Question 1

What is Hashrate?

Accepted Answer

Hashrate is a category of financial products under XT Simple Earn. It involves a remote mining model where users purchase shares of cloud hashrate, namely lease the actual mining machine's hashrate, and receive corresponding mining rewards at scheduled intervals during the mining period. It should be noted that hashrate is different from other Earn products. The total amount paid to purchase the hashrate share is not the principal, but a non-refundable mining cost.

Question 2

Hashrate Product Rules

Accepted Answer

Hashrate products can be subscribed to during the subscription period, and some products also support subscription at any time during mining. The subscription payment amount is the total cost to purchase hashrate (non-refundable). After the subscription is successful, interest accrual starts from the start of mining, and the interest will be distributed at the interest payment time agreed upon by the product. The interest mode is Distributed Daily, and the interest distributed is automatically credited to the user's Spot account. The duration of hashrate products may be fixed or perpetual. After mining begins, mining will continue until maturity or an early end. Shares will be automatically redeemed upon expiration (the hashrate will become invalid after share redemption), and there is no redemption amount.

Question 3

How is the daily profit calculated for Hashrate Mining?

Accepted Answer

The daily rewards from Hashrate Mining are not fixed. Estimated daily rewards are provided based on current hashrate and estimated mining difficulty. These are meant as reference values and not regard as a guarantee for actual rewards. Actual daily rewards are based on the daily settlement. User's Daily Profit = [Actual Daily Rewards Per Share * (1 - Management Fee Rate) - Daily Electricity Cost Per Share] * User's Holding Share Amount.

Question 4

How can I subscribe to Earn products?

Accepted Answer

To subscribe to Earn products, users need to ensure that their Spot account has sufficient balance in the corresponding coin. Then, on the product details page, users can enter the subscription amount and click Subscribe to complete the purchase. After successful subscription, the subscription amount will be deducted from the user's Spot account and converted into corresponding holding positions in the Earn account, while the fund records can be viewed in the Spot account.

Question 5

How are the Earn profits distributed?

Accepted Answer

The distribution time of profits varies for different Earn products. Some products distribute interest daily, while others distribute interest upon maturity. Please refer to the specific product details page. Once the profits are credited, users can view the credited amount and fund records in their Spot account. If you do not receive your Earn profits in a timely manner, please contact customer service for assistance.

Question 6

How can I redeem Earn products?

Accepted Answer

The redemption rules vary for different Earn products. Some support manual early redemption, while others can only be automatically redeemed upon maturity. Please check the specific product rules. If the product supports early redemption, users can click Redeem under the product positions in the Earn account, enter the redemption amount, and submit it after confirmation. The redemption time varies for different Earn products. Once the redemption is credited, users can view the credited amount and fund records in their Spot account.

Question 7

How can I view Earn product positions, Earn orders and fund records?

Accepted Answer

Users can view all currently held positions of Earn products in the Earn account. By clicking Earn Orders on the Earn account page, users can view historical orders related to product subscriptions, interest distributions, redemptions, etc. Fund records can be viewed in the Spot account with type of Earn selected, users can see all records related to Earn, including subscriptions, interest distributions, and redemptions, etc.

Hashrate

Hashrate Mining

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