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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.
How many correct answers do you have?
Anonymous Poll
42%
0-2: At least youβve learned something new
47%
3-4: You surely know how to survive in crypto jungle
11%
5: A true animal lover detected
Smart contracts play a critical role in the Web3 ecosystem, but what do you really know about them? Read more what they are and why we, you, and everyone else needs them.
P.S. If we gather more than 15 π₯, we will come up with part 2 soon.
P.S. If we gather more than 15 π₯, we will come up with part 2 soon.
Telegraph
Smart contracts
Smart contracts are program code that is implemented and executed on a blockchain. Smart contracts can perform a variety of tasks, from selling common tokens or conducting NFT auctions to providing various information or managing entire projects. There areβ¦