In the late 2030s, a war over the control of bitcoin breaks out.
But unlike bitcoin wars of the past, the weapons aren’t ASIC miners and money. They’re AI algorithms and computing power. Who can break the blockchain first?
In the dark of night, a cabal of fundamentalist miners holds a meeting and birth their champion.
Tgob (The God of Bitcoin) is a superintelligent AI entity, created to restore order to the bitcoin blockchain as its new keeper. He will maintain Satoshi’s original vision, no matter the cost.
To gain control of bitcoin and stop the war before it begins, Tgob is sent back in time to begin building his army of supporters.
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How do Mining Totems work?
Every time a bitcoin block is confirmed, a Rune Mining Totem credits the wallet holding it with a pre-allocation of $TGOB. This rate-per-block varies depending on a wallet’s combination of Totems, applied bonuses, and the individual Core Weight of each held Totem.
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Totem Activation
Rune Mining Totems will not start producing $TGOB until they have been transferred at least one time, excluding the initial airdrop. This can be a self-transfer.
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What is Core Weight?
Each Totem has a randomly assigned ‘Core Weight’. This is the total number of potential $TGOB a given Totem can mine within the whole mining period. You can determine a Totem’s mining rate-per-block by dividing its Core Weight by the total number of blocks in the mining period (roughly ~5,200).
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When is the mining period?
The mining period starts on the block in which the parent Ordinal is inscribed (this Ordinal you’re looking at). The mining period ends at block height 840,000 (the halvening/approximately April 19th, 2024).
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Sacrificing
Each Totem has a randomly applied ‘Sacrifice Bonus’ between 0% and 100%. At any time during the mining period, a participant may opt to send their Rune Totem(s) to the bitcoin Genesis address:
1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
The wallet that sacrifices a Totem is automatically credited the remainder of the Totem Core Weight and a bonus calculated by applying the Sacrifice Bonus to that number.
For example, if a Totem with Core Weight 1,500,000 and Sacrifice Bonus 25% is sacrificed 60% of the way through the mining period, then the wallet which sacrifices it will receive the Totem’s remaining 600,000 Runes + an additional bonus of 150,000 Runes (0.25 x 600,000). Therefore if maximizing Rune yield is goal, it is advantageous to Sacrifice a Totem as early in the mining period as possible as the bonus will be largest.
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What is the $TGOB Rune?
$TGOB is the Rune that Rune Mining Totems produce. There is a maximum supply of 21,000,000,000. It will be distributed based on final pre-allocation stats at the end of the mining period.