Q1：Why did you choose the mining business in the crypto ecosystem where you have to build your own farm? Physical mining typically takes a return period of one year.
A: In fact, Bitcoin mining is a hedged Bitcoin investment. When Bitcoin goes through price pull-back, each miner mines more Bitcoins. At the same time, the life cycle of the mining machine lasts about 2–3 years. Depending on the specifications of the mining machine, there are different shut-down prices. That is, the profit of the mining machine can no longer cover the electricity bill. In our mining machine transaction, if the machine reaches the shut-down price, typically the machine will be disassembled and recycled, or it will be restarted after Bitcoin reaches the turn-on price.
Q2: Are there solo miners in the market today anymore? What technical support do you need to be a miner today?
A: In the current state of the mining market, large mining companies occupy most of the resources on the market, rendering solo mining inefficient. For example, the price of household electricity is higher than that of professional mining farms’. The noise generated by the mining machines is also loud, and the maintenance of a mining machine also requires a certain degree of professional technical support. If the machine fails, it needs professional repair, which is relatively difficult for ordinary people to contact. In order to provide a one-stop solution to all these problems, cloud mining and cloud mining machines occurred, paving the way for retail investors to enter the mining industry with high efficiency.
Q3: Which is more suitable for investors, hashrate token or cloud mining?
A: I don’t know if you have paid attention to hashrate tokens recently. The essence of Hashrate token is to tokenize mining machines and hashrate, providing a flexible investment method with rapid liquidity. At present, all major public chains have issued hashrate tokens, such as Binance’s BTCST, Huobi’s DHM, and Ethereum’s MINING. The hasrate tokens are continuously ushering into the market.
Q4: Can you briefly talk about the commonalities and differences of these hashrate tokens?
A: DHM is a hashrate token project pegged to a perpetual Bitcoin hashrate, with a total supply of 1 million tokens. Each DHM is anchored to 0.1 TH/S. Users can mine BTC by staking DHM. 10 PH/S hashrate is tokenized and issued every round. The mining revenue is distributed to DHM stakers according to the DHM lock-up/total supply ratio. When the ratio reaches 50%, the next tranche of 10 PH/S income distribution will be triggered.
Q5: What is the difference between DHM and other hashrate tokens on the market?
A: The physical mining machine specification backing up DHM is 48W, which is very cost-effective, and will continuously provide the power consumption ratio of the machine during the repurchase and destruction process, and upgrade and perpetuate the hashrate.
DHM stakers will always receive surplus rewards before the tokens are fully sold. Set the issuance of 5 PH hashrate as one stage, at the end of every stage, DHM stakers receive a surplus income made by an additional 0–5 PH hashrate; DHM stakers enjoy the mark-time mining rewards of the unstaked DHM. According to the calculation, the lowest return of DHM is still higher than the highest return of market hashrate.
The mining data is disclosed in real time by third-party monitor.
The above are the main differences between us and our competitors. Our design and belief in decentralization have attracted investors.
Q6: How to ensure that the hashrate token is backed by the physical mining machine?
A: DHM will disclose all the data that can be disclosed in all aspects of mining and make it public in advance. DHM and MinerBaba reached brand cooperation to introduce third-party monitoring software to help investors better obtain the real-time operating status of the mining machines represented by DHM.
Q7: How does DHM guarantee the hashrate to be perpetual?
A: DHM will continue to repurchase and destroy tokens based on the market price, and upgrade the machinery and equipment to ensure that the total hashrate remains unchanged, and to continuously increase the power consumption ratio of the machine, so as to achieve the effect of perpetual hashrate.
Q8: Are the mining machine operation and maintenance costs deducted from the mining rewards?
A: 10% of the bitcoins mined will be allocated to the cost of mining machine operation and maintenance, and 10% will be deducted in the first year, and the fee will increase at a rate of 10% every year for the next 4 years.
Q9: Which exchange is DHM listed on? How to increase the liquidity to ensure that the currency price will not drop sharply?
A: DHM is listed on Huobi’s decentralized exchange, MDEX. The flow of liquidity through the circulation of issued DHT governance tokens will provide DHM more support. The current price remains in a relatively stable range. In the last major adjustment (2.22.2021), DHM performed well, with little impact from the market.
Q10: Does DHM plan to mine other cryptos?
A: DHM currently mines Bitcoin, and will later extend to Ethereum mining according to the project’s plan. DHT owners can vote on what hashrate token mining pool to open next.
Q11: Does APY fluctuate based on the current Bitcoin price?
A: Yes. The price of Bitcoin fluctuates all the time, and the income generated is also fluctuating. The annualized rate of return displayed on MDEX is constantly changing with the currency price and adjusted at any time with reference to the current market price.
Q12: How would you describe DHT’s utilities?
1. Users vote with DHT to decide whether to tokenize more DHM. So far 35 PH/S has been released. 65 PH/S remains.
2. Users vote with DHT to decide whether to add hashrate mining pools for various cryptos. This provides the users with a diversified portfolio and makes the project stay relevant to the market.
3. Users vote with DHT to choose hashrate providers and the mining machines, which are critical factors supporting DHM perpetual hashrate mining. The mining machine quality affects mining return rates. Dhash leaves this decision to the users and lets the market decide.
4. Dhash’s DHT derivatives product is coming soon. This is a great outlet to bring liquidity to DHT holders. Users who mined for DHT from Pool B will soon be able to stake DHT and take out loans with discounted interest rates; DHT Derivatives possess a great market outlook. Opening staking and loaning on partner platforms will give DHT exposure in the Heco ecosystem and greatly prompt the demand for DHT.
Contact DHM
Telegram: t.me/dhashfinance
t.me/DHMcommunityChina
Twitter: https://twitter.com/DhashFinance
Website: dhash.finance
Customer Support Wechat Account: lina33077
