Join our Telegram channel to stay up to date on breaking news coverage
While bitcoin failed to hold the $38,000 level, crypto experts remain optimistic, particularly with the strong performance of bitcoin Minetrix, a bitcoin alternative for mining.
Investors are flocking to bitcoin-related cryptocurrencies, driven by growing expectations that the SEC will approve a bitcoin spot ETF. This increase in demand is driven by the desire to participate in the expected bitcoin rally.
One bitcoin-related crypto that is experiencing bullish sentiment is bitcoin Minetrix. By making mining easier and more rewarding for everyday investors, bitcoin Minetrix is helping bitcoin attract more users and expand its reach.
bitcoin Mining Project Passes $4 Million Milestone
Expanding on the positive trends in the bitcoin market, there is growing interest in a recently introduced pre-sale platform known as bitcoin Minetrix (BTCMTX), which is taking advantage of the current market sentiment.
bitcoin Minetrix, a mining staking platform that aims to revolutionize cloud mining, has already raised over $4 million in just over a month due to its distinctive value proposition. The countdown to Stage 8 of the pre-sale is underway, and the $BTCMTX token price will increase in less than an hour.
Great news! #BitcoinMinetrix proudly announces a colossal achievement: over $4,000,000 raised! pic.twitter.com/neW7VEgkjJ
—Bitcoinminetrix (@bitcoinminetrix) November 16, 2023
By operating on the ethereum blockchain, bitcoin Minetrix users stake the native token $BTCMTX to receive cloud credits for bitcoin mining. This approach offers several advantages over the predominant cloud mining model, with ease of use, low entry costs, and the absence of scammers topping the list.
The bitcoin Minetrix platform aims to make bitcoin mining more accessible to average investors and cryptocurrency holders, contributing to the notable success of its pre-sale.
Pre-sale participants used various currencies, including ethereum, USDT, credit cards, BNB or Matic, although those opting for BNB or Matic should note that staking may not be available in these cases.
To learn how to buy $BTCMTX, check out our guide here.
bitcoin Minetrix’s innovative mining betting mechanism
bitcoin Minetrix introduces a distinctive staking-to-mine mechanism as one of its notable features. Users can stake their tokens (BTCMTX) and in return receive credits for bitcoin mining, addressing concerns related to third-party cloud mining scams. Is that how it works:
- Acquire $BTCMTX Tokens: Users can obtain $BTCMTX tokens through various methods, such as participating in the ICO, purchasing them on exchanges, or earning them through reward staking.
- Staking $BTCMTX Tokens: Users stake their $BTCMTX tokens on the bitcoin Minetrix platform, and the number of tokens staked determines their mining power and potential rewards.
- Earn Mining Rewards: As the bitcoin Minetrix platform mines bitcoin, users earn a share of the rewards based on their staked tokens, distributed in $BTCMTX tokens.
The bitcoin Minetrix mining staking mechanism transforms bitcoin mining, making it more accessible, efficient and inclusive.
Unlike traditional mining, which requires expensive equipment and technical expertise, the mining staking system allows anyone to participate by holding $BTCMTX tokens, lowering barriers to entry for people with different financial means.
Additionally, this approach generates passive income, allowing users to earn rewards simply by holding their tokens. Furthermore, participation in mining contributes to reducing energy consumption compared to traditional mining, in line with the growing emphasis on sustainability.
Lastly, it encourages a more community-driven approach to mining, where users collectively contribute their tokens to mine bitcoin, cultivating a sense of ownership and shared participation.
Take a look at our price prediction for bitcoin Minetrix.
bitcoin Minetrix Offers Lucrative Staking Rewards and Exciting Airdrop
bitcoin Minetrix has reserved 12.5% of its total $BTCMTX supply for staking rewards until its cloud mining platform is fully operational. Currently, those who stake can earn rewards exceeding 140% APY, provided in additional tokens to enhance their upcoming mining capabilities.
To stake $BTCMTX tokens, users follow a simple process. Rewards are distributed at a rate of 158.5 $BTCMTX per block for two years. The distribution depends on the user’s participation in the betting pool and the annual reward percentage.
bitcoin Minetrix is encouraging community participation through a $30,000 airdrop. Participants can enter the giveaway by completing several steps, including visiting the website and following bitcoin Minetrix on social media. This initiative aims to reward ten participants with $3,000 each.
For more information, check out our guide to the best betting platforms here.
Conclusion
bitcoin has remained relatively stable, with a slight drop of 3% in the last 24 hours. However, alternative cryptocurrencies, particularly those in the decentralized finance (DeFi) sector, have seen significant gains.
One altcoin generating bullish sentiment is bitcoin Minetrix, an innovative project that seamlessly merges bitcoin staking and mining.
With a successful fundraising campaign, a growing community, and positive coverage from credible sources, bitcoin Minetrix is well positioned to make a substantial impact on the decentralized mining landscape.
To participate in the pre-sale of $BTCMTX, visit bitcoinminetrix.com.
Related
- 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
