The first on-chain POW coin just caused ICP's cycle burn to ath and Anon Babble is still sleeping on it.
BOB
Yes, YES, mine the Bob. Pump my bags!
what is this scam?
IM MINING BOB
Anon Babble will fomo at $5
bob sending ICP burn rate to a huge ATH
yep it's a cool idea, only possible on icp of course.
it's a glimpse into the future where other blockchains will be using icp not just as a layer 2, but a layer 0.
but right now bob is gay because too many miners, too little chance at getting a block. need mining pools.
glad i mined some early.
but right now bob is gay because too many miners, too little chance at getting a block. need mining pools.
just spawn more miners
i've got 60 all running at 14T
dang, that will get expensive. i only have 10.
are you topping up through the dapp? or another way?
dont top up through the DAPP, theres a fee that goes to the mother node to keep it online so its less efficient.
I buy Cycles on sonic and send them to the mining canisters in burn mode through plug wallet
thanks anon, it worked.
i don't know the math, but i saw a dip on sonic and just bought.
1 BOB = 1 ICP soon
1 BOB = 1 ICP = 50 USD
soon
Icp has the absolute worse alts, all jeet scams
you're spending hundreds of icp a day mining a shitcoin? lol lmao
As opposed to solana?
name some.
you just an angry jeet realizing you can't rug a PoW blockchain memecoin.
it wouldn't cost that much.
and at the moment a single block is worth $780.
i put in 1 icp for fun and it lasted me less than 8 hours on one miner at full power
so 3 icp per miner per day x 60 = 180 icp
don't get me wrong, if this dumb shit is what pumps the cycle burn rate 20x, i'm not complaining lol
also makes the sns projects that raised tons of icp with nothing to show for it look like retards, added bonus
yeah it's been a nice jolt to the ecosystem.
about your maths though, i don't know the numbers myself, but when you spawn a miner you get a certain number of cycles. that i guess lasted you 8 hours.
but the price is different if you are topping up, especially if you happen to buy cycles cheap on a dex.
earlier i got 9 xtc for 1 icp. that's 9 trillion cycles.
What’s the distribution of mined tokens so far? Let me guess most of the mined tokens are in dev wallets
how the hell would i know the "distribution"? it's mined, not pre-allocated you dumb jeet.
most of the mined tokens would be in wallets who spawned a lot of miners early.
or miners who understand code and increased their hashing power a day in advance.
still waiting on that list of active jeet scams.
most of the mined tokens would be in wallets who spawned a lot of miners early.
So the devs then. Thanks for answering
you should have picked my other option. it would have made more sense for your narrative.
try harder nex time.
ITTY BITTY TITTIES AND A BOB :D
interesting. this is going to drain the liquidity pools and jack up the price of cycles, and cause the burning of more icp to arbitrage the trillion cycles price back down to 1 XDR.
fun times ahead
the developers of the project who planned created and executed hold a significant quantity of tokens which they bought via the same method all other buyers use
this is le bad. the developers should work for free to enrich me and gain no profit off their work and risk
Typical meet mentality
So what we hold most of the supply we the devs that is our right to have most of the supply and dump on buyers
The jeet dev scammer reveals himself
why was satoshi allowed to mine bitcoin? WTFF should be illegal why didn't kamala stop this??
Bros I've been mining for like 3 days now and still haven't received any rewards. Am I doing something wrong or do I just have bad luck/ not have enough miners active?
Recently increased my hashrate in an attempt to mine some but no success so far
cool concept but you'll be burning through you icp faster than you can think and odds of getting a block are slim. I would guess for every 100 icp you burn to try to get a block you may get 1 block so you're already in the negative but it looks like fun gambling and the more and more miners that get on your odds go down even further diluting the token price as well.
id just wait until mining pools come online if i were you. with 4 miners your odds of hitting a block are astronomically low.
Just unlucky.
Alright I've spawned some new miners. If I don't mine any by tomorrow I'm officially giving up because I'm sinking too much into this shitcoin
If I throw $200 worth of ICP at this what is the odds I get nothing??
you topped up bigly, that will last a few days.
honestly like 0.02% chance you get anything.
that's equivalent of 25 miners. it's just pure gambling luck.
but if you get a block, it's currently worth $960.
* i don't mean literally 0.02%. but yes your chance is low.
figure out how many miners that'll get you and divide by the total number of miners, there's your chance per block right? assuming they're all running at full power
bob.fun
current total miners is 9787
but that total miners displayed are probably not all active? some will have ran out of cycles i assume.
and the speed adjustments change things.
who knows. i would say your chances are quite low
you could always just buy $200 worth of bob on icpswap
for reference, my last block was a few days ago, when there were only like 3k miners or so. and no speed adjustments.
i've gone 30 billion hashes computed since.
imo just gotta wait for mining pools.