A 39-round presale for pioneering stake-to-mine crypto token Bitcoin Minetrix ($BTCMTX) will conclude in seven days after raising a staggering $13 million.
Investors have two days to purchase Bitcoin Minetrix tokens at a fixed price of $0.0147. After that, the token will sell for $0.0148 until the conclusion of the ICO on April 25. From then on, the sky will be the limit on potential appreciation.
Now, that may look like marketing hyperbole, but considering Bitcoin’s upcoming halving on April 20 has analysts across the world calling a 2024 bull run, this year could catalyze a project that will smash the barriers to entry into the world of Bitcoin mining.
🚀 With the #Bitcoin halving around the corner, mining companies are gearing up for changes!
From @MarathonDH to @RiotPlatforms, keep an eye out on how they’re preparing for the shift.
Who do you think will thrive post-halving? 🛠️#BitcoinMinetrix has successfully raised more… pic.twitter.com/aPtKV1rne9
— Bitcoinminetrix (@bitcoinminetrix) April 10, 2024
How Bitcoin Minetrix (BTCMTX) Works
BTCMTX deploys Ethereum smart contracts to net investors greater yields by providing an easy onramp into cloud mining.
Anyone can become a Bitcoin miner from the comfort of their bedroom without needing to purchase specialist hardware. They don’t even have to leave bed, really. All they have to do is buy and stake BTCMTX via the website. There’s no minimum buy and token withdrawal is simple, making for a low-stakes entry into mining.
Stakers are rewarded with cloud mining credits representing hash power. The greater the hash power, the more guesses Minetrix’s Bitcoin cloud mining software can make to break the network’s cryptographic puzzles in order to validate blocks of transactions (aka mine) and receive BTC rewards.
The platform rewards staking with more BTCMTX, further fuelling the staking/mining cycle and generating a lucrative double stream of revenue.
Bitcoin Minetrix is a one-token revolution. Well, two tokens… See, before Minetrix, mining was a heavily centralized activity performed by specialized mining companies, institutions, and those with the cash, space and power for energy-intensive mining rigs.
In a return to crypto’s founding ethos of decentralization, Bitcoin Minetrix puts mining capabilities into everyone’s hands.
Making your #Bitcoin mining adventure easier with #BitcoinMinetrix! ⚒️
Exploring a tokenized cloud mining platform crafted for all.
Securely and transparently mining $BTC using a decentralized approach! 🌐🔒 pic.twitter.com/f3rRtS9ylE
— Bitcoinminetrix (@bitcoinminetrix) April 17, 2024
BTCMTX and the Bitcoin Halving
By the time Bitcoin Minetrix launches, Bitcoin mining will have undergone an irreversible change as a result of the halving on April 20.
The halving is an event dictated in Bitcoin’s code when mining rewards get cut in half. Bitcoin miners currently receive 6.25 BTC for every block of transactions they validate and add to the blockchain. Post-halving, this figure will drop to 3.125 BTC.
So, some may think this will make mining less profitable after April 20. Think again. The rewards may be halving, but that’s when the profits will begin.
Since miners control the issuance of new Bitcoin, the commodity will become a lot more scarce after the halving; miners will literally only have half the amount of BTC to sell to the market than they usually do.
This basic supply-and-demand dynamic has caused Bitcoin to rally strongly throughout its previous three halvings.
And thanks to fresh institutional and retail demand for BTC following the launch of 11 US-approved Bitcoin exchange-traded funds (ETFs) back in January, demand for Bitcoin has never been higher.
Interested investors have seven days to get ready for the post-halving rallies and can Buy Bitcoin Minetrix Here.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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