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teraflop an hour ago

What does "no cash settlement" mean? If I sell a reservation, do I not get cash?

34 minutes ago | parent | next [-]
[deleted]
yuansong98 36 minutes ago | parent | prev | next [-]

So yes, you do get cash. when i said cash settlement, i was referring to how the contract itself ends, unrelated whether you can sell it. A cash-settled contract means it never delivers anything and at expiry it just pays out the difference between your price and an index price, which makes it a pure price bet.

on computable, whoever holds the reservation when the week arrives gets the actual nodes when they redeem for usage. so selling your reservation to someone else beforehand is no different from reselling a concert ticket. and when you sell, the buyer takes over the claim, you get their money, and the contract still ends with someone getting the GPUs.

hope that clears up.

an hour ago | parent | prev [-]
[deleted]