Birthdays, Bears and Of Course.. BMC!
11/29/2022 AMA Summary
Hey there BMC Family!
Hope you all have been well and had a wonderful Holiday if you celebrated it. We are so very thankful for the last year that we’ve been able to spend with you all. We appreciate each and every one of you and are very grateful for what has been accomplished so far as well as what’s to come. This is our first AMA summary after our 1 year Anniversary, so let’s talk about some updates.
BMC VS Bear Market
As everyone is pretty aware of at the moment, market conditions aren’t great and of course we at BMC are taking a cautious approach while ensuring that we continue to monitor what is going on. With the craziness of things like FTX, SBF, and bankruptcies happening all around us, BMC is taking this opportunity to develop plans so that the community and project thrive during this bear market.
We have preferred plans that have been and continue to be developed but rest assured that in the event things don’t go the way we want, we have back up plans set in place to continue to survive the bloody streets that is Crypto and Web3 currently. Every decision thus far and moving forward always puts the community first. BMC is not going anywhere and we will continue to be proactive and plan ahead for the betterment of the community/project.
At this time most Bitcoin mining facilities are facing energy cost being high while BTC cost is low. Mining difficulty is typically updated once every few weeks and are we are continuing to see difficulty remain high and hit all time highs which plays a big factor in the profitability of BTC mining.
Getting Bullish in a Bear Market
With many things that effect the price of BTC, there are upsides to the low price such as hardware. BMC’s standpoint is to make sure every scenario is covered. The silver lining is that we are hearing talks of everyone saying this may be the bottom and we think hardware will never go lower than it has although it continues to trickle down little by little.
The price of mining hardware tends to follow the price of BTC after a few weeks which is looking to start to present a great looking opportunity pretty soon. The holders at BMC will have a big say so on how we proceed and continue to go forward. There are some interesting things we want to bring to light but will wait until we have every little details planned from a legal and logistics standpoint. We’re not completely set on anything at the moment but plans are being put together as we speak.
Bots and Beyond!
Previously we mentioned that we would be making some changes to our discord server and we are very glad to inform everyone that a new Sales/Listings bot is now implemented thanks to Mikomiko! The new channels have been created, sales will show up in general chat as well as include sales from all marketplaces such as OS, Blur, X2Y2, LooksRare, and etc.
Whenever you happen to notice this new change or if you like it then please show some love to Miko in chat!
A1xMeta.Eth’s Question: What’s going on with the 100 miners moved and when will we be able to claim the BTC that our Mars Miners are making?
All 153 miners are up and running in the new facility. As of November 5th, 90 miners were running then the remaining were up and running a few days afterwards.
The functionality of claiming BTC will be a top priority. We don’t have a time frame just yet but as far as the continued development of Mars, that will be one of the first which is to let holders withdraw their bitcoin and not just look at a balance on their screen.
Akitiae’s Question: Any news about when the claim for miners for those hashdroids purchased off OS after the game launched is going to be sorted out so those of us who have purchased droids since can get them working?
Those updates are being worked on as of right now and we should have an update probably by tomorrow. We'll get an announcement up just so you guys are aware what's going on with that and how you guys can resume that.
MMM's Question: Is “big news” still a thing? Or given market conditions has this died off?
So it is still very much a thing. The big reason that we are building out so many different potential scenarios or potential for BMC is because we are trying to continue on with these conversations and the potential big news we'd have with potential partnerships or anything else that we can't really get granular with quite yet.
Those conversations are still very relevant and very real. The biggest one that we’re the most excited about is very adamant that they want to see BMC pull through this bear market. We're still talking about that and that's shaping a lot of the paths we're making out here.
Great first year team congrats