Recap of AMA with E-hash
Hosted by- Cryptoscape
We recently hosted an AMA with E- HASH, on March 26th at 13.00 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by SUSHAN, CMO, of E-HASH so here we are up with the AMA Recap, for those who missed the live session, this will be helpfull to know more about E-hash and its Ecosystem
Sahil - Are you ready to start the ama and set the stage on fire
Sahil-So we would be starting with the usual custom of introduction questions and first question coming your way , briefly before we proceed can you introduce yourself and your background
Sushan- OK, I’m Sushan, CMO of EHash.
EHash was built by a team of miners who have rich experience and professions in the mining industry. With the emergence of DeFi, we found there is a lack of products to bridge the mining industry with the DeFi world. And as miners, our founder team hopes to help more users have easy access to the mining world. Considering this, the founder team decided to start the project of EHash, through which, users can participate the mining activities in a very easy way.
Sahil- That’s an amazing answer to set the stage on fire now let’s turn on the heat more. Can you introduce your project? What makes the E- hash Project
stand out more than other mining projects in the same direction at
the moment? What are the unique features?
Sushan- Compared to other crowdfunded hash rate tokens，EHash has a unique design that has several obvious advantages.
(1) Each EHash coin corresponds to the Ethereum network PoW hashing power of 0.01Mh/s, while the traditional crowdfunded mining power coin usually corresponds to a group of ASIC mining machines(essentially the split of the mining machine share).
Sahil- That’s amazing to make us more Curious
Sushan- As long as the Ethereum PoW network exists, EHash will never become obsolete, as the hashing power will never become obsolete. However, ASIC mining machines are likely to be phased out and replaced by more advanced machines.
Sahil- True actually
Sushan- In fact, in the Bitcoin crowdfunded mining market, a lot of crowdfunded mining with 90w/T hashing power efficiency ratio are already eliminated. As the current mainstream Bitcoin ASIC mining machines’ hashing power efficiency ratio have been improving to 30w/T, it is foreseeable that ASIC mining machines with greater than 60w/T hashing power efficiency ratio will gradually be eliminated within the next two years.Therefore, the value of those crowdfunded mining coins supported by these machines will correspondingly fall deep in value.
Sahil- Oh alright that’s amazing information shared by you
Thanks for sharing it
Sushan- (2) EHash does not charge users' electricity bills, which solves the user’s mining cost accounting problem. The actual mining reward of EHash holder is real, transparent and verifiable.In the traditional crowdfunded mining market, the issuer and hashing power provider usually settle the electricity, operation and maintenance fees in the
backfield, and then the issuer will distribute the mining revenue to the token holders after deduction of all costs.
Sahil- That’s amazing to be serious I was basically afraid of mining Due to high electricity charges
Sushan- There is a lot of ambiguous space in the cost accounting, and the holder of the crowdfunded mining coin is often the party whose interests are damaged.
Sahil-Seriously that’s amazing to be honest guys you need to check it out 😍😍😍
Sushan- (3) EHash runs entirely on a decentralized network.Smart contracts deployed on the Ethereum mainnet automatically distributes ETH mining reward to EHash holders everyday. EHash holders could claim their mining reward any time through the smart contract.The traditional crowdfunded mining coin is often issued and distributed by an issuer. There are various suppliers behind the scene as well. Any problem in a single point could lead to an interest damage.EHash anchors Ethereum’s hashing power, not the split of a certain batch of mining machine shares (different from traditional cloud computing power). As long as ETH PoW mining exists, EHash will always exist. Here is how EHash compares with other mining projects on the market in terms of Safety, Convenience and Yielding.
Sahil- Amazing simply guys don’t forget to take a note of it 😍
Sahil- My pleasure sis and it was seriously an amazing answer given by you .Now to increase the hype more putting up the next question , Can you tell us about E-hash current partners, plans for
partnerships and what everybody stands to gain from these
Sushan- First, our partners are many renowned mining companies. Due to the characteristics of decentralization, we decided don’t name the supporting mining companies. But the stable mining support for sure is our big advantage.
- Secondly, EHash does not currently have external investors as partners.
- Thirdly, we are working round the clock to establish a strong partnership based on trust and reliability with our community as we continue to provide a safer, convenient and sustainable alternative to worry-free mining on Ethereum network. Many miners and users from our community are becoming our partners.
- Last, EHash welcomes any positive and helpful forces from the community. If you are interested in joining us, please check out our ambassador plan here: https://twitter.com/EHashDeFi/status/1367340749520441344?s=20
Sahil - Guys go check it out., That was an amazing answer given by you ,Now next question coming your way you already have set the intensity so high so let’s continue to set it more high. You recently launched a bounty program could you share more
details about the same?
Sushan - One of the challenges that we are curently have is creating awareness of our product in order to reach a wider audience. Our team has implemented a few strategies to solve this problem. We have already organized two bounty campaigns and one of them is still ongoing. We also launched an ambassadors program which is still open for people from different regions and backgrounds to participate. Our goal is to reach as many users as possible.
