💸HYPER Virtual Mining
In HYPER, you create your own coins with your own private keys through your own effort via virtually mining it into existence. HYPER is built with self-custody, censorship resistance & pure DeFi DNA at its core.
We believe in humans' freedom to transact and do with their finances what they want.
When you go to the Mine page, you can specify the # of days you want to mine for & the # of power you want your miner to have.
The number of days you pick (from 1 day up to 88 days) & power you choose, determine the amount of HYPER you get at the end of your miner.
The mining formula looks like this:
where:
numOfDays = number of days chosen when starting mine (1 day up to 88 days max)
currentHyperMinable = the amount of hyper per day you can get, this goes down every day
mining Power = the power you specified during your miner creation
The mining cost formula looks like this:
where:
currentMinerCost = the cost per 10000 power (max power) miner, this goes up every day
miningPower = the power you specified during your miner creation
Miners can be created in 2 ways (all do the same thing, just differently & easier for the user)
Single Miners
This will create a normal single miner.
Mining Ladder
This will create a mining ladder for you using the contract's single miner function at the interval rate you specified and at the power you specify. More details on the Virtual Mining page.
Mining Bonuses
🚀 Early Adoption Amplifier This bonus starts at 10% and works its way down to 0% in 350 days this reduces at a rate of 10%/350 per day.
🔥 Burn Bonus Multiplier (from TITANX core) You can get up to +8% extra on your new Miner if you've burned up to 80B TITANX. Important — This Burn Bonus Multiplier is DIRECTLY queried from TITANX core, so by burning TITANX for BuildOnTitanX protocols, you automatically get your burn bonus amplifier applied to your HYPER miners as well.
🤝 hRank Bonuses
hRank Bonus formula looks like this:
where:
currentMiningPowerIncreaseBonus = the current hRank Bonus, this goes down every day for new miners, once you start a miner, your hRank bonus gets locked in for the duration of that miner
miningPower = the power you specified during your miner creation
globalMiningPower = the global miner power when you claim your miner
minerStartGlobalMiningPower = the global miner power locked in when you start your miner
This hRank Bonus starts at 2 HYPER extra per 1 mining power that starts after you. it's 2 HYPER extra per 1 power after you, this is based on the miningPower instead of hRanks to prevent whale abuse of the bonuses. In essence, this means that you get rewarded for helping bring adoption to the ecosystem and helping it grow.
Also, hRank bonuses are capped at 8% of Est. HYPER within a miner, so if your miner has 100B HYPER in it, the max hRank bonus you can get on that miner is 8B.
Mining Power Explained
Mining power determines how much HYPER you get per day in your miner + also determines how much ETH your miner costs.
if you have 10000 mining power, you get the 10x the currentHyperMinable per day.
If you have 1 mining power on your miner, you get 1% of the full currentHyperMinable per day.
10000 power is referred to as a "max" miner.
All of these are cleanly displayed on the app.hyper.win dApp, you don't need to do these calculations yourself.
Mining power also determines how much your miner costs in ETH as referenced above
So if you have 1 miner power, it's 1% of the miner cost.
Note - the eventual "Cost per HYPER token" you get at the end of your miner moves linearly, meaning that a 10000 power miner and a 1 power miner have the exact same cost per HYPER, the 1 miner just gets a lot less HYPER at the end of the miner, but the cost decrease is the same - so if possible, just do a max miner, it's easier to manage & saves gas — there's no benefit to doing smaller power miners at all unless you don't have enough ETH for a max one or multiple max ones or have some ETH change you want to put to work.
Penalties
At whatever end date you specified when creating your miners, you can claim.
After that day, you have a 7-day grace period in which you can claim your miners and not receive any penalties.
After that 7-day grace period, you enter penalty zone, which looks like this:
if 1 day late ~> lose 1% of your claimable HYPER if 2 days late ~> lose 3% if 3 days late ~> lose 8% if 4 days late ~> lose 17% if 5 days late ~> lose 35% if 6 days late ~> lose 72% if 7 days late ~> lose 99%
Limits
Due to blockchain data reading limits, each wallet can have at maximum 1000 miners & 1000 stakes.
If you want to create more miners, you can do so on a second or third wallet.
Also a good reason to do max miners if possible, easier to manage & keep track of + saves gas. No extra benefit in doing small ones unless needed.
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