{"id":446329,"date":"2023-10-09T13:01:21","date_gmt":"2023-10-09T13:01:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=446329"},"modified":"2023-10-09T13:01:21","modified_gmt":"2023-10-09T13:01:21","slug":"minelab-token-explodes-12000-then-falls-could-it-be-scam-coin-is-this-other-cloud-mining-project-safer","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/minelab-token-explodes-12000-then-falls-could-it-be-scam-coin-is-this-other-cloud-mining-project-safer","title":{"rendered":"MineLab Token Explodes 12,000% then Falls &#8211; Could It Be Scam Coin, Is This Other Cloud Mining Project Safer?"},"content":{"rendered":"<p>MineLab, created using Laravel, is a new cryptocurrency mining platform that provides an opportunity to establish your own cloud-based cryptocurrency mining website.<\/p>\n<p>According to its developers, the platform offers a cloud mining platform where users can earn profits, all while following the guidelines laid out by the admin.<\/p>\n<p><span style=\"font-weight: 400;\">MineLab has garnered significant interest from buyers and traders, experiencing a surge of over 12,000% within hours of its launch.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The token has emerged as one of the hot pairs of the day on Dextools.io, with a trading price of $0.0008344 as of 6:59 a.m. EST, reflecting a 12,390.56% increase in the past 24 hours.<\/span><\/p>\n<figure id=\"attachment_446354\" aria-describedby=\"caption-attachment-446354\" style=\"width: 1600px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-446354\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-09-at-15.15.05.jpeg\" alt=\"MineLab token\" width=\"1600\" height=\"747\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-09-at-15.15.05.jpeg 1600w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-09-at-15.15.05-300x140.jpeg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-09-at-15.15.05-1024x478.jpeg 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-09-at-15.15.05-768x359.jpeg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-09-at-15.15.05-1536x717.jpeg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\"><figcaption id=\"caption-attachment-446354\" class=\"wp-caption-text\">Minelab\/USD. Source: Dextools.io<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">MineLab holds a total market cap of $860.71k with $269.89k in liquidity. Additionally, it has a total supply of 1 billion tokens, which 407 holders currently hold, and a daily trading volume of $366.97k.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After gradually ascending, the MineLab token&rsquo;s price corrected to $0.0002240. Subsequently, the price surged past its initial resistance point, reaching a new level at $0.0008681.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the price has now sharply dropped, erasing all the profits gained by the buyers as it returned to its launch price of $0.00001111.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Could Minelab Be a Scam Coin?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">DEXTools has issued an audit alert for the MineLab token, warning of a potential scam coin. The coin includes a Balance Modifier function, as highlighted in the DEXTools audit scan section, which mentions GoPlus and Hapi.&nbsp;<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-446365\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/audic-alert.png\" alt=\"MINELAB AUDIT ALERT\" width=\"1216\" height=\"885\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/audic-alert.png 1216w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/audic-alert-300x218.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/audic-alert-1024x745.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/audic-alert-768x559.png 768w\" sizes=\"(max-width: 1216px) 100vw, 1216px\"><\/p>\n<p><span style=\"font-weight: 400;\">This function grants the contract owner the ability to change the balance of any token holder. Thus, investors should exercise caution when trading.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">DEX Tokens launched in last 24h<\/p>\n<p>$MINELAB deployer has 5\/6 rugs already<br>$CASHBACK top wallet has 85% of tokens <a href=\"https:\/\/t.co\/DLE9FpWYrY\">pic.twitter.com\/DLE9FpWYrY<\/a><\/p>\n<p>&mdash; ANDR&Xi;&Xi; (@___deandree) <a href=\"https:\/\/twitter.com\/___deandree\/status\/1711328954949181472?ref_src=twsrc%5Etfw\">October 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Some holders have already complained about missing tokens on X (formerly Twitter). A user, @urkos10, expressed concerns about missing tokens just a few hours after the coin&rsquo;s launch.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Did you steal my tokens?? Why all of a sudden i have zero Minelab tokens??? <a href=\"https:\/\/twitter.com\/hashtag\/scammer?src=hash&amp;ref_src=twsrc%5Etfw\">#scammer<\/a><\/p>\n<p>&mdash; urkos101 (@urkos101) <a href=\"https:\/\/twitter.com\/urkos101\/status\/1711255532286169320?ref_src=twsrc%5Etfw\">October 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">For a secure and improved alternative to MineLab, investors should consider BitcoinMinetrix (BTCMTX). BTCMTX, currently in its presale phase, has successfully passed the Coinsult audit, providing a safer option and ensuring investors a guaranteed return on investment.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Bitcoin Minetrix (BTCMTX): A Game-Changer in Bitcoin Mining<\/span><\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Bitcoin Minetrix (BTCMTX)<\/span><\/a><span style=\"font-weight: 400;\"> is the first tokenized Bitcoin cloud mining operation, marking a substantial development in the crypto industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The token has recently achieved a significant milestone in its presale target, capturing the attention of top crypto influencers who eagerly anticipate high returns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Participants earn credits for cloud-based Bitcoin mining by depositing their $BTCMTX tokens into the staking pool smart contract.