Staking by X Mining holds the potential to revolutionize Bitcoin mining
Disclaimer: The information provided in this article should not be considered as investment advice. The content and materials presented here are for educational purposes only.
X Mining, a Bitcoin mining infrastructure created to democratize the process of Bitcoin mining, is introducing early access to Bitcoin mining profits.
The Stake-to-Mine Model of X Mining
The world of Bitcoin mining is filled with expensive mining rigs and complex technical knowledge that requires a significant investment of money, time, and energy.
These are the challenges that the X Mining project aims to address through its “stake-to-mine” model, which aims to make Bitcoin mining accessible and potentially profitable for everyone.
Check out:
WEN airdrop concludes with unclaimed supply burned, price sees significant movement
The platform’s vision is to democratize the process of Bitcoin mining, making it not only available to established mining entities but also to all individuals interested in the crypto space.
The design of the platform focuses on efficiency, simplicity, and user-friendliness.
To create this simplified Bitcoin mining infrastructure, X Mining utilizes a shared mining pool. Participants can start mining BTC by staking their XMINING tokens, eliminating the need to purchase expensive mining rigs or possess technical expertise to operate a node.
Participants in the staking pool can expect to receive a reward of 162.3 XMINING per mining block. This reward is distributed to each user based on their stake in the pool and the predetermined annual rate.
Presale of X Mining Tokens
To acquire XMINING tokens, participants must take part in the ongoing X Mining presale.
When a user engages in the presale by purchasing XMINING tokens, their assets are immediately staked, allowing them to earn rewards from the day of acquisition. Over time, their assets will accumulate.
You may also like:
Google ends five-year ban on crypto ads as Bitcoin ETF becomes visible
The presale is divided into two phases, each offering the XMINING token at a different price. The first phase offers XMINING at $0.0070, followed by subsequent phases at $0.0077, $0.0084, and $0.0102. The tokens will be listed on crypto exchanges at $0.025.
Users are encouraged to connect their wallets and use Ethereum (ETH) to purchase XMINING tokens and participate in the presale.
According to a tweet from the project, the X Mining smart contract has been audited by Coinsult audit to ensure transparency and investor-friendliness.
Read more:
PayPal backs crypto security startup Mesh with its PYUSD stablecoin
Disclaimer: The content provided in this article is sourced from a third party. crypto.news does not endorse any products mentioned on this page. Users are advised to conduct their own research before making any decisions related to the company.
Follow Us on Google News
