ETHST Second Phase Ethereum Perpetual Hashrate Token Sold Out

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The second phase of the ETHST Ethereum perpetual hashrate token has officially sold out, marking another milestone in the growing demand for accessible and transparent crypto mining solutions. The token offering launched at 15:00 (UTC+8) on May 10 and was fully subscribed within just 30 seconds, highlighting strong market confidence and investor enthusiasm.

ETHST is designed to democratize access to Ethereum mining by tokenizing real-world mining power. Each unit of ETHST represents 1 MH/s of hashing power, powered by state-of-the-art 30HX and 40HX mining hardware. This ensures high efficiency and competitive performance in the current mining landscape.

The total supply of ETHST is capped at 500,000 MH/s, which will be released across 10 limited-time sales phases. The project is initially deployed on the HECO Chain, leveraging its low transaction fees and fast confirmation times to enhance user experience. Mining operations are securely managed by Xiao Jing Ku through Spark Pool, a trusted mining pool that allows users to monitor their hashrate and mining rewards in real time.

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Transparent and Secure Mining Infrastructure

One of the standout features of ETHST is its commitment to transparency. Unlike abstract cloud mining contracts with opaque backend operations, ETHST provides verifiable proof of physical mining infrastructure. Users can track live mining data, including uptime, hashrate output, and estimated daily rewards — all accessible through a user-friendly interface.

This level of visibility builds trust and empowers investors to make informed decisions based on real-time performance metrics. By anchoring digital tokens to tangible mining equipment, ETHST bridges the gap between decentralized finance (DeFi) and physical blockchain infrastructure.

Moreover, the use of advanced 30HX and 40HX GPUs ensures optimal energy efficiency and longevity, reducing operational costs and maximizing profitability for token holders. As Ethereum continues its transition toward more sustainable consensus models, maintaining high-efficiency hardware becomes increasingly crucial.

Phased Release Model Drives Scarcity and Demand

The decision to release ETHST in 10 distinct phases creates a sense of urgency and exclusivity. With the first two phases already sold out rapidly, anticipation for upcoming releases continues to build. This structured rollout not only manages demand but also allows for continuous optimization of mining operations based on feedback and market conditions.

Each phase offers a fixed amount of hashrate, reinforcing scarcity and enabling fair distribution among participants. Given the speed at which previous rounds have sold out, interested investors are advised to stay updated via official channels to secure participation in future phases.

Ethereum Mining in a Post-Merge Landscape

While Ethereum has completed "The Merge" and transitioned to proof-of-stake (PoS), hashrate-based products like ETHST remain relevant for educational, historical, and speculative purposes. Although traditional mining no longer applies to Ethereum’s mainnet, derivative applications and secondary markets continue to value hashrate-linked assets as indicators of network security history and computational investment.

Additionally, some sidechains and Layer 2 networks still rely on proof-of-work (PoW) mechanisms, preserving the utility of mining hardware and associated financial instruments. ETHST serves as a bridge between legacy PoW systems and modern DeFi innovations, offering exposure to mining economics without requiring technical expertise or large upfront capital.

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Frequently Asked Questions (FAQ)

Q: What is an Ethereum perpetual hashrate token?
A: It's a blockchain-based digital asset that represents ownership of a specific amount of Ethereum mining power (e.g., 1 MH/s). While Ethereum no longer uses proof-of-work, these tokens serve as financial instruments tied to historical or sidechain mining performance.

Q: How does ETHST ensure transparency?
A: All mining operations are hosted by Spark Pool and managed by Xiao Jing Ku. Users can monitor real-time data such as active hashrate, daily rewards, and equipment status through a dedicated dashboard.

Q: Is ETHST still mineable after The Merge?
A: No — Ethereum’s mainnet has transitioned to proof-of-stake. However, ETHST functions as a tokenized representation of past mining capacity and may retain value in secondary markets or educational contexts.

Q: On which blockchain is ETHST issued?
A: The token is launched on the HECO Chain, known for its fast transactions and low fees, making it ideal for micro-investments in digital assets.

Q: How many phases will ETHST have in total?
A: There will be 10 phases in total, distributing up to 500,000 MH/s of combined hashrate. The first two phases have already been fully subscribed.

Q: Can I resell my ETHST tokens?
A: Secondary market availability depends on exchange listings. While primary sales occur during limited-time events, peer-to-peer trading may be possible if supported by compatible platforms.

Looking Ahead: The Future of Tokenized Hashrate

As blockchain ecosystems evolve, so too do investment vehicles. Projects like ETHST represent a new frontier where physical infrastructure meets decentralized finance. By fractionalizing mining power into tradable tokens, they lower entry barriers and open participation to a global audience.

Although Ethereum’s shift to PoS changes the context, the underlying concept — making mining accessible, transparent, and liquid — remains valid. Similar models could emerge for other PoW blockchains like Bitcoin or emerging privacy-focused networks.

Investors should approach such products with awareness of both technological shifts and market dynamics. Staying informed about network upgrades, regulatory developments, and platform updates is essential for long-term success.

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Core Keywords

With growing interest in decentralized finance and digital asset innovation, ETHST exemplifies how traditional crypto concepts can be reimagined for modern markets. As future phases prepare for launch, the project remains a compelling case study in the fusion of physical resources and digital ownership.