solXEN is a fairly distributed 1st principles community token earned through PoW
mining on the Solana blockchain.
solXEN mining was limited to a predefined window of 30,024,000 blocks in 2024, during which miners continuously utilized approximately 30% of Solana's total network capacity.
X1 Labs Inc. is now developing the X1 Blockchain, a fork of the SVM codebase, which will introduce dynamic base fees. This change aims to make substantial occupation of a single program not impossible but significantly more costly.
Mining for 420 hashes involves sending a transaction using the SolXen miner script. If the priority fee is high enough the Solana leader as well as the rest of the validator cluster will then run the 420miner script.
The script leverages the cryptographic hashing algorithm Keccak256 to find a hash containing a string with 420/42069 in it. Upon successfully finding the correct hash the miner is rewarded with solXEN, as well as becoming eligible for XN airdrop via included ethereum address.
A miner is rewarded solXEN for every 420 hash found according to this formula:
420hash * AMP = solXENwhere AMP is the amplification.
The AMP starts at 300 and reduces by 1 every 100.000 blocks. Given that each block is 400 ms the AMP will be reduced to 0 in about 139 days, which makes the limited distribution period for solXEN.
The probability of finding a 420 hash is roughly 95%. solXEN is directly issued upon finding a 420 hash and is transferable.
If 42069 is found in a hash, the amount of solXEN is multiplied by 250. The probability of finding a 42069 hash is roughly 0,2%, which is 250X harder to find than a 420 hash.
