Once a contract has been executed, users can track the progress of their mining endeavor through the Genesis Mining dashboard. Additionally, users are able to easily split their rented hash power between different coins, allowing them to diversify their mining portfolio and hedge their risk. In addition to cloud mining, BeMine also hosts other people’s hardware and sells ASIC miners directly.
While the price of each NFT will start at 3.5 ETH, you can get them for a discounted price of 3 ETH by registering early. The deflationary mechanism goes a long way in sustaining the value of the token in the market in the long term. https://www.xcritical.in/ It encourages investors to stake their Copium Coin holdings and Investor Pass NFTs despite the ups and downs in the market. The platform distributes ten Copium Coins per staked Investor Pass for a guaranteed period of 24 months.
The funds generated from the NFT sale will be used to upgrade the infrastructure and hardware at Copium Mining. Once the facility has been upgraded, all the daily revenue generated from the mining facility is used to purchase Copium Coin from the open market. Users can earn from this protocol by investing in the Investor Pass NFTs or purchasing Copium Coin when it is launched to the public.
In addition, they sell top-tier miners from some of the largest mining companies, such as Bitmain and MicroBT. If you’ve ever been interested in earning a passive income through cryptocurrency mining, then Copium Protocol is certainly a project for you to take a deep dive into. The team will implement the Copium Staking Platform following the successful release of the Investor Pass NFT sale.
Users simply need to purchase an Investor Pass NFT to get started, and they will receive an exclusive airdrop of 10,000 Copium Coins to hold onto. The investment will improve the daily output of cryptocurrency mining at the facility, leading to a higher sustained demand for Copium Coins bought from the daily mining revenue. The platform has well-defined staking and burning mechanisms in place to distribute a share of the revenue generated from the upgraded infrastructure to investors. While most cloud mining platforms succeeded in lowering the initial investment barrier to crypto mining, the technical barrier remained too high for everyday investors to break in. The protocol’s tokenomics stipulate that, of a total supply of 1 billion tokens, 10% will go to purchasers of investor passes.
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This mining facility is unique as it is entirely powered by a surplus supply of 100% clean, green, renewable energy. The energy used is hydroelectricity, generated in the Southern Alps’ foothills in New Zealand. In short, the ecosystem is designed to use cryptocurrency mining revenue to provide a sustained demand for the project ecosystem. The pre-mint registration grants holders a white list spot to mint their Investor Pass NFTs at a special discounted rate of 3 ETH instead of 3.5 ETH.
- In addition, investors will be able to receive a certain number of Copium Coins and contribute to the advancement of the mining facility only by purchasing the NFT.
- The initial launch phase of Copium Protocol will see the release of the Investor Pass – a collection of 10,000 NFTs set to be minted early-mid October on the Ethereum Network.
- Copium Coin holders will be able to stake their holdings for a variety of high-yield interest rates and time periods.
- Copium Protocol is a multi-pronged cryptocurrency mining investment ecosystem that provides a simple solution to participate in passive cryptocurrency mining.
- It distinguishes itself because it allows consumers to passively invest in cryptocurrency mining.
Therefore, you might have to try a couple of these options to find a platform that suits your needs. Once a mining contract is signed, users receive daily payouts when requested and can control the mining contract from any device through the LetMeCloud dashboard. The business was founded in 2013 when the team set up its first mining facility in Eastern Europe. Since then, they have expanded to Iceland, Norway, and Sweden to offer ten different mineable cryptocurrencies through six different algorithms. The currencies that users can mine include Bitcoin, Dash, Ethereum, Litecoin, ZCash, and Monero. Lastly, BeMine also sells ASIC mining equipment to users so they can mine in their own location.
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Copium Mining has a successful long-term track record of operation in the mining industry and has a respected reputation in the New Zealand cryptocurrency mining circuit. The 10,000 NFTs will be sold through a Dutch Auction via the project’s website, and the auction will start at a price of 3.5 ETH. As a result, the self-sustaining ecosystem provides daily demand for the Copium Coin and also turns it into a deflationary asset. The ideal location of the mining facility allows Copium Mining to run an efficient, profitable business model. Copium Protocol is an innovative ecosystem for crypto mining investments built on the Ethereum blockchain.
In fact, the lowest possible staking rate for the Investor Pass (12%, locked for 30-days) is still higher than the highest possible public staking rate (11%, locked for 24 months). Therefore, it is essential to own an Investor Pass to maximize your ROI when staking. Any Copium Coin bought through mining revenue is directly sent to a burn address, removing it from the supply and making Copium Coin a deflationary asset.
The project has a mission to revolutionize the entire mining sector by removing unnecessary technical jargon that often prevents newcomers from entering the space. The project’s involvement plan for investors is neat, simple, and highly rewarding for those early birds that support the project from its very beginning. Registering for a https://www.xcritical.in/blog/best-way-to-earn-crypto-rewards/ Investor Pass NFT today will ensure you get the best out of this amazing crypto mining project. Each holder of the Copium Protocol Investor Pass receives an airdrop of 10,000 Copium Coins.
Investors can also stake the NFT on the platform in exchange for daily distribution of 10 Copium Coins per NFT, and they will be entered into monthly Copium prizes automatically. In addition, the Copium Staking Protocol will be installed after the Investor Pass is introduced. Additionally, you can stake your Copium Investor Pass in exchange for attractive yields.
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The entire idea of the project is to utilize Copium Mining to mine cryptocurrency and then use the daily revenue generated from mining to purchase Copium Coin from the open market. Copium Protocol is a multi-pronged cryptocurrency mining investment ecosystem that provides a simple solution to participate in passive cryptocurrency mining. One of their newest features is to pledge mining contracts to use as leverage while trading.
Once a user pledges their mining contract, they receive funds up to 100% of the contract’s worth to be used on the trading platform to multiply profits. After the loan from the contract has been repaid, the user can continue mining and earn a profit. Furthermore, the platform offers an Income Booster feature that auto-invests all mining revenue and allows users to earn up to 180% a year. The team will launch the Copium Staking Platform after the successful release of the Investor Pass. The staking platform allows Copium Coin holders to stake their assets in return for more Copium Coins.