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BIGCOIN AMA ✳️
Recorded: Aug. 27, 2025 Duration: 1:16:33Space Recording
Full Transcription
Thank you. you Thank you. I so Thank you. I'm just so excited. Thank you. what's up everybody it's the bitcoin ama it's a casual space for people to ask questions
learn about bitcoin shoot the shit um trying to get ej up here as well. He's probably in a tunnel, metaphorically
speaking. But PeePee, you're here. How you doing, man? I enjoyed your little video trailer
today. Celebrating Pengu.
Yeah, man. I'm doing great. Thanks for inviting me to come. I think last time me and you did
one of these spaces, it was before the CTO. We're just both fans of Bitcoin.
So thanks for the invite. I'm looking forward to hearing people.
What are we calling that? BCTO and ACTO?
Yeah, whatever. But yeah, it was before the CTO. And we were just all fans of what Big Toshi
created and just been nerding out about it ever since.
All right. I got a hot question for you since it's an AMA.
Don't answer with the obvious choice.
What is your favorite Bitcoin miner?
Besides the Blackwell?
Right. That's the obvious choice, but half-rate aside. I really like the Enterprise GPU, just because it was artist design.
I think whenever you guys dropped that, it sparked a few ideas of how these things could be not only useful,
but artists could design specific min miners to make your room look
a little bit cooler.
I think that's probably my favorite one other than the Blackwell.
Yeah, I think that's a crowd favorite.
That one came out for the optimization event because the price for hash was pretty solid,
and it was the first post-CTO miner that was introduced.
it was the first post-CTO miner that was introduced.
And yeah, I mean, I think over time,
much like in the real world of mining,
machines get deprecated.
They're older, they're not as efficient.
So you could foresee new machines being introduced
as time goes on, as more havenings happen,
just like computers get faster and faster over time.
So we did post on the Bitcoin account
that when the Havening takes place,
which presumably will be Saturday,
one of the miners will be retired.
So you guys can guess which one that is.
It's not going to be a Blackwell, I'll tell you that.
But one of them will be retired.
So if you want to complete your set
and have every miner before it goes offline you can get it now uh or you'll have to get it on secondary
afterwards so yeah um but yeah the purpose of this space honestly is uh one to let people come
up and ask questions or ask questions uh you know in the reply to the space uh just to learn about
big because i think it's getting a lot more visibility.
It's not a typical type of project.
So I think us doing these kinds of spaces
occasionally would be useful
just to give people a chance to ask questions,
naive questions, dumb questions, smart questions, whatever.
We just felt like it was time to do one of these.
And then for the pros,
I mean, always a good opportunity to really dig into the weeds.
I think no one on stage right now is extremely technically proficient.
We have much smarter team members who help with such things.
It's a really nice way of saying PP is an idiot. Thank you.
I mean, anybody who watches the video you posted this morning is going to know that but um but you're talented
and you're eloquent and you're kind and so those things are worth something in in today's world
um yeah all right ejr you're up how you doing man i'm going to ask you the same question i don't
know if you were you were still on when when you had to duck out but i asked pp what his favorite minor was so i would like to direct that question to you can't say blackwell
no can't hear you man pp can you hear him
okay ejr we cannot hear you sir um i don't know when your birthday is but i'm gonna
buy you a new phone for your birthday that's gonna be my gift to you um so so yeah uh let's
let's let's let's open it up ppr you know hang out as long as you can also if you have questions
you can ask as well um i don't know yeah dude i can start just throwing them at you if you want me to yeah man we got we got a list going but why don't you kick it off yeah so like for new people i kind of
asked you this yesterday but like i think you know for a seasoned bitcoin miner somebody's been
mining for you know you know bitcoin and other coins back in the day like a lot of people who
are just freshly coming into this are coming into
it right before it happening. What does that mean? I know it probably sounds like a dumb question to
ask for most of the people listening, but if you're fresh into mining, what does the happening mean?
Take me through that process. It's kind of a nothing burger, in my opinion, and nothing
exciting happens. You just kind of get half the
uh the mining rewards but yeah yeah I mean that's that's kind of the idea so going back to the uh
the Bitcoin uh white paper BIT uh Satoshi basically uh programmed into Bitcoin uh
minor emissions right so the their network is sustained through people who are mining, which is put simply a bunch of computers, running algorithms, and securing the network, meaning that
there are thousands or millions of people all over the world that confirm all the transactions and
actually help mine the token over a long period of time. So in Bitcoin's case, very similar
situation minus the physical infrastructure, but all of us who have these virtual mining rooms are getting token emissions.
We're mining over time and we're getting token emissions. that every certain number of blocks that are mined, the amount of emissions, tokens that
you can mine goes down by half.
And it's halved every time that that takes place.
And so, you know, the immediate reaction is like, oh, well, that sucks.
You know, I put money into these miners and I'm getting half the token now than I was
a few weeks ago.
But the purpose of that is to account for
the rise in demand. So more people, you know, over time with Bitcoin, for example,
engaged with that token and engaged in mining and the demand went up. And, you know, that's why
Bitcoin now is over $100,000 versus when I bought it for the first time when it was $8.
And so presumably if that takes place with any token emitting, you know, chain, you need to reduce the amount of tokens that are given to people because otherwise that's not sustainable.
Right. So demand goes up. Supply needs to go down and so yeah last time there was a happening with bitcoin um
the price of bitcoin was 26 cents so if you're just going by pure like math the price of bitcoin
after this happening should be 52 cents but it's it is above 52 cents so we're we're doing well
here uh but if anyone's expecting it for it to double after saturday like you know if right now it's at 260 if you think it's gonna go to 520 immediately
probably not um but maybe i don't know we'll see the yeah the way i'll look at it and this is like
you can actually look at the chart anything that's like inflationary deflationary uh like a token
it's always like supply and demand comes in like very very heavy so like
uh i think bitcoin right now is seeing a demand issue like a demand uh that it's
surpasses the original demand that it first came out but there's just more tokens on the market
uh because like when the coin first came out and like the mining game first came out
like people were obsessed
with it was really cool but the supply was so low uh that's why you saw that price just increase so
looking at the amount of tokens that's been mined so far you have like 17 million coins and then
like 10 million have been burned so the way i look at is like every single happening that supply
on the market gets lower and lower because the amount of Bitcoin that people are mining goes in half. So you're basically, it's just like Bitcoin, like the supply is being crunched to meet the demand.
And if you like math and you're bullish on math, then you should be very bullish on not only the way, you know, Bitcoin and other mineable tokens work, just Bitcoin as well.
Yeah, I mean, I will say that last time there was a happening, there really wasn't much of a change in the price.
It just kind of, yeah, like you said, it was a nothing burger.
