#ALEO#

After careful study, this arc-46 proposal is essentially the project party pulling all miners together to gamble, turning all miners into stakers to hold coins and go long.

They designed a miner staking curve, which is based on the premise that if the total network hash rate remains unchanged, miners will start mining from now on, and mining machines are willing to stay online (even at a loss due to electricity costs).

If the first phase (from 0 months to 3 months) requires 4800 aleo staked for 1g computing power to start the mining machine:

Taking ae1 300m as an example: it is necessary to buy about 1440 aleo before 8.1.
The mining machine currently produces about 42 aleo per day. After 3 months, the miner will have 1440 + 42*90 = 5520 aleo. At this point, the staking requirement increases from 100,000 to 250,000 (a 2.5 times increase), so the miner needs to stake 1440 * 2.5 = 3600 aleo in order to continue mining. This allows the miner to withdraw 5520 - 3600 = 1920 aleo to sell.

For project parties, these aleo seem like game coins; they only calculate the current network computing power, as if miners can engage in mining games, but they do not take into account the overall network computing power, the hardware costs for miners, electricity fees, and the risks of algorithm changes leading to machine obsolescence.

😂😂 If the price of aleo can maintain or increase after 2 years, then the miners will be giants, they just need to stop the machines and sell all the staked tokens and walk away, without bearing any losses. However, if these tokens become worthless after 2 years, it will be pure bankruptcy, and all the money for the machines, electricity bills, and time will be wasted.

Buying an aleo mining machine is truly the worst investment I've ever made.