Crypto mining took some major hits this summer with the price of Bitcoin dropping in 2022 due to rising inflation and an eminent energy crisis. All of that 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 the costs of energy being low. With the energy future uncertain, some mining companies decided to take pause and temporarily close their mining operations.
Unfortunately for the Bitcoin miners, all this coincided with the Ethereum network upgrading from Proof-of-work (PoW) to PoS, a move that exposed Bitcoin supporters to even more criticism, for keeping with the PoW protocol.
PoW protocol often got called out as energy inefficient and power consuming. Those critics ignore the fact that crypto mining is green and efficient when it relies on renewable energy. Mining operations powered by such sources are beating the prejudice and reshaping the way mining is conducted.
A new method of making money with mining recently emerged that relies on renewable energy sources and does not require miners to own expensive mining equipment to start making money with mining.
Copium Protocol is a new crypto mining method that involves investing in an NFT or a coin that uses mining revenues 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.
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 don’t want to spend on expensive mining equipment but would like to participate in the mining process without all the fuss. This is also the best solution for those concerned about the energy deficiency of the crypto mining process.
The multilayered Blockchain mining investment project consists of a first-class mining facility called Copium Mining, which relies on renewable energy, and a plan for investor involvement including The Investor Pass, Copium Coin, and Copium Staking.
In short, the investors get involved by purchasing an NFT pass that gives them access to the project’s native coins and rewarding staking plans with some of the highest annual percentage yields (APY) we’ve seen so far. But let’s explain those in more detail.
Copium Mining Facility – the Future of Crypto Mining
Copium Mining is a registered cryptocurrency mining company that owns several mining facilities worldwide. The largest of those facilities is located in New Zealand and is completely powered by renewable energy.
Copium Mining facility is set in a temperature-controlled location that is also rich with clean energy. The facility is set in New Zealand’s Southern Alps, just outside the small town of Dunedin, Otago. The facility uses hydroelectricity generated from abundant local sources, making this a very efficient and low-cost business model.
This means that Copium Mining is not only efficient in a time of energy crisis but also respectful towards preserving the environment and making crypto mining a greener business.
The Investor Pass – an NFT Ticket to Greener Crypto Mining
This amazing crypto mining project is at its start phase which begins with the release of the Copium Protocol Investor Pass. Each pass is an NFT in a collection consisting of 10,000 NFTs set to be minted on the Ethereum blockchain in October.
Each holder of the Copium Protocol Investor Pass 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 rates reserved only for them. These rates are made to be higher than the maximum public staking rate.
This is not all. Copium Protocol hosts giveaways every month and holding an Investor Pass NFT gives you automatic access to these giveaways. Each minted Investor Pass goes into the 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 register on the official website, giving 2,000 people a guaranteed mint spot at a lower, fixed price of 3 ETH.
Copium Coin – New Value for Crypto Mining in 2022
Copium Coin is the project’s native Ethereum-based token that is set to be launched simultaneously with the Investor Pass. However, there is the first batch in presale for $0.10 per coin.
Copium Mining Facility will use its daily cryptocurrency mining revenue to purchase Copium Coins from the open market, providing the Coin with constant liquidity. The purchased Copium Coins will then be burnt, reducing the supply, increasing scarcity, and ensuring Copium Coin remains a deflationary token.
The coin that powers the Copium Protocol will have a total supply of 1 billion, with the first 100 million expected to be distributed in the initial airdrop to Investor Pass holders.
Copium Protocol Staking Platform
Copium Protocol Staking Platform is the place where Copium Coin holders can choose to stake their tokens for a range of locked and unlocked periods in return for a high APY. Users will be able to customize their stake settings and view current contract expiry dates and expected future returns.
The Platform offers a range of staking rates to choose from, with longer lockup periods offering the best interest rates. There are also exclusive Investor Pass holder rates that are considerably higher than the public staking rates.
The public staking rate for a 30 days lockup period is 4.5%APY, while the exclusive Investor Pass holder rate for the same lockup period is 12% APY. The exclusive Investor Pass holder rate for a 24 months lockup period is astonishingly 28% APY, while the public staking rate is 11% APY.
There is also a one-time-only initial staking rate of 38% exclusive to Investor Pass holders who decide to lock their stake for 36 months. For this staking rate, there is a required minimum limit of 10,000 Copium Coins that need to be locked.
The Staking Platform will be open following the successful launch of the Investor Pass, and it will be a non-custodial platform, meaning that stakers retain ownership rights to their assets.
All of this points to Copium Protocol Investor Pass NFT as the best route to go if you wish to get the most out of this amazing crypto mining project.
The Copium Protocol project is one of the best mining solutions we’ve seen presented in 2022 so far. This project’s sustainable energy solution relies on the abundance of New Zealand’s hydropower. Copium Protocol returns the faith in crypto mining in the middle of the worst crisis it has ever endured by fueling it with green energy.
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 Copium Protocol Investor Pass NFT today will ensure you get the best out of this amazing crypto mining project.