What is the contract power center

1. Cloud computing power means that you rent a fixed computing power for a period of time, and at the same time you have the computing power income ring this period. If you dig bitcoin, then you are equivalent to buying a coin with a discount, but if the price of the coin falls sharply, you will not lose a lot
it is equivalent to selling the mining machine separately, but the ownership of the mining machine belongs to the company selling cloud computing power.

2. The reason for computing power contract is that bitcoin mining has become more and more professional, and mining has higher and higher requirements on site and technology. Personal mining has become no longer relaxed and pleasant
therefore, computing power trading platforms like 58hash emerge as the times require. Users only need to purchase computing power, trust computing power to the computing power trading platform, pay a certain maintenance fee, and the computing power hosting platform will uniformly maintain the mining machines, and issue the extracted bitcoin to users on time.

3. The computing power contracts of FTX exchange are futures contracts settled according to the average mining difficulty of bitcoin in a certain period of time. These futures contracts also roughly reflect the whole network computing power of BTC in that period. Of course, every calculation contract on FTX exchange also has a start date and a maturity date, which usually starts on the first day of each quarter and ends on the last day of each quarter.

4. In FTX's calculation contract, the absolute settlement price is mainly affected by four variables, namely, each block excavated by BTC in the quarter cycle, the difficulty of mining calculation of each block under the current conditions, the difficulty of calculation of all blocks in the average cycle, and finally divided by 1 trillion. For example, if the difficulty of BTC calculation in a certain month is 16 trillion, then the index on the FTX exchange in that month is 16.

5. 58coin provides income every day. Even if the principal is recovered, it will continue. Therefore, there is no "principal" theory. However, if you want to realize it, I suggest that you buy and sell your computing contract in the trading market.

6. I think their computing power contract is very cost-effective and worth buying.. Can my answer help you solve the problem? If you can, I hope you can adopt it