It was a non-event.
place might get a little bit of a shock if they're not as familiar with the system. You know, one day
they're maybe mining 10 Bitcoin a day and then after Saturday it's going to be five and they
might be like, whoa, what the heck is this? But, you know, that's why we're having spaces like this
right now to explain that and and yeah this is
going to continue every 50 you know one-ish days um pretty much forever i mean if you know if you
cut something in half and half and half and half and half you never really get to zero but you get
to like essentially what is zero because the number becomes so small it doesn't matter and
that's going to take a few years unlike bitcoin which um you know that was built to to last for decades uh bitcoin is is a
you know a much faster version of it um ejr let's let's test out your mic how you doing testing
testing can you hear me yeah man all right cool Okay, so yeah, as PP said, much smarter people on the, as you said, much smarter people on the team than us.
And I'm a big fan of PP because I can pronounce his name because it's only two letters.
Favorite minor would probably be Bunya's because it's the first time we collaborated with an artist, which was really incredible.
And then aside from that, the potato miner,
because that's where it all started.
I apologize about the technical difficulty.
At first, when I jumped in, I was invisible.
Then I had breakfast and I was cleaning off my keyboard.
No sticky key jokes, but yeah, that's what I was doing.
And then you couldn't hear me, but I'm here now.
And I think it's incredible,
everything that's happened so far
and the attention around it.
And I learn a lot each time we do this stuff because, you know, we each focus on different areas.
But learning about the halving and kind of how the math works as well is really helpful for me, too.
Yeah. And I mean, same. I'm still learning a lot. I, you know, proof of work and that sort of type of, you know, activity in crypto is something
that I think is unfamiliar to many.
And I engaged in it very early on in like the Bitcoin and Ethereum mining days and do
a little bit today to some degree,
but I've got a lot to learn as well. And so I think it's cool that Bitcoin has actually brought
a lot of people back into POW to get them learning about it, get them interested in it.
And yeah, I mean, hopefully this is kind of a gateway to actually mining with physical
computers as well.
I think it's a really good mechanism for releasing tokens.
Talk to me a little bit about the decision to go NFTs and kind of what that means for Bitcoin as a whole.
I was honest, I'll be honest with you guys, I was super skeptical of the idea just because I was like,
I don't know if the demand is going to be good to, you know, meet the open market. But you guys changed my mind just because like being able to get miners at a discount.
And because like I was super bullish on the idea of like having to burn big to get miners, but
you're still seeing people mine our
like mint things on chain but yeah talk to me about uh how big of a deal dude the open seat
volume alone i think on secondary miners is just really cool to see you want me to jump in or
yeah man go for it so when we did big pool early on i I had mentioned, I said, I think these should all be NFTs.
And I just really felt that way because, first of all, more exposure.
There's a lot more that you can do.
You drive secondary volume.
It's just, it puts it other places.
And there's a lot of very unique things you can do, which make it very, very interesting.
Now, I didn't know the math involved or the back end if it was difficult to do or not, but I think it opens up
many doors, which is what we're trying to do now in all areas, because it's not just a coin.
It is an ecosystem. The rooms have a lot of power, but the NFTs open it up to all different things.
And then when you got to a certain point and we're looking at it like, okay,
when we got it, I think it was like 17 cents or 20 something cents.
And at that point, maybe a lot of people weren't even looking at their rooms anymore and they maybe
wanted to get out. So it gives them an opportunity to kind of,
to do that gracefully, but then let other people come in and it also kind of gives
you mass exposure as well you get a lot more exposure yeah and i was gonna say i mean your
pp your um you know concern i think was valid because the worst case scenario would be you've got a ton of people who bought
these miners early on for a relatively cheap price and have just been, you know, mining and dumping,
mining and dumping. And then when these miners became NFTs, they would just go and floor them
and just be gone. And that was valid, right? I mean, that could have happened and that would have looked bad.
But I think the alternative was like even in that situation, then, you know, people would have scooped them up quickly, become more engaged.
And then you have a higher quality mining pool, which is good.
But even that situation didn't really last at all.
I mean, I think we saw like, you know, Blackwell selling at first for just under an ETH at worst, right?
And that was still making people pretty happy to see.
And now we're well past that.
But yeah, I mean, for me, the strategy was, you know, follow the logic of what video games do, which is most video games that people play use a stable currency because they need to know that this cosmetic, this sword, this gun, whatever, this character costs $10 today and costs $10 tomorrow.
And it doesn't go from like $10 to $100 in the same week.
That's a huge problem.
And using big as a primary currency in the game is good to drive demand for big but it can cause
massive fluctuations in the currency which is bad for games uh whereas using ethereum which is
pretty much what people are doing now to buy the miners on secondary while not a stable coin is is
far more stable in price than than bitcoin is so i mean i think the experiment has worked out and
um you know obviously the room still need to be upgraded with Bitcoin and things like that.
So I think it's a healthy balance now.
And it opened the door for flex items, these cosmetics and rarity and scarcity, which has been huge.
Without NFTs, you can't really do anything with that on the back end or later on.
that's what i was gonna like actually another topic i was gonna bring up is i think uh you
That's what I was going to like.
know a lot of people are getting excited about the idea of a mine pad where like if you mine
another token uh you know the big that you would be mining would be locked up in these liquidity
pools of all the other tokens and i think defy guys are seeing that and like you know licking
their chops on like you know the potential of what big become
there um but i think you guys proved on monday kind of blew me away uh like dropping like a
you know that big toasty statue just as a like a flex item like one of a hundred and seeing that
men out in like 15 minutes it made me realize realize, I was like, dude, there's like more demand for like, there's people who like want to flex out stuff in their rooms and, you know, a thousand bucks a pop, seeing that men out in 15 minutes and 75% of that income just being burned.
I don't know.
Like, I was like, this is like something I wasn't expecting.
So props there. Yeah. I mean like, this is something I wasn't expecting. So props there.
Yeah, I mean, they went faster than honestly I expected, which is cool to see.
People like to flex.
And I think what's exciting to me is that there just haven't been a lot of ways to flex with NFTs in the last few years, right?
There's basically changing your Twitter profile picture to show everyone that you have you know insert nft and then and then games but you know that hasn't really taken off in a
significant way i mean some some games have done decently we've seen a few on the abstract ecosystem
but um this is a pretty unique way to flex right like every every person's room mining room is
public and kind of like you know if you ever played Animal Crossing or games like that,
people would share their islands or their rooms and be able to show off.
And so now, if you send somebody your room or you screenshot your room,
you can show off that you have something rare.
And yeah, I mean, the big Toshi drop, the statue was pretty great.
To be clear, that's not going to happen very frequently, right?
Like, you don't want
to be dropping really rare, expensive items too frequently. That kind of dilutes them. But
you can imagine a few times a year sort of situation. And yeah, there's only 100 of them.
