Announcement that LBank launches【Addition Sale 150P】 Chia Network Hashrate (360-day product)

2 min readApr 15, 2021

Dear LBank users:

Due to the high popularity of the Chia hashrate community, the platform has decided to add the sale of Chia Network hashrate at 12:00 (UTC+8) on April 16, 2021, and will end at 20:00 (UTC+8) on April 16, 2021. The rules are as follows:

Total amount: 150 P

Supported currency: USDT

Minimum purchase amount: 420 USDT

Maximum subscription amount: unlimited

Subscription Mode: weighted average allocation

Hashrate cost: 1 P= 42,000 USDT, no electricity fee

Settlement currency: XCH

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

Operation service fee: 20% of token reward

Rewards: It is estimated that 1,400 XCHs will be produced per month (calculated based on the total network hashrate of 200P)

P-disk cycle: 70 days (linear growth)

Estimated time to start mining: at the end of April

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