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Compute Power Earnings

Roogoo avatar
Written by Roogoo
Updated over a month ago

What is Compute Power Earnings?

Compute Power Earnings generates high returns through cryptocurrency mining and AI compute rental.

Note: This product type offers fixed returns over a specified lock-up period. Principal and interest are paid out daily in equal installments.

Product Advantages

  • Fixed Long-term Tenure: The product lock-up periods are 365 days and 730 days, respectively.

  • High Fixed Returns: Principal and interest are paid daily in equal installments, unaffected by other factors.

  • Hourly Interest Accrual: Interest begins accruing at the next full hour after the subscription is completed.

Source of Returns

The underlying returns of this product are generated from cryptocurrency mining and AI computing power rental services.

FAQ

Subscription Instructions

This product is purchased in shares. Each share is 1,000 U. A single account can purchase a maximum of 100 shares.

Interest Calculation & Distribution

Based on the characteristics of the underlying assets, this product pays out principal and interest in equal daily installments. After subscribing to the product, interest begins accruing at the next full hour. Principal and interest repayments are made at the same hour the following day (upon completion of a full 24-hour cycle).

For example, if you subscribe to 1 share (i.e., 1,000 U principal), the interest calculation and payout are as follows:

  • 365-day term: Daily payment of 3.2 U (principal + interest), totaling 1,168 U. The daily interest rate is approximately 0.0872%, with an APR of 37.46%.

  • 730-day term: Daily payment of 2 U, totaling 1,460 U. The daily interest rate is approximately 0.1110%, with an APR of 49.94%.

Relevant Calculation Formulas

  • Daily Interest = Current Remaining Principal × Daily Interest Rate

  • Current Remaining Principal = Previous Day's Principal - (Daily Payment Amount - Daily Interest)

  • Annualized Percentage Rate (APR) = $[(1 + Daily Rate)^{365}] - 1$

Redemption

This product supports early redemption. However, due to the nature of the underlying assets, large redemption amounts, and the transfer of compute power rights, early redemption requires contacting customer service. The system requires 7 days to prepare the funds and transfer the compute power rights (interest payments cease immediately upon initiating redemption). The redemption rules are as follows:

Cooling-off Period

This product includes a 7-day cooling-off period during which free redemption is available.

  • Redemption Rule: Redemption Amount = Total Purchase Amount - Total Amount Already Distributed

Non-Cooling-off Period

  • Redemption Rule: Redemption Amount = (Total Purchase Amount - Total Amount Already Distributed) * 98%

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