And the idea that we've kind of talked about in public is that for most cosmetics, they'll be in
the shop for a bit, then we'll close the shop down. Those will forever be retired. And then when we come back, there will be brand new ones. And hopefully what people have seen with this latest batch is we're being pretty methodical about it. but rather they're mostly, you know, they're partnerships with other abstract teams. Maybe they have functionality.
So there, yeah, there's a lot more intention
in terms of what those cosmetics are going to look like
besides just kind of like aesthetically looking interesting.
And yeah, you know, some of them,
some of them even mine one or two big,
or have like a little bit of hash rate
that go along with them.
So technically they are miners.
But yeah, it's been great to see,
like if anybody looks at the OpenSea activity,
the cosmetics are selling just as frequently,
if not more than the miners themselves.
So there's definitely a lot of flexing going on.
Bitcoin Batty, I wanted to introduce you.
I've been seeing your tweets all over the timeline.
Good to have you. How you doing? And tweets all over the timeline. Good to have you.
How are you doing? And would love to answer a question if you have one. Yeah, yeah. Hey,
thanks for having me up here. And EJ Borg, you guys are Chad's, you know, great job of what
you're doing thus far with Bitcoin. And I'm super bullish. I do have three questions. Two of them are pretty quick.
So the first one is, do you have any plans to make facilities into like an NFT?
And the second question, the second easy question is, we saw Pengu cosmetic.
Is there an opportunity for his wife, Polly cosmetic?
We'll start there.
And I just have one other question at the end
um that's funny uh so on the rooms um we've had a lot of conversation about it a lot of people
have brought it up it is technically uh very challenging to make rooms into nfts and besides that part um it also can create a lot of marketplace problems you know in
terms of are the room are the miners in the room coming with the deal do you have to unstick them
all uh before you're able to sell the room and so you know those those issues on top of the fact
that um in some in some ways it kind of protects the network by not allowing people to essentially sell their account.
It just, yeah, in the short term, no plans to make rooms in NFTs.
The analogy I've been sort of sharing with people is, you know, you can sell your items in a lot of video games, but you can't necessarily easily sell your account. You have to like actually give someone your password and your login
to transfer your World of Warcraft account. And so, yeah, in theory, like you can give someone
your wallet, you know, if you really want to transfer your rooms, you can do that. But
there is, um, there is a, uh, an argument to be made that we are protecting the network by not
allowing people to just transfer
rooms. Because you can imagine somebody with a lot of cash coming in and saying, I don't want to do
the work. I want to just buy up a bunch of maxed out rooms, get all the black wells, and come in
and extract from the ecosystem. And obviously, you can still buy miners en masse if you want to,
but having to at least go through the process of leveling up your rooms and spending Bitcoin somewhat dampens that.
So, yeah, I mean, long answer is basically no to NFC rooms.
Yeah, for rooms, I mean, your room is your wallet.
And I think it's good that there's something that's not going to be an NFT.
good that there's something that's not going to be an NFT. As far as jumping on the second question,
I'm not sure if everyone knows CVS, but literally our telegram looks like a CVS receipt that you
went shopping for the month right now. If there's a group, they've been in contact with us, we're
talking to everybody, and we're just looking at the best possible people to partner with and bring
out the items. I think Polly is a great coin. I mean, we don't currently have plans to,, we're just looking at the best possible people to partner with and bring out the items.
I think Polly is a great coin. I mean, we don't currently have plans to, but we're talking to everybody. And I think it's great IP. I think it's a coin that did top volume for a long time,
impressive team. They have a lot of different things. I actually brought it up the other day.
So I would like to see that at some point. Okay, great. Yeah. And then the last question is,
it's just more about like the CTO and, and, you know, feel free to only share what you're able
to, but what was, what was the discussion with Big Toshi? I mean, why, why did he step away or
did he really step away? Is he helping the team in the background? I mean, he started the project.
I assume he had a lot of passion for big and and, you know, he had these big visions.
Right now, to me, I just, you know, you guys said he stepped away.
Like, was that really difficult for him to step away, and did he actually step away for good?
It's actually PeePee.
PeePee is PeeToshi, so.
Please don't put that on me.
It's PeeToshi, but he spelled it wrong.
Yeah. Great greatest con ever yeah I mean he he is around we you know we can get we occasionally message with him and we've shared
this you know to some degree and in public but uh it you know the, if anyone remembers the early days, at one point, Bitcoin was going over $15 per token, which for Abstract in particular is complete insanity.
It truly took over the timeline.
And with that comes massive expectations and stress.
And, you know, he had a really strong idea. Uh, he, he built
Bitcoin and, and, you know, drafted the white paper in a relatively short amount of time.
He thought it was an interesting project. Um, you know, made a good amount of money on it as well,
but, uh, it became much larger than, than he was comfortable with and uh i think that you know thanks to some
of the work that we did with uh with big pool which was kind of built around big toshi's vision
um that gave us you know a good opportunity to kind of build a relationship with him and then
eventually you know offer to to take it over and and that really started off as like hey dude we
just want to help you like we didn't come in guns blazing, like, hey, you can't handle this.
We want to take it over.
It was more of just like, if you need some extra support, we can do that.
But that turned into, why don't you guys just go ahead and CTO it?
And so, yeah, that worked out. And he, you know, I've said this many times, like he was super gracious, you know, handed over contracts, codes, website, you know, got us connected to all the people that he was working with.
He really did it the right way.
This wasn't a typical like meme coin CTO where, you know, founder disappears forever and then people just step in and completely have to rebuild from scratch.
He did right by us. I think he's deserving of the cosmetic that was just dropped.
And, you know, will he sort of reemerge at some point? We'll see. You know, he runs his own
account and hasn't tweeted in a while. And maybe he's just taking some time and thinking about what
he wants to do next. He's not actively involved. think like if we message him you know once a quarter or something
just to kind of check in that's probably going to be the the extent of it but uh yeah i think
he's playing the role of satoshi nakamoto and just stepping away from his vision and letting
other people run with it and uh i think that's pretty cool. And hopefully over time,
the group of people who are helping manage Bitcoin
can grow and get bigger
and start to look kind of like what Bitcoin looks like,
which is hundreds of people,
thousands of people all over the world
contributing to the network in a really significant way.
Great. Yeah, thanks for answering my question.
That's all I had.
Yeah, man, for sure. Thanks for answering my question. That's all I had. Yeah, man, for sure. Thanks for, thanks for being involved and, you know,
all the positive tweets and helping people on the timeline and all that.
EJR, I was going to ask you, what's your,
what's your favorite abstract project besides Bitcoin that you're not
involved with? Like, I'm glad you're not involved with. Yeah, good to hear. I'm glad you're into the last part.
Yeah, good.
I wasn't going to say anything.
I'm on anyway.
Hold on.
Let me think about what I'm not on.
My favorite abstract project.
Oh, well, that's easy.
It's a tie, actually.
