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USDT Miner — on BSC!

Patrick Cryptozoa 10 36

Via Medium

USDT Miner — on BSC!

The largest stablecoin by Marketcap, 68 trillion at last count. Investors trade in and out of Tether, using USDT to lock in their gains into a US Dollar equivalent. USDT has its share of detractors…

Mine the largest Stablecoin on Binance Smart Chain.

From Unsplash

From Investopedia:

“Tether (USDT) is a stablecoin, a type of cryptocurrency which aims to keep cryptocurrency valuations stable. Tether is used by crypto investors who want to avoid the extreme volatility of other cryptocurrencies while keeping value within the crypto market.”

The largest stablecoin by Marketcap, 68 trillion at last count. Investors trade in and out of Tether, using USDT to lock in their gains into a US Dollar equivalent.

USDT has its share of detractors saying it could possibly destroy the entire crypto industry. I subscribe more to Dan Held’s response to Tether FUD: If you think Tether is going to fail, don’t own any. The rest of crypto, especially Bitcoin, will not be brought low by Tether.

“The amount of energy needed to refute bullshit is an order of magnitude larger than to produce it.” — Brandolini’s law

In any case, creating a miner that throws off 3% a day on the world’s largest stablecoin is a given, and doing it on Binance Smart Chain (BSC), a chain (unlike Ethereum) with low transaction fees, is also a given.

Introducing the USDC Tokenminer:

~from Tokenminer

Hook up your BSC enabled Metamask using my Referral link, make a USDT Deposit, and away you go: https://tokenminer.online/USDTMiner/?ref=0xe42FADa2bF9AceE93f371c87c7Dd81514a9B54E7

I’m not a coder, so I cannot really vouch for the validity and unruggability of this particular miner. I do have an insider who tells me this is a trusted dev, but your mileage may vary. I do plan on watching this miner carefully to see how it performs, and if it succeeds or fails you will know here first.

This miner is just hours old, and the BSCScan shows there is already $61,460 invested, so it’s a healthy amount in just a few hours, which is great to see.

These contracts rely on new money to fill up the pool of funds out of which it pays the 3% daily fee. You’ll want to see this number rise. If it begins to fall, think about how you can get your stake out. The best thing is to get your initial stake out way before you see this.

More popular miners on popular cryptos are key, and USDT is the biggest stablecoin crypto out there. Paired with a chain (BSC) with cheap and fast transactions will be another key to their success.