Crypto Mining Profitability | How To Make Money With Mining In 2022

The profitability of crypto mining appears to have declined as Bitcoin prices plummeted in 2022. As a result, many mining companies have temporarily shut down their mining operations until the effort is profitable for them again.

Combining falling bitcoin prices with the ethereum network upgrade to proof-of-stake (PoS) means a double whammy for the profitability of cryptocurrency mining.

Typically, miners either mine the blockchain directly with their own mining rigs or pool their resources in a mining pool to find blocks and secure the network. Unfortunately, as the price of Bitcoin fell, the profitability of both strategies was greatly affected.

However, there is another way to make money from mining in 2022 besides mining directly in a mining pool.

This new method does not require miners to invest in expensive mining equipment, nor does it require miners to teach themselves the technical jargon required to join a mining pool.

Instead, this new method of mining involves investing in NFTs or coins that generate value using mining revenue. Pioneers in the space are about to launch their NFTs before their protocol goes live.

This article will introduce you to the Copium protocol and explain how it can help you make money from mining in 2022.

What is the Copium Protocol

Copium Protocol is a cryptocurrency mining investment ecosystem that provides a simple solution for participating in passive cryptocurrency mining. The whole idea behind this project is to revolutionize cryptocurrency mining by removing all technical terms associated with it and providing an opportunity to participate without investing in expensive mining equipment.

The Copium Protocol is a multi-pronged blockchain mining investment project. The entire ecosystem consists of the following categories;

  • opium mining
  • Investor Pass
  • copper
  • Copium Staking

The idea of ​​the entire ecosystem is to use the daily cryptocurrency mining revenue generated by the Copium Mining facility to buy Copium Coins from the open market and burn them – effectively reducing the supply, making it more scarce and valuable.

Let’s describe each part of this ecosystem and explain how it fits together.

Copium Mining Facility

The entire Copium protocol is based on Copium Mining, an established cryptocurrency mining company. The company owns several mining facilities around the world. However, their largest factory is located in Otago, New Zealand.

The mining facility is temperature controlled and unique because it is powered by an excess supply of 100% clean, green, renewable energy.

Cryptocurrency mining often receives negative press due to the large amount of energy required to power blockchain technology. As a result, most mining operations tend to use cheaper electricity bills that often come from environmentally polluting fossil fuels.

Fortunately, Copium Protocol doesn’t get any negative press, as their mining facility is powered entirely by hydroelectric power generated at the foot of New Zealand’s Southern Alps. Hydropower enables Copium Mining to operate a very efficient, profitable and low-cost business model.

Investor Pass

The initial launch phase of the Copium Protocol will begin with the issuance of the Copium Protocol Investor Pass. This is the set of 10,000 NFTs that will be minted on the Ethereum network in mid-October.

Copium Protocol Investor Pass holders will receive the following benefits;

  • Copium Coin Exclusive Airdrop——

This native ERC-20 token powers the ecosystem. In total, each investor pass is entitled to an airdrop of 10,000 Copium Coins.

  • Ability to stake passes on the platform in exchange for daily distribution of Copium coins –

Each investor pass staked on the platform will be allocated 10 Copium coins per day.

  • The ability to stake Copium Coin assets with a higher ROI than the public stake rate –

During the 24-month lock-up period, the highest possible open staking rate is set at 11%. In comparison, the minimum staking rate for Investor Pass holders is 12% during the 30-day lock-up period.

  • Automatic entry to the monthly Copium Protocol giveaway –

Copium Protocol hosts regular monthly giveaways that all Investor Pass NFT holders will automatically enter.

In addition to all these benefits, every Copium Protocol Investor Pass holder will enter a sweepstakes to win one of two Bitcoin giveaways.

Investor Pass NFTs are planned to be sold via copiumprotocol.io via a Dutch auction. The starting price of NFTs is 3.5 ETH. However, the first 2000 people who sign up through the project website will receive guaranteed minting points at a lower fixed price of 3 ETH.

Copiumcoin

Copium Coin is a native ERC-20 token that supports the Copium protocol. The token will be launched to the public at the same time as the investor pass. However, the Copium Coin pre-sale will run for 60 days prior to launch to generate the first initial liquidity. The pre-sale price per coin is $0.10.

In total, there will be a supply of 1 billion Copium Coins divided into the following categories:

  • 10% will be used for the initial airdrop for Investor Pass NFT holders.
  • 10% will go to the development fund.
  • 3% goes to the reward pool, which provides rewards for staked investor passes.
  • 10% will be allocated to the founder of the project.
  • 3% will be used for liquidity pools.
  • 7% is allocated to the project team.
  • 5% (soft cap) to 5% (hard cap) for pre-sale.
  • The remaining 46% is used for total distribution.

Staking platform

The Copium Protocol team will implement the Copium Staking platform after the successful launch of the Copium Protocol Investor Pass.

The Copium staking platform will be an important backbone of the entire ecosystem, allowing Copium coin holders to stake their tokens during a series of lock and unlock periods. In return, stakers will generate a high APY percentage return on their investment. Additionally, the longer the lock-up period, the higher the interest rate stakers receive on the platform.

The staking platform is non-custodial, which means that stakers will always retain ownership of their assets. After the staking contract expires, their wallet will count towards accrued interest. If a user wishes to cancel a locked staking contract before the expiration date, they will forfeit any accrued interest for the entire duration of the staking contract.

The staking platform has a range of interactive features that allow users to:

  • Customize personal share settings.
  • Predict future returns.
  • View current Copium Coin holdings.
  • View current contract expiration dates.

Investor Pass NFT holders will receive exclusive prices on the Copium Staking platform. The minimum investor pass holding rate remains above the maximum achievable open pledge rate. To illustrate this, look at the table below;

As you can see, the Investor Pass Holder Rate offers a much higher APY rate of return than the Open Staking Rate. Therefore, if you wish to maximize your staking investment returns, ownership of Investor Pass is critical to achieving this goal.

Additionally, if Investor Pass holders lock their shares for 36 months, they will also receive a one-time initial pledge rate of 38%. To ensure such a high APY, Investor Pass holders must stake at least 10,000 Copium coins.

How does the ecosystem fit together?

The following flowchart illustrates how the ecosystem works;

Time to explain how all these separate parts of the ecosystem fit together.

The entire ecosystem relies on the Copium Mining Facility, which mines cryptocurrencies every day. Proceeds from the sale of the Copium Protocol Investor Pass NFT will be used to upgrade the equipment and infrastructure of the Copium mining facility.

Copium Mining has a long and successful track record in cryptocurrency mining and is well respected in the New Zealand cryptocurrency industry. The facility has established some strong business connections, allowing them to use the funds from the investor pass sale to buy a large number of the latest generation of cryptocurrency miners.

After the mining facility is upgraded, the daily cryptocurrency mining revenue generated by the facility will be used to purchase Copium Coins from the open market. This provides continued demand and continued liquidity for Copium Coin.

The purchased Copium coins will then be sent to the burn address for removal from the supply. Therefore, Copium Coin will be a deflationary coin, becoming more scarce over time.

in conclusion

Overall, the Copium protocol provides a perfect solution to make money from mining in 2022 without requiring users to have a high down payment for expensive mining rigs.

Just buy a Copium Protocol Investor Pass to help you start earning money from the project. The Investor Pass will give you a Copium Coin airdrop of 10,000 tokens and a daily distribution of 10 Copium Coins. You can then stake Copium Coin on the staking platform to generate further returns.

ACCESS TO THE COPIUM PROTOCOL NOW

Leave a Comment

Your email address will not be published.