runpod and vastai, 4090 and 5090 cards at a price of 0.5-2 hours。

When the lease card is successful, the user may choose to join the Pearl mine for mining. At the moment, Pearl has four main pondspearlhashi don't knowAkoyaI don't knowi'm sorryCommunity members@peterdai111  summarizes the characteristics of the four ponds and the user can refer to the assessment and choose. (Odaily) Note: Specific processes can be asked about AI or reference community members@0xtonixiethe curriculum)

Pearl has only a month since the main online line, and for a new project, its ecological development has been perfected, with communities playing cross-links, OTC platforms and NFTs, in addition to the spontaneous launch of mine ponds and block browsers。

PearlBridge  is the first Pearl network cross-bridge project to support users in locking down original PRL tokens and in casting WPRL in the Taifung. The project owner charges 1.5% of the deposit handling fees (minimum 4PRL) and exchange fees are not required. The project has now locked over 320,000 PRLs, WPRL users on the EVM chain to trade freely on OKX Web3 wallets or other DEXs。

users can also be in  pearl-otc& nbsp; The Platform buys and sells its own original PRL tokens, which is a non-hosting trading platform, USDC transfers between buyers and sellers' wallets directly, and PRL is stored in a “2-of-2 ” multi-signature hosting account jointly signed by the seller, where the Platform cannot transfer funds unilaterally. The platform is currently the main reference platform for PRL prices, is more mobile, and also allows view of PPL price fluctuations

PRICE VOLATILITY CURVE FOR PRL

On 23 May, the encryption exchange, SafeTrade, also went online on PRL, but the trading platform was small and not well-known, and if users trade PRL on that platform, they need to be careful about financial security。

No more "invisible" mineral-coated wheels

A default rule in the mine is that, no matter how innovative the mineral currency model is, the core logic is always “drilling and selling”. POW mining is essentially a mathematical game, where only cold machines, sophisticated input output calculations and greed to squeeze the last profit before the crash, are not regular project tokens, because there is no fundamentals of value, nor is it Meme, because there is no attention and cultural consensus。

As a result, the fly-wheel effect of the mine currency is no longer invisible, “the miners dig out the coin — design buy drive — the price of the coin increases — the wealth effect — more people are willing to dig”I don't know. The core of this model is always to have an inventory, but there is no permanent motive in the world and there can be no unlimited buy-in in the market. It can be said that the mine coin is a train that runs to the cliff from the very beginning, and everyone sees it and always trusts that they will get out of the car before the last minute。

In the past, some miners have used “self-drilling” to create pseudo-market demand, and their main profit is not from selling money, but from buying machines by users, but when the cost of doing so is higher than the profits of the machines, the pattern will also collapse。

And look at Pearl, there's a view that it's not just a mine currency, but that there's a chance to grow into the next Bittensor Trust. Because Pearl, the largest difference between past ore projects, consumes computing resources that are not just used to price PRLs, but are actually used to provide AI training and reasoning services to large model manufacturers in the physical world, which is the value of Pearl practical POWs, so Pearl is more like a DePIN project。

However, in terms of current project progress, this value is more of a lossI don't know. Because the current core achievement of the Pearl network is based on an accurate integer matrix multiplicationI don't knowThe modern AI workload (especially large model training) is not carried out in an INT (integer) environment, but relies on low-precision float-point formats, and it is technically challenging to extend the current PoUW mechanism to the floating point data type。

Thus, the future of Pearl's death spiral spell requires real technological power, capital and institutional support and platform, rather than an “infinite imagination” of today's a16z。