Original | Odaily Planet Daily ( @OdailyChina )
Author | Ethan ( @ethanzhang_web3 )
On April 9, Abstract continuously reprinted articles about Bigcoin mining chain games, which attracted a lot of attention from Chinese and foreign communities. The project started mining on the same day. According to the projects official website, as of April 11, the entire network has mined about 960,000 BIG (accounting for 4.57% of the total supply of 21 million), and the computing power has reached 61.1 million GH/s. It is currently in the early mining boom and is expected to usher in the first halving on May 18-20, 2025.
According to the latest data from Dexscreener , the current market value of BIG tokens has exceeded 11.6 million US dollars, the popularity is still continuing, and the mining profits are substantial.
Project Introduction
Bigcoin is a blockchain mining game project based on the Abstract chain. According to the white paper , it is inspired by the iconic mechanism of Bitcoin. Bigcoin combines Bitcoins fixed supply, halving mechanism and decentralized mining model with on-chain gamification design, aiming to provide a new generation of users (players, creators, investors) with an interactive project that is easy to participate in, community-driven and full of potential; through accessible on-chain mining and viral incentive mechanisms, it reproduces the success of Bitcoin while solving problems such as high cost, slow transactions and hardware barriers of Bitcoin (voiceover: I dont understand how building games based on Abstract chain and issuing ERC tokens solves Bitcoins problems) .
Key highlights (based on the project white paper ):
1. A modern re-creation of the Bitcoin Classic mechanism
Fixed supply : The total supply of Bigcoin (BIG) is 21 million pieces, following the scarcity design of Bitcoin to ensure long-term value potential.
Halving mechanism : The initial block reward is 2.3 BIG, which is halved every 4.2 million blocks (about 53.5 days, assuming an average block time of 1.1 seconds), simulating Bitcoins deflation model.
On-chain mining : No expensive physical hardware is required. Players can participate in mining by purchasing virtual mining machines and facilities, which lowers the entry threshold. Anyone can earn BIG through on-chain interactions.
2. Gamified mining system
Mining machines and facilities : Players purchase mining machines to obtain hashrate and manage the operation of mining machines through facilities. Mining machines have three attributes: hashrate, energy consumption and purchase cost; facilities have restrictions on the number of mining machines they can accommodate, power output and upgrade costs. Players need to balance hashrate and energy consumption to optimize profits.
Reward distribution : The BIG reward for each block is distributed according to the proportion of the players computing power to the total network computing power. The formula is:
Dynamic Strategy : Facility upgrades have a 24-hour cooldown period, and players need to find the best strategy between purchasing mining machines, upgrading facilities, and optimizing energy consumption.
3. Deflation and incentive mechanism
Destruction mechanism : 75% of the mining machine purchase and facility upgrade costs will be permanently destroyed, continuously reducing the BIG supply in circulation and promoting token deflation.
Referral Rewards : 2.5% of mining rewards are allocated to referrers to encourage community dissemination and user growth, creating a viral promotion effect.
Low-cost entry : Players only need a small amount of ETH to purchase the initial facilities (with optional free mining machines), and all subsequent upgrades will use BIG tokens, lowering the threshold for novice participation.
4. Technology and transparency
Deployed on the Abstract chain: The high throughput and low cost of the Abstract chain make it an ideal gamification blockchain platform, and Bigcoin takes full advantage of its advantages to achieve fast and economical on-chain interactions.
Contract address:
Bigcoin Token: 0xDf70075737E9F96B078ab4461EeE3e055E061223
Main program: 0x09Ee83D8fA0f3F03f2aefad6a82353c1e5DE5705
Interactive Tutorial
STEP 1. Enter the interactive website (official website) and bind your Abstract account:
STEP 2. Click BUY FACILITY on the right side of the page and spend 0.01 E to buy a room.
STEP 3. Click any grid in the room and click BUY MINER on the left to start mining.
There are two ways to participate:
Method 1: Choose the free miner POTATO MINER, you can mine after casting, and you can sell while mining (civilian version) ;
Method 2: Choose an advanced miner (there are multiple options). You may need to upgrade the room according to the situation to meet the requirement that the room energy ≥ the sum of the mining machine energy, which will result in a faster mining speed (pay-for-money version).
Some experience:
The earlier you participate, the earlier you benefit; if you participate late, the probability of collapse may be higher.
It is not recommended for novices to buy miners directly for the following reasons: 1. Insufficient space. If the room is not upgraded, it can only hold 3 advanced miners at most. 2. The upgrade cost is expensive, the BIG price is high, the payback period is short, and the risk is high.
There is currently no limit on the number of accounts, and multiple accounts can be used for mining. In addition, the ideal krypton gold combination is: 1 advanced miner + 1 free miner.
Advocate the dig, sell and withdraw strategy to prevent the risk of collapse.
The following are screenshots of the returns of different combinations for reference (the following are historical data as of April 9)
1 Free Miner
1 Free Miner + 1 Premium Miner (20 BIG)
2 Advanced Miners (20 BIG)
