# First 256

Based on data, a single Antminer S21 (200 Th) miner produces $3.55 in daily profit ***after power costs*** with Bitcoin at **$88,753.50** and a network difficulty of **101.65 T** (As of 11/13/24) 

Therefore, the 28 miners we purchased and operate for our holders yield:

* \~ $99.40 USD Daily
* \~ $2,982.00 USD Monthly
* \~ $35,784.00 USD Annually

Revenue distribution (based on numbers above):

* 70% to NFT stakers | \~$25,048.80 Annually
* 10% for future growth (voted on by NFT holders) | \~ $3,578.40 Annually
* 20% for maintenance and upkeep | \~ $7,156.80 Annually

This means that each of our "First 256" staked BMS NFTs would return:

## Phase 1 mint breakdown of distributional rewards

During Phase 1 we minted a total of 256 NFTs. 

* 131 Bronze BMS NFTs at a 1x reward
  * Those who minted the first 256 BMS NFTs were also airdropped BMS Lifestime Access Passes which can also be staked to earn a 1x reward. There will only ever be 66 of these passes available. These passes will be able to be staked on any/all future BMS mining projects and act as a 1x reward for each of them. 
* 71 Silver BMS NFTs at a 2x reward
* 54 Gold BMS NFTs at a 3x reward

When determining the distributional rewards we take the number of NFTs and multiply them by their multiplier and then add those numbers together. See example below:

* (131 Bronze + 66 LAP) x 1 = 197
* 71 Silver x 2 = 142
* 54 Gold x 3 = 162
* 197 + 142 + 162 = 501 total distributional rewards available

To get the value of each Bronze BMS NFT we will take the approximate reward bucket and divide that by the 435 available distributional rewards. (i.e. $25,048.80/435 = $50.00)

* Bronze & BMS LAP 1x rewards = \~$50.00 USD or 88.75 $ADA per Bronze NFT
  * Bronze BMS NFT's can be increased from a 1x staking multiplier up to a maximum of a 1.75x multiplier by staking in combination with certain partner NFT's. Please review the Partner Staking Multiplier Spreadsheet here for more info: <https://docs.google.com/spreadsheets/d/11zFCqRP5-OjCf2r9TvcOXEeHGl9VhlfiuEqXsfh96_U/edit?usp=drivesdk>
* Silver 2x reward = \~$100.00 USD or 177.5 $ADA per Silver NFT
* Gold 3x reward = \~$150.00 USD or 266.25 $ADA per Gold NFT

***These numbers are of course estimations and are based off of current market conditions as of 11/13/2024.***&#x20;

There are many factors that could drastically increase these numbers or reduce based on various factors such as:&#x20;

* Price of Bitcoin (Some experts say $BTC will hit $150-200k OR MORE  during this next bullrun! NFA/DYOR)
* These calculations also assume that all 28 BMS NFT's would be staked and earning all year round. Therefor all 3500 distributional rewards would be split between all 2250 V1 NFT's. &#x20;

View network difficulty here: <https://www.coinwarz.com/mining/bitcoin/difficulty-chart>

What is network difficulty and what effect does it have on mining? Read this: <https://education.compassmining.io/education/mining-difficulty-in-bitcoin-and-its-impact-on-miners/#:~:text=Reduced%20Profit%20Margins%3A,reducing%20the%20frequency%20of%20rewards.>

View Antminer S21 (200 Th) miner profitability here: <https://www.asicminervalue.com/miners/bitmain/antminer-s21-200th>

<figure><img src="/files/ircUg0hYRjJxzlv6kC17" alt="" width="375"><figcaption></figcaption></figure>

<figure><img src="/files/MXuSr0Rj3xpTVNRdjEzi" alt=""><figcaption></figcaption></figure>


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