Bitcoin Minetrix Presale Nears Conclusion as Cloud Mining Platform Aims to Democratise BTC Mining

April 22, 2024
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2 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Cloud mining platform Bitcoin Minetrix nears launch after raising $13 million in presale, offering user-friendly entry to Bitcoin mining through staking.

Bitcoin Minetrix (BTCMTX), a crypto project offering cloud mining through staking, nears the end of its presale on April 25th, having raised over $13 million.

The project positions itself as a user-friendly entry point into Bitcoin mining, not requiring specialised hardware or technical knowledge.

How Bitcoin Minetrix Works

Bitcoin Minetrix leverages Ethereum smart contracts to facilitate cloud mining via token staking. Users can purchase $BTCMTX tokens on the platform's website and stake them to earn cloud mining credits. These credits represent hash power, a measure of computational power used in Bitcoin mining.

Greater hash power translates to more attempts at solving the cryptographic puzzles that secure the Bitcoin network. Successful solutions validate transaction blocks and reward miners with new Bitcoins. Bitcoin Minetrix distributes these rewards proportionally amongst stakers based on their contributed hash power.

PURCHASE $BTCMTX WITH ETH, USDT OR CARD PAYMENT

Staking Incentives and a Dual-Revenue Stream

The platform incentivises staking by rewarding participants with additional BTCMTX tokens. This dual-revenue stream combines potential rewards from mined Bitcoins and additional BTCMTX tokens through staking.

Democratising Bitcoin Mining

Traditionally, Bitcoin mining has been an activity dominated by large-scale operations with significant capital investment in specialised hardware and energy consumption. Bitcoin Minetrix aims to disrupt this model by offering cloud mining accessible to a wider audience.

By removing the technical barriers and hardware requirements, Bitcoin Minetrix positions itself as a way for anyone to participate in Bitcoin mining, regardless of location or technical expertise.

The Impact of the Bitcoin Halving on Minetrix

The Bitcoin halving is a pre-programmed event that reduces the block reward for miners by half. This directly impacts the rate at which new Bitcoins enter circulation, potentially influencing Bitcoin's scarcity and value.

While the halving might appear to decrease mining profitability in the short term, historical trends suggest otherwise. Reduced supply due to the halving, coupled with potential increases in demand, has historically led to Bitcoin price rallies following halving events.

Increased Demand for Bitcoin

The recent launch of several Bitcoin exchange-traded funds (ETFs) in the United States has contributed to a surge in institutional and retail investor demand for Bitcoin. This increased demand, along with the upcoming halving's potential impact on scarcity, could create a bullish environment for Bitcoin in the coming months.

STAKE $BTCMTX AND MINE BITCOIN

Bitcoin Minetrix Presale Conclusion and Future Developments

With the presale concluding on April 25th, Bitcoin Minetrix is set to launch its cloud mining platform amidst a potentially significant period for the Bitcoin market. The project's focus on user-friendly access to cloud mining and its potential to benefit from a post-halving bull run could attract a wider audience to Bitcoin mining.

With just a few days remaining until the conclusion of the presale, investors have an opportunity to secure $BTCMTX early and position themselves ahead of potential post-halving rallies.

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

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