Add Bitcoin Miner machines to ICP node ecosystem. These miner-nodes are a specialized type of ICP Node machine, typically ASICs. Dfinity can define the MinerNode Machine requirements These miners can be onboarded just like regular computing nodes are onboarded, except that these machines will live in specialized mining-subnets, these subnets will not receive computing requests , but will receive mining requests . Once these MinerNodes are onboarded users can buy timeshares on the mining-nodes by paying in ICP. MinerNode owners get paid in ICP for renting their rigs according to usage. ICP cycles are burnt when hashing calculations are done.
Once miner-nodes are available in ICP
Bitcoin mining pools can be setup on ICP where users can join and leave on demand. ICP can already theoretically store Bitcoin blockchain state. This will be a further enhancement to the ckBTC narrative. 1) Mine bitcoin on ICP 2) Send and receive bitcoin using ckBTC and 3) Verify and store blockchain state using ICP
2 Likes