I am finding this whole concept quite confusing. I have a few VMC - how do I trade them in for MH?
And how much would I get for say 100k VMC?
Currently reedem is on HOLD, because our security mining power on ZenPortal is mining HashPoints now.
We will convert those HashPoints to HashCoins after the 24th of november, when it is enabled on Zenportal...
Unfortunately until that time We cannot finance reedem due to lack of fund.
Anyway, You can calculate the reedem price of VMC, based on actual BTC price, actual security mining power value (MHS amount) on ZenPortal and Total available VMC supply (Total supply - Reedemed VMCs)
So at this moment it looks like this:
Actual MHS amount: 196MHS
Actual price of 1 MHS ZenHashlet: 14.95$
Actual BTC price: 382.48$
Actual Total available VMCs: 88.000.000 (100million - 12million)
((196MHS*14.95$) / 382.48$) / 88.000.000 = 0.00000008(705...) BTC
That means reedem price of 1 VMC would be ~ 0.00000009 BTC at this moment.
So your 100.000 VMC would worth: 0.009 BTC
But as i mentioned above, REEDEM is ON HOLD now !
I suggest You to HOLD your VMCs for a few weeks from now...
New features and BIG NEWS are coming after the date of 24th of November.
We are working in the background on a few cool things to make VMC value increase !