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Bitcoin has continued its positive momentum from last week, while Bitcoin Minetrix, a new cloud mining project, has raised $2.6 million in its presale.
As of now, global cryptocurrency prices have seen a modest rise, pushing the total crypto market value to $1.27 trillion, marking a 0.57% increase.
In the past 24 hours, the price of Bitcoin has risen by 0.79%, reaching $34,447. However, despite a 15% increase over the past week, the total trading volume has dropped by 30.26% within the last 24 hours.
As the Bitcoin halving approaches next year, the largest cryptocurrency in the world is gearing up for a substantial surge in value, with the potential to reclaim its all-time high. Bitcoin mining has historically been a highly profitable income source.
Unfortunately, for most cryptocurrency investors, it has been both technically and financially out of reach. Traditional Bitcoin mining demands an investment in specialized equipment known as ‘miners.’ You are free to invest in such miners and embark on your Bitcoin mining journey.
However, this route involves significant initial expenses, high energy costs, and the need for ongoing maintenance. Bitcoin Minetrix addresses this issue by presenting a unique solution. They introduce the ‘Stake-To-Mine’ model, enabling investors to participate in cloud mining for Bitcoin.
Learn more about the project in this article, which highlights Bitcoin Minetrix’s distinctive features. You can also watch the full Bitcoin Minetrix presale update video below and subscribe to his YouTube channel.
Jacob Crypto Bury also runs a Discord channel with 17,000 members where users can get trading tips and learn about upcoming crypto presales.
Bitcoin Minetrix’s Stake-to-Mine – A Disruptive Approach to Cloud Mining
‘Stake-To-Mine’ introduces a fresh and rather distinctive concept in the cryptocurrency realm, merging elements of both the traditional Proof of Work (PoW) and Proof of Stake (PoS) mechanisms. The fundamental idea behind Stake-To-Mine is to leverage the PoS mechanism to generate earnings through cloud mining.
Investors have the opportunity to stake $BTCMTX tokens and, in return, earn mining credits, which are non-transferable and can be exchanged for cloud-based mining time. The number of mining credits a user accumulates directly corresponds to the amount of Bitcoin mining hash rate they wish to obtain.
All earnings are seamlessly managed through the Bitcoin Minetrix smart contract, ensuring complete transparency throughout the process. Currently, stakers enjoy a remarkable 219% APY return on their $BTCMTX holdings in addition to the mining credits.
At #BitcoinMinetrix, we're democratising mining, ensuring safety, and easy access to the lucrative world of #BTC. 🛡️💰
With cloud mining and staking, we put the control over the mining journey into the user’s hands. 🌐🔒 pic.twitter.com/p5bDqkysOg
— Bitcoinminetrix (@bitcoinminetrix) October 28, 2023
While it’s anticipated that this impressive APY will gradually decrease as more participants join the staking pool, it will continue to surpass traditional PoS ecosystems by a substantial margin. In essence, Bitcoin Minetrix is revolutionizing the once-exclusive cloud mining sector, which was notorious for various scams.
The tokenization of this process ensures that end-users maintain full control of their assets at every stage. $BTCMTX tokens can be unstaked and traded at any time, providing users with the utmost flexibility and peace of mind.
Bitcoin Minetrix Presale Success Attracts Early Investors Seeking to Enter BTC Mining Solution
The Bitcoin mining industry is expected to reach a value of about $7 billion by 2032, with a strong CAGR of 12.90%, and Bitcoin Minetrix aims to claim its share with its decentralized solution.
Having crossed the significant $2.6 million milestone, the $BTCMTX presale continues to perform well, offering discounted prices in the current presale phase for a limited time. In the fourth presale stage, the token is available at a price of $0.0113, allowing investors to enter the BTC mining solution for less than $1.
By the end of the presale, the price may have increased to $0.0119. The token distribution is designed to benefit investors, with the majority of the 4 billion supply being available to them.
A substantial 70% of the total supply is accessible during the presale phases, giving them significant influence over the project’s future growth. Additionally, 12.5% of the total supply is set aside for staking rewards.
Potential investors can conveniently visit the project’s website to purchase $BTCMTX by exchanging ETH, BNB, or USDT. The minimum investment requirement is $10, and investors also have the option to make purchases using credit or debit cards.
$BTCMTX is set to surpass BTC in the next two to three years, given its low market cap and significant potential for growth. When it comes to token launches, it has the potential to deliver considerably higher returns than BTC. Take a look at our price prediction for Bitcoin Minetrix.
Related
- Bitcoin Price Consolidates Before Targeting $40K As Pro Investors Buy Up $2.5M Of Bitcoin Minetrix
- Bitcoin Price Prediction: BTC Edges Higher But Bitcoin Minetrix Looks Set To Explode
- Bitcoin Price Prediction: As BTC Wobbles, Bitcoin Minetrix Blasts Past $2 Million Raised
- Bitcoin Breaks $35K, Signals Mega Bull Run; Bitcoin Minetrix Surpasses $2M with Potential 2,000x Surge.
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