The post As BTC Price Shows Signs Of Recovery, Crypto Whales Buy New Altcoin Bitcoin Minetrix appeared first on Coinpedia Fintech News

The investor sentiment around Bitcoin is turning bullish again, especially as the fourth financial quarter – which has traditionally been BTC’s best quarter – is set to commence in just a matter of days. 

Furthermore, fresh capital has started to enter the BTC ecosystem in preparation for next year’s halving and the highly-anticipated bull run. Experts are already predicting the largest cryptocurrency to hit the $40k mark by the end of the year. 

Crypto Whales Group Tips New Altcoin Bitcoin Minetrix

During a bull run, Bitcoin mining is one of the most lucrative sectors of the crypto market as the miners’ BTC reserves and rewards start to surge in value. 

To capitalize on this upcoming opportunity, crypto whales have started to invest in Bitcoin Minetrix – a new revolutionary cloud mining platform that is helping ordinary retail investors mine BTC tokens. 

The admin of the popular Crypto Whale Pumps group on Telegram – with over 25k subscribers – revealed today that he has made a five-figure investment in the Bitcoin Minetrix token and considers it to be a “winner”. 

He also praised the platform’s decentralized cloud mining approach, calling its whitepaper “brilliant”.

Thanks to such massive financial endorsements, the new altcoin has already raised over $150,000 in its presale.

Why Bitcoin Minetrix Is Set To Be A Leader In The Cloud Mining Industry?

In its early days, creating Bitcoin blocks and mining rewards was a relatively simple process, one that a computer and a CPU could easily accomplish. 

Laszlo Hanyecz – the man who is now a part of the Bitcoin folklore for exchanging 10,000 BTC tokens for two pizzas – was one of the first people to realise that Graphics Processing Units were more suitable for crypto mining than CPUs. 

As it turns out, Bitcoin’s proof-of-work mechanism encourages competition between the miners – it requires them to spend increasingly large amounts of energy to be the first to create a new block and thus win the rewards. 

This has led to a horse race between wealthy companies, with miners now using expensive FPGAs and ASICs to build extensive mining rigs. Furthermore, the biggest mining companies like Riot Blockchain combine their computational power to form large mining pools. In short, there is no way an ordinary investor can compete with such a vast and costly architecture. 

However, Bitcoin Minetrix’s decentralized cloud mining approach is looking to challenge this monopoly. Just as early Bitcoin enthusiasts mined BTC with a simple computer, today’s retail investors only need an Ethereum-compatible wallet like MetaMask – if anything, it requires much less technical expertise. 

They can simply purchase $BTCMTX tokens and stake them to earn non-transferable mining credits – these ERC-20 credits can be burned for cloud mining time or a percentage of the yield, eventually leading to BTC mining rewards.

Bitcoin Minetrix’s Stake-To-Mine Approach Is Perfect For The Bear Market

While Bitcoin Minetrix isn’t the only cloud mining platform, its secure, decentralized and tokenized approach is certainly an unprecedented and welcome move for retail investors. 

Legacy cloud mining platforms do allow investors to rent computation power without owning any of the expensive equipment. However, they are often plagued by centralized operators and third-party scams that have deterred many from entering the industry. Platforms such as USDMiner, Muxminer and NFTProX have all displayed questionable behaviour such as pausing withdrawals and asking for more deposits. 

However, Bitcoin Minetrix’s stake-to-mine mechanism is introducing a heightened level of transparency in the industry and is fixing many of its flaws. 

For example, traditional cloud mining platforms often demand cash deposits and force their clients to enter into long-term contracts, which can often lead to unexpected and unpleasant surprises. Back in 2018, Genesis Mining sent an ultimatum to its clients, asking them to either upgrade to a five-year subscription or lose services. 

However, Bitcoin Minetrix avoids any such hassle by allowing investors to unstake and sell their tokens at any time. 

The project allocated 42.5% of the token supply to build this secure and decentralized platform. Furthermore, investors can purchase $BTCMTX tokens and stake them in the presale itself to earn the maximum returns. 7.5% of the token supply will be reserved to distribute the staking rewards, which can help retail investors generate passive income, even in the midst of a bear market. 

Those staking rewards are high at this early point in the new altcoin’s roadmap – currently in the high four digits.

35% of the project’s tokens will be allocated to the project’s marketing efforts to properly advertise its salient features while the remaining 15% will be reserved for community rewards. 

The crypto mining industry is projected to hit the $7 billion mark by 2032 and Bitcoin Minetrix could emerge as one of its leading platforms, subsequently driving the demand for the $BTCMTX token. 

As a result, popular traders like Crypto Gains are beckoning interested buyers to get in early and grab the token at its presale price of $0.011, before it explodes after launch. 

Find the full roadmap and invest in this new altcoin early at bitcoinminetrix.com.

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Filed under: Bitcoin - @ September 28, 2023 1:25 pm