CLAIM DEPRECIATION

What is Depreciation?

Depreciation is reduction of Egold production users need to bare every time they claim Egold.

Do I have to depreciation or is it deducted?

Unlike mining hash fee which user must pay to claim egold depreciation is auto deducted from users own mined Egold coins.

What happens to depreciation amount collected by the system?

All depreciation amount collected is burnt or destroyed by the smart contract automatically.

How much depreciation do my mining machines incur on each claim?

Depreciation is set at 5% meaning every claim that you make with your miner 5% depreciation is added to your machine. Below is table showing claim tax applicable on each claim.

CLAIM NUMBER	DEPRECIATION
CLAIM 1	0%
CLAIM 2	5%
CLAIM 3	10%
CLAIM 4	15%
CLAIM 5	20%
CLAIM 6	25%
CLAIM 7	30%
CLAIM 8	35%
CLAIM 9	40%
CLAIM 10	45%

EXAMPLE OF NET YIELD BASED ON MINING OF 100 EGOLD ON EACH CLAIM

CLAIM NUMBER	MINING FUEL / HOSTING FEE	DEPRECIATION	NET YIELD
1 - 100 EGOLD	51%	0%	49 EGOLD
2 - 100 EGOLD	51%	5%	44 EGOLD
3 - 100 EGOLD	51%	10%	39 EGOLD
4 - 100 EGOLD	51%	15%	34 EGOLD
5 - 100 EGOLD	51%	20%	29 EGOLD
6 - 100 EGOLD	51%	25%	24 EGOLD
7 - 100 EGOLD	51%	30%	19 EGOLD
8 - 100 EGOLD	51%	35%	14 EGOLD
9 - 100 EGOLD	51%	40%	9 EGOLD
10 - 100 EGOLD	51%	45%	4 EGOLD