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Meter Governance MTRGMeter Governance MTRGby0x0aB5ddA6f096E127AF74d4b64A101ac6C43FA1280x0aB5…A128

Lower MTR's production cost parity

Voting ended over 4 years agoSucceeded

When MTR was launched on July 4th, 2020, we have set the energy efficiency coefficient to 53W/TH, which was the mainstream BTC miners' efficiency as the time. We also have a built in curve that halve this parameter every 18 months. Currently this number is around 38W/TH and translate to about $4.5 opportunity to BTC. However with the global pandemic and disruption of supply chain. There is a major shortage of BTC mining hardware on the market. The overall competitiveness of BTC mining is not improving like the original Moore Law curve. With the upcoming dApp liquidity mining launches on Meter, there might be a shortage of MTR tokens. We therefore, propose to restore the energy efficient coefficient to 53, which will change the cost parity to around $3.2

Off-Chain Vote

Yes
468.39K 100%
No
0 0%
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Timeline

Sep 03, 2021Proposal created
Sep 03, 2021Proposal vote started
Sep 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated