Mining

What is mining?

Mining is an important part of the internal cycle of the Recovery economy. When crowdfunding fails, mining will be started.

Assumption: If the user loses $10,000 in the crowdfunding protocol, he will get 10,000 hashrate, the initial hashrate daily decay index is 1%, and he will get 1% of the equivalent token income (assuming the REC price is 1USDT)

On the first day, you will get 100 tokens, worth 10000*1%=100USDT

On the second day, you will get tokens worth (10000-100)*1%=99USDT

On the third day, you will get tokens worth (9900-99)*1%=98.01USDT

Until all hashrate is deducted.

Halving mechanism

For the sake of sustainability and long-term planning, the hashrate mining will implement a halving mechanism. When the number of tokens in the mining pool is 50% of the last decay, the daily mining rate will be reduced by 50%.

Example

Assuming that there are 3 million tokens remaining in the mining pool, the mining output rate will attenuate to 0.5% per day

Assuming that there are 1.5 million tokens remaining in the mining pool, the mining output rate will attenuate to 0.25% per day

Assuming that there are 750,000 tokens remaining in the mining pool, the mining output rate will attenuate to 0.125% per day

Assuming that there are 375,000 tokens remaining in the mining pool, the mining output rate will attenuate to 0.0625% per day