My main goal has always been to start a small project that's tight knit with simple to understand utility. One of our OG members and newly joined team members dm'ed me with the idea of a mining op.. My gears immediately started spinning..
Our mint has somewhat stalled and most would say it's a bear market, people aren't spending etc. but I disagree.. The whales and OG's know now is the time to #buythedip! I believe our royalty pool payout isn't enough utility. I'm a career salesman and a sale is made when value exceeds price, plain and simple!
We we're also somewhat "missing a piece" to transition into phase two. I have had the idea of expanding the royalty pool with future phases but short of a bigger collection we lacked some form of physical growth which imo equates to $$$ or lack there of!? The mining op is the missing piece to the puzzle we needed!
We can uphold the current roadmap to sellout and invest the remainder of the minting funds into our first mining rig! I figure we are an Ethereum base project.. you spend eth to mint and you receive eth from the royalty pool payout so we might as well mine eth!?
Phase two will be a collection of 4,420 (4 something lol tbd) and we can set milestones to purchase additional rigs through that mint! I realistically think we could have 5-10 rigs running by the end of phase two!? Obviously there's variables like price of eth and price per rig we spend. The short of mining rigs is the more you spend per rig the faster you recoup your initial investment but we'll cross that bridge when we get there!
I'm excited to grow and build this pivotal part of the project with everyone! In the words of 420King, it's essentially crowd funding!? Spread the word and lets get to minting while eth is super cheap! Wouldn't it be awesome if we were sitting on our mining rig eth just waiting for it to get higher and higher!? Not to mention eth 2.0 on its way.. Now is the time for us to make it happen cap'n! LFG!!!
With a 12 GPU rig we can achieve pretty good hashrates!?
By the end of phase two mint we can have 5-10 rigs running and our very own 420 Budz mining farm!