The TRUTH About Bitcoin Mining In 2024 (BTCMTX)

💡 Bitcoin Minetrix is the future of bitocin mining: https://bit.ly/48u12f7

Bitcoin Minetrix is a tokenized cloud mining platform that allows everyday people to mine bitcoin (BTC) in a decentralized way. They’re tokenizing cloud mining to ensure a secure and transparent experience.

They’re solving a huge problem by removing the risk of third party cloud mining scams and putting the control into the hands of token holders. Simply stake BTCMTX to earn credits, and use these to mine BTC.

🔥 Get $50 on Yieldification: https://bit.ly/48lNEZG
___________________________________________________
📈 Get up to $30,600 in Free Stock on Webull Investing App: https://bit.ly/333Em5M
___________________________________________________
⚠️ Follow Me On Twitter: https://twitter.com/financial_index
___________________________________________________
🎁 Get Up To $500 On Kucoin Crypto Investing App: https://bit.ly/3ombsHm
___________________________________________________
✅ Patreon Community: https://bit.ly/3aNRzAn
___________________________________________________
🏦 Get $100 in Free Stock on M1 Finance: https://bit.ly/2xiaSUB
___________________________________________________
💰 Get $5 in Free Stock on Acorns Investing App: https://bit.ly/3QGPehe

➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
⚠️⚠️⚠️⚠️DISCLAIMER⚠️⚠️⚠️⚠️
I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Michael Wrubel MAY have an ownership interest in them — DO NOT make buying or selling decisions based on Michael Wrubel’s videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Michael Wrubel. Any use of other media is by fair-use or license only.

Over the last year we’ve seen Bitcoin rally over 100% Bitcoin went from $155,000 per coin to well over $40,000 per coin over the course of 2023 and while this has happened Bitcoin miners have made a lot more money just think of it if bitcoin’s price is higher when

Bitcoin miners mine a Bitcoin they could sell it for more money so ultimately Bitcoin mining has become a lot more profitable and like I spoke about a few months ago I’ve spoken about Bitcoin M trxs many times in the past and it’s a platform that is currently in pre-sale

When last spoke about it they’d raised just around $125,000 at this time of filming they’ve raised just under $6 million and Bitcoin mrix for those you who didn’t see my previous video on it is a cloud mining platform that allows Everyday People to mine Bitcoin you don’t have to worry

About buying equipment you don’t have to worry about storing equipment you don’t have to worry about uh cash contracts with traditional Cloud mining platforms ultimately Bitcoin mrix does Bitcoin Cloud mining in a decentralized way and that’s something that I think is really unique and I think it’s resonant with a

Lot of people proven by the fact that they’ve raised so much money in the last two months they’ve raised an additional close to $6 million in the last two months so the thing I want to go over with this project is today is that the pre-sale is running out and it’s almost

Up right now you can still go ahead and buy their token in pre-sale the native uh token symbol is BTC MTX and you can see that you can still buy it with eth usdt card you also can do it with uh B&B W wallet you could just trans for that

You know connect your B&B wallet as well and with this project the few things that really stand out to me is that Bitcoin mrix is doing Cloud Mining and Bitcoin mining in a very unique way and if you look at their white paper they talk all about this in depth talking

About the Bitcoin mining industry the pitfalls of it and the problems that we have seen and some of these problems which I think are worth going over is that cloud mining traditionally allows individuals to engage in crypto mining without having to own equipment that’s like the main reason why people do it

They don’t want to buy equipment they can mine Bitcoin and so the benefits are like you don’t need to have any technical expertise you don’t need to have um buying Hardware you don’t have those upfront costs you don’t need to worry about uh heat or noise generation

You don’t have to worry about uh all of those different things those are benefits but the drawbacks of traditional Cloud mining is that there’s a prevalence of fraudulent schemes there’s been a lot of these in the past where companies have said yeah you send us money and we’ll give you portion of

Our our Bitcoin mining returns and ultimately the way that those worked in the past is that people would send a little bit of money those people would get returns that would get them to send even more money and when they would send larger sums of money they would never