And I don't mean to be that guy, but it's a tie between Gigaverse and OCH.
mean to be that guy, but it's a tie between Gigaverse and OCH. Both founders are just pushing
boundaries and providing so much inspiration for me as a founder. And I think that space needs more
of that. I think since we've seen Abstract come out, I always say this, I look at it like this
brand incubator where magic can happen. You can double dip on rewards between the brand
and abstract. And if you show abstract that you can grab attention and hold it, that they really
support you. Gigaverse, Dith, I speak to him all the time. He's fantastic. He's just doing
so many different incredible things. Scarley, I'm such a huge fan on. So much effort went into
making that Dragmont flex item, something that he would be so proud of.
And the way he reacted to it was just phenomenal.
But I just love both projects.
And I love everything down to how different the revenue models are.
I've never seen anything like OCH that has a token and so many collections and such consistent churn.
It is so difficult to have so many collections and balance something
like that. Everybody should own Flav. And in terms of Gigaverse, same thing. I mean, Diff,
I have known for a very long time, and he's incredible. He's just incredible. The things
he's doing with the game have actually inspired a lot of some of the things that I'm thinking about
doing with big where you it's not just a coin like you have this environment people visit every day
and there's so much that you can do with that so I think that founders like that are changing the
space and I actually think there's always scammers we always see that shit but sorry to curse but
whatever um but when we lift each other up, and then people get excited about what
founders are doing, it inspires other founders to kind of push the boundaries and do better stuff.
And that's what we're seeing now with Scarly and Diff and Gigiverse and OCH. And I'm not saying
there's not other good projects. Bearish, there's a couple others. If I'm not naming you, it's just
because, oh, well, Bunya too. I mean, with art, it's incredible how the community rallied around that because we saw
a lot of flipping during the mint.
But then you do not usually see a project come back from that.
And I'm going to say, I offered to help Bunya from the start with like free marketing, free
whitelist allocation.
I turned down 99 of the founders or clients that I meet with.
If I meet with 15 a week, I turn down most of them.
With Bunya, I messaged him.
I said, I'll do everything with you.
Artists like to do it themselves sometimes, but the art, everything is just so beautiful.
It's so different.
And it was so important to him.
And he's just been so incredible to work with.
And I think that this is just the beginning for him.
He's going to be so much bigger.
So sorry for the long answer, but there's a lot lot going on that abstract that is very exciting in this space
and i genuinely love it no i shout out to bunya dude is absolutely a chad uh has been helping
you know with with a lot of the the art um the new stuff that you guys have been seeing and um
i you know i worked in uh in in the agency uh business for a
long time like the marketing agency pr advertising and a lot of times you know you give instruction
to someone who's like say a designer and you've got to be extremely detailed because you're not
going to necessarily get what you ask for and and bunya is just a mind reader he gets the brand
we're just like throwing some crazy
shit at him like here's a couple of sentences an idea and every like literally every time he came
back with a piece of art he pretty much nailed it the first chance like first try he just get he just
got it so it's been a pleasure to work with him and uh hopefully he you know he gets very busy
but not so busy that he ignores all the messages and says, you know, you guys got to pay me $10,000 every time we do something because we can't afford him.
But I hope that that becomes a problem for you, Bunya, because you're awesome.
It is going to.
And one more thing, inside joke.
Bunya, you have excellent taste in handbags.
Oh, man.
All right.
That is a very inside joke.
If you're just joining, we are doing a Bitcoin AMA.
Feel free to come up to ask a question if you'd like,
or you can reply to the pinned tweet with a text question
if you're shy or not proficient in English.
All are welcome.
I can go through a couple of the questions that we got on
Twitter here. So one of them is from Alberto. When there's going to be high demand, people
will be joining the project by upgrading rooms because they're not NFTs. How will you manage
the burn and token supply shock? Yeah, so that one thing that people can see if you're if you're in your mining room,
there's a tab on the left side that lets you go between local and global. And you can look at the
global hash rate and you can see that over half of the the big token that has been mined thus far
has been burned. And so a lot of token has been burned and a lot of token will continue to be burned.
The pivot to NFT miners was actually really timely because if it remained the same where you could only buy miners in game, then a significant more or a larger amount of big would be burned. And we're getting to a point where the supply is almost like it's too low, right?
Like Bitcoin has 21 million.
Bitcoin was programmed to mine 21 million.
But obviously, we're going to have much less in the end because of the burn mechanism.
So now the pressure to burn Bitcoin is only coming from people minting new miners or cosmetics and from room upgrades.
from people minting new miners or cosmetics and from room upgrades.
But the bulk of the burns, which was coming from the miners, especially the heavier miners,
we're not seeing that much of anymore.
So that was timely.
And if it gets to the point where this pace of burn continues,
then there will just be a low supply of Bitcoin and the unit, you know, the unit denominations
will be very unusual instead of most, you know, coins that you see in crypto, which are like 0.0000005,
you know, cents. It will be the decimal point will be in a very different location. And then perhaps
much like Satoshi's are referenced when it's when you're talking about fractions of a Bitcoin,
satoshis are referenced when it's when you're talking about fractions of a bitcoin um there
needs to be some sort of a name for a fraction of a bitcoin i haven't i haven't thought of anything
or i don't know if you guys have thought of that but uh we might need to get to that point if we're
talking about large uh large digits to represent uh one bitcoin so yeah yeah, start marinating on that. Bringing up Blair Bear, been seeing you in the
timeline as well. Thanks for joining us. We'd love to hear from you.
Yeah, long time listener, first time caller. Glad to be here. Yeah, so my question is around
the rooms. And I know that the existing max room is you know portal
lab one says the final room but will we ever see power output max cap increases
above the 40,000 gigawatts well it's portal Lab level one. So you know, you can remember.
And I think the description says the final room in quotes.
But yeah, I mean, look, I think we've made it pretty obvious that it isn't going to necessarily
be the last level.
So over time, you know, with physical proof of work mining,
computers get faster, people consume more energy,
they start hooking up, you know, mining facilities to nuclear power plants.
And so, yeah, you know, over time, it makes sense.
The portal room was the first, pretty much the first significant upgrade
that was made to Bitcoin after the CTO.
And that was, I would say, largely welcomed just because people were clearly managing a lot of different wallets and rooms and spreading their block well across different rooms.
And so it honestly just made it easier from an organization standpoint to put everything in one room.
And now with NFT miners, that makes that even easier.
But yeah, I mean, there will be a time to increase. I don't think there's necessarily a set date yet for when the team feels like that.
That makes sense.
But yeah, portal level one, definitely.
