LUT Mining
Wager Mining: Users earn LUT through betting on sports or playing games on BitGame.
Mining Stage: 700 million LUT will be used for mining across 100 stages. The network automatically changes to the following stage each time 7 million LUT are mined.
Mining Efficiency:
Mining efficiency changes based on three factors:
1. Mining Stage n (As the mining stage grows, the mining coefficient gradually decreases)
2. K = Current network hashrate
3. Z = Network difficulty coefficient
Mining Efficiency = z*k/100-n+1
Mining Efficiency
Each stage processes 7 million tokens. Ex: In Stage 1, users will earn 1 LUT for every 0.385 USDT equivalent bet on sports, 11 LUT for every 0.615 USDT bet on self-developed games, and 1 LUT for every 0.676 USDT bet on other games.
Stage | Amount | Sport Efficiency | Self-developed Game Efficiency | External Game Efficiency |
1 | 7000000 | 0.3850 | 0.615 | 0.676 |
2 | 7000000 | 0.3908 | 0.6242 | 0.6861 |
3 | 7000000 | 0.3966 | 0.6336 | 0.6964 |
4 | 7000000 | 0.4026 | 0.6431 | 0.7069 |
.... | .... | .... | .... | .... |
.... | .... | .... | .... | .... |
.... | .... | .... | .... | .... |
.... | .... | .... | .... | .... |
LUT count from User's Mining Yield = Mining Efficiency*Bet amount
As the platform grows, the network hashrate K and difficulty coefficient Z will also gradually grow larger. The sooner a user takes part in mining, the sooner they can enjoy the benefits.
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