The $Mark Miner is a crucial component of the MoneyArk multi-flywheel ecosystem. It offers the MoneyArk crew a novel way to engage with the system. Additionally, it fuels MoneyArk's journey towards LSD. By creating a $Mark Miner with ETH/WETH, users can earn numerous rewards in $Mark. Furthermore, by staking psMark, users can boost their $Mark rewards by up to 300%.
Miner Creation
- To create a $Mark Miner, ETH/WETH is used to purchase mining power at the rate of 1 mining power unit per 0.1 ETH (Maximum 5 ETH per miner).
- Multiple units of power can be bought per miner.
- Multiple miners can be owned by a single address.
- There will be a “Lock Period” that will need to be chosen during the miner creation. These periods are 5, 10, 20, 30 and 60 days. Each period carries a “Booster”, with larger boosters for longer Lock Periods.
| Lock Period |
5 Days |
10 Days |
20 Days |
30 Days |
60 Days |
| Mining Power Booster |
1 |
1.2 |
1.5 |
1.9 |
2.5 |
$psMark Booster
- Post-creation, the user can earn a “$psMark Booster” by staking $psMark to the miner.
- $psMark stake boosters are applied when staking 10,000 to 400,000 $psMark tokens (Linearly increases from 0.05 to 3).
- $psMark stake can be withdrawn at any time.
- Total Booster is equal to the Lock Period Booster plus the $psMark Booster. (If a user chooses 60 days lock period and deposits 400,000 psMark, the Total Booster equals 5.5.)
Miner Operation and Shutdown
- Post-Lock Period, miners can continue operations indefinitely, accumulating rewards per block based on their boosted share (if applicable).
- Miners can be stopped at any time Post-Lock Period.
- Upon stopping, reward accumulation ceases and enters a vesting phase.