jorgikol

It's a good day to mine on @RobinhoodCrypto

A lot about SLVR looks different from launch day, and most of it started with someone in the community pointing at a problem. Here's what we've changed over the last three months: Gas: At round 12,500 we moved to a rewritten contract that cut mining gas costs by 90%, which mattered most for smaller miners. The Payload: It used to reset to zero after every hit. Now 80% pays out and 20% seeds the next one. Refining: The fee now starts at 20% and falls to 10% over 24 hours, so holding pays more, and it still goes to everyone holding unrefined SLVR. Buybacks: 2% of every round now buys SLVR on the open market and burns it. Over 10,000 SLVR has been burned since. Swapbacks: At launch, the trading tax was automatically swapped to ETH, so the protocol was selling its own token every time it ran. We turned it off. LP staking: Rewards paused when swapbacks stopped and came back with the V4 migration, now funded by sell-side tax. The trading reward pool: It now fills to 1 ETH and draws hourly, with everything above that going to the Payload, so fees build one prize people care about. The community miner: Mining alone at small size meant gas and variance ate most of what you put in. The community pool lets anyone mine with any amount of ETH, pooled with everyone else's across all 25 squares, and whatever it mines converts to liSLVR and starts earning right away. Getting started: Needing a wallet extension kept people out, so we added email sign-in through Privy. None of this was on the launch roadmap. It came from people mining every day and telling us what felt wrong, so keep it coming in the Telegram. SLVR.