We want to send a huge thank you to each and every one of you who participated in the inaugural Based Mining Block Party. And a special thanks to the projects that added to the opening event: @gemminerbase , @betrmint , @megapot
We hope you all had fun, maybe learned a thing or two, and hopefully have a payout coming your way soon. ️
This is only the beginning. We’ll continue improving the pool, expanding the project, and finding new ways to grow until we become a true competitor in the mining space. It’s not a matter of if we hit a block...
it’s when.
What we accomplished together was genuinely based.
The amount of power we were pushing was meaningfully contributing to the Bitcoin network, and we ranked above mining pools that have existed for years. That’s no small feat.
This was definitely the first time people were mining Bitcoin on Base with the introduction of hashpower NFTs and most likely the first time Bitcoin miners and the Ethereum community came together like this to mine side by side. Its a sight to see BTC and EVM wallets tracked side by side on the leaderboards.
Like any new launch, we ran into a few issues early on, but thanks to many of you reaching out and pointing out things we were unaware of, we were able to resolve problems quickly. Most issues were fully patched and should never happen again.
Congratulations to everyone who participated. Stay tuned for updates… and an even bigger, more exciting Block Party next month.
Now for the rough part...but there's a silver lining here too...👇
Everyone else thinks this is an NFT mint play.
Physical ASICs connect via stratum.
Your rig hits the same leaderboard as every Crusher on the dashboard.
1 BTC jackpot. 0% fee. cbBTC auto distributed.
@BasedMiningCo
We have not hit a block yet. If you won our NFTs paste your wallet in the search bar on the platform and it will take you to your private dashboard where you can see your NFTs and the power they pushed out.
Whenever we do hit a block you would share a 2.1 Bitcoin rewards with everyone else who has contributed to the pool. Feel free to DM if any other questions.
We want to send a huge thank you to each and every one of you who participated in the inaugural Based Mining Block Party. And a special thanks to the projects that added to the opening event: @gemminerbase , @betrmint , @megapot
We hope you all had fun, maybe learned a thing or two, and hopefully have a payout coming your way soon. ️
This is only the beginning. We’ll continue improving the pool, expanding the project, and finding new ways to grow until we become a true competitor in the mining space. It’s not a matter of if we hit a block...
it’s when.
What we accomplished together was genuinely based.
The amount of power we were pushing was meaningfully contributing to the Bitcoin network, and we ranked above mining pools that have existed for years. That’s no small feat.
This was definitely the first time people were mining Bitcoin on Base with the introduction of hashpower NFTs and most likely the first time Bitcoin miners and the Ethereum community came together like this to mine side by side. Its a sight to see BTC and EVM wallets tracked side by side on the leaderboards.
Like any new launch, we ran into a few issues early on, but thanks to many of you reaching out and pointing out things we were unaware of, we were able to resolve problems quickly. Most issues were fully patched and should never happen again.
Congratulations to everyone who participated. Stay tuned for updates… and an even bigger, more exciting Block Party next month.
Now for the rough part...but there's a silver lining here too...👇
Ever wondered how a hybrid mining pool works? 🤔
At Based Mining, we ensure fair and generous rewards and have 0% fee unlike many of the other guys.
The block finder gets a full Bitcoin, and contributors share 2.1 BTC. It's a win-win!
Learn more at 🔗https://t.co/WSBFnuDDdu
#Bitcoin #MiningPool #CryptoEducation
A historical first:
Pool blocks deliver cbBTC directly to @base wallets. EVM meets @bitcoin consensus.
Slept on by legacy pools. An undervalued utility jackpot in The Shed.
Check the Dashboard.
@BasedMiningCo
@niubainan@gemminerbase@betrmint@megapot Do you think that hashpower rentals are free?
Do your research first. Renting hashpower costs money.
Your NFT represents a real hashpower rental.
Your dashboard shows how much power you pushed out.