Adjustment on the Interest of HyperPay Filecoin Cloud Mining
When the HyperPay Filecoin Cloud Mining was launched, there was no clear rules, but only the initial pricing for the hardware cost of the mining machine. After the birth of Filecoin mining rules, its real mining cost is divided into three parts (mining machine hardware + pledge coin + packaging Gas fee, the former accounted for about 40%, the latter two accounted for 60%) .
After the Filecoin mainnet went live, the market was extremely lack of FIL tokens necessary to fill hash rate. In order to ensure the interests of users, HyperPay adopted the scheme as most mining machine manufacturers to advance the cost of pledge coins and package gas fees, continue to packaging linearly for users, and distribute all mining revenues to users. However, with the rapid increase in the price of FIL, and the gradual increase in the hash rate of filling, the cost of mining has changed dramatically, the proportion of hardware costs of mining machines decreasing to 10%, and the operating pressure of HyperPay to advance pledge coins and gas fees has surged, bearing interest of 72% of the annualized interest rate on the market. Therefore, the current best strategy is to package the effective hash rate as soon as possible to increase the mining revenue.
HyperPay Filecoin Cloud Mining has decided to adopt a general market solution. The user's mining income will be repaid for the advance payment by the platform, and the platform continue to pre-pledge it to increase the speed of hash rate. In this case, the amount of repayment will grow faster, but users can avoid FIL interest expenses by repaying in advance actively. At the same time, in order to relieve users’ pressure on borrowing coins, HyperPay has decided to subsidize all Filecoin Cloud Mining users by 50% of the market borrowing interest. After the subsidy, the daily interest rate for users’ borrowing is only 0.09863%, which is significantly lower than the market FIL. Please be informed of above informed.
Filecoin Cloud Mining’s Advance Payment and Interests Repayment
Since the launch of the Filecoin mainnet on October 15, 2020, the pre-pledge and linear release in the official economic model and the high gas costs have tortured miners, and many of them chooses to strike, stopping filling effective hash rate for users. The token gap is huge, and the costs of borrowing and the risks of purchase remain high.
However, HyperPay is trying its best to protect the rights and interests of users. HyperPay Cloud Mining products have been linearly packaging hash rate, and has paid in advance of 2 million-USDT FIL tokens for users.
The FIL tokens paid in advance by HyperPay are mainly used for pre-pledge and packaging gas fees. The current cost of packaged 1TiB of effective hash rate is about 15.24 FIL.
HyperPay Filecoin Cloud Mining followed the FIL official economic rule to distribute income to users (25% of mining income is released directly, and 75% linearly released) since the beginning, and did not charge users any cost of filling and interest of advance payment, which caused high operating cost for us. Therefore, for the sustainable development of the platform, from now on, HyperPay will charge users fees and interest of advance payment.
The interest is charged according to the market's 60% borrowing rate, accrued on a daily basis, and collected by deducting the user's daily FIL income. Users can also choose to repay it in advance, so that there is no interest.
Moreover, HyperPay will transparently display the data of hash rate, all profits and the calculation logic of costs. Based on the purpose of serving users, we will continue to provide users with the most reliable service.
April 8, 2021
HyperMate Pro Is Formally Ready
HyperPay's new generation hardware wallet, HyperMate Pro, is officially launched on April 8. Users can follow HyperPay official updates or consult customer service for more information on HyperMate Pro sales.
This time, HyperMate Pro has made great improvements in exterior, user experience, functions and safety performance compared with HyperMate G.
Let’s first take a look at the two versions of hardware wallets (the left HyperMate Pro, the right HyperMate G):
The International Organization for Standardization divides the CC assessment level into EAL 1-7 from low to high. Generally speaking, the safety requirements of commercial products are within CC EAL 5. The bank chip debit cards require CC EAL5+. Higher levels such as CC EAL6 and CC EAL7 are for military use. HyperMate G and HyperMate Pro all reach CC EAL6+, but Pro has been detailed optimized and improved:
Carved in details, an innovative work
HyperMate G supports tens of thousands currencies, supports multi-sig of BTC, HC, ETH, BCH, LTC and ERC20 tokens, supports firmware upgrades, and supports connection to HyperPay app via Bluetooth.
HyperMate Pro inherits all the functions of HyperMate G, and combines traditional mature security technologies to achieve a secondary security upgrade at the physical level to prevent illegal hijacking of user accounts by external factors in extreme cases, thus to ensure that every transaction is correct and safe.
Users need to verify their fingerprints on HyperMate Pro to confirm that the transaction is initiated by themselves, which double guarantees the security of the transaction;
Users have two options for creating mnemonic words: users can choose to create 12 or 24 mnemonic words, and the two standards do not affect the safety coefficient.
Bluetooth 5.0 has an increase and optimization for the speed of low-power devices. Bluetooth 5.0 combines with wifi to assist in positioning indoor locations, improving transmission speed and increasing effective working distance.
