Experts Predict This New Stake-to-Mine Crypto Could 10x at Launch - The Future of Cloud Mining?

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Bitcoin’s recent surge and Bitcoin BSC’s success suggest that there is strong demand for new and innovative Bitcoin projects. Could Bitcoin Minetrix be the next big thing?

Bitcoin (BTC) briefly surged beyond the $28,200 resistance level on Monday but couldn’t maintain its upward momentum. Meanwhile, Bitcoin BSC (BTCBSC), a recent addition to the “Bitcoin clones” category, debuted on PancakeSwap, starting at $0.99, and is now the #1 hot pair on DEXTools.

And now, another altcoin, Bitcoin Minetrix, with its innovative approach to cloud mining and growing interest in the crypto community, is certainly a contender for the spotlight.

New BTC alternative Bitcoin Minetrix already raised over $500,000

The Bitcoin Minetrix presale quickly raised more than $580,000 as investors supported its mission to disrupt the Bitcoin mining industry just ahead of the upcoming BTC halving. A recently introduced staking coin with significant potential is creating a buzz in the crypto community.

Bitcoin Minetrix, a cloud mining platform that operates in a decentralized manner, recently initiated a presale for its own $BTCMTX token. They’ve introduced Stake-to-Mine as a new approach to achieve this. By depositing your $BTCMTX tokens into the staking pool smart contract, you, as a staker, accumulate credits.

These mining credits can then be utilized to gain a share of Bitcoin Minetrix’s mining operations. Additionally, $BTCMTX stakers not only receive a yield in the form of cloud mining credits but also in the form of tokens distributed by the protocol for community rewards.

Bitcoin Minetrix offers two ways to earn passive income. First, you can stake $BTCMTX tokens to earn an annual percentage yield of 1106%. Second, you can earn $BTCMTX tokens for every ETH block produced, 158.5 $BTCMTX tokens are granted. So far, over 37 million $BTCMTX have been staked.

Bitcoin Minetrix has revealed a $30,000 Minedrop giveaway, aimed at attracting additional buyers. You can participate through six entry routes, and all the specifics for entering this Gleam-hosted giveaway are accessible on the Bitcoin Minetrix website.

🎉 #BitcoinMinetrix $30,000 Minedrop Is Now Live! 🎉

Get ready for your chance to win a share of $30,000 in $BTCMTX!

Follow the steps in the link below for the chance to win one of ten $3,000 $BTCMTX Prizes! 💰
➡️ https://t.co/v1UKskxi4Y pic.twitter.com/nseOBTNO9N

— Bitcoinminetrix (@bitcoinminetrix) October 5, 2023

Prepare for the halving bull run with Bitcoin Minetrix

Tokenizing Bitcoin mining makes it more efficient and secure, and gives regular people a way to earn Bitcoin mining profits, especially as the market prepares for the next halving. The halving happens every four years and reduces the block reward from 6.25 to 3.125 BTC per block.

This alteration is a fundamental aspect of the Bitcoin protocol, impacting how new coins are introduced. Initially, the decreased rewards might seem unfavorable for Bitcoin miners; however, the reduction in available coins in the market tends to drive prices higher.

Consequently, despite the decline in the number of newly minted or earned coins, the value of each coin experiences an upswing. This pattern has been observed in all prior mining cycles and is anticipated to repeat as the halving event approaches on April 25, 2024.

Bitcoin Minetrix, by aligning with the economic dynamics of Bitcoin mining, offers exposure to potential upside while mitigating capital risks. It stands as one of the optimal methods to capitalize on the investment theme surrounding the halving.

If you’re looking for other investment opportunities, check out our list of the top crypto ICO’s to consider.

Decentralized bitcoin mining solution defies fraud

Numerous cloud-mining services exist, but none embrace a fully decentralized model. The persistent risk is mining’s growing centralization, primarily controlled by a few entities or concentrated in specific regions, as seen in China’s central role.

This centralization presents a security risk, potentially leading to a 51% attack where a single entity commands the majority of hash power, introducing a central vulnerability that undermines the network’s ability to resist censorship.

Bitcoin Minetrix disrupts the Bitcoin mining sector by advancing decentralization, thereby enhancing network resilience and security. The standout aspect of BTC Minetrix is its effective tokenization of cloud mining, offering various advantages over competitors.

Bitcoin Minetrix ensures security against fraud by utilizing on-chain smart contracts, eliminating the necessity for traditional financial transactions. Additionally, it’s important to note that Coinsult, in a comprehensive audit, confirmed the integrity of Bitcoin Minetrix’s smart contract without significant issues.

Automated smart contract functions simplify fund withdrawals and credit accumulation, empowering individual stakeholders to determine their mining involvement and timing. Bitcoin Minetrix simplifies and streamlines the mining process.

You’re relieved from the need to understand complexities like difficulty calculations or software updates for your client. Moreover, significant upfront costs and the typical risk of losses associated with business ventures are minimized.

Bitcoin Minetrix: Analysts predict the future of cloud mining

Crypto analysts express a positive outlook on Bitcoin Minetrix, a promising cryptocurrency poised to revolutionize the industry and bring advantages to regular individuals. They particularly appreciate its affordability, simplicity, and potential for generating passive income.

The YouTube channel Crypto Gains, boasting 108,000 followers, is excited about how this new cryptocurrency can genuinely disrupt the industry, benefiting the average individual—a fundamental aspect of what the crypto movement represents.

Austin Hilton, a seasoned cryptocurrency expert, regards Bitcoin Minetrix as a valuable discovery, specifically due to its competitive value propositions discussed earlier. He goes further, labeling it the “ultimate altcoin of the moment.”

Hilton shares that he explored cryptocurrency mining but found it too expensive until Bitcoin Minetrix came into play. Conor Kenny, a crypto influencer on YouTube with a substantial following of 165,000, strongly endorses Bitcoin Minetrix.

Crypto ZEUS and British presale analyst Jacob Crypto Bury both foresee a 10x potential in $BTCMTX. At the same time, Zach Humphries and Michael Wrubel praise the project for its innovative strategy in Bitcoin mining.

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