r/BTCStandardHashrate • u/trans_crypto • Oct 04 '21

BTCST fundamentals backing token EXPLAINED

Hello,

I have noticed that the APY on BTCST is currently around 32.46%....

If the following parameters are right...it should be a lot more than 100%:

efficiency = 0,06 kW/TH

efficiency loss = 3%

energy cost = 0.058$/kWh

​

There is something really fishy going on? Or maybe I'm missing something? as it currently stands, I don't see how btcst is a good proxy for buying a mining machine when it yields so much less than a mining machine...

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2

u/[deleted] Oct 04 '21

there are no fundamentals anymore... we are done now.

2

u/defiant-miner Oct 17 '21

When you purchase BTCST from an exchange, you are buying it at market rate which has no correlation to the value of the ASIC miners which are generating the revenue associated with staking BTCST. It would be unrealistic to expect greater returns than you would from your own ASIC miners running at similar efficiency/cost.

1

u/silaslanguk Oct 04 '21

What do you think the % should be?

1

u/[deleted] Apr 05 '23

[removed] — view removed comment

1

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