Is This the End of Bigcoin? Inside the Collapse of the On-Chain Mining Game

Bigcoin Crypto Coin Boom and (Probable) Bust: What Went Wrong?

For a while, BIG crypto coin was one of the most fun and addictive on-chain games. With a simple mining concept, daily space upgrades, and token rewards, it attracted degens and crypto gamers across the Abstract chain. But now, Bigcoins price has plummeted from $18 to $6.8 in a matter of hourssparking concerns that the project is collapsing under its own weight.

BIG/USD 15-mins chart - TradingView

Cole (@ColeThereum), an early player who started mining Bigcoin before most others, sounded the alarm in a detailed X post. And the red flags he raises are hard to ignore.

The Game Mechanics: Why Early Whales Had the Edge

Bigcoins system allowed players to upgrade their mining space once every 24 hours. Those who got in early were able to consistently improve their setups, unlocking more power for advanced mining rigs.

As of yesterday, only about 50 players had reached a cheap office space with enough wattage to host a single ASIC minerpriced at around $8,600 or ~3000 $BIG. But today, a handful of players (aka whales) finally unlocked the next space tier: a high-powered unit with 7000 GW, enough for three ASIC RIGS.

These triple-rig setups are capable of mining an estimated 4,500 $BIG per day, which equals $50,000$75,000 daily based on earlier prices.

Massive Sell Pressure and a Bigcoin Price Crash

What happened next was predictablebut devastating for the rest of the players.

According to Cole, only a few whales had the capital and foresight to invest $100K$150K in triple ASIC rigs. These whales, now far ahead of the average player, began dumping their mined $BIG to secure profits, creating immense sell pressure.

The result? A freefall in the Bigcoin pricefrom $18 to $12, and later to $9, all within the same day. For everyone else still climbing the upgrade ladder, the value of the token they were earning began to evaporate before their eyes.

Is Bigcoin a Ponzi?

Several community members, including journalists at CryptoTicker, are now calling Bigcoins structure into question. The game heavily rewards early adopters who mine and dump, while latecomers bear the brunt of the token dilution.

Some notable points:

Bigcoin.tech is not listed on CoinMarketCap
The token can only be tracked via DEXTools (View Pair)
Theres no sustainable inflow of new players to absorb the massive daily supply generated by top-tier rigs

All these signs point toward a Ponzi-like model, where early investors make outsized gains, and late participants are left holding the bag.

Parallel Concerns: The Wayfinder Connection

Interestingly, another projectWayfinderhas surfaced around the same time, attracting attention with a similar gamified setup and referral incentives. It launched in the middle of tariff escalation news and appears linked to Prime.

You can check the CoinMarketCap listing here and visit the Wayfinder dashboard here.

While not directly connected to Bigcoin, both projects exemplify how gamified Ponzinomics can capture users quicklyonly to fall apart just as fast.

Is This Game Really Over for Bigcoin Crypto?

Cole closed his thread with a bittersweet reflection: It was the most fun Ive had on-chain in a while. He and other early players likely walked away with huge profits. But for newer players hoping to mine and earn in the long term, Bigcoin may have already peaked.

Unless there's a new mechanic, token sink, or game expansion introduced fastthe whales have already won. And the Bigcoin price may continue to slide.

Text source: CryptoTicker

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