INTERNET COMPUTER
Cycles / s 
Cycles / s

This is the rate at which cycles are being burned by the network.

Cycles are the digital fuel that powers computation on the network, and they disappear when consumed. When a user buys using a credit card, the payment provider purchases ICP tokens behind the scenes, converts them into cycles, and then charges up the user's hosted software or cloud engines.

1 trillion cycles is worth 1 XDR (known as a Special Drawing Right/SDR), a currency defined by the IMF. 1 XDR is worth about $1.44 USD.

Network market cap 
Network market cap

The network market cap is the number of ICP tokens multiplied by their price. Network users convert ICP tokens into cycles that are burned and disappear (deflation), and they are generated by the network to remunerate node providers operating nodes, and by some participants in network governance (inflation).

ICP tokens exist within network protocol, and enable it to create a network economy without central points of failure.

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§ Wiki · Topic12 entries

#gen-1

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  • May 4, 2026·3 min

    IC-OS UEFI Configuration — Gen-1 Supermicro

    BIOS and UEFI settings for Gen-1 Supermicro node machines — advanced settings (boot feature, ACPI, CPU, NB, PCIe) and boot mode required by IC-OS.

  • May 4, 2026·3 min

    IC-OS UEFI Configuration — Gen-1 Dell (PowerEdge R6525)

    BIOS and UEFI settings for the Gen-1 Dell PowerEdge R6525 — iDRAC password reset, processor, boot, integrated devices, and miscellaneous settings required by IC-OS.

  • May 4, 2026·7 min

    RMU Build: Teleport Setup

    Provision the Teleport container on the Gen-1.5 RMU, install the Teleport software, share RMU services through Teleport, and reference notes on roles, tokens, and upgrades.

  • May 4, 2026·5 min

    RMU Build: Proxmox Setup

    Install and configure Proxmox VE on the Gen-1.5 RMU — installation, repositories, container templates, ISO images, and LAN bridge networking.

  • May 4, 2026·3 min

    RMU Build: Prerequisites

    Networking, hardware, domain, and installation-media requirements to gather before starting the Gen-1 to Gen-1.5 RMU build runbook.

  • May 4, 2026·5 min

    RMU Build: MaaS Setup

    Provision the MaaS (Metal as a Service) container on the Gen-1.5 RMU, install MaaS, share it via Teleport, perform the initial configuration, and reserve a DHCP range for BMCs.

  • May 4, 2026·14 min

    RMU Build: Best Practices and Reference

    Recommended hardening and operational add-ons for the Gen-1.5 RMU — Proxmox firewall, RACADM, Dell OpenManage Enterprise, SuperMicro firmware updates, BMC console access, OPNsense GUI, and network/cabling reference tables.

  • May 4, 2026·8 min

    Node Provider Machine Hardware Guide

    Hardware specifications and validated server configurations for node machines that join the Internet Computer — Gen-1 legacy and current Gen-2.

  • May 4, 2026·11 min

    Node Deployment Guide (Gen-1, with HSM)

    Step-by-step runbook for installing IC-OS on Gen-1 node hardware using a NitroKey HSM — the legacy deployment path used by providers onboarded before the no-HSM flow.

  • May 4, 2026·4 min

    NitroKey HSM Installation Runbook

    Legacy runbook for initializing a NitroKey HSM with the OpenSC tooling, generating the EC keypair, and deriving the node operator principal — only required for Gen-1 onboarding.

  • May 4, 2026·3 min

    RMU build — Gen-1.5

    Process for building a new Remote Management Unit to convert a Gen-1 site into a Gen-1.5 site — the staged path that adds remote access and tooling to the original Genesis hardware.

  • May 4, 2026·2 min

    Gen-1 Node Provider onboarding Gen-2 node machines

    How an existing Gen-1 node provider can register and onboard Gen-2 node machines — the proposal flow, identity step, and topology limits that apply.

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