Intrinsic gas refers to the fundamental unit of measurement used to gauge the amount of computational work required to execute operations on a blockchain, particularly in platforms like Ethereum. It essentially represents the cost of performing transactions, smart contract executions, or data storage.Every action, whether sending tokens or creating complex smart contracts, consumes a specific amount of intrinsic gas. Users must pay for this gas in the native cryptocurrency of the network, such as Ether for Ethereum. The gas price can fluctuate based on network congestion, with higher demand leading to increased costs.By setting limits on the amount of intrinsic gas one is willing to use, users can avoid unintentional overspending on transactions. This mechanism also helps to allocate resources on the network effectively, ensuring that miners prioritize tasks that offer higher rewards. Thus, intrinsic gas serves as both a utility and an incentive in maintaining the efficiency and security of blockchain operations.

BitMine Reports $13.4 Billion in Crypto and Cash Holdings
BitMine Immersion Technologies on Monday reported total holdings of $13.4 billion in cryptocurrency, cash, and equity stakes, reinforcing its position