Although Bitcoin mining has become increasingly out-of-reach for a common person like me, I still remember setting my CPU to mining during the night back when Bitcoin was still under $20 (wow). Originally it was accessible for most people. I set it to mine at night because it did make my computer sluggish while trying to work or play games.
Zoom forward to today - even the best ASIC miners have around a two-year expected break-even. It's Expensive.
Bitcoin Minetrix is a new platform that aims to solve the accessibility problem by offering a new way to mine Bitcoin with stake-to-mine. Stake-to-mine is a feature that allows users to stake their Bitcoin Minetrix tokens ($BTCMTX) in a smart contract and earn credits that can be used to mine Bitcoin in the cloud. By staking $BTCMTX, users can access the Bitcoin Minetrix cloud mining service without paying any fees or risking any fraud. Sounding good so far.
Bitcoin Minetrix cloud mining service is based in Tbilisi, Georgia, a country that is friendly to crypto and has low electricity costs. The service uses state-of-the-art mining equipment and software to ensure high efficiency and profitability. Users can choose from different mining plans and monitor their mining performance and earnings on the Bitcoin Minetrix dashboard.
Bitcoin Minetrix is not only a platform for mining Bitcoin, but also a tokenized ecosystem that rewards its users and community members. $BTCMTX is an ERC-20 token that has a total supply of 100 million tokens. 50% of the tokens are allocated for the public sale, 20% for the team and advisors, 15% for the reserve fund, 10% for the marketing and partnerships, and 5% for the bounty and airdrop programs.
$BTCMTX holders can benefit from various incentives and features, such as:
Dividends: 50% of the net profits from the cloud mining service are distributed to $BTCMTX holders every month as dividends.
Buyback and burn: 25% of the net profits from the cloud mining service are used to buy back and burn $BTCMTX tokens every month, reducing the total supply and increasing the token value.
Governance: $BTCMTX holders can participate in the governance of the platform by voting on important decisions and proposals.
Referral: $BTCMTX holders can earn extra credits by referring new users to the platform. (The link below to their site is not a referral link.)
Minedrop: $BTCMTX holders can receive free Bitcoin every month as a reward for staking their tokens.
As of this writing, Bitcoin Minetrix has completed its presale, raising over $540,000 from investors. The project has also received positive feedback and endorsement from several crypto influencers and analysts, who see it as a potential disruptor in the Bitcoin mining industry. The project is now preparing for its public sale, which will start on October 15, 2023. The public sale will offer 30 million $BTCMTX tokens at a price of $0.05 per token, with a minimum purchase of $100 and a maximum purchase of $10,000.
I'm still researching it, now that it's on my radar, but Bitcoin Minetrix looks to be a promising project for making Bitcoin mining more accessible, profitable, and sustainable for everyone. By combining stake-to-mine with cloud mining, the project offers a clever combination that can bitcoin mining available to everyone. It will be interesting to see how profitability reports turn out, because it seems hard to predict without having purchased some and monitoring it over time.
To learn more about Bitcoin Minetrix and join its public sale, visit its website or follow its Twitter account.
I stongly reccommend doing your research before jumping into something like this, (I will be).