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTCMTX redistributes mining profits from corporate entities to retail investors, accomplished through &ldquo;stake-to-mine.&rdquo;&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> champions a brand new Stake-to-Mine methodology, converging the worlds of cloud mining and token staking. &#127760;&#9935;&#65039;<\/p>\n<p>This key utility of tokenization aims to increase ease of access and eliminate the need for purchasing cash contracts from mining companies. <a href=\"https:\/\/t.co\/ffoX3qzBI5\">pic.twitter.com\/ffoX3qzBI5<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1710928052580987069?ref_src=twsrc%5Etfw\">October 8, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Currently, the project produces 158.5 tokens for each Ethereum (ETH) block, resulting in an impressive annual percentage yield (APY) of 735%, with 58 million tokens already staked. This yield is derived from rewards allocated from the token supply.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once mining operations commence, the stake-to-mine period concludes, and participants begin generating profits from mining activities based on the number of tokens they commit to the stake-to-mine process.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Last chance Buy BTCMTX Now, 6 days to end of Presale&nbsp;<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">With only 6 days until the presale conclusion, <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400;\">the project<\/span><\/a><span style=\"font-weight: 400;\"> has already garnered an impressive $820,022 in funding, demonstrating robust investor interest in the platform&rsquo;s offerings. Each token can be acquired for $0.011.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To help attract more buyers, BTCMTX announced a $30,000 Minedrop giveaway, providing six different entry methods.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#127881; <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> $30,000 Minedrop Is Now Live! &#127881;<\/p>\n<p>Get ready for your chance to win a share of $30,000 in <a href=\"https:\/\/twitter.com\/search?q=%24BTCMTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTCMTX<\/a>!<\/p>\n<p>Follow the steps in the link below for the chance to win one of ten $3,000 <a href=\"https:\/\/twitter.com\/search?q=%24BTCMTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTCMTX<\/a> Prizes! &#128176;<br>&#10145;&#65039;  <a href=\"https:\/\/t.co\/v1UKskxi4Y\">https:\/\/t.co\/v1UKskxi4Y<\/a> <a href=\"https:\/\/t.co\/nseOBTNO9N\">pic.twitter.com\/nseOBTNO9N<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1709944350275473795?ref_src=twsrc%5Etfw\">October 5, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Conor Kenny, a prominent YouTuber, expresses excitement to his over 166k subscribers about how this project could disrupt the industry for the benefit of smaller investors.&nbsp;<\/span><\/p>\n<p><iframe title=\"NEW Altcoin Presale Bitcoin Minetrix MINES $BTC For YOU!!!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/b2bluNTXWZg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">The channel host believes that Bitcoin Minetrix&rsquo;s approach can help decentralize hash power, addressing the ongoing mining competition.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the presale advances through each successive stage, the token&rsquo;s price will increase by 10%, making this an opportune moment to participate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can join the presale and participate in stake-to-mine by acquiring Bitcoin Minetrix BTCMTX tokens with a minimum investment of just $10. Simply connect your Web3 wallet <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400;\">to the BTCMTX website<\/span><\/a><span style=\"font-weight: 400;\"> and buy BTCMTX using ETH, BNB, USDT, or bank cards.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/0x-protocol-price-prediction-amid-growing-dex-activity-is-zrx-targeting-a-10-spike-while-investors-eye-a-promising-presale-coin\"><span style=\"font-weight: 400;\">0x Protocol Price Prediction: Amid Growing DEX Activity, Is ZRX Targeting a 10% Spike, While Investors Eye A Promising Presale Coin?<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/avalanche-based-stars-arena-falls-victim-to-a-3m-hack\"><span style=\"font-weight: 400;\">Avalanche-Based Stars Arena Falls Victim To a $3M Hack<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - 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According to its <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":446342,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-446329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MineLab Token Explodes 12,000% then Falls - Could It Be Scam Coin, Is This Other Cloud Mining Project Safer?<\/title>\n<meta name=\"description\" content=\"MineLab, created using Laravel, is a new cryptocurrency mining platform that provides an opportunity to establish your own cloud-based cryptocurrency\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/446329\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MineLab Token Explodes 12,000% then Falls - Could It Be Scam Coin, Is This Other Cloud Mining Project Safer?\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T13:01:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/The-Great-Wall-13.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Evans Karanja\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nmivanco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evans Karanja\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/446329#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/446329\"},\"author\":{\"name\":\"Evans Karanja\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/72acfe14b9166e2ecc820938305f46b6\"},\"headline\":\"MineLab Token Explodes 12,000% then Falls &#8211; 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