You can imagine that that will that will go up
uh what what's your take when when when should that happen if it oh wait i think you went off
the stage oh well sorry sorry we we lost them but yeah pp i'm gonna ask you when do you think
we should do that if there were to be an increase in power output uh when would you like to see that uh my opinions are pretty much invalid because i'm an idiot but
i would say um i would say when you start seeing people having to split wallets you know because
right now like yeah i would just see like really just depends like maybe when you get more pools lined up i know um the art
of being god just started a pool so like the ability to increase that size to include more
black wells uh would be nice but um right now i i think it's perfect right now um but i don't know
because it doesn't really you know like the argument that well if we
make bigger rooms then the people who are whales will will get further ahead that argument doesn't
really make any sense because people are you can you can always make new wallets they're making
new wallets anyway so it doesn't really stop anything it's just making it a little bit more
inconvenient and then obviously for pools that are springing up, like mining pools, it would make their
life easier.
And the upside too is, you know, it's a significant amount of Bitcoin to upgrade to a portal room.
That trend would continue.
So to some degree, that convenience is being paid for, right?
People are spending the Bitcoin to have one giant room with more power
yeah that's good for the network it's actually better for the network to
if they want more they just have to upgrade rooms to get there uh so i'm with you yeah yeah but uh
yeah we were we were happy to to release the portal room uh for anyone who doesn't know if
you click on the if you have a portal room if you click on the portal itself, it makes a fun sound.
I'm sure everyone's figured that out.
Because how could you not click on it?
Like, if you see a portal, you click on it.
There's just, like, that's the most, you know, instinctual thing that a human might have in terms of feelings.
Macri, thanks for joining, man.
Good to have you.
I would love to hear from you.
Macri,, you there?
Bio says, growing with abstract chain, a streamer. No, that's okay. EJ had this issue too with the old speaker. All right, let's do another question. Wait, what'd you say? Did you ask me
something? I was commenting, Macri is not talking, so I was referencing your silence earlier,
but that was a technical problem. No, I usually don't have trouble. Yeah, and sticky keys,
but from my breakfast. From my breakfast, was french toast um all good let's go to
the next question here on twitter when merge mining occurs will our miners be restored
to full capacity to mine other tokens or only have the current having capacity
uh okay i think this is a good question because it kind of ties to something pp brought up earlier with the halving. So the power of the miners is not changing,
right? So it's not like a video game where you have, say, a weapon that degrades over time and
you have to max it out again or fix it, repair it, whatever. The contract is written in such a way
that your mining rig, your machine, still outputs the same hash, but it takes more
hash to actually solve the algorithm. And this is exactly how Bitcoin works. This is how Ethereum
worked when it was proof of work. Over time, you have a more and more difficult or a difficulty curve, um, that essentially requires more power to, to solve
problems. And so, um, yeah, when, when the having occurs, your minor will feel like it's working
harder. It's, it's, it's, you know, it's, it's still a Ferrari driving at the same, uh, you know,
putting out the same amount of horsepower, but now there's more wind resistance, uh, going against
the car. And there's also a fat guy in the back seat,
and one of your tires is a little bare.
So hopefully that answers that question.
I like car analogies.
All right, cool.
Could existing tokens that are distributed through merge mining...
Make sure I'm reading this question right. Could existing tokens be distributed through merge mining? Make sure I'm reading this question right.
Could existing tokens be distributed through merge mining
or only new launches?
That's a good question.
By the way, I should mention for anyone who's curious,
the merge mining contract work is being audited right now.
So not sharing dates on release, that sort of thing,
but just so everybody knows, hard at work.
An audit is being conducted.
Anybody who is involved in development on EVM chains
understands what that means, the importance of it,
the cost of it, the time that's required.
But this is something that's critical
because it needs to be nailed down. It's worth the expense. It's worth the time that's required, but this is something that's critical because it needs to be nailed
down. It's worth the expense. It's worth the time because merge mining is a pretty significant
upgrade to the system, and we need to make sure that it's bulletproof. So it is happening,
is what we can say. But yeah, go ahead. I do have a question for you um so when the idea that big
toshi had on merge mining i think a lot of people had like ideas on how it worked like
would you would your if you decided to mine another coin would the uh big that you were
mining go to the people who were just mining big but i think you guys did it in a way that really sparked a lot of interest on the DeFi side.
I've had people reach out to me who haven't bridged over to abstract yet, who are bridging over to abstract because they see the potential in like whenever you guys do launch this mine pad.
You know, if you decide to mine a different coin other than big, the big that you would be mining would still be mined, but it would be going to liquidity pools of the token.
And I think, you know, a lot of DeFi guys are seeing that.
They're like, oh, man, like as these coins like continue to pop up and they're only tradable with big and LP, there's going to like not only is there going to be happenings and people
burning big to, like, upgrade rooms, like, there's going to be a lot of the supply that
gets locked into these LPs, which is relatively extreme, not relatively, but, like, everybody's
thinking, like, it's really bullish for the token itself.
So, I didn't know if you wanted to talk about that decision and how you guys got there.
Yeah.
I mean, this definitely gets into the weeds and the nerdy side of things, but I think this is what people are going to be really interested in and what projects will be interested in who potentially want to work with us on merge mining.
So the answer to the question on Twitter about existing tokens being mined is that, yeah, there's basically two paths
that this can take. And they may or may not be released at the same time, but eventually,
for sure, both will be possible. So option one is brand new token is going live. They work with Bitcoin to, you know, allow their token to be mined into existence slowly over time, emitted to, you know, thousands of people around the world who have miners.
Very healthy, all that.
launch pad like pump or whatever um if there's no liquidity for that token then very small sales
of that token you know in the early days will just dump the price and that creates all sorts
of problems and so you know regardless of how tokens are launched you need to have liquidity
uh available this is why we're very um methodical about the Bitcoin liquidity pool and keeping it over a million bucks.
Because just in case, you know, one day PP decides to be a dick and just like floor $500,000 worth of Bitcoin,
the network can handle it.
And a lot of meme coins, they don't have that.
You know, they've got like $5,000 of liquidity.
$5,000 liquidity, market cap goes to a million, one dude sells, it's all over.
Market cap goes to a million.
One dude sells.
It's all over.
And so the idea with merge mining of a new token is that you are having your miner continue
to mine Bitcoin, but that Bitcoin then is being deployed to a new liquidity pool that
is being created, and the pairing is big slash whatever the new token is, right?
So your miner is mining you the new token,
and then your Bitcoin is going into an LP
that has the new token plus Bitcoin.
And to your point, PP,
that essentially puts greater importance
and pressure on Bitcoin.
Anybody who's familiar with virtuals
may have been sort of a much more complicated version of this, but you need virtuals
to, you know, to mine new or to buy new tokens on their network. And so a similar approach here.
And so that's really good for big. And it's really healthy for projects that want to work with us.
And, you know, LPs can spring up. There will be Ethereum slash, you know, new token as well. Like
the market can do whatever they want.
And if people want to make money in fees on having a liquidity pool that's in Ethereum
or USD or whatever, that's natural and good.
But the original LP will be in Bitcoin.
That's how that's being built.
And then, you know, to the original question of existing tokens, yeah, 100%, a lot of demand for that.
