Announcement of Mars Migration Phase VI Online Rate Update

2 min readNov 10, 2021

November 10, 2021

ETH mining rigs owned by Mars Project have all been delivered to the sites. The deployment of all functional ETH mining rigs is scheduled to be complete as of today. As always, the corresponding mining outputs of ETH will be paid out alongside the update of online rate, taking effect from 23:59:59, November 10, 2021, Singapore time (GMT+8).

About Depreciation Rate

Depreciation rate is an indicator of the degree of performance decline associated with the hashrate certificate underpinned mining rigs. Mars project bought brand new rigs for hashrate certificates and has been maintained 0% depreciation rate since launch notwithstanding that basically all mining rigs have varying degrees of depreciation. Although the team has done extensive precautions and repairing work, the logistics processes associated with migration still had contributed to the depreciation of mining rigs dramatically.

Depreciation Rate of pETH18C

Depreciation rate of pETH18C will be updated to 9.65% the same time as the update of online rate. Note that this percentage consists of nothing else but the depreciation of ETH mining rigs, meaning that the team has funded the migration at its own expense and will strive to minimize the depreciation rate constantly.

Last, the migration of BTC mining rigs is progressing steadily, and the online rate of pBTC35A will be updated as soon as possible.

Mars Team

November 10, 2021

Mars Project, the Standardized & Decentralized Hashrate Protocol

Website: https://mars.poolin.fi/#/

Learn More: https://mars.poolin.fi/#/about

Mars Project Token Address:

MARS (Governance Token)

https://etherscan.io/token/0x66C0DDEd8433c9EA86C8cf91237B14e10b4d70B7

pBTC35A (BTC Hashrate Certificate)

https://etherscan.io/token/0xA8b12Cc90AbF65191532a12bb5394A714A46d358

pETH18C (ETH Hashrate Certificate)