Solana-Powered Infrastructure for DePIN Mining
Why Solana?
SxMiner is purpose-built on Solana, a high-performance Layer 1 blockchain renowned for its scalability, low latency, minimal transaction costs, and developer-friendly environment. While many mining-related projects historically operated on Ethereum or BNB Chain, Solana offers a unique value proposition that aligns perfectly with our goals:
High Throughput: Up to 65,000 transactions per second (TPS), enabling real-time telemetry, staking updates, and reward distribution without network congestion.
Low Gas Fees: Micro-transactions like staking rewards or governance votes incur near-zero fees, making the platform inclusive even for small token holders.
Parallel Transaction Processing: Thanks to Sealevel, Solana’s parallel smart contract engine, SxMiner can execute concurrent reward cycles, pool routing, and governance votes simultaneously.
Strong Ecosystem: Rich DeFi infrastructure, NFT tooling, and hardware wallet support make it easy for developers and users alike to integrate with $SXMR functions.
These attributes make Solana not just a settlement layer, but an execution engine capable of supporting the full lifecycle of decentralized physical infrastructure mining.
Core Protocol Modules
SxMiner is structured around several core smart contract modules, each responsible for a critical component of the platform’s logic. These are deployed on Solana using the Anchor framework to ensure security, upgradeability, and composability.
a) Mining Access Contract
This module handles the token-to-hashpower conversion. When a user stakes or locks $SXMR, the contract logs their allocation, calculates proportional mining shares, and forwards them to the reward engine.
Handles staking ratios, cooldown timers, slashing conditions
Integrates with global mining hash index (GHXI) for dynamic capacity
Verifies staking proof for governance participation
b) Reward Distribution Engine
This contract receives daily BTC outputs from aggregated mining nodes, converts rewards into wBTC-SPL or other wrappers, and distributes them to $SXMR holders based on staking weight and time.
Automated daily snapshots
Yield recalculations every 24 hours
Optional compounding or auto-withdrawal options
c) Telemetry & Node Health Oracle
A real-time data feed system that ingests hardware logs, uptime stats, energy consumption metrics, and pool performance data from connected mining rigs.
Connects to SxMiner’s cloud-based monitoring dashboard
Calculates node reputation and adjusts reward coefficients
Enforces green mining priority logic
d) NFT-Based Hardware Registry
Tokenized mining hardware (via NFTs) are tracked on-chain and assigned to specific wallet owners. These NFTs can:
Earn royalties from their share of mining output
Be transferred, upgraded, or sold on Solana marketplaces
Be used as collateral in DeFi integrations
e) Governance DAO Contract
Manages proposal submissions, voting mechanisms, and execution logic. Integrated with Realms (Solana’s DAO toolkit), allowing both direct token voting and vote delegation.
Time-locked proposals
Quorum enforcement
Reputation scoring for proposal authors
Security Architecture
SxMiner follows security-first design principles. Every module is built with:
Program Isolation: Smart contracts run in separate sandboxes using Solana’s BPF system
Access Controls: Only whitelisted node operators and DAO-approved pools may interact with core contracts
Audits & Bug Bounties: Third-party audits (e.g., by OtterSec, Zellic, or Halborn) are scheduled pre-mainnet. A bug bounty program will be launched through Immunefi.
In addition, all oracles are verified using multi-source consensus, and SxMiner’s telemetry feed will be partially replicated on Arweave or IPFS to maintain redundancy and historical auditability.
Interoperability & API Access
To allow third-party developers and institutions to build on top of SxMiner, the protocol exposes several open APIs:
Hashpower Tracking
Reward Streaming Feed
Node Metadata Access
NFT Registry Search
Governance Proposals Feed
These APIs allow wallets, explorers, DeFi protocols, analytics platforms, and green mining certifiers to integrate seamlessly with the SxMiner ecosystem.
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