> ## Documentation Index
> Fetch the complete documentation index at: https://docs.basedmining.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> Mining, hybrid-pool, and onchain terms in plain English.

## BasedMining-specific

<AccordionGroup>
  <Accordion title="Hybrid Lottery Pool">
    The model BasedMining runs: finder gets 1 BTC (chain-enforced) + everyone who contributed to the round gets a proportional share of the remainder. Combines the upside of solo mining with the steady accrual of a traditional pool.
  </Accordion>

  <Accordion title="Block Party">
    A scheduled 24-hour window where the pool concentrates extra hashpower (from Hashpower NFT mints) into the same round. More hashpower = better odds of finding a block during the Party.
  </Accordion>

  <Accordion title="Hashpower NFT">
    The onchain receipt for a specific amount of mining hashpower over a specific window of time. Mint on Base mainnet; activates during the next Block Party; pays cbBTC on Base.
  </Accordion>

  <Accordion title="Spark / Miner / Digger / Crusher">
    The four Hashpower NFT tiers — entry, popular, full-window, whale. See [the tier table](/onchain/overview#the-four-tiers).
  </Accordion>

  <Accordion title="Round">
    The interval between two found blocks. Your contribution to the round determines your share of that block's remainder.
  </Accordion>

  <Accordion title="Finder">
    The miner whose share solved the block. Receives 1 BTC directly from the Bitcoin protocol — chain-enforced.
  </Accordion>

  <Accordion title="Remainder">
    Block subsidy + tx fees minus the 1 BTC finder reward. Lands in the pool wallet on-chain; distributed by the operator to all round contributors proportionally.
  </Accordion>

  <Accordion title="PPLNS-by-diff">
    "Pay per last N shares, weighted by difficulty." How the remainder gets split: your share is proportional to your summed accepted-share difficulty within the round.
  </Accordion>

  <Accordion title="cbBTC">
    Coinbase Wrapped Bitcoin on Base — a 1:1 backed Bitcoin token. The currency Hashpower NFT holders receive their rewards in.
  </Accordion>
</AccordionGroup>

## Mining

<AccordionGroup>
  <Accordion title="ASIC">
    Application-Specific Integrated Circuit. A chip designed for one job — in this case, hashing Bitcoin's SHA-256. Vastly more efficient than GPUs or CPUs at this work.
  </Accordion>

  <Accordion title="Hashrate">
    How much hashing your miner does per second. Units: H/s, KH/s, MH/s, GH/s, TH/s, PH/s, EH/s. Modern home ASICs do TH/s (terahashes). The whole Bitcoin network is \~600 EH/s.
  </Accordion>

  <Accordion title="Stratum">
    The standard protocol miners use to talk to pools. When you point your ASIC at `stratum+tcp://...`, you're using stratum.
  </Accordion>

  <Accordion title="Worker">
    A label for one mining device. Multiple workers can share the same BTC payout address but have different worker names to distinguish them on the dashboard.
  </Accordion>

  <Accordion title="Share">
    A proof-of-work submission from a miner. Each share is a hash that meets the pool's difficulty target (lower than Bitcoin's network difficulty). The pool counts shares to attribute work fairly.
  </Accordion>

  <Accordion title="Block">
    What miners actually find. When a share happens to meet the network difficulty (not just the pool's), it's a block — earning the block subsidy (currently 3.125 BTC) plus transaction fees.
  </Accordion>

  <Accordion title="Solo vs pool mining">
    Solo = mine alone, keep 100% if you win, get zero otherwise. Pool = join a group, share rewards proportionally. Hybrid pool (BasedMining) = both at once.
  </Accordion>

  <Accordion title="PH-days">
    Petahash-days — a cumulative measure of work. 1 PH/s sustained for 24 hours = 1 PH-day. Useful for comparing total contribution across long periods.
  </Accordion>
</AccordionGroup>

## Bitcoin

<AccordionGroup>
  <Accordion title="BTC">
    The native asset of the Bitcoin network. What miners earn. What the pool pays.
  </Accordion>

  <Accordion title="Block subsidy / block reward">
    The fixed BTC amount minted with each new block. Currently **3.125 BTC**. Halves roughly every four years; next halving in 2028.
  </Accordion>

  <Accordion title="Coinbase">
    The first transaction in a block — the one that pays the block reward. *Not* to be confused with Coinbase the company. The pool gives miners a coinbase template that's already set up to split outputs correctly.
  </Accordion>

  <Accordion title="Difficulty">
    A network parameter that adjusts how hard it is to find a valid block. Retargets every 2,016 blocks (\~2 weeks) to keep block time near 10 minutes.
  </Accordion>
</AccordionGroup>

## Onchain (Base / EVM)

<AccordionGroup>
  <Accordion title="Base">
    A fast, cheap EVM L2 — Bitcoin's onchain-rewards layer on BasedMining lives here. **Don't call it "Coinbase L2"** — it's Base, or Base mainnet, or Base chain.
  </Accordion>

  <Accordion title="Wallet">
    Software (or hardware) that holds your private keys. Examples: Rainbow, Coinbase Wallet, MetaMask, Frame. You need one to interact with the onchain side.
  </Accordion>

  <Accordion title="NFT">
    Non-Fungible Token. A unique onchain record. A Hashpower NFT represents your hashpower contribution for a Block Party.
  </Accordion>

  <Accordion title="Gas">
    The fee you pay to make any transaction on an EVM chain. Base gas is very cheap — often less than a cent.
  </Accordion>

  <Accordion title="Mint">
    The act of creating a new onchain item. Here: minting a Hashpower NFT — pay the mint price + gas, the contract creates the NFT and assigns it to your wallet.
  </Accordion>

  <Accordion title="USDC">
    A USD-pegged stablecoin. Native on Base. One of three payment options for minting Hashpower NFTs.
  </Accordion>

  <Accordion title="Basescan">
    The Base block explorer at [basescan.org](https://basescan.org). Where you verify your mint transactions and contract interactions.
  </Accordion>
</AccordionGroup>

## Agents and payments

<AccordionGroup>
  <Accordion title="x402">
    An open HTTP standard for paying for API calls with stablecoins. Server returns `402 Payment Required`, client pays, call completes. See [x402.org](https://www.x402.org).
  </Accordion>

  <Accordion title="Stablecoin">
    A token pegged to a fiat currency (typically USD). USDC on Base is the canonical example.
  </Accordion>

  <Accordion title="Agent">
    Here: an autonomous program (usually LLM-driven) that can take actions, including mining decisions and payments, without per-call human approval.
  </Accordion>
</AccordionGroup>