Crypto Prices Sag But Bitcoin Minetrix Raises $820,000 for Secure Bitcoin Cloud Mining, While Risky Competitor Coin Fails DEXTools Audit
Much-talked-about Bitcoin cloud-mining project Bitcoin Minetrix ($BTCMTX) has raised more than $822,000 from investors in a week as it sets out to revolutionize the industry by tokenizing Bitcoin cloud mining.
It looks like this carefully thought-through project and its innovative use case is already attracting imitators. MineLab coin which launched on decentralized exchanges yesterday has seen its native coin soar in price by 10,300%. But there are worries that the coin could be a scam.
Cloud mining of Bitcoin is an attractive idea, but there are many instances of fraudulent operations where customers hand over money only for the mining revenues never to materialize.
Bitcoin Minetrix eradicates those problems because no cash changes hands, as everything is handled at the level of Ethereum smart contracts in a fully automated service.
The $BTCMTX coin is currently in presale, and after a rejigging of its price ladder, the current first stage ends on October 16th (in 6 days and 20 hours at the time of writing).
However, the first stage could sell out before then, which means you could miss out on the lowest price available of $0.011 by delaying. The next price point is $0.0111.
With $822,000 raised, more than half of the first stage sale total ($1,540,000) is complete and selling out the rest of the tokens at a quickening pace. Up to 70% of the total supply of 4 billion $BTCMTX is available to purchase at presale.
It is important to note that Bitcoin Minetrix is audited by blockchain security firm Coinsult. The project passed the audit with no major issues.
However, MineLab looks like a different proposition – in a bad way. No audit has been commissioned or completed. If there had been one carried out the team would presumably
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