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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.

BasedMining is a hybrid lottery pool. Every block the pool finds pays in two parts:

Finder reward — 1 BTC

Goes to the miner whose share solved the block. Paid by the Bitcoin network itself, chain-enforced, instant.

Pool remainder — ~2.1+ BTC + fees

Split proportionally among every miner who contributed to that round. Sent on-chain to your address. Automatic.
This is unusual. Most pools are either “winner-take-all” (solo) or “everyone shares everything smoothly” (PPS / FPPS). We do both at once — and we don’t take a fee on either side.

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The split, in numbers

Current Bitcoin block subsidy is 3.125 BTC, plus whatever transaction fees the block carries.
RecipientAmount
Finder (the miner who solved the block)1.00 BTC fixed
All contributors to the round (proportional to work done)~2.125 BTC + tx fees
Pool operator fee0

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How the 1 BTC finder reward works

When you connect your rig to BasedMining, our pool sends you a “coinbase template”—the blueprint for the transaction that pays out the block reward. Unlike traditional pools that collect everything and pay you later, our template has the 1 BTC Finder Reward already hardcoded to point directly to your wallet (the address you use as your username). The remainder of the reward is directed to the pool.

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The Power of Consensus

When you find a valid block, the Bitcoin network itself enforces the payout. The 1 BTC lands in your wallet on-chain, at the exact moment the block is confirmed. •No routing through the pool. •No custodial holding. •No “operator approval” required.

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Don’t Trust, Verify

The pool operator literally cannot reroute your reward. Changing the destination address would change the transaction data, which would invalidate the block you just found. You don’t have to take our word for it. Anyone with a Bitcoin node can capture the stratum job, decode the coinbase template, and see that the 1 BTC output matches their own address byte-for-byte. This is sovereign mining.

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How the remainder gets shared

Once the pool finds a block, the remainder lands in the pool wallet onchain. The operator runs the round through the payout simulator, which calculates each contributor’s share based on: 
your share = (your accepted-share difficulty during the round)
             ────────────────────────────────────────────────  × pool remainder
             (total accepted-share difficulty during the round)
This is PPLNS-by-diff (pay-per-last-N-shares, weighted by difficulty). The harder your shares, the bigger your slice. Once verified, each contributor receives their share directly to the Bitcoin address they registered. No claiming. No portal. No login. For onchain participants (Hashpower NFT holders), the equivalent flow sends cbBTC on Base to the address that minted the NFT — same proportional math, different settlement chain.

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Rounds

A round is the time between two found blocks.
  • Round opens the moment the previous block is approved.
  • Every accepted share during the open round counts toward that round’s distribution.
  • Round closes when the next block is found.
  • Next round opens immediately.
Shares from a previous round don’t carry forward. The model rewards work done in the most recent window.

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Why this design

A solo miner pointing a single Bitaxe at a traditional pool will never see anything dramatic happen — at best, a tiny payout every block. With our hybrid model, that same Bitaxe has a real (if small) shot at 1 BTC. That’s a life-changing outcome from a single device, and it’s exactly the magic that brought any of us to Bitcoin mining in the first place.
The proportional split of the remainder means you get something from every block the pool finds, not just the ones you happen to solve. Steady accrual + lottery upside.
The 1 BTC finder reward is enforced by Bitcoin itself. The operator can’t take it, can’t delay it, can’t redirect it. This is the strongest possible payout guarantee in mining.
The same model works whether you contributed with hardware, a Hashpower NFT, or (soon) an x402-paid agent rental. Hashpower is hashpower.

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What gets paid in what currency

Contributor typePaid inWhere
Hardware minerBTCDirect to your stratum BTC address
Hashpower NFT holdercbBTCOn Base, to your minting wallet
Agent (when live)cbBTCOn Base, to your x402 settlement address
Finder rewards (when applicable) always pay BTC on the Bitcoin network, regardless of contributor type.

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