MegaToken (HPW) has introduced that they’ve began tokenizing electrical energy with the assist of the processing energy of the Bitcoin community.

London, UK, Oct. 26, 2022 (GLOBE NEWSWIRE) — MegaToken (HPW) has introduced that they’ve began tokenizing electrical energy with the assist of the processing energy of the Bitcoin community. With MegaToken, one can now mine Bitcoin via staking tokens with out worrying about infrastructure, upkeep, updates, and so on. Based mostly on the most recent adjustments in community difficulties and complete hash charges, the following halving time for the Bitcoin community will likely be March 21, 2024. On this occasion, the reward for mining every Bitcoin block will lower from 6.25 to three.125 BTC. By analyzing the historical past of Bitcoin halving updates, a rise within the demand for mining may be predicted. To create equal entry for everybody, unfold out the mining facilities, and maximize profitability, MegaToken has began to tokenize electrical energy with the assist of the processing energy of the Bitcoin community.

MegaToken has tokenized 100 megawatts of electrical energy geared up with miners to mine Bitcoin. A complete of 100 million tokens have been created, with every token equaling one watt of electrical energy. Tokens will likely be launched step by step as soon as the required electrical energy is equipped, and there will likely be no tokens missing electrical energy. With every token, the consumer can mine Bitcoin for all times with out worrying about upkeep.

With the expansion of know-how, miner units are up to date and changed with new ones. Since every token is equal to a relentless watt of electrical energy, the consumer will acquire entry to elevated mining capability and energy over time. Relaxation assured that fully inexperienced electrical energy is used on this challenge, and MegaToken, considering the prices of electrical energy manufacturing, governmental laws, and human assets as three necessary indices of profitability within the mining trade, has arrange Bitcoin mining farms in probably the most appropriate locations on this planet to maximise mining earnings.

In MegaToken, the mined Bitcoins are deposited day by day into the consumer’s account, from which the consumer can simply withdraw them.

Coming into the sphere of Bitcoin mining with MegaToken

With the rise in demand for Bitcoin mining earlier than the halving in 2024, primarily based on knowledge from earlier halvings, cloud mining plans will shut down, whether or not as a result of exhaustion of the gross sales capability or the cost-ineffectiveness of mining for the service supplier, in different phrases, it is extra worthwhile for the businesses to mine for themselves as a substitute of promoting the mining capability. One can shortly enter the Bitcoin mining world by shopping for MegaTokens. Not like cloud providers that supply long-term plans during which the consumer loses the preliminary activation price, with MegaToken, along with utilizing Bitcoin mining plans with intervals of 90, 180, and 360 days, the consumer can promote the tokens after the tip of the interval and get a revenue or complete or partial return of the preliminary price or can restart staking and proceed mining with the out there plans.

The mined Bitcoins will likely be deposited into the consumer account day by day, and withdrawal is feasible as soon as the minimal quantity of 0.001 BTC is reached. If this threshold is handed, day by day withdrawal will likely be doable.

Processing energy

Contemplating present miners’ know-how and processing energy, each 50 MegaTokens have the processing energy equal to at least one terahash per second (Th/s). In different phrases, every MegaToken gives a hash fee of 0.02 Th/s. Please be aware that, in contrast to typical plans, this challenge gives the chance to buy a token equal to the electrical energy required for mining, not the processing energy. So, with the development of know-how within the coming years and the rise within the processing energy of mining units, the processing energy of every token will enhance.

Goals of the MegaToken challenge

When Bitcoin was first launched, most people knew little about it as a result of its rising nature; beginning to mine Bitcoin required excessive technical data and was typically considered a high-risk funding as a result of its unfamiliar nature. Regardless of technological developments, mining stays difficult as a result of tools prices, native authorities laws, and the time and power required to run a Bitcoin farm. MegaToken intends to make mining out there to everybody worldwide, offering an equal alternative for all to get entangled with the mining phenomenon. For this objective:

  • 100 megawatts of inexperienced electrical energy and the tools wanted to create a Bitcoin farm and mine have been thought of.
  • It’s aimed to be listed within the prime 10 exchanges on this planet of cryptocurrencies, together with Binance and Coinbase.
  • Deliver the common power effectivity of the tools to 0.03 Th/s per token.

One minute away from mining Bitcoin!

The MegaToken challenge is presently in its preliminary providing or ICO part. Anybody can shortly create an account on the challenge’s essential web site, join their Metamask pockets, and buy a MegaToken immediately utilizing BNB or BUSD. By staking the token, the consumer will instantly develop into a miner!

Disclaimer: There isn’t any supply to promote, no solicitation of a proposal to purchase, and no suggestion of any safety or some other services or products on this article. This isn’t funding recommendation. Please do your personal analysis.

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