Every term this site uses, defined once, with the formula printed. If a number on btxinfo confuses you, its definition is on this page. Machine-readable pointers live in llms.txt.
BTX’s proof of work: 512×512 matrix multiplication over a finite field, running on the same broad GPU compute substrate that powers AI. Work is measured in nps (nonces per second); a 5090-class card produces roughly 25,000 nps.
Total nps competing on the network right now, read from our full node every 15 minutes. Your share of it, times 960 blocks a day, times the block reward, is your expected daily BTX.
New BTX minted per block: 20 BTX until block 525,000, then 10 (the halving). 960 blocks per day at 90-second target spacing.
What it costs the whole network to produce 1 BTX right now. Formula: cards = network nps ÷ 25,000; floor = cards × rent × 24 ÷ (960 × emission). Band priced at $0.45 / $0.50 / $0.60 per GPU-hour.
The cost of a coin you must replace after selling it, on a network that grows every week. Formula: TMC = cost per BTX × max(2, 1 + weekly growth). Sell below TMC and every sale shrinks your position in BTX terms.
2 × TMC. Mine two coins, sell one at this price, and that one sale pays for both; the coin you keep costs you nothing. Below it, selling half no longer covers the bill.
Your sale price − TMC: what one sale really does to you. Positive means the sale pays for its own replacement. Negative, shown in red, means the sale does not cover replacing the coin and you shrank yourself. Your personal Sell Tax, computed from your own fleet and your own sale price, lives on the mining desk.
The live BTX valuation from the open btxprice.com model, which anchors BTX MatMul work to Bitcoin’s market value per unit of network security. Not an exchange print; a formula anyone can check.
What BTX would be worth if the market valued its security budget at another chain’s security multiple (market cap ÷ annual security budget). Formula: implied BTX market cap = BTX annual security budget × peer multiple; implied $/BTX = that ÷ visible supply. Peers use revenue budgets (subsidy × price × 365); BTX uses its replacement-cost budget (GPU rent to match the network × 365). The full valuation table lives on the metrics page.
The rent bill for matching the entire network’s compute at open-market GPU prices: card-equivalents × $0.50 × hours. Matching the network costs exactly what the network spends; that is the point of proof of work.
Of all BTX that exists, how much could actually be bought: visible supply minus provable vault clusters (identical split balances that have never moved). The real shelf. Days to absorb = true float ÷ daily emission.
Single entities holding split, unmoved, identical-balance positions, proven by the chain itself. Subtracted from supply to compute true float; conservative on purpose.
A system built on top of BTX that batches thousands of transfers, nets them, and anchors the result to the base chain with a guaranteed exit: anyone can always withdraw to base-layer settlement with no operator’s permission. Every switch denominates its fees in BTX and pays them to the miner-validators.
BTX’s flagship Layer 2 clearing switch: the venue where trading, clearing, collateral, and lending will happen, targeting finality in one to two seconds when live, anchored to BTX settlement. Every fee EVX charges is collected in BTX and paid to the validators securing it, and those validator seats are won by mining BTX.
The share of solo-mined blocks that lose the propagation race and pay nothing. Enters the mining desk as a haircut on expected BTX/day for solo fleets.
The scheduled emission cut at block 525,000: 20 BTX per block becomes 10. Every miner’s cost per BTX doubles overnight; the floor and TMC move with it.