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Blockchain Miners ClubBlockchain Miners Clubby0xA6aE963A928bccA7f427cCe4BD66Cddd54f0fab30xA6aE…fab3

Where do we Allocate April Rewards?

Voting ended over 3 years agoSucceeded

Mining + Secondary Sales for the month of March totaled: 6.42 ETH ($15,716) + 1.07($35,902 -Total earned was 1.62 and 0.55 was for hosting fees) = $51,618.16

[COMMUNITY GROSS YIELD]

  • Secondary sales = 6.42 ETH
  • BTC Yield (BTC) = 1.62 BTC (Less hosting at .55 BTC) = 1.07 BTC

[USD CONVERSION]

  • Eth @ current (5/9/22) USD amount $2,268 = $14,560
  • Btc @ current (5/9/22) USD amount $30,637 = $32,782
  • Total Net USD = $47,342

Although this month produced lower secondary sales and BTC yields (more below), we expect to see a large uptick this month in secondary sales due to the BMC3 roadmap launch. In regards to the BMC yield, BTC mining in April had a slump (we know these things happen)

  1. Mining Difficulty: Though the BTC price has been on a big downturn, BTC mining difficulty still continues to be on the rise to ATH levels. (See Network Difficulty chart attached)
  2. BTC price: We all have been watching the BTC price take a major tumble over the last couple weeks. For context, last month when we voted, BTC price was above $45k (More than a 25% decrease in price).

All that being said, we have created some options that we feel are much different from one another to really allow the community to reach a decision together on how these rewards this month are utilized.

Off-Chain Vote

100% to BTC Miners
907 VOTES53.5%
60% Miners - 20% ETH - 20% BTC
694 VOTES40.9%
BTC -> Miners/ Eth -> Metaverse
82 VOTES4.8%
100% to Distributions
12 VOTES0.7%
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Timeline

May 10, 2022Proposal created
May 10, 2022Proposal vote started
May 12, 2022Proposal vote ended
Oct 26, 2023Proposal updated