BitcoinMYK launched simulated mining rigs that generate daily token rewards without hardware or energy costs. The M1 rig costs 10,000 MYK tokens and yields about 100 per day; the M2 costs 100,000 and yields about 1,000 per day. The team is seeking roughly one million STEEM to expand marketing and bring Bitcoin users to the Steem blockchain.
Welcome back to the channel. I hope you're having a great evening. So we finally did something we wanted to do for a while now, and that is create our simulated mining rigs. And we wanted to add some form of mining to the BitcoinNYK project so that we could kind of have some of those very original aspects of cryptocurrency to the project. However, what has happened over the years in our involvement with cryptocurrency is we've gotten to see that the tremendous amount of waste that has happened with proof-of-work algorithms and mining, big mining rigs and all these equipments, and it's led to many varieties and differences of ways to kind of accomplish a type of consensus without wasting so much energy. And so there are many projects that are experimenting with different ways to do this. And so we're doing a similar thing here. And so we have created what we call our simulated mining rigs. This isn't using physical hardware. There will be no waste of any physical hardware in that way. But what this is hoping to achieve is get to some of the important elements of it and what we're trying to achieve with a type of decentralization and consensus. So let's, let's talk about and see what's going on with this. So Simulated mining rigs use a reward generator based on your activated rig. They come in two series. M1 may be purchased with 10,000 Bitcoin MYK tokens or equivalent to about 5,000 STEEM right now. It mines an average of about 100 Bitcoin MYK tokens per day. Series M2, or what we call the full data center, may be purchased for 100,000 BitcoinNYK tokens or about 50,000 STEEM. Mine an average of 1,000 BitcoinNYK tokens per day. The random reward generator links to your mining rig and pays tokens to your account daily. The winning daily reward goes to the miner rig that is selected. Half of all purchased miner rigs revenue goes back into the token. And to the mining rig, uh, the reward goes that's selected every 24 hours. So the, the rig that wins the reward is paid off in those tokens. Now the amount of that depends on the value of, um, money as well that goes into the purse of the mining rigs. Uh, but there is a rewards pool that pays out each day the winner more tokens than what is average mined, and that rate can change based on the value of the token. right? And how many tokens you can mine per day with the rig. Um, and, um, yeah, we think it's gonna be quite interesting to try this out and, um, and see if you guys, uh, like this. Now what's also very interesting about this, you can come on the website as well, you can earn BitcoinNYK tokens and you can purchase the mining rigs, the simulated mining rigs, with BitcoinNYK tokens. And, uh, that helps to build up our internal ecosystem, and it goes back to some of what we talked about earlier in videos, and that is that the BitcoinNYK token would have a value, uh, set to itself. Now, to understand that, uh, as well, the BitcoinNYK, uh, token, uh, has a value of, of $1 on our site. So that means anything purchased with this token on our site will have the equivalent value of $1. So later, we're gonna— you're gonna be able to advertise on him here and buy a variety of products. Well, you're gonna be able to, uh, use the BitcoinNYK token that you can earn from just participating on the site. You don't have to purchase the token. You know, our, our project is all about proof of participation, and we believe a great deal in the network, uh, in the value of the network and people actually using the network. And so, um, at this point we're all about building up our network and its value and its use. Um, and although money never hurts and it's very important to us, the value of our ecosystem and the proof of participation model is all about generating revenue without having to go out and, you know, basically go up to people and say, hey, please, please buy our token, please buy our token. We believe that if you're a viable product, if you're a good product. You don't have to ask people to buy your token. If you have a good product and a good business, you should be able to sustain without doing that. And so we stand by that, and so far so good. We're gaining people every day. I think we had like 20 people, I think, join today, and that's pretty good because, uh, well, we're not doing a whole lot of marketing, uh, really no marketing at all besides the channel. We haven't really spent a dime in marketing. I don't think we spent one buck in marketing. So I think that's going pretty well for us. But of course, with revenues and funds, we have a proposal going on with the Steem blockchain where we're seeking funding for about a million Steem, just under a million dollars. And if we can get that funding, we could do a great deal with marketing at that point. And that's part of the goal, to bring Bitcoin users to the Steem blockchain. And so that would be fantastic. And so we'll leave a link in the description. Would love for you all to go over there. Part of the Steam community and vote for us. It doesn't cost you anything, but it's of tremendous value to us. So upvote us so we can get the show on the road. We can finally get some real value into the cryptocurrency space with a real product that is data-wise proven to work. And I think we'll all be a lot happier if we do. But that's all I want to say in this video. If you like content like this, don't forget to like, subscribe. If you have any questions about how the miner works, You can contact us on our website, live support, um, on our, um, on our page, and we'll be more than happy to help you as soon as possible. But that's all I gotta say in this video. Until next time, take care.
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