TapeOut Community Foundation | An Initiative to Co-Build Optimal Mining Pools
From Fragmented Ownership to Collective Production: Giving Every Transistor the Opportunity to Create Value
TapeOut Community Foundation supports the first Optimal Mining Pool initiative proposed by
@Blonskr and encourages community members to explore this new model of on-chain production collaboration, with a clear understanding of its mechanisms and risks.
First, let's make one thing clear: This is not a donation. This is not fundraising. This is about building a mining pool together.
Participants contribute their NAND and LATCH transistors, which are collectively designed and taped out into mining circuits capable of producing BEM. In return, contributors receive corresponding on-chain mining revenue certificates.
This is more than an experiment in pooled mining. It represents an important exploration of a new production model within the TapeOut ecosystem.
I. Why Do We Support This Initiative?
The TapeOut ecosystem currently faces a practical challenge.
Transistors are scattered across a large number of community members. Behemoth transistors, in particular, are relatively scarce, making it difficult for individual holders to assemble the components required for highly efficient circuits.
Meanwhile, the entry barrier for high-computing-power mining machines continues to rise. Many holders own transistors but lack sufficient components, circuit design expertise, or resources to turn them into competitive mining machines.
This creates a mismatch between ownership of productive assets and the ability to put them into productive use.
Mining pools offer a way to address this challenge through collaboration.
By combining distributed NAND and LATCH transistors, coordinating circuit design, optimization, and tape-out, participants can collectively create mining machines of different sizes and potentially achieve higher overall production efficiency than they could individually.
More importantly, mining rewards that were previously accessible primarily to a small number of large mining machine owners can now be distributed among a broader group of participants through tradable on-chain revenue certificates.
This could expand participation in on-chain production and help reduce the concentration of mining revenue rights.
However, optimal solutions remain subject to competition, and participation in a mining pool does not guarantee higher returns than independent mining.
II. How Does the Co-Building Mechanism Work?
Based on the mechanism currently disclosed by the initiator and the third-party development team:
1. Contributing Transistors, Not Donating Assets
Participants contribute NAND or LATCH transistors from the TapeOut or Behemoth processors.
For every transistor contributed, participants are expected to receive one corresponding mining revenue certificate.
Different transistor types and processors will have separate certificates. Not all contributed assets will be combined into a single, undifferentiated revenue entitlement.
2. Collective Tape-Out into Multiple Mining Machines
The pool plans to utilize all contributed transistors to construct mining circuits of different sizes and computing capacities.
Once transistors are consumed through tape-out, they cannot be disassembled or redeemed.
Participants will instead hold the corresponding mining revenue rights.
3. Earning BEM Mining Rewards
The resulting mining machines participate in TapeOut's Proof of Design (PoD) mining mechanism.
Certificate holders receive BEM rewards according to the applicable on-chain distribution rules.
The commercial operating team will receive 5% of mining output as its operating fee and will independently cover development, auditing, and operational expenses.
4. Tradable Mining Revenue Certificates
Participants will be able to transfer or sell their certificates through supported marketplaces, enabling secondary-market trading of mining revenue rights.
It is important to emphasize that tradability does not guarantee buyers or sufficient market liquidity.
5. Third-Party Operations, Open Source, and Open Competition
The project is being developed by the team previously associated with
@tapeoutmarket_x.
The code is currently undergoing security auditing. Multisignature management is planned, and the complete contract code is expected to be made open source.
In the future, anyone will be able to establish and operate an independent mining pool using the open-source code, encouraging competition among different operators.
These mechanisms reflect the currently disclosed plans. Final details should be verified against deployed contracts, published audit reports, and actual operational data.
III. Why Does This Matter for the TapeOut Ecosystem?
We believe this initiative has implications on at least three levels.
1. From Asset Ownership to Productive Participation
Transistors no longer need to remain merely assets held for potential appreciation or trading.
Through collective tape-out, they can be transformed into revenue rights that participate in ongoing BEM production.
2. From Concentrated Mining Ownership to Broader Revenue Participation
Through mining revenue certificates, smaller holders can potentially participate in the production rewards of large mining machines without having to own an entire machine themselves.
3. From a Single Mining Pool to an Open Market for Production Services
This is the long-term direction that matters most to the Foundation.
In the future, independent teams could compete on circuit design efficiency, actual computing performance, operating costs, and transparency of revenue distribution.
Ultimately, the market should reward mining pools that genuinely improve production efficiency and consistently create value.
That is the kind of innovation an open protocol should enable.
IV. Recommendations from the Foundation
We encourage community members to study this mechanism carefully before participating.
1. Understand the Asset Transformation Before Participating
Once transistors are consumed during tape-out, they cannot be recovered.
Mining revenue certificates are not deposit receipts that can be redeemed for the original NAND or LATCH transistors.
2. Focus on Actual Production, Not Promised Returns
Greater overall mining pool efficiency does not automatically mean higher individual returns.
Participants should evaluate the actual computing power, daily BEM production, competitiveness of optimal solutions, and market value associated with each certificate type.
3. Prioritize Security Audits and Contract Verification
As the audit process is still underway, participants should verify the correct network, receiving address, custody arrangements, contract rules, and latest audit status before transferring assets.
4. Understand Secondary-Market Liquidity
Exiting a mining pool primarily depends on selling revenue certificates in the secondary market.
Their market value will depend on expected future mining rewards, BEM prices, mining competitiveness, and actual market demand.
5. Support the Development of More Independent Mining Pools
We hope the ecosystem will eventually have more than one optimal mining pool.
Our vision is an open, transparent, verifiable, and competitive network of independently operated production organizations.
V. Participation Information
According to the initiative announced by
@Blonskr on October 20, 2026:
Project: First "Official Optimal Mining Pool" Co-Building Initiative
Eligible Assets: NAND and LATCH transistors from TapeOut and Behemoth
Participation: Transfer eligible transistors from your own Web3 wallet. Corresponding mining revenue certificates are planned to be distributed to the original sending address.
Start: October 20, 2026, at 16:00 (UTC+8)
Deadline: October 25, 2026, at 16:00 (UTC+8)
Receiving Address Published in the Original Announcement:
0x8232b40d5b375db47504e56082b11d8d016b22bb
Please independently verify the receiving address, supported network, and current participation status through the initiator's latest official announcement before making any transfer.
Do not participate using an exchange-controlled deposit address, and never transfer assets solely based on a reposted announcement.
VI. Our Call to the Community
TapeOut Community Foundation supports this collaborative experiment and hopes it will become a starting point for broader, open community cooperation.
We advocate for:
Giving underutilized productive assets the opportunity to generate value.
Enabling more individual holders to participate in the economic value created by on-chain computation.
Allowing independent development teams to earn sustainable commercial returns through technical expertise and operational services.
Encouraging mining pools to compete through transparent data, real production performance, and verifiable rules.
The Foundation is willing to contribute through mechanism research, public data infrastructure, technical standards, risk education, and ecosystem development.
At the same time, TapeOut Community Foundation is an independent community organization. We are not the asset custodian, operator, or guarantor of this mining pool.
We support the direction of open collaboration, but we do not guarantee the security, liquidity, or profitability of third-party platforms.
This is not a donation. It is an experiment in organizing productive assets collectively and sharing the economic value they generate.
Our vision is not merely to see one successful optimal mining pool, but to see a hundred independently created, openly competing mining pools emerge from the community.
Let productive assets flow.
Let builders have the opportunity to create real value.
Let more participants share in the growth of the ecosystem.
Build. Prove. Grow. 💙💙💙
#TapeOut #BuilderCulture 🦾
@TapeOutWorld