Join our Telegram channel to stay up to date on breaking news coverage
bitcoin‘s price rally has paused before taking the next leg up to reach $40,000, but in the meantime, professional traders have contributed nearly $2.5 million to bitcoin Minetrix, the pioneering mining startup in the tokenized cloud.
With a price of around $34,000, bitcoin had entered overbought territory from a technical point of view, so a pullback from $35,000 was to be expected.
In derivatives markets, call options show that professional traders expect the next key test of the top cryptocurrency to be at the $40,000 level.
If there is a successful breakout of the expected resistance in the $40,000 region, then the floodgates are likely to open, bringing a march back towards bitcoin‘s all-time high into view. As we approach the bitcoin block reward halving event in April next year, market participants can reasonably expect bitcoin to reach new all-time highs.
bitcoin‘s breakout opens up opportunities in altcoins, as traders begin to look for the best risk-reward prospects in the nascent bull run.
Professional traders and savvy investors have been quick to single out bitcoin Minetrix for special attention in that regard, as seen in the accelerated fundraising the project is witnessing for its novel bitcoin cloud mining venture.
<h2 id="h-billions-of-dollars-to-flow-into-crypto-in-this-bitcoin-bull-run-bitcoin-minetrix-is-a-magnet-for-those-funds” class=”wp-block-heading”>bitcoin Minetrix, a magnet for the billions destined to fuel this bitcoin bull run
Altcoins that can align more closely with bitcoin‘s growth story will attract a large portion of the billions of dollars in investments flowing into the crypto sector, and bitcoin Minetrix is among them.
Priced at $0.0112, $BTCMTX only has a few hours left to finish Stage 3 of its pre-sale before the price rises to $0.0113 in Stage 4.
There is only $600,000 left to raise at the current stage (target is $3,101,000), meaning the token could sell out early. Potential token buyers should act quickly to avoid disappointment.
Early investors can also earn returns by immediately staking their newly purchased tokens. The annual percentage yield (APY) is 238% as of this writing. So far, pre-sale investors have staked 175 million $BTCMTX tokens.
<h2 id="h-why-bitcoin-minetrix-is-attracting-pro-traders-to-its-bitcoin-mining-revolution” class=”wp-block-heading”>Why professional investors are flocking to bitcoin Minetrix’s bitcoin mining revolution
As was the case in previous bull runs, bitcoin acts as a benchmark for the entire sector and bitcoin clones are dragged upwards in the wake of its price increase.
Chief among the clones is bitcoin Cash (BCH), which is a fork of the bitcoin blockchain. Its only selling point is its 32 MB block size compared to bitcoin‘s 1 MB, which has a theoretical effective size of up to 4 MB following protocol changes made in 2017.
BCH’s larger block sizes mean its network has much higher transaction throughput.
Then there is bitcoin SV (BSV), which is a fork of bitcoin Cash and claims to have a block size of 4 GB.
bitcoin Minetrix takes a radically different approach to its value differential versus bitcoin. It’s not about playing the game of scaling the size of the blocks. Instead, it has chosen the possibly more fruitful path of solving problems related to the dangers of mining centralization and how to expand the mining base in terms of controlling hash power.
Hash power is the measure of computing power used in the proof-of-work mechanism that verifies bitcoin blocks.
While efforts to improve bitcoin‘s scalability are laudable, BCH and BSV are not bitcoin and their increased transaction volume has not led to them being widely used for the purchase of goods and services. They seem like solutions in search of a problem in that no one uses BCH or BSV to transact in the real economy.
On the contrary, bitcoin Minetrix is solving real problems in a way that benefits both individual investors and bitcoin as a whole.
bitcoin Minetrix reduces the risk of possible network centralization
bitcoin mining is essential to the existence of the bitcoin network. And it is bitcoin Minetrix that aims to make mining open to everyone, making it a valuable and attractive proposition for serious investors looking for spectacular use cases. As a byproduct of the team’s efforts, bitcoin Minetrix will strengthen the overall security and decentralization of the bitcoin network.
Today, mining is no longer something that can be done on a laptop using a graphics card, as was the case in the early days of the bitcoin protocol.
