Calculation of mining cost
FT is not a coin. Ft (fcoin token) is a token issued by fcoin trading platform, which is the representative of all rights and interests of the trading platform. The issuance of FT is based on the principle of "transaction is mining" (see the mining principle) and graally released (see the description of circulation), with the upper limit of 10 billion and never increasing
as the representative of platform equity, the platform will distribute 80% of the income to FT holders (check the details of income distribution). At the same time, FT holders have the right to participate in major decision-making and community management
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extended data:
value of fun coin global common points (FT currency):
1. Transaction mining reward: from 0:00 (UTC + 9) every day, 110% of the transaction fees generated by users will be converted into ft for accumulation, and the conversion price will be calculated according to the average price of FT in that hour (the average price calculation method is total transaction amount / total volume)
2. Bonus reward: 50% of the platform's handling fee income will be distributed to FT holding members as dividends
3. Buy back plan: 20% of the platform's handling charge goes into the buy back fund. When the price of FT fluctuates greatly; All users can enter a public address without private key, and this address can only enter but not exit. All users can effectively supervise through the block browser. The repo program continues until 50% (1.5 billion) ft of the total repo amount
4. Asset injection plan: 20% of the service charge of funcoin platform will be injected into ft assets. The purpose of the fund includes, but is not limited to, dividends for FT users again at a specific time, airdrop rewards, setting up special user reward mechanism, etc
The cost of ore includes: direct materials, direct wages, other direct expenses and manufacturing expenses actually consumed in the process of mining raw ore
the management expenses, financial expenses for raising funds and sales expenses for selling procts incurred by the administrative department of the enterprise for managing and organizing business activities are all regarded as period expenses
Direct materials include raw materials, auxiliary materials, spare parts, fuel, power, packaging materials and other direct materials actually consumed in the process of mining raw ore2. Direct salary
direct salary includes the salary and welfare of personnel directly engaged in mining raw ore
3. Other direct expenses
other direct expenses include other expenses directly used for mining raw ore
4. The management cost includes all kinds of costs for organizing and managing the mining of raw ore. The salary of mining raw ore management personnel, employee welfare, depreciation of fixed assets for mining raw ore, rental of leased fixed assets, repair costs, machinery and materials consumption, low value consumables, heating costs, water and electricity costs, office expenses, travel expenses, transportation costs, insurance costs and other manufacturing costs
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< H2 > extended data:expense carry forward
operating expenses, management expenses and financial expenses are carried forward at the end of the period. There are two methods for carrying forward period expenses at the end of the period:
1, statement carry forward method
statement carry forward "profit and loss" items at the end of the period to calculate and reflect the financial results at the end of the period. At the end of each month, only the month end balance of profit and loss accounts (including period expenses) is carried forward, but it is not carried forward to the "profit of this year" account. The "profit of this year" account is used only when carrying forward at the end of the year
"current year's profit" reflects the total amount of current month's financial expenses of current year's profit and fills it in the current month column of the profit statement. The current month's balance is filled in the current year's cumulative column of the profit statement, and the account is not carried forward
Account settlement method is a method to complete the work of profit and loss carry forward through the preparation of bookkeeping vouchers. That is, carry forward the profit and loss accounts (including period expenses) on the account every month, and carry forward the balance of operating expenses, management expenses and financial expenses at the end of each month, and carry forward the balance from the opposite direction of the account amount to the "profit of this year" account There is no balance in the three accounts ofperiod expenses after the end of the month. The monthly financial results of an enterprise are directly reflected in the "current year's profit" subject. The accumulated financial results of the current period can be obtained by accumulating the monthly profits
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