Minera - Liquid mining app - Joe M.

[Hero-Gamer]

No description provided.

[joemacmillan6]

1. Total grant amount: $565

2. Project Description:

Minera is a decentralized mining pool for Stacks. We are looking to promote the security of the Stacks network by participating in the Proof-of-Transfer as a miner while offering investors an opportunity to monetize Bitcoin as an asset to earn a rate of return passively. Minera lowers the barrier to entry in Stacks mining by pooling Bitcoin together from investors that otherwise would have not been able to as the capital to mine Stacks is high.

3. Impact:

Minera increases decentralization and security to the Stacks network. A new miner will increase competition amongst existing miners which results in competitive bids and higher stacking rewards. As a decentralized mining pool, we are looking to contribute to the community with everything related to Stacks mining as currently there is a lack of data in this space. We are looking to fill this gap in addition to becoming a miner. Furthermore, the opportunity to generate passive income on Bitcoin is a great opportunity to attract new users to Stacks.

4. Project Timelines, Milestones, Deliverables:

Kick-off payment: 0% - $0

Milestone 1: 50% - $282.50 - September 1, 2024
Deliverables:
Set up and sync Bitcoin and Stacks nodes
Set up test mining pool

Milestone 2: 50% - $282.50 - September 30, 2024
Deliverables:
Create a website and provide and maintain STX mining data on a dashboard

5. Is / will this project be open-sourced?
   Our protocol and website will be all open sourced.
   Our "bidding" algorithm will be private for competitive reasons with other miners

6. ZeroAuthorityDAO profile link: https://zeroauthority.xyz/profiles/SP23ZSH34VFD9WC6FVWYNKJAVME1SN89ZWHHR5NCC

[joemacmillan6]

Syncing of Bitcoin and Stacks nodes complete, below is the output of Bitcoin and Stacks newest block synced up to the block tip.

<20443/v2/info | jq '.burn_block_height, .stacks_tip_height'
864604
864604
168877
stacks1@stacks-node-01-clone:~$ exit

[Hero-Gamer]

Hi @joemacmillan6

Are you on track to completing the grant by end of Oct? Please post updates.

[joemacmillan6]

We are unfortunately not on track to complete by end of Oct but still progressing

[Hero-Gamer]

What's are expected dates of completion for all milestones?

[joemacmillan6]

REVISED

1. Total grant amount: $565

2. Project Description:
   Minera is a data analytics website for Stacks mining. We will be providing a deeper analysis on the economics of mining. Our goal is to educate the crypto community on Stacks as a L2 solution and the benefits of POX specifically in mining. In addition, we are looking to promote the security of the Stacks network by participating in the Proof-of-Transfer as a mining pool offering investors an opportunity to monetize Bitcoin as an asset to earn a rate of return passively.

3. Impact:
   Through our website, Minera is looking to educate the crypto community on the economic benefits of POX. As there is currently a lack of data regarding mining we will provide more transparency and be a source of knowledge for anyone interested in Stacks mining. This will increase decentralization and security to the Stacks network as new miners coming in will increase competition amongst existing miners which results in competitive bids and higher stacking rewards. Minera lowers the barrier to entry in Stacks mining by pooling Bitcoin together from investors that otherwise would have not been able to as the capital to mine Stacks is high.

4. Project Timelines, Milestones, Deliverables:
   Kick-off payment: 0% - $0

Milestone 1: 50% - $282.50 - January 15, 2025
Deliverables:

1. Create script to extract Stacks miner information
2. Store information in database
3. Create charts/graphs based on database queries.
4. Create website

Milestone 2: 50% - $282.50 - February 15, 2025
Deliverables:

1. Finish website design
2. Have graphs up and running from SQL queries of miner data
3. Start adding blogs to Minera website

Is / will this project be open-sourced?
Our protocol and website will be all open sourced.

ZeroAuthorityDAO profile link: https://zeroauthority.xyz/profiles/SP23ZSH34VFD9WC6FVWYNKJAVME1SN89ZWHHR5NCC