French company Startmining has just launched its 2nd wave of START mints, unique NFTs that enable people to participate in Bitcoin mining without hardware and in a totally decentralized way. For the occasion, Startmining is also rolling out new staking pools. Find out how Startmining is redesigning the way individuals can mine BTC.
New wave of START token mint for Startmining
What if you could be rewarded for mining Bitcoin (BTC) without owning any hardware? Startmining, an up-and-coming company in the French crypto ecosystem, is offering tokenized Bitcoin mining rewards thanks to START, a non-fungible token (NFT) representing a portion of a mining pool.
Following a successful presentation at CES in Las Vegas, the company’s first mint of START tokens has been crowned with success. In the space of 3 weeks, 435 “START” NFTs were sold at a single price of $1,000, confirming miners’ interest in this future of mining made in Startmining.
After generating a great deal of interest at Vivatech in June, which took place in the heart of Paris, Startmining has just launched its second wave of START token mints. With a view to continued expansion, Startmining is also rolling out new staking pools for its users.
Returns are naturally bound to vary, as Bitcoin mining rewards are intrinsically dependent on the value of BTC, the power of the mining farm or the difficulty of the network at any given moment. Startmining also offers different staking pools, each with its own hashrate. Naturally, the more START tokens a user stakes, the greater the rewards.
To purchase START tokens, which can be obtained in ETH or USDT, interested parties need to go to the dedicated dashboard and connect an Ethereum-compatible wallet, where the START token(s) purchased will then be sent. At the same time, a Bitcoin address is also required to collect the rewards from BTC mining.
The START token, how does it work in practice?
It’s essential to understand that the structure of START tokens is quite unique: these NFTs, which can be likened to a bridge between classic BTC mining and decentralized finance (DeFi), add previously unsuspected flexibility to an essential process in the life of Bitcoin.
START tokens start generating rewards as soon as they are placed in staking pools, each of which symbolizes a mining farm. Although the lifespan of the different farms may vary (4 years for Alpha Startmining), START token holders have the total freedom to remove their tokens from the pools at any time, either to stake them in a new pool or to resell them on the secondary market.
Startmining dashboard
The farms offered by Startmining have different characteristics, whether in terms of their hashrate or the type of energy they use.
It’s worth noting that Startmining makes it a point of honor to offer only Bitcoin mining solutions based on green and responsible energy: that’s why the company operates centers using hydroelectric or geothermal energy, for example.
Startmining’s staking pools
As you can see, by eliminating the constraints usually inherent in BTC mining (electricity costs, VAT, purchase and management of equipment, etc.), Startmining offers a completely unique way of participating in the mining activity by being continuously rewarded in a simplified way.
A paradigm shift, according to Saimi Barragan, Startmining’s founder:
“START represents a real revolution in the world of cryptocurrency mining. We’re delighted to offer an innovative and more accessible solution. Thanks to START, individuals can now participate in this profitable business without worrying about the technical aspects and costs involved in mining. It’s a new paradigm that offers new opportunities for cryptocurrency miners.”