So in that case, merge mining is sort of acting as a miner, but it, let's just say like a million Pengu get thrown to Bitcoin because, you know, that team wants to distribute token to a bunch of, you know,
really powerful holders and a really strong community.
Then you could essentially toggle your miner to keep mining Bitcoin and then also be getting
this other token.
And the fun strategy game that's going to emerge over time as there are more and more tokens to mine
is you'll have to make the decision, right?
Where do you wanna apply your hash rate?
Maybe you've got 10 miners in your room
and you want this one mining purely Bitcoin
and this one mining XYZ token and this one Pengu
and this one, you know, whatever, abstract token,
who knows, we'll see.
That's the fun game.
That's the very, you know, kind of meta game that's going to come out.
But at first, Merge Mining is going to focus on a very small number of tokens.
And based on how that goes, it can grow and grow.
And then people will have a lot of decisions to make.
And every good strategy game gives you a lot of decisions.
This is why people play Age of Empires and Starcraft and
League of Legends. It's like every second you get a decision put in front of you and you get to
decide which one you want to do. But I think this will be a much more simpler passive type of game
to play, which is good for people like me who don't want to be glued to their screen, you know,
watching things all day long. This is the problem with the trenches.
Like, I don't like the trenches.
I don't want to have to stare at charts every second.
I want to be able to just set it and forget it.
And I think that, you know, all of us who are working on this thing are keeping that
in mind that we want it to be a fun game, but a game that can be played, you know, a
few minutes a day that doesn't require, like, massive, you know, time commitment.
So, Peepee, hopefully that makes sense to you.
Paji Grandpa, thanks for asking the question.
Cool. I saw Vyacheslav join the stage.
I would love to hear from you if you have a question or thought about Bitcoin.
Hello, team uh thank you to
let me ask i want to ask you about will you give utility or something to big tosh a statue or it's
just for big flex that's my question ejr i'm gonna let you answer that question is the big toshi
statue utility or flex what is what it's really it's really funny because I knew you were going to do that. And
when he asked, there's many different ways I can answer this, but I will say this, okay?
We are dissecting everything about this and looking at every single angle, every single
possible thing that we can do to bring value, utility, fund, excitement, just everything.
Okay?
So I'm not really avoiding your question.
There is, right now, we are doing certain things to kind of test and get metrics because we need to have data to really see how it works.
things to kind of test and get metrics because we need to have data to really see how it works.
But we do plan on doing some really incredible things with all of these, you know, I mean,
with that one, it was a stealth drop. It was a super rare item. And I can tell you, I can tell
you this, okay, when we decided to do that kind of pillar of light effect, which is the last effect
that we added to it, which bunyated incredibly, the light shooting up,
that will never exist on another item in the game.
Now that's not so much utility,
but that's as much as I could say,
because I don't want to give anything away.
And if I talk too much, I'll give something away.
I mean, I will say that cosmetics, that was a good answer.
I think that there's kind of three categories. One is it's a flex. It's just cool. You know, if nothing else, the Diktoshi statue is pretty cool. There's very few of them other than the pizza. There's really no cosmetic that that holds up the kind of cachet that the statue has. So, you know, if nothing else, that's one category.
The second would be it's some kind of a partnership and alludes to more. So like as an example,
we introduced the risk it cowboy statue, risk it added big as one of the currencies you can bet on.
Shout out to PP, by the way, for that. He has a good relationship with those guys and hooked us up and came up with that with that idea.
But yeah, you know, there's a Frankie, the Frankie, the frog that's in the game.
You know, they're launching their new season.
So maybe that's something.
But yeah, like partner partner cosmetics that potentially there's there's some kind of sharing of value there.
And then the third category would be actual utility in-game.
And so we've been posting about the arcade machine,
and if you click on the arcade machine, it says it's under maintenance.
And so you can imagine that that would be kind of the highest tier of utility in-game
in terms of it being able to do more than just look cool or or allude to, you know, a partnership. So
hopefully that's a fair answer. But I will say that if you're another project, if you're a meme
coin, if you're some other group that wants to airdrop abstract people, cool stuff, and you're
looking for wallets to identify, I would say you should definitely look at Bitcoin participants. And if you want
to airdrop stuff to whales or people who are like diamond handers, I think anybody who's got a big
Toshi statue is probably a good target for your airdrop. So that's not something we're, you know,
trying to like encourage, you know, directly, but just putting it out there. If you're listening
and you're another project, you should definitely do that. Yeah. And shout out to all our advisors because
we have a group that is just so active and constantly just such incredible people that are
just always throwing out ideas and we're kicking things through them. But there's a lot of different
things that are coming. Our brains are always going. I told board the other day, I said, I haven't slept the past two nights because I couldn't shut my brain down.
So, yeah, there's a lot coming.
Yeah, similar issue on my end.
Last night was like the first night I slept for more than seven hours.
It was pretty nice.
But, yeah, I've got to stop.
Hopefully that answers your question and happy to go into it more if you want.
Cool. Awesome. All right. Looking through the questions again here.
Oh, and the utility too. There's the utility because it's paying homage to the creator of the project, which is something that needed to be done. Yeah, I agree.
Yeah, I mean, we got the white paper up on the site, obviously.
But we don't want to forget Big Toshi.
I mean, I think that he needed to be in the game at some point.
He created this thing.
And this is a very, very explicit way to celebrate him.
And again, other than the pizza, which I feel like the pizza is just – the pizza is the rarest only because it was stupidly expensive and only 12 people bought one.
Not because it's really special.
It is very much like the Bitcoin pizza story.
If you read that story, there's nothing special about the pizza.
It's just lore.
So, yeah.
I think in my book, at least, the most important cosmetic now is the Big Toshi statue.
And glad we were able to do that.
Cool.
I brought up Bark L. Joe.
I don't know if I'm butchering your username,
but abstract underscore bull is your Twitter.
So yeah, thanks for joining us.
Hey, what's going on?
I'm only here for four days and I'm already all in.
So I just wanted to say that I love everything that you guys are doing.
Two questions. There might be silly questions, but the liquidity, it's not locked. in so i just wanted to say that i love everything that you guys are doing um two questions there
might be silly questions but the liquidity it's not locked is that so is that okay and two how
far or how long could this last like could we mine all the all the bitcoin ever in like like
four years then what happens i don't know just asking asking silly questions. Thanks. I mean, the universe explodes pretty much is where we're going to go.
Yeah, Skynet goes active pretty soon.
Yeah, like are we even going to last that long before AI takes over?
But we talked about it a little bit earlier.
