For Hashing power sellers:
This is all done automatically and the process does not require complex technical skills.
*The price for rent is determined by the current weighted average and refreshed each minute.
For Hashing power buyers:
- Successfully confirms receipt of needed amount of hashing power, and releases the escrow.
- A party raises a dispute, and brings in a third-party arbitrator, giving them the keys to decrypt the messages and work with both parties to make a resolution.
*LUHN COIN CORRESPONDS TO THE PRICE OF ONE HOUR HASHING POWER RENT. MINIMUM AMOUNT OF HASHING POWER FOR 1 LUHN IS DETERMINED BY THE CURRENT WEIGHTED AVERAGE PROFIT FROM MINING ALTCOINS FOR EACH ALGORITHM.
**The smart contract allows users to safely exchange (Luhn coins → hashing power → any other cryptocurrency) with one another and pools, and to name a trusted third-party to mediate a trade if a dispute arises. Currently, the trusted mediator is always hashrental.io, but the contract will be adapted in the future to switch over to a reputation-based distributed arbitrator pool.