Is There Any Profit in Lock-up Mining? What is The Revenue From Lock-up Mining?
By Alice 17 Nov 2022

Is there any profit in lock-up mining?


 

Since lock-up mining is a normal mining method, it is naturally profitable. Huobi network proposed the lock warehouse mining, unexpectedly released so soon. In general, there are two kinds of benefits to the HT lock-in, one is the HPT airdrop. The other benefit is that users with a thousand HPT can get EOS, CMT, and other business revenue airdrops. If the user wants to obtain the revenue of lock warehouse mining, it can choose the lock warehouse mining of Huobi network. If the user is not interested in lock-in mining, there is also the option of trading mining. Mining bitcoin can pay off in both ways, but in different ways. As to which way is more suitable for them, it is up to the customer to feel and try.

 

 

 


What is the revenue from lock-up mining?


 

Huobi global station cooperated with Huobi mining pool since the release of the HT lock bunker mining effect. HPT and DPOS airdrops are available to lock-in HT holders on a daily basis. The actual number of airdrops will vary daily according to lock-in type, lock-in quantity and calculation power of Huobi mine pool.

 

For many HT holders, the purpose of participating in Huobi official HT lock-in mining is to increase revenue. Staking is an staking staking staking staking the way in which HT holders are staking. In addition to staking, they are staking.

 

 

 

1. Huobi's internal HT lock-up proceeds will be airdropped to all participating HT holders

 

It has been confirmed in the Huobi announcement that the airdrop of Huobi Group owned HT participating in the mining will be fully accounted for in the total daily HPT airdrop to encourage and distribute to the HT Lock Mining holders.

 

Huobi Group may be a large holder of HT due to the existence of HT deduction fee, which means that Huobi Group's HT lock-in income will also increase. Now, Huobi expresses that it does not take the revenue, but redistributes the revenue to all the HT holders who participate in the mining, believing that every HT holder can get a good unplanned revenue.

 

 

 

2. Convenient storage does not affect participation in other Prime, FastTrack and step rates.

 

At present, Huobi Prime, Huobi FastTrack and HT deduction service fee have almost become monthly "explicit benefits" for HT holders whose daily holdings are no less than 1000HT. Participation in HT lock-in mining naturally does not affect the access to these benefits.

 

For this "hard demand", Huobi naturally also thought of. It has been determined in the details that part of the HT holder's lock-in is included in the holding snapshot of Prime, FastTrack and step rate HT, that is, the threshold specification that will not affect the HT holder's participation in several types of activities; However, it should be noted that the lock-in part is not compatible with direct voting, placing orders, automatically deducting the intermediate part and deducting the service fee part of the HT. The HT holder should leave plenty of capacity HT outside the lock-in part.

 

 

 

3. Long-term lock-in of a large number of HT will accelerate circulation deflation

 

Since the beginning of this year, HT holders who have participated in Huobi's various activities have had a remarkable experience. The benefits of participating in these activities have come from both the activities themselves and HT holdings. On the one hand, the application field of HT is constantly expanding; on the other hand, the deflation process of HT is accelerating due to the increase of Huobi buyback and destruction.

 

Similarly, the HT holder participating in the HT lock-in mining will also receive an estimated return on both sides. In addition to HPT benefits, when a large number of HT holders participate in long-term lock-in mining, it will inevitably directly promote the sharp reduction of the quantity of HT market circulation, which will accelerate the deflation of the circulation market in a covert way. Coupled with Huobi Group's original HT buyback and destruction support, the deflation estimate will be further strengthened and the valuation of HT will rise.

 

 

 

4. The longer HT is locked up, the more annualized returns will be

 

To calculate the direct benefits of HT bunker mining, it is necessary to grasp the general direction and pay attention to details. One detail that should not be ignored is that with the same amount of HT lock-up, the longer the lock-up time, the more direct revenue will be obtained.

 

Take the revenue data at 10 a.m. on July 25 as an example. If the storage volume is 1000HT and the form of easy storage is selected, 33HPT can be dug out every day; However, if you lock up 1000HT for 90 days, you can dig out 100HPT every day. Since there will be a 200% increase in earnings from 90 days of locking up, you must make full use of this.

 

At present, the price of HPT is about 0.09RMB. Based on this calculation, if 1000HT is locked up for 90 days, the daily direct mining income will be about 9rmb. In addition, Huobi HT shareholding income will be airdropped.

 

If we calculate it like this, it will be 30,000 yuan in 90 days and the return will be 1,000 yuan, which is much higher than the similar Yu 'ebao. However, such a return cannot be compared with a little empty coin and quantitative speculation.


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