Sahil- Type done after your answer is complete to avoid any further miscommunication
Sushan- For example, in our latest EHash Star Bounty Campaign, we are giving away $10000 to EHash enthusiasts who participate in different categories aimed at promoting EHash. The categories include social media campaigns such as Twitter and Telegram, video creation, article writing, creating memes, among other several strategies designed to promote EHash.
- We also welcome suggestions from our community and their contribution to widening our base. For detailed information on our ambassador initiative and bounty campaign, see the following:
Sahil - Guys make sure to participate in it and win ecash 😍
Sushan - Thankyou
Sahil: Oh alright my pleasure .Guys you can’t miss it😍 Now time for the next question . If holders of EHash token dont have to pay any fee for electricity
consumption and HashAge only charges 20% of the mining reward,
how can EHash stay sustainable only by charging such a small fee and
with all the electricity consumption that is produced by mining all the
Sushan- It is important to note that EHash is a token that anchors the mining power of Ethereum’s PoW. It is different from traditional mining where users have to own hardware equipment to mine and earn rewards. Each EHash corresponds to 0.01 MHash/s of Ethereum PoW hashing power. The initial issuance of 20 million EHash corresponds to 200,000M Ethereum hashing power (the entire network hash power of Ethereum is now about 390000G, 1G=1000M).
Sahil - That’s amazing 😍
Sushan- EHash holders do not need to pay any fees and can obtain 80% of the mining output of the corresponding computing power, and the remaining mining income is used to pay for electricity, mining machine maintenance, etc.
Sahil- That’s an amazing concept it shows mind and sweat has gone in making this project . Should we proceed to next question ??
Sushan- Yeah, that’s great
Sahil - Oh alright now time has come to put the last but not he least question of this segment. What is the total supply of $ehash and the circulating supply?
Sushan- Ehash currently has 20 million total supply, corresponding to 200,000M of Ethereum hashing power. It’s already trading on Gate.io, a well-known top exchange in the crypto market. Uniswap trading is also about to be added soon. Ehash has not received any outside investment and no public/private offering.
Sahil- Oh that’s a great answer given by you .Now are you ready to take up the question put up. By the users over days of research
Means twitter segment
Sahil- Now putting up. The first question 😍😍😍😍
I’ve read that you are planning to announce your staking mechanism
& incentive plan soon. You know Staking had a great year in 2020, it is
becoming an essential & stable part of many network. So do you think
PoW is going away just because PoS & staking are getting popular?
And You said EHash will not be obsolete as long as Ethereum PoW
network exist, but what will happen after Ethereum transition to ETH
Sushan- This is a very good question I want to address for sure. EHash will ever-last as long as the Ethereum PoW network exists. But what will happen after Ethereum transition to ETH 2.0?
- Even if it matures, PoW network might become one Shard of ETH 2.0. What’s more, if the Ethereum core developers give up PoW and want a hard-fork. The PoW Ethereum network still exists. In summary, ETH 2.0 doesn’t mean the death of PoW Ethereum.As miners, we always believe PoW is so far the most reliable way of decentralization and consensus security
Sahil- That’s Cryptoscape community for. You they research very well ❤ And that’s the best introductory answer to this segment
2)Every projects have their telegram group but currently people are
muted when asking questions or pointing out mistakes inn the project
calling them fud.
To what extent the community members can participate in Ehash
governance? Will their suggestions be considered?
Sushan- Let me respond by stating what EHash represents. EHash token has the following utilities:
1. Symbol of ownership of Ethereum hashing power;
2. Right to own Ethereum mining reward;
3. Governance token in EHash community;
- EHash is the governance token for EHash community. For example, if you’re a credited miner and want to be a part of the EHash network growth, you should own EHash or incentive EHash community to vote for your hashing power to be added to EHash.
Sahil- Thnkz for addressing this question and answering it with so much detail.
Now time for the next question
EHash is a good way to earn benefits from mining without having all
the physical devices that its requeried. But, considering that it is
better to have a product/device in physical than in digital form, why
should you consider mining using EHash and not in the traditional
Sushan- Although some platforms will release a lot of hardware mining photos on their official websites, and claim to allow investors to visit the site, in fact, not many users will actually visit the site in person, which leaves considerable space for dark operations in cloud computing platform.Even if there are users who really want to visit the site, the platform may also take users to the hardware mining sites of big established miners that they are already in bed with, leaving little room for users to prevent being defrauded or protect their investment.
Sahil- True actually😂
Sushan- Ehash is the token representing the computing power of Ethereum. Each Ehash token always anchors the 0.01mhash/s hash computing power on Ethereum network. Each Ehash token has real Ethereum computing power support, in which all data are linked in real-time, open and transparent throughout the process. The actual mining power supporting Ehash value is transparent and searchable on the Mining Pool (such as fish pool f2pool). Users can view the real-time hash power through the mine pool address at any time.
- Restricted by the openness and transparency of the blockchain, the platform can’t sell fake computing power without restriction, so as to avoid the system from evolving into a capital game of robbing the east to pay the west.
