Whitepaper
Whitepaper
BTCMinetri
BTCMinetri
1. Project Summary
Bitcoin Minetrix aims to transform the bitcoin cloud mining landscape by introducing a Stake-to-Mine
mechanism automated by smart contracts. Offering a secure platform on Ethereum where tokens can
be staked and burned to earn mining hash power, Bitcoin Minetrix envisions a safe and efficient Burn credits to purchase mining hash power
ecosystem between blockchains that combats the drawbacks of conventional cloud mining.
Months of staking
Introduced in 2008, Bitcoin emerged as a decentralized digital currency operating on a blockchain. The 11
security of this network relies on a process called mining, initially manageable on personal computers.
However, as Bitcoin gained traction, the complexity of mining tasks surged, leading to the development 3 Months 6 Months 12 Months
The challenges and innovations of Bitcoin and cloud mining underscore the intricate balance between 100% 50% 25%
technological advancement and the imperative for trust in the crypto domain. While all BTC miners Hash Power
perform an essential role in securing the Bitcoin blockchain, the complexity of the undertaking has
-10% 1.23 T/H +10%
evolved to the point where large corporations provide arguably the only worthwhile options for ordinary
people looking to get involved.
3. The Business Case For Bitcoin Mining
Bitcoin mining is now a major industry around the world and steadily growing. With more firms emerging that base their operations solely on mining
BTC, the industry is expected to grow by $12 billion between 2022 and 2027 at a compounded annual growth rate (CAGR) of 11.35%, according to Infiniti
Research Limited.
Riot Blockchain is the largest mining company by hash power and market capitalisation. Its growth both in share price and fundamentals, alongside
several other large-scale players, shows there is still real opportunity and much higher growth potential in the sector.
Riot operated 88,556 mining rigs by the end of 2022 and had 6,974 BTC tokens in reserve at the time. Another major company, Marathon Digital
Holdings, held reserves of 12,232 BTC during the same period.
With the bitcoin mining sector still very competitive and poised to keep expanding over the next decade, Bitcoin Minetrix aims to put the opportunity to
join the mining race in front of everyday people, to provide a safe and secure gateway into the bitcoin mining sector without any of the hassle.
To achieve this, Bitcoin Minetrix will leverage the benefits of cloud mining, which allows individuals to tap into the collective power of corporate mining
rigs, while adding a new measure of safety and control using a method most crypto aficionados already know: staking. Bitcoin Minetrix decentralizes
the process of acquiring hash power to give users more security and control of their funds.
BTC
4. Understanding Cloud Mining
Traditional cloud mining allows users to rent mining power from corporate-run mining
companies, firms that host large-scale operations specifically designed to mine bitcoin
with optimal cooling solutions and thousands of mining rigs.
The customers enter into a contract with the cloud mining company which specifies the
amount of hash power rented, the time period, and the fees paid. Periodically, the cloud
mining firm pays out the mined bitcoin minus maintenance and electricity fees.
Benefits
Requires no technical expertis
No upfront hardware expense
No direct heat or noise generatio
Potential for passive rewards.
Stake to Mine
Drawbacks
Prevalence of fraudulent scheme
Potentially reduced profits due to fees and operating cost
Lack of autonomy regarding the mined cryptocurrenc
Mined crypto is subject to market volatility
5. The Problem of Cloud Mining Scams
Legacy cloud mining companies such as Fancy Crypto, Happy Miner, IDMining, USDminer, Muxminer, and NFTProX are alleged to have
exhibited questionable behavior during their operations.
Small initial investments often saw decent returns, enticing individuals to invest more. However, when users increased their deposits,
these platforms often presented unwarranted complications, demanded more funds, or prevented withdrawals.
The modus operandi of some of these companies reduced the trust people had in the business of cloud mining, usually concluding
that the risks of centralization were not worth the rewards.
