001 // Rig

The unit

A rig is one graphics card. Not a slice of a pool, not an index, not a basket of hashrate. One card, one serial number, one NFT, one owner.

The card lives in a colocation cage instead of your room. You do not hear it, you do not power it, and you do not replace the thermal paste on it. You hold the token that says it is yours.

Two things it does

The card rents its compute. Time on it is sold by the hour to whoever needs it, and the revenue net of hosting is what we call cashback. That is entry 003.

The mint proceeds behind the collection go into tokenized NVDA exposure, held in a reserve tied to the collection. Rigs track that position. It does not pay you anything month to month. It moves with the price of the company that built the card. That is entry 004.

What ownership does not include

You cannot ask for the physical card to be shipped to you. You cannot remote in and run your own workloads on it. Ownership is economic: the revenue and the reserve position follow the token, the hardware stays on the shelf.

Retirement

Cards die. When a rig fails hosting diagnostics twice in a row it is pulled, and the token is marked retired on chain rather than quietly re-pointed at a different card. What happens to a retired rig's reserve share is published with the contract, before mint.