There is already enormous demand for AI compute. If the team's work to make a state of the art fast inference stack pays off it will be a no brainer to use their software even without mining. Inference providers would get mining and its revenue as an added bonus with the flip of a switch. On the demand side I mostly find PRL interesting because it may end up as the most energetically secure crypto network. It may also cannibalize energy from Bitcoin if data centers switch over to PRL for more revenue. If there was a token that's more secure than Bitcoin I believe many would want it. Especially if Bitcoin energetic security is falling (it has been). As I've written before the energetic security question is open ended for me. I have bets on both sides of it.

Let's say $PRL captures 5% of AI data-center usage, big IF, and it will take time. I model that puts PRL at 20% of Bitcoin energy usage and cost to mine during inference at ~= $24.50/PRL vs ~= $1.15/PRL today. If $PRL gets to 25% of AI data center adoption then it flips Bitcoin in total energy securing the network, cost to mine during inference appears to be ~= $102/PRL at that point. For me the whole PRL story is an optional bet on this energy story and if it plays out. Do the economics claw energy, price, and demand up together? FWIW There are A LOT of assumptions in these models. Please read carefully and do your own math.

$PRL is cool but I won’t be interested in it until 2029 at minimum Supply is inflating ~0.5% per day currently, you will get a -80% drop regardless of how good this thing is. Doesn’t mean it cant 5-10x before that.

$PRL friends. I have a present for you. Meet My first draft at understanding the network from an energy perspective: - how much does it cost to mine / how profitable is mining and for whom? - a thesis check: is PRL on track to profitably climb its way to blockchain energy dominance? I'd love your feedback. What is blatantly wrong? What's missing? Very much a beta! Some interesting findings so far: - Doesn't seem to make sense to mine uselessly on frontier hardware ($2.24/PRL cost). But does make sense on idle already paid for GPUs ($0.68/PRL) or during inference ($1.31 at 12% loss, and less with new kernels). - PRL already uses 0.65% of Bitcoin's energy at only 0.15% of the FDV. Very interesting. For those of you who are just tuning in -- I am a big $ZEC guy because I believe privacy is a human right and I like how Zcash delivers privacy on L1 with a plan to deliver it to the world. That's why I created On $PRL, my thesis is that I think it may eventually dominate energy security in blockchains. The fact that PoUW is already showing the desired affect in our math here is promising. I don't consider these two monies direct competitors. I think they have different target markets for the next many years. Gimme your thoughts below or in DMs if necessary. Fixes won't be immediate but will come.

As of 27 September 2026, one ZEC buys 0.01949 BTC — up 7.9× over five years, up 38× on the year and up 208% over three months. Five years ago it bought 0.002454 BTC. In dollars that is $1,646.40 a coin (up 30× on the year and up 336% over three months), a market cap of $27.9B — 1.6% of Bitcoin's. Spot sits 4.9× above the realized price of $333 — the average price at which a ZEC last crossed a pool boundary — so the typical coin is held at a gain. Behind it: 28.9% of all ZEC — 4.90M ZEC, $8.1B — sits in shielded pools, against 23.5% a year ago and 7.9% five years ago. Ironwood, the current shielded pool, holds 3.99M ZEC, with 382k ZEC still in Orchard, its predecessor, crossing the turnstile. Transactions average 18,332 a day (up 6.7× on the year and up 308% over three months), of which 9,700 — 53% — are shielded, against 21% a year ago. Transparent addresses are being paid for the first time at 3,949 a day (up 5.5× on the year and up 215% over three months). An address is not a person: wallets derive a fresh one per payment received. 17.0M of 21M ZEC has been issued, 81% of the cap. Network security: the hashrate is 29.8 GSol/s, up 5.4× over five years and up 270% on the year. Block rewards run $2.5M a day — 1,516 ZEC of coinbase, of which 4.7 ZEC — 0.3% — is transaction fees rather than new issuance.