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The Bitcoin mining industry has come under a lot of pressure due to the amount of energy consumed, which environmentalists say is detrimental to the global climate. The amount of money and equipment required has also caused challenges in the crypto community for investors who wish to participate. The problem has now come with these large entities charging large deposits to enter into such contracts and after that, take a share of the yields. That is the best-case scenario, as the landscape is filled with scammers who lure users with good returns at the beginning, but everything begins to dry up.
The groundbreaking use case eliminates the need for expensive hardware and technical expertise. Furthermore, it is an Ethereum-based platform. It means users can participate using a wallet they are comfortable with, including MetaMask. The Bitcoin halving event is only a few months away and has traditionally been great for the price of Bitcoin. Analysts believe the pattern will continue this year, helping push the biggest crypto significantly higher.
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