Nobody would have thought that one day solving complex puzzles with the computing power of special hardware and software as well as validating crypto transactions would have the potential to permanently change our financial markets around the globe. But that is exactly what has happened since the emergence of Bitcoin and other cryptocurrencies. Based on the blockchain or other distributed ledger technologies, Bitcoin & Co. have become an integral part of the capital markets.
Their success also lies in mining, in which network participants provide computing power to solve complicated algorithmic puzzles and validate and add transactions to the blockchain. The proof of work required for this is still used today in the most successful cryptocurrency of all, Bitcoin, and has led to companies entering the lucrative market.
- In addition to the actual mining process, companies that are traded on the stock exchange and are involved in the development of the corresponding infrastructure and technology are also interesting.
- Mining is the creation, including mining, of new Bitcoin or other corresponding coins by miners. You will receive mining rewards as a reward at the end.
- Miners benefit when the price per Bitcoin is higher than the costs incurred for mining. Above all, the purchase and energy costs must be taken into account.
- Some mining stocks record sales in the double and triple-digit millions.
- Companies in the mining sector often own cryptocurrencies themselves.
Some mining stocks record annual growth rates of over 200%
Some success figures from the traditional financial sector pale in comparison to the growth in the crypto mining sector. The actual niche market is looking back on an unprecedented year, which should be particularly surprising given the weak prices.
While the Bitcoin price, like other PoW cryptocurrencies, is rather unspectacular, the hashrate is increasing. It indicates the activity of the miners because it includes the computing power used worldwide at a certain point in time.
If you look at this hashrate for the Bitcoin network, you can see that it is continuously increasing, which also ensures more robust network security. The number of transactions in the Bitcoin network is also increasing rapidly, which explains the increasing activity of miners. A rising hash rate also indicates that many traders are trading or investing in Bitcoin.
The most recent prices are comparatively low at the ATH of over €52,000. Many beginners are now getting into crypto trading, also in view of the upcoming Bitcoin Halving in April 2024. But that doesn’t necessarily have to mean investing in physical Bitcoin.
Mining stocks are also interesting as they record above-average returns and growth rates. They also benefit from the rising hash rate and increasing acceptance of Bitcoin.
The 5 fastest growing mining stocks in the crypto sector
| #1 | Riot Blockchain (RIOT) | Year-to-date +169.75% |
| #2 | Marathon Digital Holdings (MARA) | Year-to-date +126.76% |
| #3 | Bit Digital Inc. (BTBT) | Year-to-date +209.23% |
| #4 | Hut 8 Mining Corporation (HUT) | Year-to-date +107.96% |
| #5 | Cipher Mining (CIFR) | Year-to-date +137.60% |
What are mining stocks?
Mining companies have reached the financial world and are taking their rightful share there. Over the same period, heavyweight technology stocks also recorded surprisingly high gains, but mining stocks are at the top at an unprecedented rate. More and more investors are now becoming aware of these companies and investing in their shares.
These are primarily institutional investors who have previously invested in mining stocks. But the market is changing and the barriers to entry are falling. Despite the volatility of the sector, more and more private investors are discovering the opportunities for themselves.
The dreaded volatility brings with it an appeal to companies that are either directly or indirectly involved in the business of crypto mining, attracting the attention of short and medium-term investors in particular. Since the stock market itself is going through turbulent times, investors are looking for mining stocks as an alternative or to diversify their portfolio.
Mining stocks are assets in companies that are directly or indirectly involved in the niche market of crypto mining.
| pre sales | Price per token $ | Increase in value in % |
| Phase 1 | 0.0110 | |
| Phase 2 | 0.0111 | 0.91 |
| Phase 3 | 0.0112 | 1.82 |
| Phase 4 | 0.0113 | 2.73 |
| Phase 5 | 0.0114 | 3.64 |
| Phase 6 | 0.0115 | 4.55 |
| Phase 7 | 0.0116 | 5.45 |
| Phase 8 | 0.0117 | 6.36 |
| Phase 9 | 0.0118 | 7.27 |
| Phase 10 | 0.0119 | 8.18 |
| Phase 11 | 0.0120 | 9.09 |
| Phase 12 | 0.0121 | 10.00 |
| Phase 13 | 0.0122 | 10.91 |
| Phase 14 | 0.0123 | 11.82 |
| Phase 15 | 0.0124 | 12.73 |
| Phase 16 | 0.0125 | 13.64 |
| Phase 17 | 0.0126 | 14.55 |
| Phase 18 | 0.0127 | 15.45 |
| Phase 19 | 0.0128 | 16.36 |
Riot Blockchain
The platform was founded in 2000 and is one of the very experienced mining companies. Experts also like to describe the stock as a mega return opportunity. Since the beginning of the year, the shares of the US Bitcoin mining company have gained over 169.75%. The company is expanding rapidly and providing mining infrastructure for institutional customers. As part of Riot Platforms Inc., the mining provider operates its own mining facility in Rockdale, Australia, with a current total capacity of 0.7 exahash per second (EH/s).
