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 · Topic17 entries

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  • 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, 2026·2 min

    Reward Configuration Guide

    How a node provider submits the reward configuration proposal that registers their nodes with the Network Nervous System and starts the reward stream.

  • May 4, 2026·4 min

    Node Provider Roadmap

    The end-to-end path to becoming a node provider on the Internet Computer, organized as six milestones from education through ongoing node management.

  • May 4, 2026·4 min

    Node Provider FAQ

    Common questions about running node machines on the Internet Computer — hardware compliance, RAID, HSMs, encryption, and the limits of provider access to canister state.

  • May 4, 2026·6 min

    Node Provider Documentation

    How independent operators run the hardware that hosts the Internet Computer — the role, the current onboarding status, the lifecycle from proposal to operation, and the rewards.

  • May 4, 2026·4 min

    Node Provider Networking Guide

    Networking requirements for connecting node machines to the Internet Computer — bandwidth, IPv4/IPv6, switch layout, BMC isolation, and monitoring.

  • 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, 2026·2 min

    Node Provider Domain Name Guide

    How to assign domain names and DNS records to IPv4-enabled node machines, with a walk-through of a typical Cloudflare configuration.

  • May 4, 2026·11 min

    Node Deployment Guide (Gen-2)

    Step-by-step runbook for installing IC-OS on Gen-2 node hardware using a node-operator private key — the current non-HSM deployment path.

  • May 4, 2026·2 min

    Node Provider Alerting Options

    Available monitoring and alerting tools that node providers can use to watch their node machines and data centers.

  • 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.

  • May 4, 2026·3 min

    Decentralization and Security Guide

    Operational practices that node providers should follow to defend the Internet Computer's decentralization — independence, supply-chain hygiene, physical security, and key handling.

  • May 4, 2026·3 min

    Data Center and ISP Guide

    How node providers should approach selecting a data center and an ISP — distributing across countries, gathering quotes, and finalizing a colocation contract.

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