Traders profit from a long position in BTCHASH when difficulty goes lower than the difficulty level at entry, leading to a higher mining reward. Alternatively if it goes higher, traders who long BTCHASH would suffer from loss.

The contract is margined in BTC stable coins.

The PnL is settled with WBTC on Ethereum or BTCB on Binance Smart Chain.

Here is a brief summary table of contract PnL.

Long BTCHASH (Short Difficulty) | Short BTCHASH (Long Difficulty) | |

If Settle Difficulty > Entry Difficulty | Loss | Gain |

If Settle Difficulty < Entry Difficulty | Gain | Loss |

Settlement in | BTC stable coins | BTC stable coins |

Recommended for | Traders, Arbitrager | Miner, Trader, Arbitrager |