tldr: This proposal requests 0.85 ETH to fund a Canaan Avalon Q Bitcoin miner (90 TH/s) that points solo at the BASED Mining pool 24/7. I (goyabean_eth) own, host, power, and maintain the machine entirely at my own cost...including the gap between the ask and the machine's real all-in price including shipping and import fees. If this machine ever finds a Bitcoin block, 10% of the 1 BTC finder jackpot goes to the DAO treasury, and the remaining 90% is dispersed evenly across all DAO tokens. At today's prices that's roughly $6,500 to the treasury and -$60 per token (converted at the current BTC price when found) the day it hits. No payback schedule, no phases, no waiting...the DAO is mining for a block starting the moment the machine powers on.

Elephant in the room

This ask is essentially the DAO's entire treasury. That's not something to gloss over. This is the DAO going all-in on a single, permanent, community-wide Bitcoin lottery ticket. The treasury converts from idle ETH into live hashpower hunting a block 24/7, at zero ongoing cost to the DAO. If you think that's a bad trade, vote no. If you think a DAO that is mining for Bitcoin, with every holder holding a ticket, is exactly the kind of thing this community exists for, vote yes. We have not really been doing anything with the funds. While the machine is running, everyone has a lottery ticket that can hit every block (approx. every ten minutes), the DAO Treasury also has the opportunity to win and be funded with much more than it has now, and we are contributing to the Bitcoin network.

The Deal, Plainly

-The DAO funds 0.85 ETH toward the machine. -I cover everything else: the remaining purchase cost, electricity, hosting, maintenance, repairs -The machine mines solo on the BASED pool from day one, 24/7. -If it ever finds a block, the 1 BTC finder jackpot splits: 10% DAO treasury, 90% evenly across all 972 tokens. -If anyone else mining in the pool finds the block, the DAO Treasury gets the full payout of the remaining 2.1+ Bitcoin according to its % of total pool contribution.

The amount the DAO would be paid out can now be checked at any time with a new upgrade to the Based Pool dashboard. Our contribution and our overall payout will continue to rise every day as this machine is constantly mining. https://basedmining.xyz/miner/bc1q6yys8g8f9a72efaptqud6cmuk2v0jd5aa7dmvj

The Canaan Avalon Q is arguably the best hardware for exactly this kind of experiment: 90 TH/s at 1,674W (18.6 J/TH efficiency), with tunable power profiles from -800–1,600W The first professional-grade miner that runs on standard 110V household power Quiet operation, Ethernet + WiFi, 360-day manufacturer warranty Sourced from altairtech.io, a trusted vendor, at $1,641.00 all-in, including shipping and import charges

This is not a Bitaxe-scale toy. 90 TH/s is roughly 75x the hashpower of a typical home Bitaxe, and far more powerful than many home-scale solo setups have already found blocks in the wild in 2026.

It deepens the BASED Mining partnership. This machine becomes a permanent hashpower contributor to the pool this community helped launch.

It aligns with everything this community is. Weird, participatory, and genuinely fun. If this machine ever finds a block, it becomes part of DAO history, Bitcoin history and every holder gets paid the day it happens.

Honest Odds

No hype: at the current network hashrate (-960 EH/s), 90 TH/s mining solo full-time has approximately a 0.5% chance per year of finding a block-about 1-in-200 annually. This is a lottery ticket, and the proposal treats it as one. What makes it different from an actual lottery ticket:

It never expires. It draws continuously, every ten minutes, for as long as the machine runs... and the machine's costs are covered forever The odds are real and verifiable...tied to network hashpower, not speculative token mechanics Small solo miners do hit. Just this week, a solo miner found a block with a Bitaxe that pushes only 1-2 TH/s!

The honest expected-value math will never justify a lottery ticket. What justifies it is that the DAO holds a permanent, communal shot at a moment that becomes part of its history forever...and every single holder gets paid the day it happens.

If It Hits Today

At current prices (1 BTC = $64,738, 972 total token supply):

Recipient Share BTCUSD (approx.)DAO treasury 10% 0.1 BTC-$6,474 Every token, evenly 90% ÷ 972-0.000926 BTC (~92,600 sats)-$60 per token

A single block returns over 4x the entire ask to the treasury alone — and pays every token in the same moment. Payouts are converted to cbBTC on Base and distributed via snapshot + airdrop.

One more thing worth sitting with: those dollar figures are a snapshot of today. The jackpot is denominated in Bitcoin, not dollars. This ticket draws for years — and if BTC trades meaningfully higher at any point during the machine's life, as it has over every multi-year horizon in its history, the same 92,600 sats per token is worth proportionally more. A block found with BTC at $150K pays -$139 per token and ~$15,000 to the treasury. The ask is fixed in today's dollars; the prize is not.

And the jackpot isn't the only stream. Under the pool's hybrid reward model, whenever any other miner on the BASED pool finds a block, this machine's accumulated proportional share rewards are paid to the DAO as well. The machine's configured reward wallet is publicly viewable on the basedmining.xyz dashboard and trackable onchain — anyone can verify at any time that the machine is hashing and that every payout lands where pledged.

Operator Terms

I own the hardware and bear all costs and all hardware risk — purchase gap, power, hosting, maintenance, repairs, forever To put a number on that: running this machine 24/7 draws roughly 1,200 kWh per month — a $200–300/month electricity bill that I cover personally. That's -$2,400–3,600 per year, meaning my ongoing annual contribution rivals or exceeds the DAO's one-time ask, every single year, for as long as the machine hashes -The machine runs solo on the BASED Mining pool with the pledged reward structure permanently — this commitment survives for the life of the machine, and any replacement hardware inherits it -Live machine stats and the configured reward address will be visible on the BASED Mining dashboard at basedmining.xyz at all times, so anyone can verify the machine is online, hashing, and pointed where it should be -The DAO automatically participates in every future Block Party through this machine, forever

Why This Is Worth Doing

Every holder is in the game, permanently. Not treasury exposure — personal exposure. ~92,600 sats per token on a hit, paid directly, evenly, the day it happens.

The DAO gets paid two ways. 10% of any jackpot this machine finds — over 4x the entire ask at today's prices — plus the ongoing proportional rewards every time anyone on the pool finds a block. All of it flows to a wallet the community can track onchain.

It costs the DAO nothing after day one. Every operating cost, every risk, every repair is mine — including the $200–300/month electricity bill. The DAO pays once; I pay forever. The DAO's idle ETH becomes live hashpower with zero carry.

**It's a first. A DAO whose treasury is a Bitcoin miner **— hunting a block around the clock with every holder holding a ticket — doesn't exist anywhere. That story spreads on its own.

It aligns with everything this community is. Weird, participatory, internet-native, and genuinely fun. If this machine ever finds a block, it becomes part of DAO history — and 972 tokens get paid at once.

Commitments Summary

✅ 0.85ETH ask; I cover the -$200 purchase gap and any ETH price shortfall ✅ Machine solo on BASED pool from day one, permanently ✅ 1 BTC finder jackpot: 10% treasury, 90% evenly across all DAO tokens ✅ Proportional pool rewards (when any pool miner finds a block) ! DAO ✅ All operating costs and hardware risk carried by the operator, forever ($200–300/mo in power alone) ✅ Pledge survives hardware replacement ✅ Reward wallet publicly trackable onchain + live dashboard at basedmining.xyz ✅ Automatic participation in every Block Party

I'm building BASED Mining either way. But a machine bought together...hashing for every holder at once...is pretty fckn cool IMO.