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