Announcement on LBank’s additional sale of Chia Network Hashrate (360-day product)

2 min readApr 29, 2021

Dear LBank users:

LBank will launch the sale of Chia Network hashrate at 12:00(UTC+8)on May 1, 2021, and will end at 20:00(UTC+8)on May 1, 2021. The rules are as follows:

Total amount: 20,000 T

Supported currency: USDT

Hashrate cost: 52 USDT/ T

Minimum purchase amount: 520 USDT

Maximum subscription amount: unlimited

Subscription Mode: weighted average allocation

Participation conditions: open to all users

Settlement currency: XCH

Settlement cycle: T+1, rewards distribution will last 360 days

Operation service fee: 20% of token reward

P-disk cycle: 30 days (linear growth)

Estimated mining time: within 30 days after the sale is closed

Product ownership: Ownership of the equipment belongs to the purchaser

Tip: The return is only a theoretical value, and the amplitude of price fluctuations and increase in hashrate cannot be predicted.

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.

Click here to download for iOS or Android

LBank community

Weibo： https://www.weibo.com/LBank01

Telegram： https://t.me/LBank_cn

Twitter: https://twitter.com/LBank_Exchange

Facebook: https://www.facebook.com/LBank.info