There is a growing theory out there that is gathering some steam that this may be the last time to buy Bitcoin (BTC) before it skyrockets and becomes so big that investing in it will only be worthwhile if you shell out millions! The news that Fidelity’s “All-In-One Conservative ETF” offering has a 1% allocation to Bitcoin has experts believing that a new all-time high is coming.
This, along with the upcoming halving event, could create the perfect storm where Bitcoin is not only highly sought after but also scarce. One thing that many experts have overlooked is that an altcoin is currently going through presale which may be absolutely crucial to Bitcoin’s future success.
That coin is Bitcoin Minetrix.
>>>Buy Bitcoin Minetrix Now<<<
Bitcoin Minetrix- The Mining Solution That Could Save Bitcoin’s Future
The Bitcoin mining industry comes under a lot of criticism from environmental groups due to the amount of energy it uses. This has always been a problem, but Bitcoin’s recent entry into the mainstream of financial services may shine an even bigger torch on this issue. What fewer people may be aware of is that the mining of crypto’s number one token also comes under a lot of scrutiny from those within the community.
Bitcoin Minetirx, through its innovative stake-to-mine process, aims to kill two birds with one stone by providing a way to mine Bitcoin in a cheaper and greener way. Before we get into exactly how this process works, let’s focus on the issues first.
As we touched on already, the amount of energy that is used to mine Bitcoin has always been a topic of concern among many environmental groups. As Bitcoin becomes mainstream, it will have to deal with more regulatory interference. In fact, that has already begun.
At the beginning of February, the U.S. Department of Energy announced that it would be undertaking a six-month audit of the Bitcoin mining process in America. This will be the most in-depth analysis of the amount of energy the process uses. The results are likely to make headlines.
Within the crypto and Bitcoin community, many are also unhappy with how the current mining process is handled. Crypto at its very heart is an anti-bank movement that was created by those who believe individuals should have complete autonomy over their assets. Bitcoin, the head of this movement, started off on this track.
Now, however, mining takes place in industrial-sized data centers that cost an incredible amount of money to run. This has effectively cut out the vast majority of the crypto market as it is only the very wealthy that can now afford to mine Bitcoin.
Of course, Bitcoin Minetrix is not the first group to try to tackle this issue. Cloud mining was initially held up as the solution. A process where an individual enters into a cash contract with mining companies, it was supposed to allow individuals to mine BTC once again.
However, the greed of these massive mining companies once again came to the fore. Individuals are now charged massive deposit prices before being allowed to mine and even after this the companies still demand a share of the yields. This is also not even the worst of it as the cloud mining sector is rife with scammers who lure people in with initial yields and then up the fees or pull the rug from under them.
>>>Buy Bitcoin Minetrix Now<<<
How Staking Helps Cloud Mining Recognize its Potential
Bitcoin Minetrix recognizes that in theory cloud mining is a good idea, it was just missing something. That something was staking. As any crypto enthusiast who follows the presale market will know, staking has become hugely popular in the last year as it benefits both the investor with a chance of extra earnings and the project with an extra layer of security.
What Bitcoin Minetrix has realized is by combining cloud mining with staking the individual that wishes to mine gets that extra level of control they don’t have with cloud mining. This puts the power back in their hands every step of the mining process.
How it works is investors purchase and stake their BTCMTX. They can just hold their tokens and gain some very nice rewards from a generous APY%, or they can exchange these staked tokens for mining credits. These credits are then burned in exchange for mining time or a share of the yields.
As you can see the process is greener and cheaper than regular mining so it really could change the way we look at mining BTC. The Bitcoin Minetirx presale shows that we are not the only ones aboard the hype train. It has now raised over $10.9 million and shows no sign of slowing down.
Is There Actually Still Time to Buy Bitcoin?
The above chart shows Bitcoin’s (BTC) price performance over the last 7 days. It shows an almost 17% growth period which is outstanding for a coin of Bitcoin’s size. It has now hit a nearly 3-year high and investors are starting to worry if it’s too late to get involved. In fact, FOMO is likely a small contributor to Bitcoin’s continued success this week.
The halving event is closing in and many think that could be the catalyst for a new all-time high. However, Bitcoin was overbought after the ETF confirmations and crashed pretty hard at one stage. Crypto is always unpredictable and there is a chance BTC will be overbought due to all the hype. We advise investors to be patient and don’t rush anything as a re-entry point may appear soon.
>>>Buy Bitcoin Minetrix Now<<<
Conclusion
It will be very interesting to track the parallel progress of both Bitcoin and Bitcoin Minetrix. While they are incomparable in terms of their size and price, they could well benefit each other in the long run. In terms of investing, at the moment Bitcoin Minetrix is the only option. Its upside is enormous and it is still available at a presale price making it an easy decision.
