{
  "version": "2026-10-02.1",
  "assumptions": "Declared arithmetic scenarios. No attack feasibility, card-use, financial statement audit or investment forecast.",
  "hardware_checked_utc": "2026-09-30T23:49:43+00:00",
  "hardware": [
    {
      "id": "l7",
      "name": "Antminer L7 9050M",
      "ghs": 9.05,
      "watts": 3258,
      "price_usd": 724,
      "availability": "Spot listing",
      "source_url": "https://shop.bitmain.com/product/detail?pid=000202601231117213075KE92In30601",
      "cooling": "Air"
    },
    {
      "id": "l9",
      "name": "Antminer L9 16G",
      "ghs": 16,
      "watts": 3360,
      "price_usd": 3360,
      "availability": "Spot listing",
      "source_url": "https://shop.bitmain.com/product/detail?pid=00020260319193617247KLnWSnyl0701",
      "cooling": "Air"
    },
    {
      "id": "l11",
      "name": "Antminer L11 20G",
      "ghs": 20,
      "watts": 3680,
      "price_usd": 9380,
      "availability": "Sold out; displayed price",
      "source_url": "https://shop.bitmain.com/product/detail?pid=00020250930202809720EEqNRF4W065F",
      "cooling": "Air"
    },
    {
      "id": "l11hu2",
      "name": "Antminer L11 HU2 35G",
      "ghs": 35,
      "watts": 5775,
      "price_usd": 16415,
      "availability": "Sold out; displayed price",
      "source_url": "https://shop.bitmain.com/product/detail?pid=00020250915134323002Rg6mRplR06C6",
      "cooling": "Hydro; external cooling excluded"
    },
    {
      "id": "dg2plus",
      "name": "ElphaPex DG2+",
      "ghs": 20.5,
      "watts": 3900,
      "price_usd": 10045,
      "availability": "Futures listing",
      "source_url": "https://www.elphapex.com/product?type=Miners",
      "cooling": "Air"
    },
    {
      "id": "mini-default",
      "name": "Goldshell MINI DOGE III PLUS \u00b7 default",
      "ghs": 0.81,
      "watts": 500,
      "price_usd": 474,
      "availability": "In stock; listed price",
      "source_url": "https://www.goldshell.com/product/mini-doge-iii-plus/",
      "cooling": "Air"
    },
    {
      "id": "mini-low",
      "name": "Goldshell MINI DOGE III PLUS \u00b7 low power",
      "ghs": 0.62,
      "watts": 300,
      "price_usd": 474,
      "availability": "Same machine, alternate mode",
      "source_url": "https://www.goldshell.com/product/mini-doge-iii-plus/",
      "cooling": "Air"
    }
  ],
  "honest_hashrate_phs": [
    1.5,
    3,
    4.5
  ],
  "target_new_share": [
    0.51,
    0.6
  ],
  "card_budget_eur": 100,
  "sale_spread_percent": [
    0.25,
    1,
    2
  ],
  "fixed_sale_fee_eur": [
    0,
    1
  ],
  "synthetic_treasury": {
    "ltc": 1000,
    "cash_usd": 10000,
    "liabilities_usd": 2000,
    "annual_cost_usd": 1000,
    "ltc_prices_usd": [
      50,
      70,
      100
    ],
    "shares": [
      1000,
      1200
    ],
    "price_to_nav": [
      0.6,
      0.8,
      1.2
    ]
  },
  "payment_report_2025": {
    "total_orders": 1424519,
    "offchain_orders": 100114,
    "ltc_share_percent": 14.4,
    "source": "https://coingate.com/blog/post/crypto-payments-data-report-2025",
    "source_checked_on": "2026-10-02",
    "note": "Provider excludes off-chain transactions from crypto-specific analysis. Multiplication assumes reported share uses the remaining order base; percentage is rounded. No reconstructed exact LTC ledger."
  }
}