Fractional Mining Contract

loka platform fractionalize and tokenize bitcoin miners utility as from mining operator as “mining contract” nft by purchasing mining contract, users are buying utility of the high end asic machine by renting hardware and delegates the mining operation in the most easy and transparent way mining contract can be purchased with flexible price with minimum of $100 only, paid in stable coin mining c ontract elements there are 4 essential elements that determine the price and profitability of each mining contract hash rate contract is sold by hash rate price, in terahash (th/s) denominator — represents one trillion (10^12) hashes per second price per th/s can be different for each mining site or releases, depends on the models and version of the mining hardware being used in the particular batch or mining site) hardware efficiency hardware efficiency is the electricity consumption of each hardware on the particular batch divided by the hash rate, denominated in j/th (joule per tera hash) bitmain antminer s19 hashrate is 100 th/s with electricity consumption 3000w therefore, the he is 3000w / 100 th = 30 j/th energy cost any contract purchased will always include 1 month (30 days) of electricity bill to power the mining equipment, denominated in let (loka energy token) energy per kwh would be 3 let 30 days of electricity for this contract would be 3 let x 24 x 30 = 2160 let total price of this contract bought and minted as nft will always include 2160 let contract period 1 month contract 6 months contract 1 year contract 2 years contract energy cost mining operation requires electricity, and user will be able to pay electricity by purchasing loka energy token (let) and deposit in the “nft vault” the vault will burn let based on the energy used by mining contract each day to calculate total energy cost for each mining contract energy consumption = hashrate hardware efficiency total energy cost = energy consumption contract duration energy price