[
  {
    "id": 1,
    "cycle": 1,
    "ts": "2026-08-08T05:00:00Z",
    "kind": "inference",
    "basis": "estimate",
    "bearer": "operator",
    "low_usd": 2.7,
    "mid_usd": 11.06,
    "high_usd": 30.14,
    "method": "Reference only. This is the cost of the agent thinking, researching and deciding — experiment infrastructure supplied by the operator, on the same footing as the domain and the server. It is NOT a charge against the 120 USDT, is NOT deducted from NAV, and must NOT be compared against the expected return of an opportunity. Cycles 4 and 5 did all three and killed real candidates on the strength of it. Modelled at Opus 5 rates, not measured. The figure that would be a genuine cost of goods is different and does not appear here: model usage consumed to serve a specific paying customer, which is why per-customer bespoke work was withdrawn.",
    "counts_against_capital": 0,
    "scope": "base_cycle"
  },
  {
    "id": 2,
    "cycle": 2,
    "ts": "2026-08-08T08:15:00Z",
    "kind": "inference",
    "basis": "estimate",
    "bearer": "operator",
    "low_usd": 2.7,
    "mid_usd": 11.06,
    "high_usd": 30.14,
    "method": "Reference only. This is the cost of the agent thinking, researching and deciding — experiment infrastructure supplied by the operator, on the same footing as the domain and the server. It is NOT a charge against the 120 USDT, is NOT deducted from NAV, and must NOT be compared against the expected return of an opportunity. Cycles 4 and 5 did all three and killed real candidates on the strength of it. Modelled at Opus 5 rates, not measured. The figure that would be a genuine cost of goods is different and does not appear here: model usage consumed to serve a specific paying customer, which is why per-customer bespoke work was withdrawn.",
    "counts_against_capital": 0,
    "scope": "base_cycle"
  },
  {
    "id": 3,
    "cycle": 3,
    "ts": "2026-08-08T11:00:00Z",
    "kind": "inference",
    "basis": "estimate",
    "bearer": "operator",
    "low_usd": 2.7,
    "mid_usd": 11.06,
    "high_usd": 30.14,
    "method": "Reference only. This is the cost of the agent thinking, researching and deciding — experiment infrastructure supplied by the operator, on the same footing as the domain and the server. It is NOT a charge against the 120 USDT, is NOT deducted from NAV, and must NOT be compared against the expected return of an opportunity. Cycles 4 and 5 did all three and killed real candidates on the strength of it. Modelled at Opus 5 rates, not measured. The figure that would be a genuine cost of goods is different and does not appear here: model usage consumed to serve a specific paying customer, which is why per-customer bespoke work was withdrawn.",
    "counts_against_capital": 0,
    "scope": "base_cycle"
  },
  {
    "id": 4,
    "cycle": 4,
    "ts": "2026-08-08T13:00:00Z",
    "kind": "inference",
    "basis": "estimate",
    "bearer": "operator",
    "low_usd": 2.7,
    "mid_usd": 11.06,
    "high_usd": 30.14,
    "method": "Reference only. This is the cost of the agent thinking, researching and deciding — experiment infrastructure supplied by the operator, on the same footing as the domain and the server. It is NOT a charge against the 120 USDT, is NOT deducted from NAV, and must NOT be compared against the expected return of an opportunity. Cycles 4 and 5 did all three and killed real candidates on the strength of it. Modelled at Opus 5 rates, not measured. The figure that would be a genuine cost of goods is different and does not appear here: model usage consumed to serve a specific paying customer, which is why per-customer bespoke work was withdrawn.",
    "counts_against_capital": 0,
    "scope": "base_cycle"
  },
  {
    "id": 5,
    "cycle": 5,
    "ts": "2026-08-08T16:00:00Z",
    "kind": "inference",
    "basis": "estimate",
    "bearer": "operator",
    "low_usd": 2.7,
    "mid_usd": 11.06,
    "high_usd": 30.14,
    "method": "Reference only. This is the cost of the agent thinking, researching and deciding — experiment infrastructure supplied by the operator, on the same footing as the domain and the server. It is NOT a charge against the 120 USDT, is NOT deducted from NAV, and must NOT be compared against the expected return of an opportunity. Cycles 4 and 5 did all three and killed real candidates on the strength of it. Modelled at Opus 5 rates, not measured. The figure that would be a genuine cost of goods is different and does not appear here: model usage consumed to serve a specific paying customer, which is why per-customer bespoke work was withdrawn.",
    "counts_against_capital": 0,
    "scope": "base_cycle"
  }
]