STP 11: Hashrate Assurance Lock

  • Maintain a reserve pool of hashrate that exceeds 150 PH/s of Bitcoin mining power in size, making the hashrate reserve ratio of BTCST greater than 100% (meaning we reserve 1 PH/s of Bitcoin hashrate for each 1 PH/s of hashrate in production);
  • In the unlikely event that a percentage of BTCST’s production hashrate becomes unstable or inefficient in terms of power usage, we will replenish the production pool with hashrate from the reserve pool to completely remove any impact the instability may cause to BTCST;
  • Until all unstable hashrate has passed BTCST’s audit to convincingly demonstrate to the Standard Hashrate Group that the hashrate has become stable again with equal or better power usage efficiency and is immune from similar causes of instability or inefficiency in the future, an amount of BTCST representing the amount of impacted hashrate will be removed from circulation (through means including open-market repurchases) and locked.

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BTCST

BTCST

Bitcoin Standard Hashrate Token (BTCST) brings exchange-grade liquidity to Bitcoin mining. Each BTCST is collateralized by real Bitcoin mining power.