Optimizing user experience
HyperMate G only has English language, but Pro supports English and Chinese. Korean, Italian, and Arabic will soon be supported;
Smoother physical keys
HyperMate Pro has made a lot of optimizations in details to try to provide users with better experience.
HyperMate Pro has larger monitor and the physical keys, which is more intuitive and easier to operate.
Also, the vertical structure, the appropriately increased volume and weight and the perfectly arranged keys make it more suitable for one-handed operation.
The box of HyperMate Pro contains:
HyperMate Pro device *1
Card Holder *1
Mnemonic Card Instructions *1
Card Holder Instructions *1
Quick-drying Oily Pen *1
Mnemonic Card *1
USB charge cable *1
User Manual *1
Mnemonic Handbook *1
The mnemonic card is made from aluminum alloy raw materials, combined with laser technology, so the card is fire- and water-proof; the customized quick-drying oily pens is able to keep the words and colors for a long time under natural conditions.
In the Mnemonic Handbook, according to Bitcoin's mnemonic words generation specification, mnemonics are randomly generated from a fixed 2048 words. Users can record one or several words of the mnemonics according to the customized shift rules, so as to achieve the purpose of secondary encryption.
The Card Holder is made of special blended metal fiber material, which can effectively shield Bluetooth signals and isolate electromagnetic interference.
Assets safety under DeFi trend
Since the beginning of 2021, the DeFi market has continued to heat up. The trading volume of the DEX market in February reached approximately $72.89 billion, another record high, an increase of $12 billion compared to January. For now, the total lock-up volume in the DEX market has reached $19.48 billion, of which more than 70% has been newly increased in the past three months.
The phenomenal mania also hides risks: MetaMask, the beneficiary of the current DeFi mining boom, as a plug-in wallet, is facing an increase in the risk of asset theft as frequent access to the Internet. One misoperation may cause damage to your own funds, but participating in DeFi mining through a hardware wallet can largely avoid the risk of private key exposure and theft.
The function of a hardware wallet is to isolate your private key from the Internet, from the public key, and hardware wallet can only call the private key to confirm the signature by physical keys operation. Therefore, using HyperMate Pro can greatly protect the safety of funds, and you can really enjoy the happiness of DeFi world.
HyperMate has never stopped pursuing the margin of safety, and is always striving for the best in details, just want to provide users with a safer and easier-to-use hardware wallet.
The Node Upgrades of HC, QTUM, LTC, Doge Have Been Completed
HyperPay has completed the node upgrades of HC, QTUM, LTC, Doge and the related contract currencies. This upgrade has optimized the speed of deposit and withdrawal, to bring you a better trading experience.
The payment addresses of BTC, ETH, TRX, USDT and their related contract currencies have been updated, and the old payment addresses are no longer valid. Please remember to update the payment addresses saved in other exchanges or wallets in time to avoid the situation of deposit failure. We are not responsible for any loss of assets caused by incorrect addresses that saved by yourself.
March 3, 2021
Notice on the Upgrade of MIC Tokens
As the MIC project party will carry out asset migration from ERC20 to TRC20 in the near future, HyperPay will temporarily close the MIC withdrawal at 18:00 on March 8 (UTC+8), and deposit at 18:00 on March 10 (UTC+8) to work with this migration. It is estimated that the MIC withdrawal will be reopened on march 12.
Migration ratio: 1 ERC20 MIC=1 TRC20 MIC
March 3, 2021
Node Upgrade for HC, QTUM, LTC and Doge
In order to bring you a better user experience, HyperPay Wallet is going to start the upgrade and maintenance for HC, QTUM, LTC, Doge and the related contract currencies at 14:00 (UTC+8) on March 2. During the maintenance, the deposit function is temporarily closed, but others are not affected. The deposit will be opened as soon as the upgrade is completed, which is estimated to be at 08:00 (UTC+8) on March 3. Please noted not to deposit to the old payment address during the upgrade. We apologize for the inconvenience!
Thank you for your understanding and support!
The Node Upgrades of BTC, ETH, TRX, USDT Have Been Completed
HyperPay has completed the node upgrades of BTC, ETH, TRX, USDT and the related contract currencies. This upgrade has optimized the speed of deposit and withdrawal, to bring you a better trading experience.
The payment addresses of BTC, ETH, TRX, USDT and their related contract currencies have been updated, and the old payment addresses are no longer valid. Please rememer to update the payment addresses saved in other exchanges or wallets in time to avoid the situation of deposit failure. We are not responsible for any loss of assets due to incorrect addresses that saved by yourself.
February 28, 2021
Notice on Node Upgrade for Some Currencies
In order to bring you a better user experience, HyperPay Wallet now starts the upgrade and maintenance for some currencies. During the maintenance, the deposit function is temporarily closed, but others are not affected. Once the maintenance is completed, the deposit will be opened as soon as possible. We apologize for the inconvenience!
The currencies temporarily closed for deposits include: BTC, ETH, TRX, QTUM, USDT.
Thank you for your understanding and support!