Spacemesh (SMH) is a decentralized consensus protocol based on blockchain technology that replaces Proof of Work (PoW) with Proof of Space and Time (PoST) and replaces chains with a highly incentive-compatible grid. The protocol allows for a high degree of distribution, allowing frequent rewards for independent miners, while having high throughput, increasing transaction processing speed by publishing multiple blocks in parallel, thus building a scalable, secure and fair blockchain network to provide users with efficient, decentralized trading and application platform.
Price/Share ()
My Holding
NaN
My Rewards
0
Epoch
Current Epoch
PiB
Network Hashrate
0
Avg. Daily Rewards/T
%
Management Fee
NaN USDT
Daily Electricity Fee/T
0 Days
Payback Cycle
Current Time
Epoch 1 Subscription Starts
Epoch 0 Starts
2023-07-14 08:00
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2023-07-25 08:00
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2023-08-08 08:00
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2023-12-26 08:00
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2024-01-09 08:00
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2025-01-07 08:00
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2025-06-24 08:00
Mining Machine Reference Configuration:
· 2U 8-disk Server
· 460W*2 Dual Power Supply
· Huawei 1288V3 Motherboard
· E52680V4*2
· 16G ECC DDR4 Memory*4
· 1TB Longsys SSD*1
· 2308 SAS Card*1
· 6/8T SAS 3.5-inch HDD*8
Project Name
Spacemesh (SMH) Hashrate Mining
Token Amount
2,400,000,000 SMH
Consensus Mechanism
Proof of Space-Time(PoST)
Mainnet Online Time
2023-07-14
Token Distribution
1) 93.75% (2.25 billion) are gradually generated as block rewards, and block rewards are distributed in each block according to the reward distribution plan;
2) 6.25% (150 million) are reserved as team rewards, will be gradually released based on the unlocking plan, starting one year after creation and completing the unlocking within three years.
Project Financing
Spacemesh has completed over 2 rounds of funding, raising a total of $22.5 million from leading cryptocurrency investors, including Metastable, Coinbase, Dekrypt, Slow Ventures, Polychain, Paradigm, Dragonfly, Electric Capital, Greenfield, Arrington XRP Capital , BRM Capital, gumi Cryptos Capital (gcc) and 1KX and other institutions. The current project valuation is US$360 million.
Mining Cycle
SMH mining does not receive rewards immediately. Mining takes the Epoch as a cycle, and an Epoch cycle is 14 days. The rewards of the current Epoch will be distributed in the next Epoch. Epoch 0 starts at 2023-07-14 8:00 (UTC).
Mining Rules
To mine SMH by yourself, you need to purchase a mining machine first, complete the initial configuration such as Proof of Capacity (POC) and pass the verification. At the same time, mining costs such as electricity bills and mining machine maintenance fees will be incurred during mining.
If you participate in our SMH Hashrate Mining project, users only need to purchase shares (hashrate), and we will complete the configuration of the mining machine and bear the mining cost on behalf of the user, and the daily rewards generated after management fees (maintenance fees, etc.) and electricity fees being deducted will be completely paid to the user. Users can purchase shares (hashrate) at any time. Subscriptions for the next Epoch will be ended in advance 3 days before the end of each Epoch, and subscriptions for the Epoch after next will be opened at the same time (we need time to help users prepare mining machine and configurations). Starting from the user's subscription Epoch, the rewards from each subsequent Epoch will be distributed on the corresponding day of the next Epoch.
Reward Rules
Users purchase hashrate during the subscription period of Epoch N (3 days before the start of Epoch N-1 to 3 days before the end of Epoch N-1)
> Reward Accrual Time: the start date of Epoch N
> Reward Distribution Time: the next day after the start date of Epoch N+1
> Reward Mode: Distributed Daily, the mining rewards of the corresponding day of the previous Epoch is distributed, and the cycle repeats
Risk Warning: If the mining coin price drops significantly, resulting in insufficient daily mining reward to pay management and electricity fees, the net reward will be 0
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