Fast Growing Crypto Cloud Mining Project Nears $1 Million In Presale – Bitcoin Minetrix ICO
With the crypto market now in the fourth financial quarter – which has traditionally been its most successful period – talks about the next crypto bull market are gathering steam.
As investors wait for the highly-anticipated “Uptober” rally, a new cryptocurrency – Bitcoin Minetrix – is generating tremendous hype and excitement in its token ICO, having already raised $815,000 in just over a week.
Bitcoin Minetrix is a decentralized cloud mining platform that offers a fresh avenue for everyday investors to earn passive BTC mining rewards, without having to compete with giant corporations.
With the next Bitcoin halving scheduled for April 2024, BTC Minetrix could emerge as a vital resource for retail investors seeking to tap into the profitability of the mining sector – a market they’ve been largely excluded from over the past decade.
It is therefore no wonder that everyone from deep-pocketed whales to popular crypto YouTubers are purchasing the token in the presale itself, citing its enormous price potential.
How Bitcoin Minetrix Is Set To Revolutionize The Mining Industry?
In Bitcoin’s early days, mining was one of the most-efficient ways to accumulate BTC – ordinary investors, with nothing but a CPU, were able to mine thousands of tokens.
For example, while the story of Laszlo Hanyecz – a man who exchanged 10,000 BTC for two large pizzas – is now a part of the Bitcoin folklore, what many people miss out on is that Hanyecz likely mined all those tokens himself. After all, he was one of the first people to recognize that a Graphics Processing Unit was much more suitable for the mining process than a regular CPU.
However, the invention of Application-Specific Integrated Circuits (ASICs) in 2013 led to a seismic shift in the industry. ASICs were the first hardware equipment designed specifically for BTC mining and offered billions of times more hashing power than a CPU.
More importantly, wealthy corporations – recognizing the profitability of the sector – started to set up extensive mining farms which consisted of thousands of ASICs. The biggest companies often tend to combine their hashing power to form mining pools. Currently, the two largest mining pools – Foundry and Antpool – own 50% of the Bitcoin global hash rate.
Simply put, the story of Laszlo Hanyecz mining 10,000 BTC tokens would not be possible in today’s day and age. Depending upon the geographical location, a solo miner may need to pay anywhere from $40,000 to $200,000 to mine 1 BTC. On the other hand, companies like Riot Platforms are mining thousands of BTC in a single financial quarter alone.
The Bitcoin Minetrix project is looking to challenge this monopoly – its stake-to-mine mechanism allows investors to earn BTC mining rewards by simply purchasing and staking $BTCMTX tokens. The project’s motto perfectly encapsulates its mission – “Bitcoin Minetrix mines Bitcoin, so that you don’t have to”.
Investors staking the tokens receive ERC-20 mining credits, which they can burn for cloud mining time or a percentage of the yield, both of which will lead to lucrative BTC rewards without running an actual mining operation.
The Advantages of Bitcoin Minetrix’s Decentralized Cloud Mining
With the invention of ASIC, it became quite clear that everyday investors cannot compete with giant mining corporations, which led to the idea of cloud mining – allowing investors to rent a portion of the hashing power, without requiring any technical expertise or any hefty capital investment.
However, the cloud mining sector soon became rife with scams – platforms like Fancy Crypto, Happy Miner and IDMining, all set up legitimate-looking websites, only to run away with investors’ funds.
To tackle this persistent challenge, Bitcoin Minetrix has adopted a decentralized and tokenized version of cloud mining – the project’s stake-to-mine dashboard offers complete transparency and control to investors, who can choose to unstake and sell their tokens at any time.
This approach also eliminates the long-term, cash-based contracts forced onto the clients by other legacy cloud mining platforms.
The Bitcoin Minetrix smart contract has also been audited by Coinsult, which revealed no vulnerabilities or centralization risks.
High Staking Rewards, Community-Centric Tokenomics Could Make $BTCMTX the Next 10x Token
As already mentioned, Bitcoin Minetrix’s cloud mining platform could emerge as one of the best avenues for retail investors to generate passive BTC rewards – the project has already allocated 42.5% of the token supply to build this operation.
However, 7.5% of the tokens have also been reserved for offering staking rewards, even before the stake-to-mine application is launched. The $BTCMTX staking pool is currently offering an APY of over 700%, with over 55 million tokens already staked in.
An additional 15% of the tokens have been allocated towards cool community rewards, a strategy that could prove useful in boosting user adoption. The remaining 35% of the $BTCMTX token supply has been allocated towards the project’s marketing efforts.
The project has also announced a $30,000 “Minedrop”, in which 10 lucky contestants will win $3000 each.
Thanks to such sound tokenomics, along with its unique value proposition, Bitcoin Minetrix has caught the attention of several smart money traders. The admin of the Crypto Whale Pumps group on Telegram – who has over 25k subscribers – recently made a sizable investment into the token, while also calling it a “winner”.
Famous YouTubers such as Crypto Gains and Michael Wrubel are also bullish on the token. Another popular trader Jacob Bury believes that the Bitcoin Minetrix token has the potential to display a 10x bull rally after its launch.
Investors looking to capitalize on this potentially explosive price action could head to the presale at bitcoinminetrix.com and purchase the token through bank cards or by swapping ETH, BNB or USDT.
Visit Bitcoin Minetrix Presale
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Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
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Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet.
