• 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

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