Crypto Mining in 2022 – Is It Worth It?
Crypto mining took some big hits this summer as the price of Bitcoin plummeted in 2022 due to rising inflation and an eminent energy crisis. All this combined with a significant turn of Bitcoin competitor Ethereum towards Proof-of-Stake (PoS) made many investors wonder if crypto mining is still worth it.
Mining is largely dependent on low energy costs. With the energy future uncertain, some mining companies decided to pause and temporarily shut down mining operations.
Unfortunately for the Bitcoin miners, this all coincided with the Ethereum network upgrading from Proof-of-work (PoW) to PoS, a move that exposed Bitcoin supporters to even more criticism, for sticking to the PoW protocol.
The PoW protocol was often called out as energy-inefficient and power-consuming. These critics ignore the fact that crypto mining is green and efficient when it relies on renewable energy. Mining powered by such sources defeats prejudices and reshapes the way mining is done.
A new method of making money from mining emerged recently that relies on renewable energy sources and does not require miners to own expensive mining equipment to start making money from mining.
Copium Protocol is a new crypto mining method that involves investing in an NFT or a coin that uses mining revenue to generate value. In this article, we will talk about this promising project and show you how the Copium protocol is set to save crypto mining in 2022.
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The Role of Copium Protocol in Crypto Mining 2022
Copium Protocol is a cryptocurrency mining investment project that provides easy access to mining for those who do not want to spend on expensive mining equipment, but want to participate in the mining process without all the fuss. This is also the best solution for those who are concerned about the lack of energy in the crypto mining process.
The multi-layered Blockchain mining investment project consists of a first-class mining facility called Copium Mining, which relies on renewable energy, and an investor engagement plan including The Investor Pass, Copium Coin and Copium Staking.
In short, investors get involved by purchasing an NFT Passport that gives them access to the project’s native coins and rewarding staking plans with some of the highest Annual Percentage Returns (APY) we’ve seen so far. But let’s explain them in more detail.
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Copium Mining Facility – the future of crypto mining
Copium Mining is a registered cryptocurrency mining company that owns multiple mining facilities worldwide. The largest of these facilities is located in New Zealand and is entirely powered by renewable energy.
The Copium Mining facility is located in a temperature-controlled location that is also rich in clean energy. The facility is located in New Zealand’s Southern Alps, just outside the small town of Dunedin, Otago. The facility uses hydropower generated from abundant local sources, making this a highly efficient and affordable business model.
This means that Copium Mining is not only efficient in a time of energy crisis, but also respectful to preserve the environment and make crypto mining a greener business.
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Investor Pass – an NFT ticket to Greener Crypto Mining
This amazing crypto mining project is in its initial phase beginning with the release of the Copium Protocol Investor Pass. Each pass is one NFT in a collection of 10,000 NFTs to be minted on the Ethereum blockchain in October.
Each Copium Protocol Investor Pass holder receives an airdrop of 10,000 Copium coins. Once these coins are in your wallet, you can choose to stake them on the platform to receive 10 new Copium coins every day. These daily earnings are guaranteed for two years regardless of the price of Copium Coin until you decide to claim the earned coins.
Investor Pass holders will also be able to stake their Copium coin at special prices reserved only for them. These rates are designed to be higher than the maximum public bet rate.
This is not all. Copium Protocol organizes giveaways every month and having an Investor Pass NFT gives you automatic access to these giveaways. Each minted Investor Pass is entered into a draw to win one of two Bitcoin giveaways.
The Investor Pass NFTs are scheduled to be sold by Dutch Auction at the starting price of 3.5 ETH. The project has a special offer for early birds who sign up the official websiteand gives 2000 people a guaranteed coin slot at a lower fixed price of 3 ETH.
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Copium Coin – New value for crypto mining in 2022
Copium Coin is the project’s original Ethereum-based token to be launched at the same time as Investor Pass. However, the first batch is in presale for $0.10 per coin.
The Copium Mining Facility will use its daily cryptocurrency mining earnings to purchase Copium coins from the open market, providing the coin with constant liquidity. The Copium coins purchased will then be burned, reducing supply, increasing scarcity and ensuring that the Copium coin remains a deflationary token.
The coin powering the Copium protocol will have a total supply of 1 billion, with the first 100 million expected to be distributed in the first airdrop to Investor Pass holders.
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Copium Protocol Staking Platform
The Copium Protocol Staking Platform is the place where Copium Coin holders can choose to stake their tokens for a number of locked and unlocked periods in return for a high APY. Users will be able to customize their bet settings and see current contract expiration dates and expected future returns.
The platform offers a range of stake rates to choose from, with longer lock-in periods offering the best interest rates. There are also exclusive Investor Pass holder rates that are significantly higher than the public bet rates.
The public rate for a 30-day lock-in period is 4.5% APY, while the exclusive Investor Pass holder rate for the same lock-in period is 12% APY. The exclusive Investor Pass holder for a 24 month lock-in period is an astonishing 28% APY, while the public bet is 11% APY.
There is also a one-off initial bet rate of 38% exclusive to Investor Pass holders who decide to lock in their bet for 36 months. For this stake rate, there is a required minimum limit of 10,000 Copium coins to be locked.
The staking platform will be open after the successful launch of Investor Pass, and it will be a non-custodial platform, meaning stakers retain ownership rights to their assets.
All of this points to Copium Protocol Investor Pass NFT as the best way to go if you want to get the most out of this amazing crypto mining project.
>>>Register for Copium Protocol Investor Pass NFT<<
Conclusion
The Copium Protocol project is one of the best mining solutions we have seen presented in 2022 so far. This project’s sustainable energy solution relies on the abundance of New Zealand’s hydropower. Copium Protocol returns faith in crypto mining in the midst of the worst crisis it has ever gone through by giving it green energy.
The project’s investor involvement plan is tidy, simple and very rewarding for the early birds who support the project from the very beginning. Registering for a Copium Protocol Investor Pass NFT today will ensure you get the best out of this amazing crypto mining project.
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