BTCMinetri
Stake To Mine
Bitcoin Minetrix champions a brand new Stake-to-Mine methodology, converging the worlds of cloud
mining and token staking. With the key utility of tokenization promising to increase ease of access and
eliminate the need for purchasing cash contracts from mining companies, it strives to eliminate
scepticism surrounding cloud mining.
BTCMTX Token
The BTCMTX token, when staked in an Ethereum-powered smart contract, acts as the access card to
bitcoin cloud mining. Users can simply purchase and stake BTCMTX tokens to gain cloud mining credits,
which can be redeemed in exchange for hash power. This decentralized method safeguards users'
interests, ensuring a transparent and secure mining experience.
Mining Credits
Cloud mining credits are non-transferable ERC-20 tokens obtained by staking BTCMTX tokens. These Connect your MetaMask
wallet
BTCMTX
secondary tokens must be burned in exchange for designated BTC cloud mining time or a percentage of connect
mining yields. Maintaining mining credits as non-tradable tokens ensures they remain uncompromised.
STAKE TOKENs
Product Workflo
Buy BTCMTX tokens during or post-presal
Stake BTCMTX tokens to earn mining credit
Burn mining credits for allocated mining tim
Transfer mined BTC to personal wallet
The tokenization of the process of acquiring hash power ensures that end users retain full control of their
funds. BTCMTX tokens can be withdrawn or sold at any time, providing flexibility. BTCMTX also removes the
need to send any cash to purchase mining contracts. All hash power is acquired by burning the mining
credits earned through staking.
7. Presale
Bitcoin Minetrix aims to raise upwards of $15 million through the fair presale of up to 77.5% of the total token supply, with 22.5% reserved for
community initiatives and staking rewards. This will encourage the community to start staking BTCMTX tokens as soon as possible and add to
token stability. The funds raised will be used to launch the Bitcoin Minetrix platform and market the token, with the ultimate goal to purchase a
cloud mining plant or the long-term rental of a cloud mining facility.
8. Tokenomics
Bitcoin
Ticker: MTCMTX
Mining
Total Supply: 4,000,000,000
Marketing
Bitcoin Mining: 42.5%
Marketing: 35.0%
Community: 15.0%
Staking: 7.5%
Total Supply
staking rewards until the Bitcoin Minetrix cloud mining platform is developed.
Staking
Community
BTCMinetri
9. Roadmap
PRESAL
Phase 4: Mass Adoption of BTCMTX Token
MASS ADOPTIO
Industry research and consultatio Continued marketing to push market cap growth
Token, presale and staking contract developmen Cloud mining rental expansio
BTCMTX campaign - Presale, launch, claim and exchange listing Disrupt and reshape bitcoin cloud mining space
Extensive multimedia marketing campaign launch
DEVELOPMEN
App and desktop software development
Team expansion
Negotiations with cloud mining conglomerate
Stake-to-Mine contract developmen
Additional CEX listing
Stake-to-Earn BTCMTX tokens
LAUNC
Launch of Stake-to-Mine mobile and desktop dashboar
Burn mining credits for hash power liv
First mined BTC to wallet withdrawal
Company growt
Further negotiations with external cloud mining conglomerate
Extended marketing including affiliates and influencers
10. Conclusion
Bitcoin Minetrix envisions a rejuvenated cloud mining environment that aligns stakeholding and cloud mining. By ensuring transparency, user
autonomy, and token security, Bitcoin Minetrix aims to become a vanguard in tokenized cloud mining, providing a reliable BTC mining avenue
for everyday individuals and serious technophiles alike.
11. Disclaimer
Cryptocurrency involves the risk of capital loss. You should conduct your own research before participating in any presale and understand the
risk to reward ratio. Be responsible and never invest more than you are willing to lose. Cryptocurrency values can go down as well as up. This
whitepaper is for informational purposes only and does not constitute financial advice. The Bitcoin Minetrix team is not liable for any decisions
made based on this whitepaper, nor will any correspondence be entered into. By accessing this whitepaper, you agree to these terms.
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