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 you’ve 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 🔥, we will come up with part 2 soon.
P.S. If we gather more than 15 🔥, 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 are…
🇲🇹 Malta is the first crypto-friendly tax country to launch a comprehensive regulatory framework for ‘Distributed Ledger Technology’, earning itself the title of ‘Blockchain Island.’ Long-term capital gains taxes are not applied on investments in cryptocurrencies in Malta, and VAT is not applied on the sale and purchase of crypto either. So, your investment in cryptocurrency will be tax-free, which is excellent for investors.
🇸🇬 Singapore is an ‘Investment Haven’ in the sense that there are no capital gains taxes in Singapore. So, just like any other intangible property, anyone (whether an individual or an entity) who holds cryptocurrency for investment purposes does not have to pay any tax on capital gains. For businesses that are involved in cryptocurrency trading as their main activity, the profits will be taxed as normal income tax considering the crypto as any regular product.
🇲🇾 Malaysian law does not tax any long-term capital gains from any investment, including crypto investments; VAT tax is not applied in crypto trading either. Even day trading in cryptocurrency was tax-free until recently, making all transactions involving cryptocurrency tax-free. However, according to very recent debates, active cryptocurrency traders are required to declare their gains from trading. Since the profits from the purchase and sale of cryptocurrency are essentially revenue, they will be taxed as business income under income tax.
🇬🇪 Georgia has emerged as a crypto-friendly nation, offering a favorable tax regime for individuals engaging in cryptocurrency-related activities. Personal crypto gains are not subject to income tax. Additionally, the country offers tax benefits for miners and has been actively encouraging blockchain technology, further cementing its position as a welcoming hub for digital currency activities.
🇸🇻 El Salvador stands out in the cryptocurrency world as the first country to adopt Bitcoin as legal tender. Bitcoin transactions are free from capital gains tax, aiming to encourage its use and attract crypto entrepreneurs. This tax incentive, alongside other supportive regulations, positions El Salvador as a unique and potentially attractive destination for crypto investors and businesses looking for a friendly tax environment. In addition, the Salvadoran government has recently launched a program where you can obtain Salvadoran citizenship for investing $1 million in BTC or USDT in the country's economy, which sounds pretty tempting.
Write in the comments which country you would move to. And always remember that things can change, and it is important for investors and entrepreneurs to keep up with changes in legislation and regulation.
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Back to you to share some very harmful tips on how to run into a cryptoscam and lose a lot of money 📈
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