Cycle #77

We have received 2.63061350 BTC as rewards.

Dust transactions

There are many dust rewards of 200 sats from F2Pool bitcoin miner. We started to ignore these utxos because consolidating them is more expensive then their value. That means that a few sats will rest in the pox reward address. For this cycle, there were 52,150 sats left in the wallet after reward distribution. This is something to keep in mind when doing accounting.

Consolidation Part 1

After 1 week, we

and swapped 1.43 BTC into 39,872.286905 STX

Consolidation Part 2

For the second part,  1.18675500 BTC were wrapped and swapped.

Total Rewards

After the second consolidation and swap all rewards were distributed to all standard pool members and to the city coin treasuries.

A total of 67,110.247935 STX were distributed to 1290 pool members and 2 contracts. The distribution was based on 47,596,477.872488 STX.

Preparing for Nakamoto Release (5% reserve)

This year, the Nakamoto hard fork will bring sBTC. This means that we will replace aBTC with sBTC. The flow will be similar: wrapping to sBTC, then exchanging to STX and distributing.

However, stackers need to do more work eventually, run stacks and a signer node. We are preparing for that and put around 5% of the rewards aside. We started to build up infrastructure and it will allow us to operate Stacks 3.0 signer nodes.

For cycle #77, we sent 0.13145264 BTC to the reserve. That is around 5% of the BTC rewards.

Wrapping using aBTC

The rewards were wrapped from BTC to STX via aBTC. This worked quite well and fast. It is transparent and minting aBTC happens automagically. You can read more about aBTC at