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Minto's solution, which allows the project to operate at a profit even in the toughest of times.
During a bear market, when other mining companies were shutting down and selling their equipment, Minto ran smoothly. All this thanks to our unique approach. Here's how we did it.
As you know, one of the highest costs in mining is electricity. Its price often rises so much that it creates unprofitable conditions for companies. Fortunately, our farm is located in a place where the price of electricity depends on the time of its use. And this is the solution our management came up with:
After analyzing all electricity price hikes, we significantly optimized our entire mining model to take into account electricity price fluctuations. During the periods of high electricity prices, our miners go into standby mode.
For example, from 7 am to 2 pm the miners are working steadily, and from 2 pm to 9 pm they are in standby mode. These operating hours may vary several times a year. On weekends and holidays, there are no power consumption spikes, so the miners can work around the clock.
Thus, it turns out that miners work 65% of the time, but continue to bring profit to users due to highly efficient work and flexible management decisions.
Right now it is too early to start working 100% every day as the market is still unstable. But we are sure that very soon this situation will change, and we will be able to make even more profits for you.
We are waiting for bitcoin to rise and for the market to revitalize to start working 100% for you. Give us a reaction if you want that too.
During a bear market, when other mining companies were shutting down and selling their equipment, Minto ran smoothly. All this thanks to our unique approach. Here's how we did it.
As you know, one of the highest costs in mining is electricity. Its price often rises so much that it creates unprofitable conditions for companies. Fortunately, our farm is located in a place where the price of electricity depends on the time of its use. And this is the solution our management came up with:
After analyzing all electricity price hikes, we significantly optimized our entire mining model to take into account electricity price fluctuations. During the periods of high electricity prices, our miners go into standby mode.
For example, from 7 am to 2 pm the miners are working steadily, and from 2 pm to 9 pm they are in standby mode. These operating hours may vary several times a year. On weekends and holidays, there are no power consumption spikes, so the miners can work around the clock.
Thus, it turns out that miners work 65% of the time, but continue to bring profit to users due to highly efficient work and flexible management decisions.
Right now it is too early to start working 100% every day as the market is still unstable. But we are sure that very soon this situation will change, and we will be able to make even more profits for you.
We are waiting for bitcoin to rise and for the market to revitalize to start working 100% for you. Give us a reaction if you want that too.