New Ethereum-Based ICO Cloud Mining Project Reviews by Hack Crypto

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In one of his YouTube videos, Hack Crypto tips that Bitcoin Minetrix is a good idea that could change the cloud mining industry by letting users keep their own assets.

In the past week, the crypto markets did really well. Big cryptocurrencies like Ethereum, Solana, and Cardano went up a lot. Bitcoin led the way, going over $36,000, the highest it’s been since September. Ethereum also reached new highs.

Now, people are starting to notice a new project called Bitcoin Minetrix. It’s an ERC-20 token that’s getting popular because of its unique “stake-to-mine” idea.

Bitcoin Minetrix: The future of bitcoin mining has raised over $3.7 million in presale

If you’re interested in Bitcoin mining or not, this project is worth investing in because of its potential impact on the market. Bitcoin Minetrix has already raised over $3.7 million, and its presale is getting a lot of attention.

This is a rare opportunity to buy a revolutionary cryptocurrency at the start of its journey. Bitcoin Minetrix is a new project that lets people mine Bitcoin by staking $BTCMTX tokens on its Ethereum-based platform.

This makes Bitcoin mining accessible to everyone, no matter your experience or if you have the right equipment or money to start. All you need is a MetaMask wallet and $BTCMTX tokens.

This means Bitcoin Minetrix could be used by a lot of people, especially with the upcoming Bitcoin halving and the expected increase in Bitcoin’s price. The platform works by people staking $BTCMTX tokens in return for Bitcoin mining credits.

Stakers can earn over 150% APY in rewards, paid as extra tokens to boost their future mining power. They can then use these credits on the platform to buy cloud mining power, which earns them free BTC. This smart model makes Bitcoin mining easier and more accessible to everyone.

It also creates a lot of demand for the token while reducing the amount of selling pressure through staking and paying rewards in credits, not the original token. While the platform is not yet available, investors can buy the $BTCMTX token early at a discounted presale price of $0.0115.

It is currently in stage six of ten, with the next stage starting in just one day. The price will go up by 10% each round, so those who want the most potential upside should act quickly. Take a look at our price prediction for Bitcoin Minetrix.

Cloud mining history and challenges recalled by Crypto Hack

In 2017, during the cloud mining craze, scammers took advantage of the popularity of cloud mining to deceive people. They enticed individuals into sending money to suspicious addresses by promising substantial mining profits.

To maintain an illusion of legitimacy, they even displayed live videos of mining warehouses. However, these live videos were often just repeated clips intended to trick people into believing they were investing in a legitimate operation.

Despite the prevalence of scams, cloud mining has gained widespread popularity due to its ease of use and lack of technical expertise requirements. However, traditional cloud mining was not without its drawbacks.

Scams were rampant, there was no control over the cryptocurrencies to be mined, and profits were eroded by fees and operational costs. Additionally, market fluctuations had a significant impact on earnings, causing them to fluctuate wildly.

Some of the most notorious cloud mining scams included Fancy Crypto, Happy Miner, IDMining, USDminer, Muxminer, and NFT Pro X. These scams engaged in unethical practices, leaving investors with financial losses.

How Bitcoin Minetrix works as per Crypto Hack

Bitcoin Minetrix (BTCMTX) revolutionizes the cloud mining landscape by introducing an innovative approach that integrates staking, tokenization, and self-custody to deliver a transparent and secure experience. This is the step-by-step process of how Bitcoin Minetrix operates:

Buy $BTCMTX tokens

Connect your crypto wallet.
Use the presale widget at the top of the page.
Choose from ETH, BNB, USDT, or bank card for payment.
Ensure you have enough ETH or BNB to cover transaction fees.

Stake $BTCMTX tokens

Select the “Buy & Stake” option to start staking immediately.
Earn more $BTCMTX tokens through staking.
Stake-to-Mine for mining credits will be available after the app launch.

Earn BTC through cloud mining

Your staked $BTCMTX will generate mining credits over time.
Burn mining credits to purchase Bitcoin cloud mining power.
The more credits you burn, the more BTC you’ll earn through cloud mining.

Unlike conventional cloud mining operations where users give up control of their funds to external entities, Bitcoin Minetrix prioritizes user custody throughout the entire process. Users retain control over their crypto assets at every stage, ensuring transparency and security.

For more information, see our guide to the best staking platforms here.

Bitcoin Minetrix: Revitalizing cloud mining with transparency, security, and user empowerment

Bitcoin Minetrix maintains transparency by meticulously recording all operations on the Ethereum blockchain. This open-ledger approach allows users to verify the authenticity of transactions and confidently withdraw mined BTC to their personal wallets, maintaining complete ownership of their assets.

Highlighting the distinctions between #BitcoinMinetrix and Standard Cloud Mining.⚒️💰

1️⃣By leveraging ERC-20 #Tokens, transactions become obsolete.

2️⃣Miners control capacity via staked points.

3️⃣On #Ethereum, intelligent contracts streamline security and decentralised staking. pic.twitter.com/Wvcxz8Xqgd

— Bitcoinminetrix (@bitcoinminetrix) November 9, 2023

This unwavering commitment to self-custody distinguishes Bitcoin Minetrix from traditional cloud mining platforms, empowering users to take charge of their digital assets. At its core, Bitcoin Minetrix aims to revitalize the cloud mining landscape, which has long been plagued by fraud and a lack of transparency.

The project leverages the strengths of Ethereum’s blockchain technology, combining the merits of proof of work and proof of stake to create a cloud mining experience that is both user-friendly and secure.

By aligning the interests of all parties involved, Bitcoin Minetrix strives to establish a reliable and transparent cloud mining solution that fosters trust and empowers users.

To take part in the $BTCMTX presale, visit bitcoinminetrix.com.