[vlugorilla]

"They" refers to Qubic (by Sergey Ivancheglo), a blockchain network that uses a "Useful Proof-of-Work" system, so it is not built for traditional cryptocurrency mining that solves arbitrary puzzles. Instead, it uses the collective processing power of its miners to train an AI. Qubic's AI-training work is performed by CPUs, same as used by RandomX (Monero's mining algo).

Qubic was able to orchestrate its network of miners to temporarily halt their AI-related tasks and redirect their collective CPU power to mine on the Monero network instead.

Also, Qubic has implemented an economic strategy that involves selling the Monero it mines for a stablecoin like USDT and then using those funds to benefit its own ecosystem and attract more miners, and renting hardware to gain more hash power. The proceeds from the sale of XMR are used to buy Qubic's native token (QUBIC) from exchanges. These purchased tokens are then "burned" or permanently removed from circulation.

[sidewndr46]

This seems oddly similar to the whole IRON/TITAN thing years back, but with extra steps.

[greazy]

What's their objective?

[treyd]

My guess would be to turn the crank of a ponzi scheme until it falls off.

However,

> Qubic's AI-training work is performed by CPUs, same as used by RandomX (Monero's mining algo).

I don't understand how this makes any sense at all.

[fruitworks]

Gain media attention and pump their coin.