Sahil- That’s actually an amazing feature 😍Guys don’t miss it😍
Sushan- Ehash writes all the key data such as the anchored total computing power, the whole network Ehash data and Ehash mining output into the Ethereum smart contract. When the Ehash user starts mining, the smart contract will automatically record the computing power purchased by the user (the number of Ehash), and automatically transfer the Ehash mining income to the user’s address every day through the mining income distribution contract.
- Users can check relevant information on the block browser, such as their own computing power, the total computing power of Ehash network and the proportion of their own computing power, so as to know their real computing power and income.
Sahil- Simply amazing I must say
Sushan- Smart contract can ensure the authenticity and validity of data on Ehash network, and the execution of smart contract is not subject to human interference and control. This ensures that all transactions between Ehash and users are open and transparent.In this way, users can fully grasp their own actual effective computing power, mining revenue and trading history in the platform, and reduce users’ trust in mining machines, computing power and revenue distribution. The loss caused by an opaque interest rate can effectively protect the rights and interests of investors.
Sahil- What all is left to convince people to believe in your project guys I must say it’s best project till now I have done ama with so consider it 😍. Now time for next question
Recently some defi platform were hacked so what’s the security that
you carry and any audit done?
Sushan- EHash has passed all types of security audits required. You can view the audit reports on the official website, for instance: https://ehash.co/static/media/Smart_contract_security_audit_report_EHASH.dbd9075b.pdf
Sahil- Sure guys check it out 😍
And believe in the project 😍
It’s not any other project which comes and disappear it’s here for. Long run.
Now time for putting up. The last but not the least question of this segment ❤❤❤
NFTs + Defi is hot trending now, What can Ehash say about this? Do
you have plan to have NFTs or make owned NFTs in Ehash platform?
- Sushan- We are excited to introduce the relationship between EHash and DeFi liquidity mining. Since by holding EHash one can automatically receive the ETH mining output from the smart contract every day, EHash can be regarded as an interest-bearing asset. As EHash is the standard ERC-20 token on the Ethereum network, there is a lot of room for income enhancement.
- For example, EHash holders can go to a DeFi lending platform to collaterilize EHash to obtain lending interest income, at the same time borrow USDC at low interest rates, and then swap them into EHash on DEX. Meanwhile, the user’s income from holding EHash = EHash APR×Leverage Ratio + lending EHash APR - borrowing USDC APR, thus gaining enhanced return. We are seeking to launch EHash on the mainstream DeFi lending platform.
Sahil- Guys I am saying it again and again you can’t miss this project it’s simply amazing 😍
Sushan- Regarding liquidity mining for DeFi, in order to create sufficient liquidity for EHash, we will also start EHash’s liquidity mining for LP liquidity pairs, basically an incentive mechanism to encourage holders to add LP on Uniswap.
- The long-term vision of EHash is not only to provide a convenient way for ordinary users to own the hash power of Ethereum, and to bridge the gap between the crypto asset trading community and the ETH mining community. Therefore, in addition to the native ETH mining function of EHash, the combination of EHash and DeFi liquidity mining is also very important. We will announce the specific liquidity mining policy at some time and open the operation interface on the official website https://ehash.co
Sahil- Oh alright Thnkz for addressing that question 😍 I am saying this I am really fortunate to host an ama with you
You have just answered every question in so much detail 😍
By the way are you ready for. My personal favourite segment that is where you get a chance to interact with community 😍
Sushan- Yes! Through Twitter, Telegram communities and a lot of activities that we launched for the community. We are expanding more communities to more countries. All users' feedbacks and questions can be listened in our Telegram commnunities.
Sahil- Oh that’s amazing 💜
Community live segment
Q1. ❓What are your features that distinguish you from other mining services?
Sushan: EHash is the easiest way to mine ETH. Users don’t need to stake to earn mining rewards. This is the biggest difference and our advantage, comparing to other projects.
Q2. There have been too many fraud incidents in crypto. Investors are therefore anxious and skeptical. Team members and smart contracts are now more important. What would you say about "TRUST" and "SECURITY"?
Sushan: Sure, pls check out our audit report and hashrate on our website. EHash is totally qualified.
Q3. What can we expect to see from this project in the short-term (at some point in 2021) and beyond (long-term goals)?
Sushan: In the short time, we will launch more reward mining mechanisms soon to enhance liquidity. In the middle term, we will focus on being listed on more Cex and Dex to let more users know EHash.
Q4. What really MOTIVATED you to bring such a great PROJECT into existence?
Sushan: As mentioned above, our founder team is a group of miners. We love mining industry and looking forward to the future of DeFi. Therefore, we created EHash to max the advantages of both and benefit for these two worlds.
Q5. Do you feel satisfied with success you have made till now, when you look back to day when you have started this project?
Sushan: Actually, this is just the begining of EHash. EHash has been listed just a month. We still have too many things on our to-do-list. Such as the growth of community, the market expanding and the token influence.
Sahil- @sushanlang Thnkz for taking up. The questions anything you want to address to our community as a concludatory statement
Sushan- Thank you all for listening and being here. That’s all of our answers today.
Hope we could listen more form you in our official community.
Sahil: It was our pleasure having you here.
Sushan: Thank you all
Links To E- HASH