How Capital Will Flow Through The Quarry
Last updated
Last updated
There is a multi-phase program to bring out node network online, which will be re-used as a guideline for when bringing in more capital to the ecosystem though later stimulus of capital will not be required to go through the exact same process due the system already being operational. This is to allow a return on assigned capital where it may not be possible to fully deploy capital initially.
Phase 0
A 10% cut of funds raised via $MRTR will be used to fund the node network. An equal split of 50:50 will go into either $BTC mining or $ETH validation work.
Phase I
Reputable liquid staked tokens for $ETH i.e. $rETH and $stETH will be acquired to be held, while an equivalent proportion of hash power will be rented from a pool provider i.e. NiceHash.
Phase II
$ETH validator hardware is not arduous to bring online, in comparison to $BTC miners. Given this, hardware will be assigned where it will then be funded with 32 $ETH from cashed out positions of our staked $rETH / $stETH and solo validation will begin. Remaining staked $rETH / $stETH can be left until enough resources are available to bring a new $ETH PoS validator online. $ETH validation is at its final stage in our node system long before the $BTC mining due the additionally complexities of PoW against PoS.
Phase III
After Bricklayer has secured the $BTC miners, along with installing them onto a Bricklayer maintained site, the hash power that has been rented will no longer be purchased, while simultaneously our Bricklayer minerโs hash power will be directed towards the pooled service.
Phase IV
Given the competitiveness of PoW mining, it will require a significant hash rate to be able to set up a dedicated pool which would be sustainable. Until Bricklayerโs miners will be pointed towards publicly verifiable pools until the threshold of required hash rate has been met, to which for the prioritisation of network decentralisation, our own dedicated pool will be created. There still be may be a split of publicly and privately pooled hash rate depending on the physical attributes of our miners globally.
Phase V
Our rewards wallets will be filled from all the economic activity done throughout these processes. The proxy of value will be collected directly into $BRCK via our $Q_{\text{Rewards}}$ parameter.
Phase VI
A key element of our value proposition is that our real world rental yields will be used, proportionally, to boost a virtual assets via our node network. Each quarter capital will be injected through this system, were value will be accrued specifically in our rewards pool $Q_{R}$ .
Phase VII
A fully operational network will be in a position to be optimised according to needs of the treasury such as taking out capital, optimising a different split between $BTC & $ETH etc. This capital would be returned through the flow of capital in the most efficient way. This would be a likely example of where $BRCK release & redeem functionally was paused, to avoid malicious arbitrage.