Ethereum

Ethereum Express

Bitcoin

Read

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 
Analysis suggests that holders of XRP, XRPL’s native currency, are considering Bitcoin Minetrix (<a href="https://bs_b96bd0a7.crypto-news.care/" target="_blank" rel="noopener">BTCMTX</a>) in the ongoing presale. So far, the Bitcoin Minetrix presale has raised over $8.7 million. Moreover, more than 558 million BTCMTX staked via the platform’s stake-to-mine protocol. 
<h2 class="wp-block-heading" id="strong-bitcoin-minetrix-allows-users-to-mine-btc-via-staking-strong">Bitcoin Minetrix allows users to mine BTC via staking</h2> 
Bitcoin Minetrix’s stake-to-mine protocol allows BTCMTX holders to earn cloud mining power simply by staking their tokens. 
This cloud mining power can then be used to mine Bitcoin without requiring expensive computing hardware or technical knowledge. 
For those unaware, cloud mining refers to the process of renting computing power from a remote data center to mine cryptocurrency. 
 You might also like: <a href="https://crypto.news/ethereum-express-rallying-bitcoin-minetrix-is-next/"> Ethereum Express rallying, Bitcoin Minetrix is next? </a> 
It eliminates the need for individual users to purchase and maintain their own mining rigs, which are often noisy and heat-intensive. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/rL5E01KQ2V0lO5jqKD2y6aU-aw9S32e8WfB_FjE6hBu6_9vtNUrUrzu180tKE2F1a0HiaYAtnmkpzWMSt_kLGEm09cAwxerEjbU4kv1QSY8kGlcq920ekHiy3L9k8zYfRz7pnNAH3x2Yc-cUvEzkvFo" alt="XRP holders exploring new altcoin, Bitcoin Minetrix - 17">
</figure> 
Bitcoin Minetrix’s stake-to-mine protocol can help democratize access to Bitcoin mining and promotes a more sustainable approach. 
This approach is particularly appealing as Bitcoin approaches its next halving event when mining rewards will decrease . 
 You might also like: <a href="https://crypto.news/next-bitcoin-halving-just-15k-blocks-away/"> Next Bitcoin halving just 15k blocks away&nbsp; </a> 
Besides the stake-to-mine model, staking BTCMTX offers a <a href="https://bitcoinminetrix.com/en/dashboard" target="_blank" rel="noopener"> yield of 75% per year</a>. 
Combining these two features has seen the project now <a href="https://coinsniper.net/" target="_blank" rel="noopener">ranked</a> second on CoinSniper.net. 
<h2 class="wp-block-heading" id="btcmtx-presale-in-progress">BTCMTX presale in progress </h2> 
No specific date has yet been set for Bitcoin Minetrix’s official launch, yet investors can still participate in the <a href="https://bs_b96bd0a7.crypto-news.care/" target="_blank" rel="noopener">ongoing presale phase</a>. 
At this stage, participates can buy BTCMTX for $0.0129 using Ethereum (ETH), USDT, or credit card. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/2q0sMYSdS3BNc1YJ10l5VeVGPj9-lYbzvrt7kJqNDk5dkz_axQrimawMpsItZhee_GGAiSDmUtGhrB8BaaQQuiRFdJIcgWuR8SUBESfwRvcc_8xD_Z-zF0KoHH96o3qHDYYccz9cMdhzHWit_M4bY94" alt="XRP holders exploring new altcoin, Bitcoin Minetrix - 18">
</figure> 
Bitcoin Minetrix’s team has opted to use a stage-based approach during the presale, meaning the offered BTCMTX price will increase every few days. 
<h2 class="wp-block-heading" id="strong-xrp-holders-exploring-bitcoin-minetrix-strong">XRP holders exploring Bitcoin Minetrix</h2> 
Considering <a href="https://bs_b96bd0a7.crypto-news.care/" target="_blank" rel="noopener"> Bitcoin Minetrix’s</a> features, presale funding, and community, XRP holders are looking at BTCMTX. 
Though XRP prices surged in 2017 and 2020, the upside momentum is fizzling. 
 You might also like: <a href="https://crypto.news/ripple-secures-in-principle-payments-license-in-singapore/"> Ripple secures in-principle payments license in Singapore </a> 
Ripple, the blockchain company using XRP in its on-demand liquidity (ODL) solution, is also embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC). 
This lingering regulatory uncertainty has put a cloud over XRP’s prospects in 2024 and beyond. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Twt5w1pq8RWkQ5k8eO05GvH4CdNLZkoMOK-JfyhVhpBLwFNV-gpOESoY9s2_EKDD2d8TMIWqx2SHAaxTTQxQY4b7cXlzgQuEFcNQ2_2Fo6QaXqPLQvnohjEVSLRanMPCB6F7CFjJnyLinZk6Pho-u-E" alt="XRP holders exploring new altcoin, Bitcoin Minetrix - 19">
</figure> 
With novel features like stake-to-mine and the high-yield staking protocol, XRP holders can consider BTCMTX and diversify their portfolios. 
Bitcoin Minetrix also allows XRP holders to diversify into the crypto mining space, which is expected to be <a href="https://www.linkedin.com/pulse/cryptocurrency-mining-market-global-outlook-2023-2030/" target="_blank" rel="noopener">reach</a> over $4.7 billion by 2028.&nbsp;&nbsp; 
 Read more: <a href="https://crypto.news/btc-surging-on-etf-approval-expectations-bitcoin-minetrix-presale-hits-8m/"> BTC surging on ETF approval expectations, Bitcoin Minetrix presale hits $8m </a> 
 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

XRP holders exploring new altcoin, Bitcoin Minetrix

Table of Contents

crypto.news

Other articles published on Jan 18, 2024

Ripple-Linked Flare (FLR) Becomes Only Top 100 Crypto With Double-Digit Gains

ETH growth leads Bitcoin as investors deploy $1 billion

Bitcoin Miners Curtail Operations During Texas Winter Storm

Bitcoin Mining Achieves 54.5% ATH Sustainable Energy Usage

Binance Lists Dogwifhat (WIF) as Solana Meme Coin Market Cap Hits $500 Million

SEI’s Remarkable Surge: Can It Break the $1 Barrier?

Join our free newsletter for daily crypto updates!