HookedMiner: An Energy-Import
Machine for Proof-of-Swap

Abstract. Hooked Bitcoin re-runs Bitcoin's issuance inside a swap hook. That hook sits on a quiet chain: Robinhood Chain has no native flow of its own. This paper proposes a feeder for that hook — a FOMO turbine on Ethereum. You take miners. Every buy is cut four ways. Forty percent leaves on a ten-minute clock and is spent as mining and permanent liquidity for $HBTC. Twenty percent is the pot. Twenty percent opens the next round. Twenty percent is on miners already held. The timer is a dead-man's switch on those same ten-minute blocks; nobody can know the last block in advance. You take L1 ETH only — on miners, and the pot if you are the hooked one. You do not receive $HBTC. The machine has no owner, no admin keys, no treasury, and no upgrade path. It does not modify OreHook. It claims bounds and honesty about latency — not that the pot pays, and not that hooked ether arrives in twenty-four hours.

1. Introduction

Most machines that gather ether keep it. When belief pauses the pot is still only ether, waiting. Proof-of-Swap inverted that grammar for a coin: a purchase is a hash, a fee is electricity, a pool is the coinbase. What it did not supply is a grid. A minting hook on a quiet chain is a machine with no fuel.

We ask a smaller question than —how do we mint Bitcoin.— We ask where the energy comes from. Our answer is a second machine, on Ethereum, whose only job is to import that energy. The unit it sells is a miner. The driveshaft is the canonical bridge. The working end is OreHook, already live, already unable to be upgraded by us. One hook mints Bitcoin. This machine feeds it.

This paper is written in the spirit of 2008: what is enforced, what is bounded, and what the protocol cannot do.

2. The Unit Is a Miner

You call a plain payable function, buyMiners(). The L1 body is deliberately not a v4 hook. Ether enters; a miner balance — eighteen decimals, like ether — is credited to the caller on a rising curve. There is no reserve, no second token, no pool on L1. Miners are an internal account. They cannot be transferred. They retire when their round dies.

A miner has one ETH stream. Later buys may land ETH on miners already held. The hooked 40% mines $HBTC for the protocol — pair or burn. You do not receive that coin. Front-running a deterministic curve is just buying earlier.

The v4 face lives where attribution is written. Every mining buy the sink sends to OreHook carries hookData = address(this). Pairing records go to the zero address. OreHook is not this contract and is not changed by it.

3. Four-Way Split

A later buy is cut the same four ways you see on the site: the hooked one 20% (the pot), on miners 20%, next round 20%, Hooked 40%. The pot pays one hundred percent to the last buy at or over min of the dead block. Next round is structural: the new round opens holding twenty percent of the last round's entire volume, so a dead second round of the old kind cannot happen by emptiness alone.

The first buy of a round has no miners yet, so that on-miners slice is added to this round's pot. First buy is therefore 40 / 40 / 20 / 0. Freshly minted miners never take a cut of the buy that created them.

The last round's next-round slice does not land as a lump. It drips into the pot over the first 144 blocks of the new round. One opening buy cannot take the whole leftover in ten minutes.

4. The Dead-Man's Switch

A scheduled end teaches camping. We refuse a cap. The round dies when one full Hooked Bitcoin block — six hundred seconds — passes with nobody over min. The last block is named only in retrospect. While a block is open it cannot be last. Waiting is self-defeating: if you do not buy, you may miss the death; if you buy, you extend the life and any later buy at or over min becomes the hooked one.

Any amount may buy miners. Only a buy at or over min extends the switch, is the hooked one, counts as a last block, and can take the pot. A buy under min still takes miners and still takes on miners. You're not the hooked one. That block doesn't count. You can't take the pot. That min is a function of age, not of volume:

with m0 = 0.002 ETH, m1 = 0.02 ETH, A = 144, B = 432, D = 72, age in ten-minute blocks. A volume-coupled floor can be pumped until only one wallet can keep the round alive. A calendar cannot. The doubling phase outruns any fixed budget without ever announcing the death block. A later buy at or over min is indistinguishable from patronage: every buy feeds the machine.

Settlement is not automatic. After death the pot still waits until a poke or a new buy closes the books. A poke settles and does not open the next round. Opening is a buy of at least m0. The contract does not start its own next round.

5. The Pot Mines

While the switch is alive, forty percent of each buy is owed to the other chain. On each ten-minute boundary the L1 body writes a retryable to the Delayed Inbox — dest sink.fund(), one unlabeled tank. On Robinhood Chain a sink spends the tank in two strokes. Half market-buys $HBTC — that swap is a hash. Half is the ETH side of permanent full-range liquidity. Harvested OreHook rewards are 100% protocol: paired in the block they are born, or burned if they cannot pair. There is no idle inventory, no treasury to steal, and no player receipt.

A thin book is not a defect. The machine is the LP that needs no yield: cheaper mining is the product, not extractable fees. Full-mine cost at the live work target is a public number, not a promise that every block will fill.

6. What you take

You take L1 ETH only. On miners may be withdrawn at any time. The pot may not — it waits until the round dies and settles, then the hooked one takes it. There is no HBTC receipt, no 30-day unlock, and no claim on Robinhood.

7. What the Protocol Cannot Do

It cannot upgrade itself, pause itself, or appoint a steward. It cannot change OreHook. It cannot invent a second dumpable ticker. It cannot promise that a hooked ticket arrives in twenty-four hours — late is allowed, lost is not; the late bound is the four-day force-include window and the chain's filter, not a service-level promise. It cannot withdraw that ether back to Ethereum in one transaction; the optimistic exit is about seven days. It cannot start a new round with a poke. It cannot pay the pot before settlement. It cannot make an empty block mint.

Honesty requires the converse list. Inbox, bridge, PoolManager, and OreHook are external substrate. Quiet hours need a permissionless poke. If nobody remits, fuel accumulates on L1 until someone does — it does not leak to an admin, because there is no admin. Nothing here promises that a miner, on miners, or the hooked one is worth more than the ether that bought it.

8. Honest Timing

9. Conclusion

We have proposed a feeder for a Proof-of-Swap Bitcoin: miners on a rising curve, a four-way cut, a dead-man's switch with no knowable end, and a pot that mines instead of sitting. You keep L1 ETH. The hooked forty percent feeds the hook. The design declines every discretionary power it could have had. What remains is a machine, a bridge, and a hook that already knew how to mint.

References

1. S. Nakamoto, —Bitcoin: A Peer-to-Peer Electronic Cash System,— 2008.
2. Hooked Bitcoin, —A Proof-of-Swap Reissuance of Bitcoin,— hookedbitcoin.org, 2026.