HYDRA Mining
In Hydra, you create your own coins with your own private keys through your own effort via virtually mining it into existence. Hydra is built with self-custody, censorship resistance & pure DeFi DNA at its core.
We believe in humans' freedom to transact and do with their finances what they want.
When you go to the Mine page, you can specify the # of days you want to mine for & the # of power you want your miner to have.
The number of days you pick (from 1 day up to 88 days) & power you choose, determine the amount of Hydra you get at the end of your miner.
The mining formula looks like this:
where:
numOfDays = number of days chosen when starting mine (1 day up to 88 days max)
currentHydraMinable = the amount of hydra per day you can get, this goes down every day
mining Power = the power you specified during your miner creation
The mining cost formula looks like this:
where:
currentMinerCost = the cost per 10000 power (max power) miner, this goes up every day
miningPower = the power you specified during your miner creation
Miners can be created in 2 ways (all do the same thing, just differently & easier for the user)
Single Miners
This will create a normal single miner.
Mining Ladder
This will create a mining ladder for you using the contract's single miner function at the interval rate you specified and at the power you specify. More details on the Virtual Mining page.
Mining Power Explained
Mining power determines how much HYDRA you get per day in your miner + also determines how much TITANX your miner costs.
if you have 10000 mining power, you get the 10x the currentHydraMinable per day.
If you have 1 mining power on your miner, you get 1% of the full currentHydraMinable per day.
10000 power is referred to as a "max" miner.
All of these are cleanly displayed on the app.hydra.win dApp, you don't need to do these calculations yourself.
Mining power also determines how much your miner costs in TITANX as referenced above
So if you have 1 miner power, it's 1% of the miner cost.
Note - the eventual "Cost per HYDRA token" you get at the end of your miner moves linearly, meaning that a 10000 power miner and a 1 power miner have the exact same cost per HYDRA, the 1 miner just gets a lot less HYDRA at the end of the miner, but the cost decrease is the same - so if possible, just do a max miner, it's easier to manage & saves gas — there's no benefit to doing smaller power miners at all unless you don't have enough TITANX for a max one or multiple max ones or have some TITANX change you want to put to work.
Penalties
At whatever end date you specified when creating your miners, you can claim.
After that day, you have a 7-day grace period in which you can claim your miners and not receive any penalties.
After that 7-day grace period, you enter penalty zone, which looks like this:
if 1 day late ~> lose 1% of your claimable HYDRA if 2 days late ~> lose 3% if 3 days late ~> lose 8% if 4 days late ~> lose 17% if 5 days late ~> lose 35% if 6 days late ~> lose 72% if 7 days late ~> lose 99%
Limits
Due to blockchain data reading limits, each wallet can have at maximum 1000 miners.
If you want to create more miners, you can do so on a second or third wallet.
Also a good reason to do max miners if possible, easier to manage & keep track of + saves gas. No extra benefit in doing small ones unless needed.
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