The CyberChurch has long been concerned about the steady depletion of The Treasury due to the constant devaluation of portfolio projects. Unless their economic models are corrected, The Church has no reason to expect a turnaround in the situation. The only thing within Nobody’s power to change is to diversify the portfolio.
Church’s Deal-Making Desk has delivered a new partnership that promises to partly tackle this problem. A devoted fan has lent the Church new “Whatsminer M50” equipment. As a result, The CyberChurch proudly announces its venture into Bitcoin block mining.
Genegated on the prompt: “CyberChurch welcomes and blesses the dominant network”
Mining on the new network is intended to accomplish several tasks:
- Provide an extra source to replenish the Treasury,
- Diversify the Treasury, reducing its volatility,
- An additional benchmark for comparing the state of affairs in other networks,
- Publicly demonstrate the Church’s mutually beneficial partnership with its community.
- The gear was entrusted to The Church by a fan in exchange for a commitment to regularly share updates on miner’s performance and economic reports.
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“We don’t need any additional promotion from the Church. Let the stats do the talking,” the equipment provider chimed in. “We have absolute confidence that all partnership participants — us, The Holy CyberChurch, and all its fans — will, willingly or not, benefit from this event. For us, it’s more of an open challenge competing with younger projects and networks. Let time and Nobody be our judge.”
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“That’s an interesting view,” added Mister Cheshire, a “Money Mover” Apostle of The Church. “If I were on the side of a web3 startup, a key metric of my work’s quality would be performance relative to the dominant network in the industry. If you can’t surpass Bitcoin in terms of profitability, then what’s the point?”
It’ll take time to compute the actual contribution of this venture to the Church’s activities and evaluate the economic viability of investing additional resources. Yet, the results of the first week of operation in the new network are encouraging: the equipment generates ~0.00028 BTC per day, outstripping other portfolio projects’ metrics (the market price of the donated equipment is roughly 2,000 USD).
ESG disclaimer: The operation of this equipment uses an energy source that leaves no carbon footprint.
