tldr: This proposal requests 1,500 USDC to establish an official collaboration between Based DAO and BasedMining Co. The partnership includes featured branding and ecosystem integration across the platform, treasury-assigned hashpower participation during the upcoming Block Party event, physical mining rig giveaways for community members, a custom Nounish ecosystem dashboard, free hashpower NFT for every wallet that votes, and the opportunity for the DAO treasury to receive Bitcoin rewards if a block is successfully mined.

What is BASED Mining? Over the months, I’ve been spending 12 hr. days building a custom Bitcoin solo mining pool designed around community participation, hybrid payouts, onchain coordination, and autonomous hashpower deployment. This isn’t a fork or a reskin of an existing pool. It’s a custom pool and experiment to make Bitcoin mining more collaborative, accessible, and culturally driven.

-Hybrid Block Reward Structure When a miner finds a block on the BASED pool: The block finder receives 1 BTC directly to their wallet (“the jackpot”) The remaining ~2.1 BTC + transaction fees are distributed proportionally among active miners based on contributed shares during the mining session This creates a hybrid between traditional solo mining (winner takes all) and traditional pooled mining (consistent payouts, no big win). The result is a system that rewards both: The lucky miner who finds the block and the broader community contributing hashpower consistently throughout the session. Massive credit goes to ZK_Shark for inspiring this payout structure and broader model through Parasite Pool. I’m building on top of ideas pioneered by Parasite Pool, not claiming to have invented them.

-The BASED pool operates with a permanent 0% pool fee. I’m not building this to extract value from miners. I’m hashing alongside everyone else and want to grow the pool through participation, experimentation, and community alignment rather than fee extraction. NFT-Powered Hashpower Participation One of the more experimental aspects of the project is NFT-powered hashpower participation built on Base. Users can mint NFTs that automatically trigger real hashpower rentals through providers such as NiceHash, Braiins, or MiningRigRentals. That rented hashpower is then pointed directly at the pool with the participant’s wallet attached. Their shares accumulate automatically, allowing people to participate in real Bitcoin mining and upcoming Block Parties without needing to purchase or operate hardware themselves. To my knowledge, nobody has attempted to structure community mining participation quite like this before.

-Agentic Mining BASED Mining is also being designed with AI agents in mind from day one. Built around x402. Coinbase’s emerging agentic payments framework. Autonomous agents will eventually be able to programmatically acquire hashpower participation, deploy mining strategies, and interact with the platform entirely on their own. If agentic commerce continues to grow, we may eventually see swarms of autonomous agents coordinating hashpower and participating directly in Bitcoin mining activity. That future sounds strange today. But so did Bitcoin itself once.

-Why Solo Pools Aren’t Hopeless On paper, solo Bitcoin mining sounds absurd. A small home miner or Bitaxe setup may statistically have near-impossible odds of finding a block individually. But the reality on the ground has started telling a different story. 2026 has already seen an unexpected wave of small miners and home operators successfully landing Bitcoin blocks. Individual Bitaxe miners, small solo setups, and temporary rented hashpower deployments have produced life-changing payouts for participants throughout the year. One miner reportedly rented roughly $70 worth of hashpower and successfully hit a block worth over 3 BTC. Another home miner reportedly found two blocks within seven months.

Meanwhile, communities have started proving that coordinated mining participation can genuinely work. The best-known example is the Ordinal Maxi Biz mining initiative, which successfully found multiple Bitcoin blocks through community-coordinated hashpower participation and distributed rewards across participants. That changed how many people began thinking about community mining entirely. Based Nouns feels uniquely positioned for this kind of experiment. The culture already exists. The alignment already exists. And this ecosystem has always embraced ambitious, weird, internet-native ideas that traditional organizations would never attempt.

-The Longer-Term Vision This proposal is only the beginning. The larger vision is creating a collaborative mining ecosystem where communities throughout Base and the broader Nounish ecosystem coordinate around shared mining participation. Imagine ecosystem wide Base communities all contributing hashpower toward shared Block Parties and collective Bitcoin block discovery. One shared stratum endpoint. One shared event. One shared celebration if a block is found. That’s a genuinely new kind of onchain coordination experiment. And if this proposal passes, Based DAO becomes the very first and primary partner helping bring that vision to life.

At the time of writing the platform is still gated. If anyone here would like access please DM me @goyabean_eth, and I will provide a password. For further details you can check this article released today: https://x.com/BasedMiningCo/status/2053907260196229205?s=20. Please drop a follow while there :)

What the Funding Does

The funding will be used across three primary initiatives designed to maximize participation, community engagement, and treasury exposure during the upcoming BASED Mining Block Party.

