The Bitcoin Minetrix presale has surged past the $500,000 milestone to the pleasant surprise of the community. Over the last few days, the project has been gaining momentum among Bitcoin investors for its novel stake-to-mine mechanism.
Bitcoin Minetrix offers users the unique opportunity to earn mining rewards without any initial investment or technical know-how.
Investors Have Their Eyes on Bitcoin Minetrix
As Bitcoin continues to grapple with bearish forces, Bitcoin Minetrix is emerging as an excellent alternative. Bitcoin’s sluggish movement has shattered the predictions that the coin would reach $50,000 by the end of the year.
Bitcoin should have breached the $30,000 mark by now to make the prediction possible. That could not happen. Long-term BTC investors are disheartened by the lackluster performance of BTC, actively seeking greener pastures.
Bitcoin Minetrix is a new 2.0 cryptocurrency that aims to democratize Bitcoin mining.
Although Bitcoin mining is highly rewarding, it requires substantial equipment, time, and expertise. Bitcoin Minetrix, on the other hand, opens up the sector to a wider audience through its robust stake-to-mine ecosystem.
As a tokenized cloud mining platform, Bitcoin Minetrix brings retail investors on board. They can join the platform with budget-friendly investments in $BTCMTX tokens and start earning mining rewards with absolutely no technical expertise.
The presale momentum suggests that Bitcoin Minetrix is the next big Bitcoin derivative. It could follow the price trajectory of Bitcoin Cash in upcoming months, giving generous returns to early investors.
Simple and cost-efficient
When you’re a part-time, passive investor, the last thing you want to do is monitor your mining hardware every few hours. Although most cloud mining platforms claim to simplify mining for retail investors, they are bulky and inefficient. The fact that they need participants to enter into mining contracts and invest in hardware makes it worse.
Cloud mining is far from passive in the present conditions.
This is where Bitcoin Minetrix enters. The project simplifies cloud mining by allowing truly passive investment. Stake-to-mine, the novel crypto incentivization mechanism introduced by the platform, is both straightforward and cost-effective.
All you need to do to get started with Bitcoin Minetrix is hold $BTCMTX tokens. They are available at a substantial discount during the presale. Once you have bought the token, you can lock it up in the native staking module. However, it is flexible – you can stake and unstake your tokens anytime you want.
VISIT $BTCMTX WEBSITE
And if you feel like it, you can also sell them on public exchanges for the market price. That gives a strong competitive edge to the project against traditional cloud mining platforms, where the initial capital investment is hardware.
The staking APY on Bitcoin Minetrix stands at 1224% at the time of writing.
In the first phase, you will be earning more $BTCMTX tokens as staking rewards. Once the stake-to-mine module is launched, the rewards will be paid in non-transferable cloud mining credits.
When you burn them, you will get BTC rewards.
The decision to make these credits non-transferable was to ensure security. Even if someone were to steal your credits, they wouldn’t be able to utilize them. The method discourages theft and hacks.
High market relevance
There has been a surge in cloud mining platforms over the past few years.
Traditional cloud mining platforms need participants to invest in hardware, oversee their mining systems, and commit to mining contracts. Bitcoin Minetrix is a fresh breath of air in the market and offers a swift and efficient alternative.
To begin with, it throws out hardware setup, technical expertise, and ongoing maintenance from the equation. You don’t need to own mining equipment to start earning rewards on the platform. It is designed to be financially and technically accessible to anyone.
Harnessing the resources and technical proficiency of leading mining companies, the project democratizes BTC mining. Here are more reasons why Bitcoin Minetrix outshines other cloud mining platforms.
- No electricity expenses
- No maintenance
- No depreciation of mining hardware
- Not bulky or noisy
Moreover, the platform prioritizes security. In the past, many cloud mining companies have faced allegations of their authenticity and transparency, especially when it comes to entering into any mining contracts or sending money to the company.
Bitcoin Minetrix operates on a decentralized, transparent blockchain smart contract, visible and verifiable by anyone. To establish credibility, it has also undergone a security audit by Coinsult, minimizing the likelihood of security threats and vulnerabilities.
Can $BTCMTX Repeat Bitcoin Bull Run?
It’s too early to say.
Speaking realistically, it is unlikely. Now selling for just $0.011 in the presale, it would take a long time for $BTCMTX to even target $30,000.
Still, $BTCMTX is a more reliable investment than established cryptocurrencies like BTC, ETH, and XRP at this point. It has a low initial market cap and thus substantially higher upside potential than them.
While it is useless to invest in BTC eyeing multifold returns this year, $BTCMTX has the potential to generate 1000% to 1500% within days of going live.
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Source: https://www.thecoinrepublic.com/2023/10/05/bitcoin-minetrix-breaks-past-500k-can-it-repeat-bitcoin-bull-run/