Dear LBank users:
LBank will launch the sale of Chia Network hashrate at 12:00 (UTC+8) on April 14, 2021, and will end at 20:00 (UTC+8) on April 14, 2021. The rules are as follows:
Total amount: 1,000,000 USDT
Supported currency: USDT
Minimum purchase amount: 400 USDT
Maximum subscription amount: unlimited
Subscription Mode: weighted average allocation
Participation conditions:
- KYC verification
- Average LBK holdings from April 5 to April 9 ≥5,000
Hashrate cost: 1 P= 40,000 USDT, no electricity fee
Settlement currency: XCH
Settlement cycle: T+1, rewards distribution will last 360 days
Operation service fee: 20% of token reward
Rewards: It is estimated that 1,400 XCHs will be produced per month (calculated based on the total network hashrate of 200P)
P-disk cycle: 70 days (linear growth)
Estimated time to start mining: at the end of April
|
Network hashrate(expected)
|
Percentage of hashrate per P
|
Cost per P
|
Monthly output
|
Estimated initial price
|
Payback cycle
|
|
100 P
|
1%
|
40,000 USDT
|
About 2800 pieces
|
5 USDT
|
2.86 months
|
|
150 P
|
0.66%
|
40,000 USDT
|
About 1900 pieces
|
10 USDT
|
2.1 months
|
|
200 P
|
0.5%
|
40,000 USDT
|
About 1900 pieces
|
20 USDT
|
1.43 months
|
Tip: The return is only a theoretical value, and the amplitude of price fluctuations and increase in hashrate cannot be predicted.
Note: The unsold quota for the LBK special session will be used for the USDT special session, and the details are subject to official announcement .
About Chia
Chia Network develops a blockchain and smart transaction platform created by the inventor of BitTorrent, Bram Cohen. It implements the first new Nakamoto consensus algorithm since Bitcoin in 2008. Proofs of Space and Time replace energy intensive “proofs of work.”
Chia website：www.chia.net
Chia whitepaper：https://www.chia.net/2021/02/10/chia-businesss-whitepaper.html
Chia Github：https://github.com/Chia-Network/chia-blockchain/wiki
Chia official Keybase：https://keybase.io/team/chia_network.public
※ Cautions:
As the hashrate sales service platform, LBank only provides hashrate sales and hashrate output revenue distribution services.
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