Bitcoin hits $50k again, Bitcoin Minetrix offers “Stake-to-Earn” for easier Bitcoin mining.
Bitcoin surged past the $50,000 mark, reaching its highest level in over two years, rallied by expectations of interest rate cuts later in the year and regulatory approval for US exchange-traded funds (ETFs) tracking its price.
The world’s largest cryptocurrency has experienced a 16.3% increase in value since the beginning of the year, hitting its highest point since 21 December 2021 and maintaining a steady rise.
Antoni Trenchev, co-founder of crypto lending platform Nexo, stated: “$50,000 is a significant milestone for bitcoin after the launch of spot ETFs last month not only failed to elicit a move above this key psychological level but led to a 20% sell-off.”
The positive momentum extended to crypto-related stocks, with companies like Coinbase, Riot Platforms, Marathon Digital and MicroStrategy witnessing notable gains in their stock prices.
Analysts attribute Bitcoin’s recent surge to increased inflows into BTC spot ETFs, following the approval of the first US spot bitcoin ETFs by the US securities regulator in January. Additionally, investors are anticipating the upcoming bitcoin “halving,” expected in April, which historically has resulted in significant price rallies.
While Bitcoin continues to dominate headlines, projects like Bitcoin Minetrix (BTCMTX) are gaining attention as new cheaper solutions to securing BTC as the price continues to climb.
Bitcoin Minetrix aims to redefine cloud mining through its innovative “Stake-to-Earn” model, eliminating dependence on external mining companies. By staking BTCMTX tokens, users can mine Bitcoin, simplifying the mining process and making it more inclusive.
Bitcoin Minetrix: A New Way to Secure BTC
Bitcoin Minetrix (BTCMTX), a cloud mining initiative, is garnering attention amidst the cryptocurrency market’s resurgence. Represented by its native token $BTCMTX, the project operates on the ERC-20 standard within the Ethereum blockchain, offering an external approach to Bitcoin mining.
The project employs a dual-revenue model, allowing users to stake their BTCMTX tokens and earn “mining credits” to mine BTC. This distinctive feature simplifies the mining process and introduces a rewarding staking experience, offering potential profits of up to 87% annually.
PURCHASE $BTCMTX WITH ETH, USDT OR CARD PAYMENT
Marketing efforts to ensure the project gains traction will take up 35% of the token allocation, with the largest allocation of funds—42.5% of the $BTCMTX tokens—going directly into mining operations.
With endorsements from popular YouTubers like Austin Hilton, Bitcoin Minetrix emerges as a promising venture positioned to disrupt the traditional landscape of Bitcoin mining.
Stake to Mine: A Game-Changer in Cloud Mining
The Stake-to-Mine feature addresses common challenges faced by aspiring crypto miners such as high energy costs and expensive hardware demands.
Furthermore, Bitcoin Minetrix implements a token burning mechanism, granting mining credits as ERC-20 tokens with a unique characteristic—they cannot be traded but can only be burned. This innovative approach eliminates the risk of thefts and hacks, ensuring the security of users’ assets.
In its simplest form, users buy Bitcoin Minetrix tokens ($BTCMTX) and stake them in the platform’s staking contract, earning BTC in return.
Transparency, Incentives and Future Trajectories
Recognising the inherent risks associated with crypto presales, Bitcoin Minetrix offers valuable insights into market dynamics, including the upcoming Bitcoin halving event and prevailing market conditions.
By empowering potential investors with actionable information, Bitcoin Minetrix promotes responsible decision-making and long-term sustainability. The project also introduces a token giveaway, further incentivising community engagement.
STAKE $BTCMTX AND MINE BITCOIN
Reputable crypto analysts project significant growth potential for $BTCMTX tokens, with predictions indicating a 15x increase by 2030. As the project aims for recognition on Coin Market Cap and plans to list BTCMTX on well-known exchanges post-presale, members of Bitcoin Minetrix’s Telegram community anticipate substantial price growth for $BTCMTX tokens.
Stay updated with Bitcoin Minetrix presale news and developments on its Telegram channel, Discord server and X (Twitter).
