Gas Management:

It’s very important to understand our contract deployment and token minting was purely the result of precision technical execution and no miner bribes or gas war tactics were attempted.

Our contract was deployed and all 10,000 tokens were minted and staked using a gas price of 100 gwei resulting in a total fee of only 2.1 ETH (which would be comparable to executing the same transaction during any moderate network activity gas window on any random day).

Gas management was a key element of successful execution. The contract deployment and its mint/staking commands were intentionally designed to require roughly 2/3 of the total available block space.

This helped ensure ETH miners (who would optimize for total value from all available transactions in a fairly mined block) would settle our single large transaction before most of the smaller pending transactions even though they were submitted at higher gwei.

So, while no bribes or gas war level prices were paid, the deployment was engineered to take advantage of how miners settle blocks to maximize odds that we made it into the targeted block and left no room for another contract and large mint to be executed.

We could have easily designed our contract and mint to require the block's full capacity, but we strategically left enough block space for a number of these smaller transactions with extreme gas settings room to settle in the block. This ensured those parties truly waging gas war to execute smaller transactions we didn’t care about (like minting NFTs from a previously deployed contract) wouldn’t bump us to another block or cause our transaction to fail.

Leaving no room for a competitive contract to be deployed in our target block was key to leaving no doubt of who holds the indisputable final PoW collection. #theyexist

Last updated