You know, theoretically, it will keep having and having and having until it becomes a tiny number, which I believe is how Bitcoin works
as well. That's something I actually want to look into. Can it actually go to exactly 21 million,
or is it always going to go to 20,999.9999 and never hit the final 21? But yeah, I mean,
essentially, Bitcoin is on an accelerated, having scheduled roughly
every 50, 51 days, emissions will decrease by half. So this will take years, not the Bitcoin
timeline of decades. But yeah, it will effectively get to completely mined out probably in 2027 or eight i guess um we will see um in terms of the liquidity
pool so yeah that that is not locked um i know that that can give people some reassurance for
for you to sort of like you know burn burn the liquidity pool and keep it there permanently
um it is being actively managed and at this at this, that's kind of in the benefit of the community
just because the price has been adjusting quite a bit.
And so, you know, more pools can be created to kind of account for that.
But yeah, the way this all came to exist, there's not like a, you know,
like a lot of token launchers have sort of a liquidity pool that is is locked forever and no one can mess with it um but if if
anything hopefully you feel a bit more reassured that the liquidity pool is pretty large uh especially
for abstract like if you look at other tokens on abstract uh liquidity versus market cap bitcoin is
pretty damn healthy and it's going to get even more healthy very soon.
And, you know, hopefully with like more third parties getting into the mix, market makers,
that sort of thing, that'll erase hopefully any issues. But I'd be curious to kind of hear from you, you know, what your thoughts are, your reaction to that, and maybe what we can do to
help, you know, get rid of any sort of concerns or FUD that might come up
because they're not, because the LP is not locked.
Yeah, I just, I was always trading meme coins on Ethereum and then I went over to Solana and
I mean, we all probably there at one point getting rugged, but I guess that I saw it
a couple of days ago and I just was into it i said you know what i really
believe in the vision i see you guys posting a lot and i don't want to miss bitcoin twice so
figured i would just jump jump in um but yeah i've been telling smart man i've been telling
some friends about it and they were asking me about about the liquidity and i i know like i
said solana coins nothing against solana but a lot of their coins will just rug and you'll just
lose everything so it's just yeah it's peace of peace of mind i guess for others i know i'm like 10
grand in i'm already well well invested in four days but i'm trying to catch up with everybody
else i see everyone get these uh really expensive ones i'm like oh man i gotta i gotta keep up
yeah i mean i will say that with merge mining and new tokens that eventually get mined out uh it's not going to be the same situation like in in that case the lp is going
to be much more rigid because those are newer tokens you want to want them to be healthy
but um with big coin yeah you can't necessarily go back in time and and set that up um but yeah
like at least from my perspective like we all, like everybody on the CTO team does different things and contributes in different ways. And, and making sure the liquidity pool is extremely healthy, and actively managed every day, is definitely something that I pay very close attention to and it pisses me off whenever it goes under a million at this point. So yeah, I'll, I'll put that that weight on my shoulders and hopefully make sure
that doesn't happen um i am curious i am curious bar i love everything though so yeah i appreciate
it i just wanted to say well i love everything uh nothing nothing but but good good vibes were you
were you already pretty uh involved in abstract uh before and uh i'm curious like did you just
hear about bitcoin or like did you know about it and then
never really participated until recently I'm in a lot of isocoins currently my friend said you
should try you should look over to the abstract network I'm in Pudgy but I'm on Pudgy on Solana
so I don't know I can't bridge it over so I'm not getting any multipliers right now but I was I'm in
Pudgy Pengu and then my friend said oh come over to abstract so I was looking at some coins
I'm in a like eight eight of the top ones, but and then I saw big and it was like a dollar
Five and then I like I kept looking at it and then it was like a dollar
Fifty and then two dollars. I'm like this thing is not going down
So I just I got I looked into it
I looked into the mining and I just kind of loved everything about the mining because
You said it forget it kind of you don't care mining because you said it, forget it, kind of.
You don't care about the price,
and you just have fun and kind of vibe with the community,
which I liked.
And, yeah, I'm here long term.
That's great, man.
Well, thank you.
I appreciate it.
And awesome, awesome PFP, by the way.
The pixel art Pengu is definitely very cool.
I kind of want one now.
But, yeah, thanks for participating and coming up
and the great questions.
Thank you, guys.
I'll talk to you guys later.
Yep, sounds good.
All right, we got Crypto Doozy who came up.
Appreciate you joining us.
We'd love to hear from you.
Hey, guys.
Yeah, you're good.
I just want to make sure my mic is working.
All right, good.
I just have a quick question.
I was thinking because I was asking a couple of friends of mine, too, to get into this.
And one thing that kept coming up amongst them was that they feel like they're outpriced already.
So I was wondering, like, how can you keep this interesting as the price goes up how can you keep it interesting
to people that aren't like whale category you know or whale tier like how are you going to make it
fun for the masses you know um because like right now if somebody wants to get in and get like a
you know a blackwell or or even the you know the the Big Toshi statue, it's kind of pricey. So like
what, what, what's there to do for someone that's just wants to just do it and have fun and,
and, you know, be involved, you know? Yes. Um, so there's a lot that we can do and there's a lot that we're working on I can't give you exact
specifics but I will tell you this the dragmont statue right so you there was a
requirement that you had to be in OCH and you had to fight dragmont to be
whitelisted for that so there's not that many people that did that, only several hundred,
right? And that was an affordable thing. I mean, I think it was less than $10 maybe. I'm not sure
exactly without looking at it, but over time that item, because people will hoard them,
is going to be very valuable. So Flex Items is a place where you can find value for cheap. Things will be stealth
dropped that aren't as expensive as the creator statue, Big Toshi, at points where if you're just
on at the right time and you see it and you grab it. I mean, things on secondary, I'm not sure if
you're looking at the secondary collection on an OpenSea or whatever marketplace, but
some of the items that
cost one big you know when it is a dollar or even cheaper are selling for like 0.1 at points or or
you know the penguins i've seen them selling for 40 60 80 dollars so it's really just being involved
with the ecosystem and watching it and there's always going to be people that learn how to
find things and people raise his hand there's's more that I can say, but let him go.
Yeah, I was going to touch on something, too, because I get that, too, because my friends see me talking about it.
They're like, dude, I wish I would have gotten in when you got it, because I've been mining since day one.
And so the people who've been mining since day one do have nice rigs and are able to mine a lot of Bitcoin.
since day one do have like nice rigs and are able to mine a lot of Bitcoin.
But like if you're just now getting into it,
I think one of the things that's super attractive for like incoming new people
is the idea of merge mining and the effect that the smaller miners will have.
Because I mean, if you're able to get into these smaller coins on the mine pad,
you're not going to need a ton of hash power,
because they're going to be fresh tokens. So the idea that smaller miners are outpriced big,
I kind of want to look into the merge mining aspect of it, I think, because, you know, those
smaller miners will be able to mine quite a bit of a token if it's coming fresh out of the gate.
That's the way I look at it.
Yeah, and for me, and definitely want to hear from Scarlett as well,
from my perspective, for what it's worth, I bought a lot of my Bitcoin personally
and loaded up on Blackwells when Bitcoin was at $10, right?
