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Bounty 2: Create & Grow a STX Mining Pool #8

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Zk2u opened this issue May 17, 2021 · 0 comments
Open
2 of 7 tasks

Bounty 2: Create & Grow a STX Mining Pool #8

Zk2u opened this issue May 17, 2021 · 0 comments

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@Zk2u
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Zk2u commented May 17, 2021

Become one of the first 2 STX Mining Pools with at least $100,000 of BTC committed for a Stacking cycle.

Create an STX Mining pool, start operating it, and try to grow the amount of BTC pooled to at least $100,000. You may create proprietary infrastructure and/or business models for your pool.

Type: Solo or Team
Expiration Date: Good until cancelled
Reward: 2 separate rewards, each for 100,000 STX tokens

Requirements

  • Mining pool must be permissionless, meaning anyone who wants to join can
  • Must use the pooled BTC for the purpose of STX Mining
  • Must have proof of mining activity over the course of at least 1 Stacking cycle

Judging Criteria

  • How does the submission go about pooling? Is it custodial?
  • How does the submission ensure the safety of member funds?
  • How easy is it to join?
  • How many members have committed capital? (of 2 pools both have $100K BTC committed, preference will be given to the pool that has more members)

How to Submit

  • Send an email with your pool's information, including BTC and STX addresses to [email protected].
  • Include the pool's BTC address and snapshots of the pool's BTC balance.
  • Include proof of STX Mining activity over the course of 1 Stacking cycle.
  • Daemon Technologies reserves the right to require a follow up call to cover any questions on your submission
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