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What is the exact definition of the underlying for one BTCHASH futures contract?
What is the exact definition of the underlying for one BTCHASH futures contract?
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Written by SynFutures
Updated over a week ago

With 1 PH/s of hash rate, the mining reward is calculated as

The formula can be simplified to

as

Note that the Hash Rate Futures contract uses the exact formula to calculate the reward from Target.

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