Get anything back so that’s one of the big drawbacks also there’s uh reduced uh profits due to fees and operating costs they’ve lack of autonomy regarding mind cryptocurrency and mind crypto is subject to Market volatility it’s like harder to get out harder to get your money back from these Cloud mining

Platforms you can’t just easily retrieve your initial funds it doesn’t really work like that so that’s one of the big problems in the cloud mining space but with Bitcoin M tricks ultimately they offer a stake to mine solution where ultimately the way it works is you buy

BTC MTX tokens in the pre-sale or after the pre-sale then you’re going to stake these tokens to earn something called mining credits and then with these mining credits you have to burn them to then be allocated mining time and receive your Bitcoin rewards and then you could transfer your Bitcoin to your

Personal wallet it’s very simple so the thing that is unique about this is that the BTC MTX token ultimately is you buy that you stake it you receive mining credits and then those mining credits allow you to then go ahead and get a portion of the profits from the Bitcoin

Mining um that they’re doing so the key thing with this is that it’s an erc20 project where you don’t have to worry about not getting your funds back initially because when you buy the BTC MTX tokens you could sell those at any time if you decide that you don’t want

To stake your tokens anymore you don’t want to get Bitcoin mining credits you could say look I’m just going to sell these I want to take my initial investment out but at the same time if you like the mining Bitcoin and you like the profits you’re generating you can

Just keep those staked and then you’ll generate consistent Bitcoin mining credits which you can then burn for um a portion of the mining profit so that’s the benefit of this with traditional Cloud miners you send money up front it’s hard to get that money back because

You’ve sent it to them they can do whatever they want with it with Bitcoin M tricks ultimately you don’t send any money upfront to them you simply buy a token that at any point in time in the future you could sell that token if you want and that’s your initial investment

Back out so that’s a very easy way to get in and out of this project when other Cloud miners simply don’t offer it it’s literally impossible you sign a contract you send a bunch of cash over it’s not possible so Bitcoin mrix is looking to raise around $15 million

During their pre-sale um total Supply is going to be right at 4 billion token the thing is if you look at the breakdown there’s going to be 35% to marketing 15% to community 7.5% to staking and 42.5% will be used to fund the Bitcoin mining operations of the project so this

Is something that is really unique and really different in the crypto mining space you can see that right now they are still in the phase one of their road map if you look at the road map phase one consists of research pre-sale token distri bution and that’s really where we

Are right now they’re having a lot of community involvement Community engagement uh marketing campaigns going on to reach more people then to phase two that’s going to be the platform development and facility setup ultimately what they’re going to be looking to do is have an app and desk desktop software

Development build out their team negotiate with Cloud mining conglomerates to ultimately either you know buy an existing facility or rent a long-term um like do a long-term contract with an existing facility they’re also going to look at having centralized and decentralized exchange listings and um start to launch the

Stake to mine contract development phase three is going to be the public launch of stake to mine platform that’s going to be where they officially launch stake to mine mobile and desktop dashboard um burn mining credits for hash power is going to be live first mine Bitcoin is

Going to be uh officially available you’re going to be able to withdraw that during phase three and then to phase four that’s going to be Mass adoption so really if you’re looking at Bitcoin mining has just become more and more profitable over the last few years ever since bitcoin’s price continues to

Increase it makes it more profitable to mind Bitcoin as long as electricity costs stay pretty much the same because if Bitcoin one Bitcoin is more expensive well then you can sell that for a higher price and as a Bitcoin miner you can generate more profits so this is a

Project that is definitely definitely worth checking out in my opinion I invested in it back when I did that video a few months ago on this project and I think it’s just going to continue to um increase in value you can see that it has a very low cost entry point it

Has a much higher um aspect of Safety and Security because it’s decentralized uh the risk is a lot lower because you can withdraw and sell your tokens at any time you have not you don’t have to like um sign a contract and send over a bunch

Of cash you don’t have to do that it’s very simple you can do it with eth BNB usdt card and symol to stake and uh the staking period the Locking period is variable just dependent on on staking so this project is still in its pre-sale I

Bought a lot of it during our last video I’ll link that video down below but I definitely think it’s worth checking out and I’m curious to see your thoughts on it are you bullish on Bitcoin mining are you bullish on bitcoin what’s your thoughts just in general