đMine Lock
When mining, your tokens (T) will be locked for 10 days (except for the standard BITGOLD staking mine with zero lock time), as this is a critical aspect of our sustainability protocol. The lock counter will not be reset when adding tokens at a later time. Instead, we utilize an average-based locking window. Read below how this works (Don't worry about the math, we've got you covered and will explain it in the simplest way possible.)
Average-based Locking Window
The math is easy when you stake tokens for the first time. Your lock time is:
When staking at a later time, we take into account the remaining lock period (let's call it rem_lock) of your staked tokens (let's call it staked) and the ratio between your staked tokens and the tokens you wish to add to the mine (let's call it new_stake). The new lock (let's call it new_lock) is calculated as:
Example 1:
staked: 250 T
new_stake: 250 T
rem_lock: 3 days
new_lock : ?
The new lock new_lock is calculated as
Example 2:
staked: 250 T
rem_lock: 3 days
new_stake: 100 T
new_lock : ?
The new lock new_lock is calculated as
Had enough of the math? Gotcha, jump right into the mine on the mining app.
Last updated
Was this helpful?