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+---
+sidebar_position: 5
+---
+
+# Hosting Economics (SPORE)
+
+This page explains how hosters earn money by contributing capacity to the grid and how **SPORE**, the ecosystem token, works.
+
+> Originally this content was written for *ThreeFold Farming*. Here we describe it from the perspective of **hosters** supporting the Mycelium / ThreeFold stack.
+
+## What is SPORE?
+
+**SPORE** is the native token of the ThreeFold ecosystem. You earn SPORE for providing compute, storage, and network resources as a hoster.
+
+### Key Facts
+
+| Feature | Details |
+|---------|---------|
+| **Base Price (intro period)** | $0.01 per SPORE (fixed until June 30, 2026) |
+| **After June 2026** | Price floats based on market demand |
+| **What You Earn** | SPORE tokens for capacity and utilization |
+| **Max Supply** | 10 billion SPORE (capped) |
+| **Utility** | Payment to hosters, growth of the ecosystem |
+
+### Why SPORE Can Appreciate
+
+1. **Part of every payment is burned** – reducing circulating supply.  
+2. **Demand grows with adoption** – more workloads → more SPORE demand.  
+3. **Scarcity + demand** – over time this can support higher prices.
+
+---
+
+## How Revenue Is Split
+
+When users pay for resources on your node, the payment is automatically split:
+
+```mermaid
+graph LR
+    A[User Pays for Resources] --> B[80% to Hoster<br/>SPORE Tokens]
+    A --> C[10% Burned<br/>Removed from circulation]
+    A --> D[10% Mycelium / ThreeFold<br/>Development]
+
+    B --> E[Your SPORE Balance Increases]
+    C --> F[Total SPORE Supply Decreases]
+    D --> G[Ecosystem & tooling improve]
+```
+
+### Example
+
+If a user spends **$10** worth of SPORE on workloads:
+
+| Recipient | Amount | What Happens |
+|-----------|--------|--------------|
+| **You (Hoster)** | $8 (800 SPORE) | Added to your balance |
+| **Burned** | $1 (100 SPORE) | Destroyed permanently |
+| **Development** | $1 (100 SPORE) | Funds infrastructure & software |
+
+Over time, the burn + demand effects help make each remaining SPORE more scarce.
+
+---
+
+## Burning and Scarcity
+
+Burning is simply **removing tokens from circulation forever**.
+
+Conceptually:
+
+- Without burning: supply stays flat, price tracks demand only.  
+- With burning: supply decreases as usage increases → additional upward pressure on price.
+
+This is why long‑term hosters are incentivized to accumulate SPORE while continuing to provide capacity.
+
+---
+
+## Earnings Drivers
+
+Your actual returns as a hoster depend on:
+
+- **Capacity** – How much CPU, RAM, and storage your nodes provide.  
+- **Location & reliability** – Good connectivity and uptime attract more workloads.  
+- **Demand** – How many users deploy on the grid / Mycelium Cloud.  
+- **Time horizon** – SPORE price is fixed during the early phase, then becomes market‑driven.
+
+### Rough Components of ROI
+
+1. **Base rewards** – Capacity made available to the network.  
+2. **Utilization‑based income** – When workloads actually run on your nodes.  
+3. **Token appreciation (speculative)** – If SPORE price rises as adoption grows.
+
+> Exact reward formulas can evolve over time. Always check the latest tokenomics and dashboards for up‑to‑date numbers.
+
+---
+
+## Managing Your SPORE
+
+### 1. Hold (Long‑Term Thesis)
+
+- Let SPORE accumulate in your wallet.  
+- Benefit from potential scarcity and ecosystem growth.  
+- Simple, low‑effort strategy.
+
+### 2. Convert Some to Stability
+
+- Convert a portion of SPORE to **Cloud Credits (CC)** or other units if/when available.  
+- Use CC for predictable budgeting, while keeping some SPORE for upside.  
+- Useful if hosting is part of a bigger business.
+
+### 3. Hybrid Approach
+
+Many hosters will:
+
+- Keep a core SPORE position (long term).  
+- Periodically convert a portion to cover opex (power, connectivity, hardware refresh).
+
+---
+
+## Getting Started with Earnings
+
+### Step 1: Set Up Your Node
+
+Make sure your node is live and part of your farm:
+
+- Follow **[Set Up Your Node](/hosters/setup)** to get connected.  
+- Confirm visibility in the dashboard.
+
+### Step 2: Monitor Utilization
+
+- Use the dashboard to see when and how your capacity is used.  
+- Watch resource allocation, uptime, and earned SPORE over time.
+
+### Step 3: Iterate on Hardware & Pricing
+
+- Improve power efficiency to increase net returns.  
+- Consider upgrading to **Edge Compute** or **Edge AI** nodes for higher‑value workloads.  
+- Stay informed about any bidding / pricing mechanisms offered by the platform.
+
+---
+
+## Common Questions
+
+<details>
+<summary><strong>When will I start earning SPORE?</strong></summary>
+
+As soon as your node is online and offering capacity, you become eligible. Initial earnings typically appear within **24–48 hours** as the system starts assigning workloads.
+
+</details>
+
+<details>
+<summary><strong>Can I lose money hosting?</strong></summary>
+
+Hosting involves hardware and power costs. Profitability depends on utilization and SPORE value. However, baseline rewards and long‑term grid usage are designed to make serious, reliable hosters viable over time.
+
+</details>
+
+<details>
+<summary><strong>What if SPORE price changes after 2026?</strong></summary>
+
+After June 2026 the price becomes market‑driven. The burn mechanism and adoption are designed to support value, but token prices can still be volatile. Plan with a long‑term perspective and avoid over‑leveraging.
+
+</details>
+
+<details>
+<summary><strong>How often do I get paid?</strong></summary>
+
+SPORE accrues continuously and can be checked any time in your dashboards and wallets. There’s no manual payout process.
+
+</details>
+
+---
+
+## Additional Resources
+
+- **Community Forum** – [forum.threefold.io](https://forum.threefold.io)  
+- **Farming / Hosting Manual** – [manual.grid.tf/farmers/intro](https://manual.grid.tf/farmers/intro)  
+- **Community Chat** – [t.me/threefold/1](https://t.me/threefold/1)
+
+---
+
+:::tip Ready to Start Earning?
+If you haven’t already, finish the **[Setup Guide](/hosters/setup)** and make sure your node is online. From there, SPORE rewards start accumulating automatically as the network uses your capacity.
+:::