Don’t Miss: Bitcoin Minetrix Closes With $4M Raised as Bitcoin Rally Sparks Bitcoin Mining Boom – Only 2 Days Left for $BTCMTX Price to Rise!

A huge influx of funding into bitcoin Minetrix has seen the project accelerate towards its $4 million milestone, with pre-sales for $BTCMTX currently standing at $3,942,689 raised.

This comes as retail investors rush to secure their spot, ahead of an incremental rise to the pre-sale price of $BTCMTX in just over two days (the end of Stage 7).

#BitcoinMinetrix Stage 7 ends in 4 days! pic.twitter.com/LXsl2fPhzS

—Bitcoinminetrix (@bitcoinminetrix) November 13, 2023

But why is this lesser-known pre-sale racking up such a significant amount of funding?

The answer lies in the increasingly overcrowded and centralized bitcoin mining industry, so explore this deep dive into why $BTCMTX is set to revolutionize block reward staking.

This is how bitcoin Minetrix can revolutionize bitcoin mining: fighting centralization

Since the Bull Run of 2021, bitcoin mining has defied expectations by undertaking a renaissance of sorts in network growth.

bitcoin Hash rate (a measure of the total amount of computing power directed towards mining bitcoin blocks) has reached an incredible all-time high of 456.6 Exahashes per second (EH/S).

This spectacular growth has been driven by a substantial increase in the scale of Marathon Digital and Riot Platforms’ mining operations.

The largest bitcoin miner in the world – Marathon – reported that by the third quarter of 2023 It had an average hash rate of 14.2 EH/s (500% YoY growth), about 4% of the network’s overall hash (mining about 1,153 btc per month, or $42.2 million).

Meanwhile, Riot Platforms reported a new record hash rate of 10.9 EH/s (mining around 368 btc per month, or $13.3 million), and Riot’s operations are expected to grow to 20.2 EH/s by summer 2024.

bitcoin mining in 2023 will be the most centralized it has ever been in its short 15-year history.

A closer look at the summary of blocks mined in the last 48 hours reveals that a shocking 55.79% of all bitcoin block rewards go to just two bitcoin mining pools.

AntPool had the largest share with 83 blocks mined (29,123%), while the second largest mining pool, Foundry USA, mined 76 blocks (26,667%).

This dwarfs the number of blocks mined even by third-place F2Pool (34 blocks mined, about 11.93%), highlighting the growing challenge of greater mining centralization.

This increased network activity and greater centralization of mining power has been clearly reflected in the subsequent all-time high in the difficulty rate for mining bitcoin.

Currently standing at 62,573,539,549,305 – it has never been more difficult for the individual participant to engage in profitable bitcoin mining.

This challenge of increased network difficulty, driven by increased competition and centralization of mining power, has created the need for new solutions for the retail investor to participate in bitcoin mining, both for network decentralization and to preserve bitcoin. as a profitable activity for the individual.

Enter bitcoin Minetrix, which was launched to offer secure and transparent bitcoin mining rewards to the retail investor through an innovative, decentralized cloud bitcoin mining approach.

This is how bitcoin Minetrix’s $BTCMTX token works to ensure profitable mining for retail investors.

Participants in the bitcoin Minetrix pre-sale can purchase $BTCMTX tokens at a low cost of $0.0116 (although the price increases in just over 2 days!).

Users who then proactively stake their $BTCMTX tokens are rewarded with more tokens at a current APY of 149% as part of a novel staking and earning mechanism.

These additional tokens earned before bitcoin Minetrix’s staking-to-mine feature goes live will give holders a larger slice of the mining power pie once they can stake to generate mining credits (an upcoming event on the project path).

Mining credits, while ERC-20 tokens, have a unique utility: they can be redeemed for designated btc cloud mining time slots, allowing retail investors to tap into the supply of new bitcoin rewards.

Once this mechanism is fully up and operational, those who stake can expect to earn real btc rewards through the act of cloud mining, thus opening the doors to a lucrative income stream for retail participants.

This has the added benefit of contributing to the decentralization of the bitcoin network’s hash rate, while also putting profits in the pockets of the little guy, just as Satoshi intended.

Here’s How $BTCMTX Price Could Overtake bitcoin (btc) Over the Next Year

The $BTCMTX token is an ERC-20 token with a total supply of 4 billion to support the staking mechanism on the bitcoin Minetrix platform.

Of the total supply, 42.5% of tokens are allocated in the $BTCMTX pre-sale, an additional 35% goes to marketing, 12.5% ​​to staking rewards, and 10% to the community ecosystem.

Part of the appeal of $BTCMTX is the opportunity to enter a bitcoin-derived token, as the leading cryptocurrency moves towards its $40,000 target ahead of the highly anticipated bitcoin Spot ETF, with the added advantage of a low market cap and large gains. size.

Since cryptoasset prices represent market capitalization divided by circulating supply, lower market capitalizations can generate much higher returns for retail investors.

By starting with a lower base value than bitcoin, $BTCMTX could see significant percentage gains with just a modest capital inflow, and this could skyrocket with rapid growth in social media recognition.

This market appetite for bitcoin-derived tokens has been demonstrated by the performance of $btc with a 120% gain year to date, versus the eth/”>coin meme $bitcoin which undertook a movement of +5,520% to date.

And it is this competitive advantage over bitcoin that has made $BTCMTX become a favorite among crypto influencers.

Recently, prominent YouTube analyst Jacob crypto Bury shared a video with his army of viewers in which he predicted a 5x return for $BTCMTX once trading begins.

Bury highlights a significantly lower market capitalization and the project’s role in connecting retail traders to the bitcoin mining revolution as a premium offering for investors looking for a more affordable entry point into the booming bitcoin narrative.

So don’t miss it. Remember to keep an eye on bitcoin Minetrix telegram channel, discord server and X (formerly Twitter) for the latest news and updates on the project.

Buy BTCMTX today