GHcoin is smart asset stored on the Bitcoin block-chain based on the open assets protocol also known as colored coins. The GHcoin asset is backed by real SHA-256 hash power (proof-of-hashing). Each coin represents 10 shares (10 GH/s) in the GetHashing mining operation with a divisibility of 1 decimal (0.1 GHcoin = 1 GH/s).
Since GHcoins are stored on the block-chain GHcoin owners can freely trade their coins with anyone (on and off the GetHashing platform) with the new owner instantly being eligible to receive dividend payments of the GHmining operation. GHcoins can be stored in any local or online wallet that supports the smart assets protocol / colored coins.
GHcoin owners are also eligible to receive additional dividend payments as outlined below.
Important: Never transfer GHcoins to a wallet which doesn’t support coloring. It would burn the GHcoin / smart asset tag.
- Issued Coins: 25,000 coins (250 TH/s)
- Price per coin: $4.20
- Maintenance fee: $0.0014 per GH/s per day.
GHcoin owners are eligible to receive dividends from:
- GHmining (Percentage of the farm payouts)
- GHminting (X% from coin staking rewards, TBA soon)
Dividends for shares in the GHmining operation are paid daily between 16:00-19:00 UTC. Dividends for GHstaking dividends and dividends are paid weekly on Sunday. All transactions are reflected on the balance page of GH platform.
Batch 1 Crowd Sale
Do not send your BTC from a wallet that is not "color aware"!
Batch one will be sold via Coinprism.com. In order to purchase shares in the GHmining operation please sign-up and fund your account at Coinprism.com. Once you've funded your account with BTC simply send the amount in BTC for the number of coins you would like to buy to the crowd sale address:
Batch one is sold!
The system will automatically issue your GHcoins in batches based on the amount you've sent. Once you've received your shares you're ready to reap in the rewards.
Secured against Operator Failure
GHcoins are backed by real hardware and hashing power. In the event of the farm having to suspend the mining operation permanently GHcoin owners may request to have the hardware shipped at their own expense.*
* Power must equate to a full unit. Example: Batch 1 units are Bitmain S5 - 1155gh/s, user would require 115.5 coins to exchange for hardware. GH secured hosting and maintenance for 90 days in advance. Thus, units can't be sent during the first 90 days.
The GHcoin definition and a last of all GHcoin owners can be viewed here and they payout address to distribute the payouts can be seen here.
How to store GHcoins in a cold storage address.
GHcoin owners can store their GHcoins in a cold storage address and also receive their dividend payments to the same address. Check out the How to bellow
BTC Mining address
GetHashing BTC Mining Address #1
...to be continued...
Coinprism blog article.