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The project is turning heads as it seeks to transform the centralized cloud mining infrastructure ahead of the next block halving, allowing everyday users to mine again.
Investors believe the project can provide 50x returns for early adopters due to its dual income streams through mining and staking.
Here’s why investors are backing it.
Bitcoin Minetrix Raises $4.2 Million as Momentum Continues to Grow.
Bitcoin Minetrix ($BTCMTX) has officially raised $4.2 million in its presale as the momentum continues to grow.
The project introduces a novel stake-to-mine concept that helps you mine Bitcoin in a decentralized ecosystem.
With its speedy rise beyond the $4 million milestone, it’s clear that investors believe the project has the potential to disrupt the cloud mining ecosystem.
The project removes the high hardware costs associated with crypto mining and avoids all deceptive scams from centralized services through tokenization.
The Bitcoin mining industry is expected to grow by $12 billion between 2022 and 2027, and Bitcoin Minetrix’s novel staking and mining technology can take a large slice of this growth.
With the Bitcoin block halving ahead, Bitcoin Minetrix has the potential to transform cloud mining into a democratic ecosystem.
Why Are Investors Backing Bitcoin Minetrix?
Cloud mining isn’t a new concept in the industry. It allows users to easily mine Bitcoin without having to purchase expensive mining equipment or worry about soaring electricity prices.
Instead, miners can simply rent time on a machine at a dedicated mining center and take advantage of its computational power.
However, all cloud mining services today are entirely centralized, allowing them to enact deceptive scams that frustrate miners.
For example, they often force miners to deposit cash deposits, locking them into long-term contracts and leaving them short on their expected earnings.
Bitcoin Minetrix intends to overhaul this practice and democratize Bitcoin cloud mining through the stake-to-mine ecosystem, which is why investors are backing it.
In addition, Bitcoin Minetrix provides double earnings through staking and mining, creating an exciting revenue stream for everybody involved.
Those currently staking their tokens are earning an impressive 138% APY;
A total of 300 million $BTCMTX have already been pledged to staking since the start of the presale, demonstrating the increased interest in this revenue stream.
It’s not just investors that are backing Bitcoin Minetrix.
Influencers are increasingly becoming aware of the project and are highly bullish on its future prospects.
For example, popular YouTube analyst Michael Wrubel recently released a video of the project, stating he’s extremely bullish on its future potential.
In addition, Zack Humphries also endorses the novel cloud mining approach from Bitcoin Minetrix.
How Does Bitcoin Minetrix Function?
The stake-to-mine ecosystem allows users to stake their $BTCMTX tokens to gain access to a cloud mining platform and mine Bitcoin.
Users earn Mining Credits when they stake their tokens. These ERC-20 Mining Credits can be burnt in exchange for a designated time on the Bitcoin Minetrix mining platform.
The tokenization of the process ensures that users remain in control of their assets throughout the entire process of mining.
The $BTCMTX tokens can be unstaked and sold anytime, providing complete flexibility.
The act of staking also removes the need to send cash deposits to secure mining contracts.
Furthermore, as smart contracts automatically manage user allocation, mining rewards are distributed fairly and transparently.
The smart contracts are fully audited by Coinsult, providing additional security for investors.
Just Four Days Remaining At Current Prices – Get Positioned Now
With the popularity of the presale growing, the chance to get positioned at lower prices is running thin.
The presale sells 77.5% of the total 4 billion $BTCMTX supply in the presale, with the remaining 22.5% set aside for staking and community rewards.
The presale is split into ten stages, with the token price increasing by a total of 8% in each stage.
As a result, those getting positioned earlier benefit from the lower entry prices.
The presale is currently selling the token for $0.0118. However, just four days remain at the current price point, so you’ll have to be quick to get positioned at the early adopter prices.
Overall, Bitcoin Minetrix has the potential to turn into a groundbreaking infrastructure project for the entire Bitcoin ecosystem with 50x potential as it seeks to democratize Bitcoin mining.
