The Ladder — what's actually live vs. narrated
STEP 1 / SUPPLY
PoW Puzzle
PENDING"Launching the PoW puzzle first." — founder, Telegram, Jul 7 '26. Miners earn $NOCK for noise-masked matmul. Subsidized work, no buyer required.
STEP 2 / MARKET
Compute Market
EVENTUALLY"Compute Networks will eventually allow Nockchain to orchestrate compute jobs." — @nockchain, Jul 10 '26. Purchasable compute: no spec, no public code.
STEP 3 / DEMAND
Paid Demand
$0 VERIFIEDUnsubsidized third-party volume verified to date: none. PR #124's own description: work "for subsidizing AI inference or training."
Emissions — Aletheia schedule on-chain constants
Network manual — edit CONFIG
Miner breakeven calculator client-side
Share-of-proofrate approximation of the block lottery. Network proofrate is manual until a public API exists — check pool dashboards for current totals. Assumes 80% miner share of emissions (post-Aletheia 80/20 split).
Base-layer usage — the demand gauge live
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Security spend = daily emissions at market price. Every chain subsidizes early usage — this shows by how much.
Mining concentration last blocks
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Reward address = larger coinbase output (80% share). Fund address excluded. Pool addresses may represent many individual miners. Window shares are indicative; the 24h census unions all sampled winners. Nakamoto coefficient = fewest reward addresses needed to exceed 50% of window blocks (1 = single-entity control).
The Record — claims vs. events receipts on file
Repo activity — nockchain/nockchain github api
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PR #124 (AI-PoW puzzle)…