Because it had a pretty meteoric rise.
And a lot of people, and I'm guessing PeePee's in the same boat, you know, we paid a lot,
relatively speaking, to what the price is today.
So one could argue it's actually not too bad to get in now.
And, you know, anyone who's been in Bitcoin also for a long time has felt the same feelings,
right?
Like when Bitcoin was, you know, I joked earlier,
I bought my first Bitcoin for $8. I sold it for $1,000. And I thought I was the smartest person
alive. You know, fast forward to today, clearly I was not. But at the time, it made a lot of sense.
But over a long period of time, you know, people will have kind of the same feeling. Like, I wish
I got into Bitcoin when it was $2, $5, $10 so it's it's a valid it's a valid concern and what i would say is you know from our end we we
think a lot about this when you when you think about games like world of warcraft or these
persistent games that have lasted for decades that's a big problem is people not wanting to
join because of the perception that they can't catch up to the ogs who have been there for a
very long time and so i think doing these know, these really like easy to obtain cosmetics from
like a monetary standpoint is really important. And, you know, the reality remains like every
person who opens up their own room, even if they're just like got one minor in there,
is contributing and is playing an important role. And you do get a free miner, you know,
if you start your own room
and hopefully that translates into eventually
something larger.
But if that isn't an option
or it just doesn't feel like a good approach,
there are also mining pools.
So much like, you know,
you have with actual physical proof of work networks,
there are mining pools, right?
Like you can buy into a much larger
system that is centralizing funds, buying up lots of blackwell. Big Pool is one of them. There's a
new one from Art of... I always forget the B. What's the B? A-O-B. But Art of Being, thank you.
Yes. So yeah, and I suspect there's going to be a lot more
pools and you know if you think about bitcoin today like no individual person can really mine
anymore so anybody wants to participate in mining is essentially buying like an etf of a of a massive
you know industrial strength miner that is giving them output. And so, you know, eventually we get to the point where,
yeah, maybe new entrants into Bitcoin do make the decision or default to, I'm just going to join a
mining pool because I can't do it myself. But right now, I think it's still pretty realistic
for people to do it solo. Yeah. And we definitely support pools, and especially if they're in a
certain way. I mean, people have reached out to us and we're definitely willing to help them.
One of my personal heroes is raising his hand, so I'm going to let him go.
I hope he didn't hear me say what I said nice about him before, but go ahead, Scarlett.
Hello, guys. Can you hear me okay?
Crystal clear.
Great. I'm a big fan of Bitcoin since the early days.
And I've been playing since almost day one, right?
And I can't seem to be earning any big.
So I was wondering, how do I earn more big with my current room setup?
EJ, all right, I feel like that's for you, man. You got to help out your buddy. How does he max
out his big mining capabilities? I mean, that's not really a question for me, actually, because
I deal with so many other things, but not that. I mean, if you look at my room, it's, it's, it's literally Lord Eli Farquaad,
big Toshi being guarded by four or five drag ma with their balls pulsating. So,
you know, I got in, I got in late. I faded the first time. I saw it followed early by some
people like four or five people and then called out later. You know, if you didn't get in within
hours of the first day, you were already kind of out or the second day.
So don't feel bad.
But the thing is, we're looking for ways to make entry easier for people.
We're starting to talk about those things now.
Honestly, it's just believe in it because it was 17 cents not too long ago, then 27 cents.
So even if you got the coin, now you'd be up so much.
But I would just say believe in it, watch it.
And then, you know, we're looking for ways to get people in earlier.
But there's smarter people for me to answer.
So technical answers, Scarley. First of all, thank you for partnering with us
because the cosmetic turned out awesome. And it's so great. We can, you know, help send each other
users. But you can definitely, you know, do the math in terms of how much do miners cost and what
is their hash rate. So like one of the recent additions to the miners was the
enterprise GPU and that you know part of the reason that was created was to help people catch up I was
like I'm not going to call it like the blue shell you know in in in Mario Kart but it definitely is
high ROI and so um some some miners are less you know efficient for the cost and some are more.
But the NFT, turning all the miners into NFTs was the big unlock because that actually plays a significant role in allowing people to catch up.
Every miner now on secondary, including up to Blackwell, are selling for less than they cost to buy fresh from our store, from the Bitcoin store.
And so before that wasn't the case, catching up was much more difficult.
Now you can get, you can scoop up machines off the floor.
And if you're really diligent about scanning OpenSea, you can find some pretty efficient
miners for much less than they originally sold for.
So, you know, your room with the cosmetics is fun, like it looks cool.
But in terms of actually mining, you're going to need to look at the miners, like what, you know,
figure out what your budget is, and then find the maximum hash rate possible for your budget.
And then once you start growing that, you know, you get more big, hopefully you get some ETH,
and then you can sell those miners, upgrade to the next one and it's the classic resource management
game, like get energy, deploy
grow, get energy faster
rotate
oh yeah
it was actually kind of a joke because my
room is full of cosmetics only
but actually
I actually was looking to get into
buying
a miner.
And so I've been kind of watching from the sides,
and I know there's a big community here.
I was actually wondering if there is some sort of community tool or website
where I can kind of, usually when these types of games come out,
people kind of min-max and they create these kind of tools to figure out, okay, you know, if you have like, you know, buy a big and then, you know, mint
through Bitcoin.tech or buy from OpenSea. So yeah, I was wondering if there was something
like that, that I could probably just look at and just kind of scoop up deals.
There are tools spawning up from the community, which is incredible because as you know, with
your project in Gigaverse, when that starts happening, that is incredible because as you know, with your project in
Gigaverse, when that starts happening, that's when you know you really made it and it feels
great.
So the person that made the tool for Gigaverse for finding the best ROMs, you know, the most
efficient ROMs with the stats, they did put out a tool.
I looked at it.
I have not actually tested it yet.
And then someone actually put out a calculator too.
I'll DM you. I'll get them together and I'll DM you and then order.
People can finish the rest.
Yeah. If you're curious, Bitcoin.live is kind of the best thing right now.
To be clear, it's not official. We didn't build it.
Can't speak to its um you know perfection or or anything like that but bitcoin.live based
on what we've seen seems to be the best uh website for scanning for deals so definitely oh yeah
awesome thank you guys absolutely man um cool well we uh we ran over an hour which was not intended
but a lot of good conversation and questions so unfortunately we got to wrap it up i think it's clear we should probably do this more often so
we'll we'll try to commit to that thank you everybody for for listening live and everybody
who's listening to this in the future um amazing questions thank you all for the the big rally and
supporting bitcoin growing the mining pool the hash rate and uh yeah looking forward to the next few
weeks fun stuff is coming so have a great rest of your day. Take care. And if you want to keep asking questions,
there's an unofficial discord tweet at us. We'll try our best to send out answers. Take care,
everybody. Thank you.