As the size of the network has grown, so has the difficulty of proof of work. The protocol has a difficulty mechanism that adjusts the amount of computational work required to solve the proof of work as the overall hash power changes. For example, when the amount of hash power on the network increases, the difficulty level increases. In this way, the block production speed remains stable at one every 10 minutes.
Mining has increasingly become the fiefdom of corporate entities that can invest hundreds of millions of dollars in mining machines. Additionally, mining pools emerged so that individuals and entities could work together cooperatively to share block rewards. Foundry USA, Antpool and F2Pool are three of the largest groups.
Then there are publicly traded mining companies like Marathon, Riot, and Hut 8 to factor into the equation.
Although mining pools that “collectivize” mining and corporations turning to the capital market to finance their operations are key elements of how the bitcoin network is maintained, they also mean that there is always the ever-present danger of centralization emerging.
If centralization is allowed to take hold, the bitcoin network could end up with most block production under the control of a single entity, undermining the security of the entire protocol.
The latent problem has arisen as a consequence of the need to accumulate expensive computing power (hash power) and tokenized mining in the bitcoin Minetrix cloud can prevent centralization from becoming a problem.
bitcoin Minetrix: The Advantages of Cloud Mining Without the Disadvantages
bitcoin cloud mining is an attractive proposition because it allows users to rent computing power only for as long as needed, without having to invest capital in purchasing mining rigs.
However, there are problems with cloud mining. Unfortunately, it has a bad reputation for poor customer service, unexpected charges, stability issues, complicated and difficult to understand contracts, and, worst of all, outright scams.
The bitcoin Minetrix team was well aware of these issues and set out to address and overcome them. The solution they found was hidden in plain sight: tokenization.
By inventing a bet-to-win system that runs on the ethereum blockchain, bitcoin Minetrix eliminates the threat of fraud and offers efficiency, customer control, and peace of mind.
The platform also ensures a guaranteed and transparent claim on the mining revenue stream, courtesy of the cloud mining credit that customers receive in proportion to the amount of $BTCMTX they stake.
Simply put, bitcoin Minetrix makes it safe and easy for everyday people without technical knowledge to get involved in bitcoin mining, allowing them to make profits.
There is no need to worry about scammers and covert contracts because everything is handled on-chain by the smart contract. No cash changes hands.
Here’s why bitcoin Minetrix can grow 100x
However, that’s not the end of the story when it comes to return on investment. Owners of $BTCMTX will also, as mentioned, benefit from the bull run in bitcoin price. bitcoin will lift all boats, or at least the prices of those coins – like bitcoin Minetrix – that are most closely aligned with it.
There are literally hundreds of bitcoin clones of one type or another, but it will be the ones that bring something truly useful to the party that will succeed, which is why bitcoin Minetrix has already raised $2.5 million from savvy investors.
From the HPOS10I meme coin (bitcoin) to the ‘version 2’ derivative coin bitcoin 2.0 (BTC2.0), there are many shades of bitcoin clones.
Distancing itself from these more frivolous endeavors, bitcoin Minetrix is for adults. Still, the two aforementioned coins have experienced gains of 100x or more in their short life cycles, despite their complete lack of liquidity.
If ‘bitcoin meme coins’ can get multi-million pound valuations out of thin air, then imagine what a solid project like bitcoin Minetrix can achieve. No wonder professional traders and sophisticated investors are giving the coin a buy rating.
How to buy and bet to start earning $BTCMTX
To buy the $BTCMTX token you can use eth, USDT, BNB, MATIC or a bank card. If you plan to purchase with eth, you can start staking to win right away.
All you need to do is connect your wallet, determine how much you want to invest, and make sure you have a small extra amount to cover the transaction fees (approximately $10-20), if you use the ethereum blockchain.
As bitcoin prepares for its biggest bull run in history, the best way to gain exposure is probably to buy a dual threat like bitcoin Minetrix.
$BTCMTX combines exposure to the upside of bitcoin‘s price but also to mining revenues at the center of a digital asset that could one day challenge the US dollar by becoming one of the world’s leading reserve currencies.
Buy bitcoin Minetrix today
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
Join our Telegram channel to stay up to date on breaking news coverage
