The latest crypto sensation is Bitcoin Minetrix ($BTCMTX) – a novel stake-to-mine crypto that allows users to earn mining rewards without any initial investment in hardware or technical expertise.
As the project gains momentum, investors wonder whether it makes a better investment than Bitcoin. Here is an analysis.
Update from #BitcoinMinetrix! 📣
We have raised over $500,000. pic.twitter.com/twJWjK7MjH
— Bitcoinminetrix (@bitcoinminetrix) October 5, 2023
Bitcoin is struggling to touch $30,000
Bitcoin continues its battle against market volatility. Despite the upward trajectory, It hasn’t reached above $30,000 yet. While price predictions of Bitcoin crossing $50,000 dominated the market in the first half of 2023, they are losing momentum now.
Had that been the case, the coin would have at least crossed the barrier at $30,000 by now. BTC’s lukewarm performance is dispiriting investors looking for better alternatives.
They have found hope in Bitcoin Minetrix. The Bitcoin derivative’s goal is to make Bitcoin mining accessible to all. While traditional BTC mining requires heavy equipment, time, and expertise, Bitcoin Minetrix ($BTCMTX) brings mining to all with its robust stake-to-mine ecosystem.
In other words, the new tokenized cloud mining platform brings retail investors into the picture with budget-friendly investments. According to market analysts, Bitcoin Minetrix could be the next big Bitcoin derivative like Bitcoin Cash.
What exactly is stake-to-mine?
Stake-to-mine is a new crypto incentivization mechanism launched by Bitcoin Minetrix. It is simple and cost-efficient.
1224% Staking APY
You just need to hold $BTCMTX to get started. The tokens are now selling for a heavily discounted price at the presale, which is past the $500,000 mark at the time of writing. Once you have your tokens ready, you need to head to the staking dashboard of the platform.
Now, you need to lock your tokens for a period that best suits you. Over time, you will start to accrue rewards.
The important thing to note here is that you will be earning more $BTCMTX in the first stage as staking rewards. You can sell them on public exchanges like any cryptocurrency. Or, you can hold them for long-term value appreciation and earn more staking rewards.
Non-transferable mining credits
But once the full-fledged stake-to-mine dashboard goes live, you will get cloud mining credits instead of $BTCMTX. These are non-transferable ERC-20 tokens that can be burnt to get mining rewards in BTC.
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The credits are made non-transferable to discourage hacks and theft. Even if someone manages to steal your credit, they wouldn’t be able to use it.
Why Bitcoin Minetrix?
The crypto market has witnessed the entry of a myriad of cloud mining platforms in the last few years. Bitcoin Minetrix also belongs to that category. But what sets it apart from its competitors is the nature of the income, which is completely passive.
While traditional cloud mining platforms require participants to invest in hardware, monitor their mining system, and enter mining contracts, Bitcoin Minetrix is fast and efficient. It does away with initial capital, hardware setup, and maintenance. Neither do you have to be a mining expert to start earning the rewards?
The platform is financially and technically accessible to everyone.
It harnesses large mining companies’ equipment and technical expertise and decentralizes the industry by bringing retail investors on board.
Here are some more benefits worth mentioning:-
- No electricity expenses
- No maintenance
- No depreciation of mining hardware
- Not bulky or noisy
- A safe experience
The last point needs some elaboration. Many cloud mining companies have been accused of questionable operations in the past. Users are apprehensive about entering into mining contracts with cloud mining platforms as a result.
With Bitcoin Minetrix, you don’t need to enter into any mining contract or send money to the company. The stake-to-mine contract on Bitcoin Minetrix is highly flexible. You can stake and unstake your tokens any time you want.
The platform runs based on a blockchain smart contract for anyone to see and verify. It has also completed an audit by Coinsult, mitigating the chances of security threats and vulnerabilities.
Bitcoin vs Bitcoin Minetrix
Let’s answer the crucial question now – Bitcoin or Bitcoin Minetrix, which is the best investment now?
If you’re looking for an established cryptocurrency, Bitcoin is the obvious choice. Even if the coin fails to give you returns in the next two years, it is bound to grow in the long term. The fact that Bitcoin halving is due for April 2024 also makes it a reliable investment.
But if you’re looking for that multifold growth, Bitcoin may not be the right choice. The coin already has a massive market cap of $540B. There is not enough room for a 10X or 20X growth in Bitcoin.
Bitcoin Minetrix, on the other hand, is a new project that has yet to go live. It doesn’t compare to Bitcoin in terms of popularity. But that is exactly the reason it makes a good purchase now. As it grows, so will your portfolio.
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The project has a robust ecosystem with the potential to attract a large user base in the coming months. The staking rewards are also one of the best in the market.
The ongoing presale of $BTCMTX gives the best entry point into the project.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
