OG and Ultra Miners
BMC $BTC Mining Pool #1 (Earth)
The Blockchain Miners Club original mint took place on November 24th, 2021 where 11,111 NFTs were sold for .07 Ethereum (ETH) each. The collection sold out in a little less than 26 hours.
The funds from this mint were used to purchase 100 real-life Bitcoin miners that fund the BMC Community Rewards Wallet (CRW). Though the founders had promised to get the hardware online within 30-45 days of mint, they were able to have all 100 units online in just 7 days.
Holders vote every month on what happens with these funds based on community interest. Our community has primarily focused on buying more $BTC miners to scale out the total amount of $BTC each month.
The artwork was designed by none other than Ed Dinzole (@EDinzole) who is an accomplished artist that has worked with Adult Swim and other notable companies. Ed has provided the incredible artwork that you see across the BMC ecosystem and will continue to be an integral part of the BMC culture.
BMC currently has over 150 $BTC miners that are hosted with our strategic mining partners across North America. The Community Rewards Wallet can be used for anything that the holders decide on together through our monthly vote. Up and until this point, holders have primarily voted to continue using the funds to purchase additional $BTC miners for the fleet. That being said additional use cases for the funds can be voted on, like evenly distributing the rewards amongst holders of the original BMC NFTs (OGs).
The OpenSea collection for BMC OG Miners can be found here.
Ultra Miners: The Burn
After the project kicked off, the BMC team liked the idea of a burn mechanic for the project. What if you could burn two of your OG miners into one Ultra Miner? What would this Ultra Miner do and how is it different from an OG miner?
On January 18th, 2022 BMC allowed for OG holders to take 2 OG Miners and burn them into one Ultra Miner within a two week span of time. Each Ultra Miner accounted for two votes and two parts of the community rewards wallet just like 2 OGs would. The main advantage that Ultra Miners offer is that they generate the BMC ecosystem’s token - $HASH.
$HASH token was originally utilized for a hash power auction. This auction involved 15 additional $BTC miners (not included in the CRW pool) that BMC purchased out of their own funds. These miners were then auctioned every two weeks for $HASH token. The winners of the auction would receive the BTC that was mined by the miner for a two week span of time.
What we know so far is that the $HASH token will fuel the first ever play-to-mine $BTC game that BMC has designed. The future of $HASH has endless possibilities as the key to the gamified mechanics on Mars, WL marketplace, customization, and much more.
The Ultra Miners collection can be found on OpenSea here.
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