1. Hashpower NFT Airdrop for All Proposal Voters Every wallet that votes on this proposal whether YES or NO or ABSTAIN will receive a Hashpower NFT airdropped directly to their wallet. These NFTs are tied to real rented hashpower that will participate in the upcoming Block Party on May 22nd. During the block party voters will see their wallets contributing hashpower in the dashboard at basedmining.xyz. In addition, they will all have their own dashboards.

The goal is simple: reward governance participation, onboard new users into the BasedMining ecosystem, and give every participating voter direct exposure to community-driven Bitcoin mining with a chance at a large jackpot. This proposal is intentionally structured so that participation itself is rewarded, regardless of voting outcome.

2. Treasury-Directed Hashpower Participation

After funding the voter NFT allocations, the remaining treasury-designated funds will be used to rent additional hashpower for the Based DAO treasury during the upcoming Block Party event. That rented hashpower will be pointed directly at the BasedMining pool with the DAO multisig wallet configured as the reward recipient. When a payout occurs all the funds will be sent to the Treasury.

Depending on rental market conditions at execution time, this is expected to provide a significant concentrated mining position during the event. The treasury-designated hashpower will be deployed continuously for the full 24-hour duration of the Block Party and pointed directly at the BASED Mining pool using the DAO treasury wallet.

If the DAO treasury’s assigned hashpower successfully finds a Bitcoin block during the event, the treasury receives the full 1 BTC finder reward directly to its wallet. Additionally, under the pool’s hybrid payout model, the treasury would still accumulate proportional rewards based on its contributed shares so whenever a block is found by anyone in the future the DAO gets a payout that could potentially be much larger than the 1,500. This means the DAO treasury maintains ongoing upside through both:

• direct block discovery potential during the Block Party
• and proportional participation rewards tied to contributed hashpower

This transforms the treasury from a passive observer into an active participant in a live community mining event.

3. Community Mining Rig Giveaways — 500 USDC

500 USDC will fund the purchase and distribution of five physical home mining rigs. These rigs will be distributed through transparent community giveaways designed to onboard long-term participants into the ecosystem.

2 DarkNOUN holders Wheel spin using verified eligible wallets 2 DAO Wallets that vote on this proposal Wheel spin using verified voting wallets 1 Broader community (DAO,Bassed Nouns, DarkNouns) X/Twitter giveaway with onchain verification

All wheel spins will be conducted fairly and transparent with verified wallet lists displayed.

How This Benefits the DAO:

1. Treasury Participation in Real Bitcoin Mining

The proposal gives the DAO treasury direct participation in a live Bitcoin mining event through dedicated rented hashpower deployed during the Block Party. At current network conditions, the treasury allocation is expected to provide approximately 25 PH/s of mining power sustained over a continuous 24-hour window. This creates measurable participation in Bitcoin mining with transparent probabilities tied to real network hashpower rather than speculative token mechanics. Additionally, the five giveaway mining rigs distributed to community members continue contributing hashpower back into the broader ecosystem long after the initial event concludes. **

2. Treasury Upside Through the Hybrid Reward Mode

Under the BASED Mining hybrid payout structure: -if the treasury-assigned hashpower finds a block during the Block Party, the DAO treasury receives the 1 BTC finder reward -if when a block is found by the broader pool, the treasury still accumulates proportional rewards based on contributed shares While Bitcoin mining always involves uncertainty, the upside exposure created through the treasury’s participation significantly exceeds the initial cost basis if successful. More importantly, the proposal allows the DAO to participate directly in an entirely new form of community-driven mining coordination on Base...and Ethereum!

3. Official Partnership & Ecosystem Branding

Based Nouns would become the first official and primary partner integrated into the Based Mining project.

This includes: -homepage partnership placement on basedmining.xyz -ongoing inclusion in project marketing and partnership materials -visibility throughout future articles, Block Parties, advertisements, interviews, and ecosystem expansion efforts

Additionally, the open-edition Hashpower NFTs already designed and implemented for the platform feature custom Nounish characters, aligning naturally with the culture and visual identity of the broader ecosystem. Further proliferating ⌐◨-◨

As Based Mining grows, Based Nouns would remain permanently connected to the origin story of the project as its first DAO collaborator and launch partner.

The proposal creates long-term association between Based Nouns and one of the more experimental and community-driven mining initiatives currently emerging within the Base ecosystem.

