1 GHX = 10 GH/s SHA-256 Mining Power
GHcoins (GHX) are GetHashing’s unique smart asset mining shares stored and transferred on the Bitcoin blockchain, backed by real SHA-256 hashpower (proof-of-mining). GHX are freely tangible and can be stored in any color aware wallet.
50,000 GHX are currently in circulation backed by 500 TH/s of SHA-256 mining hardware. Each GHcoin represents 10 shares in the GetHashing mining operation (10 GH/s) with a divisibility of 1 decimal (0.1 GHcoin = 1 GH/s).
The GHX smart asset is stored on the Bitcoin blockchain and GHX are therefore the first freely tangible and transferable mining shares (on and off the GHcloud platform). GHX owners are eligible to receive daily dividend payments of the GHmining operation based on the amount of GHX owned. GHX can be stored in any local or online wallet that supports the open assets protocol such as the GHcloud, CoinPrism, Armory or Trezor wallets.
GHX Asset Specification
- Total GHX to be issued: 50,000 coins (500 TH/s).
- Maintenance fee: $0.0013 per GH/s per day.
- Dividends are paid daily in accordance with the GH payout schedule.
Secured against Operator Failure
GHcoins are backed by real hardware and hashing power. In the event that the farm is no longer profitable, GetHashing reserves the right to replace older hardware with new hardware at our sole discretion. When replacing hardware GHcoin owners may request to have their hashpower released to them by redeeming GHX shares for hardware at an additional shipping and handling fee. The total amount of GHX in circulation must however always match the currently overall hashpower of the farm. GHcoins received from redeemed hardware are destroyed. New GHcoins are issued when new hardware or a new batch comes online.
For more information please review the GetHashing terms of service.