Marathon Digital Holdings
Analysts predict that the company’s business will develop strongly over the next few years. The significant potential increase in value of the US company’s mining shares drove it to record levels. The stock has gained over 126% since the beginning of the year.
Bit Digital Inc.
Energy-saving Bitcoin mining is a priority for this company and its mining stocks. The mining facilities are located in the USA and Canada. Bit Digital was founded in 2015. The goal is to mine cryptocurrencies such as Bitcoin and Ethereum without emissions. Overall, the company is currently participating in the market with a maximum hashrate of 3.4 EH/s.
Hut 8 Mining Corporation
This provider wants to accelerate the fourth industrial revolution with its mining stocks and is contributing to this with state-of-the-art technology solutions and digital asset mining as well as high-performance infrastructure. The company is based in Canada and is rated rather critically by analysts despite very good results and financial data. This may be due to the volatile crypto prices.
Cipher mining
Cipher Mining is based in the USA and is dedicated to expanding the critical infrastructure of the Bitcoin network. The company emphasizes on its website that it believes in the strength and potential of Bitcoin and that the entire, top-class management team is passionately dedicated to the task. Technical analysis shows that the asset is up more than 76% over the last month. This mining share can convince with positive numbers in all performance values.
Mining coin: Bitcoin Minetrix
Bitcoin Minetrix is a mining coin in which the developers present an innovative concept not only with stake-to-mine, with which beginners and private investors can participate in Bitcoin mining without any hardware or software costs. They offer financial participation for all investors during the pre-sale, as they can lock their purchased tokens directly in the staking pool. The automatic increase in value in phases 1 to 19 in pre-sales of almost 17% also convinced many investors to invest in the project.
From trading to staking to mining credits: 1 $BTCMTX currently only costs $0.011
| pre sales | Price per token $ | Increase in value in % |
| Phase 1 | 0.0110 | |
| Phase 2 | 0.0111 | 0.91 |
| Phase 3 | 0.0112 | 1.82 |
| Phase 4 | 0.0113 | 2.73 |
| Phase 5 | 0.0114 | 3.64 |
| Phase 6 | 0.0115 | 4.55 |
| Phase 7 | 0.0116 | 5.45 |
| Phase 8 | 0.0117 | 6.36 |
| Phase 9 | 0.0118 | 7.27 |
| Phase 10 | 0.0119 | 8.18 |
| Phase 11 | 0.0120 | 9.09 |
| Phase 12 | 0.0121 | 10.00 |
| Phase 13 | 0.0122 | 10.91 |
| Phase 14 | 0.0123 | 11.82 |
| Phase 15 | 0.0124 | 12.73 |
| Phase 16 | 0.0125 | 13.64 |
| Phase 17 | 0.0126 | 14.55 |
| Phase 18 | 0.0127 | 15.45 |
| Phase 19 | 0.0128 | 16.36 |
In 9 steps to the new mining coin Bitcoin Minetrix
Step #1: Visit the Bitcoin Minetrix website
Step #2: Check if your wallet is suitable for ETH
Step #3: MetaMask and Trust Wallet are recommended, for example
Step #4: Load the wallet with sufficient fiat credit
Step #5: Use ETH, then be aware of the applicable gas fees
Step #6: Use USDT or BNB, then exchange the coins
Step #7: For credit card, wait for confirmation
Step #8: Now connect your wallet to the Bitcoin Minetrix website
Step #9: Buy $BTCMTX tokens and stake directly
You need to buy Bitcoin Minetrix tokens for at least $10. You can then either wait until the presale is over or enter the purchased BTCMTX directly into the staking of the protocol. This means the tokens are locked.
Conclusion: Mining stocks, like the new mining coin Bitcoin Minetrix, are a way to diversify your portfolio and add alternative assets to your portfolio. The hashrate in the Bitcoin network has been rising steadily for over a year and the blockchain is at capacity. The next halving is coming up soon, where the rewards for Bitcoin miners will be halved. This offers the opportunity to stock up on mining stocks or the Bitcoin Minetrix token in advance. The prices for Bitcoin are currently quite low, which also makes an investment worth considering.
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About the author: Stefanie Herrnberger works as a freelance speaker and editor. Her many years of professional experience in the areas of blockchain, cryptocurrencies and NFTs offer her the perfect background to report on current news and developments on decentralized and centralized financial markets. Stefanie has been investing in cryptocurrencies for several years. She understands the challenges and opportunities for crypto traders. Publications: https://de.cryptonews.com/editors/stefanie-herrnberger https://blockchain-technologie.digital/ https://www.facebook.com/groups/cryptonewsde/