** 4. Dedicated Nounish Mining Dashboard**

A custom Nounish-themed mining platform will be built specifically for the broader ecosystem, including:

Based Nouns Nouns Lil Nouns Gnars related communities

The dashboard would function as a shared mining hub where community members can: -track collective hashpower -view mining statistics -participate in competitions and giveaways -coordinate future events and socialize around shared mining participation

While all hashpower ultimately contributes toward the BASED Mining pool, the Nounish ecosystem receives its own dedicated community environment and identity within the platform.

5. Hashpower NFT Airdrop for All Proposal Voters

Every wallet that votes on this proposal — YES or NO — will receive a free BASED Mining Hashpower NFT airdropped directly to their wallet.

These NFTs are not simply collectibles. Each one comes tied to real rented hashpower that will participate in upcoming BASED Mining Block Parties and mining events.

In other words, voting on this proposal automatically puts community members “in the game” with exposure to future Bitcoin block discovery events and potential mining rewards tied to the platform’s hybrid payout model.

The goal is to directly reward governance participation while onboarding more community members into collaborative Bitcoin mining in a fun and accessible way.

6. Full Treasury Ownership of Mining Participation

All treasury-designated hashpower remains fully assigned to the DAO treasury wallet. -All shares accumulate to the DAO. -All rewards flow directly to the DAO. -No operator percentage, management fee, or hidden extraction exists within the proposal structure.

7. Participation in a Genuinely New Mining Experiment

The proposal places Based Nouns at the center of several ideas that have not yet been explored within Bitcoin mining today, including:

-NFT-powered hashpower participation -autonomous AI agent mining through x402 -hybrid mining reward structures -community-driven Block Parties -EVM-native Bitcoin mining coordination

This combination of Bitcoin mining, onchain participation, AI agents, NFTs, and community coordination is something that simply has not been explored. Because of that, there is real potential for attention far beyond the immediate BASED Mining community itself. Projects that introduce genuinely new mechanics and models tend to spread quickly throughout the crypto space...especially when they involve Bitcoin.

By participating early, Based Nouns positions itself not only as a partner, but as one of the first communities actively experimenting with what the future of collaborative mining participation could look like.

More importantly, it represents further proliferation of the Based Nouns ecosystem itself...extending the culture beyond NFTs, DAOs, and social identity into active participation within an entirely new category of onchain coordination and Bitcoin mining experimentation.

The Bigger Picture

Based Nouns has always been a community willing to embrace strange internet-native experiments before the rest of the space understands them.

That willingness to explore new ideas is part of what made this ecosystem special in the first place.

This proposal is not just about rented hashpower or the possibility of finding a Bitcoin block. It’s about participation. It’s about experimentation. It’s about bringing communities together around something genuinely fun, collaborative, and potentially meaningful.

The ingredients are already here:

a real Bitcoin mining pool real hashpower AI agents onchain coordination Nounish communities and a model that has already shown signs of working in the wild

At a time when much of crypto feels repetitive, extractive, and increasingly bear, BasedMining is an attempt to build something that feels different again.

Something weird. Something participatory. Something people actually want to gather around.

If this proposal passes, Based Nouns becomes the founding DAO partner of BASED Mining and permanently tied to the project’s origin story as it grows.

The open-edition Block Party Hashpower NFTs already implemented on the platform — Spark, Miner, Digger, and Crusher — were intentionally designed with a Nounish-inspired visual identity meant to feel native to the broader ecosystem. Every mint places another Nounish-inspired character into circulation and extends that culture further across Base and beyond.

Future collections, mining events, partnerships, AI agent integrations, and ecosystem expansion efforts will continue building on that foundation.

And beyond the branding and experimentation, there’s also something undeniably exciting about the idea itself.

A DAO treasury participating in a live Bitcoin mining event. Community members running home miners they won through governance participation. AI agents autonomously deploying hashpower. Entire communities gathering around shared Block Parties with a collective shot at finding Bitcoin blocks together.

That’s a story people pay attention to.

And if even one major block is found along the way, it becomes part of Based Nouns history forever.

If this proposal passes, amazing...I would genuinely love to build this alongside the community that helped shape so much of my journey in crypto.

And if it doesn’t pass, that’s okay too.

I’m building this either way. And I will continue to grow it more and more. It's not a matter of if we'll hit a block...it's a matter of when.

But I believe Based Nouns deserves to be part of the story from the beginning. ⌐◨-◨