London, United Kingdom, United Kingdom, 10/26/2022 / SubmitMyPR /
MegaToken (HPW) has announced that they have started tokenizing electricity by supporting the computing power of the Bitcoin network. With MegaToken, one can now mine Bitcoin through staking tokens without having to worry about infrastructure, maintenance, updates, etc. Based on the latest changes in network difficulties and overall hash rates, the next halving time for the Bitcoin network will be March 21, 2024. In this case, the reward for mining each block of Bitcoin drops from 6.25 to 3.125 BTC. By examining the history of Bitcoin halving updates, an increase in demand for mining can be predicted. In order to provide equal access for all, distribute the mining centers and maximize profitability, MegaToken started tokenizing electricity with the support of the processing power of the Bitcoin network.
MegaToken has tokenized 100 megawatts of electricity equipped with miners to mine bitcoin. A total of 100 million tokens were created, with each token representing one watt of electricity. Tokens will be gradually released as the required power is supplied, and there will be no token that is short of power. Each token allows the user to mine bitcoin for life without worrying about maintenance.
As technology advances, miner devices are updated and replaced with new ones. Since each token corresponds to a constant watt of electricity, the user gains access to increased mining capacity and performance over time. Rest assured that all green electricity is used in this project, and MegaToken has set up Bitcoin mining farms in the most suitable places in the world, taking into account the cost of electricity generation, government regulations and human resources as the three key profitability indexes in the mining industry to maximize mining profits.
In MegaToken, the mined bitcoins are deposited into the user’s account on a daily basis, from which the user can easily withdraw them.