Minto
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We make Bitcoin mining and savings available for everyone.

Official EN chat: @btcmtofficialchat

Website: https://minto.finance/
Twitter: https://twitter.com/BTCMTOfficial
RU channel: https://t.me/minto
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VOTE#8 is coming ๐Ÿ’š

Will Minto get the miners back up to full capacity? Only our holders will decide.

We suggest considering to switch the actively used 28,500 TH/s of hashrate, which provides mining rewards to Minto holders under staking and Autofarm v2 contracts to the 100% uptime mode. Read more in our article.

And while you are deciding which way to cast your vote, our team will be happy to answer all your questions in the comments ๐Ÿ‘‡๐Ÿป
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Let's discuss!๐Ÿ”ฅ

As a result of vote #7, a decision was made to create a joint treasury for flexible use of the accumulated income by voting in accordance with DAO principles.

The treasury will help the project to react quickly in favorable market conditions or, conversely, to limit the impact of market negativity. But how exactly will the governance mechanism work? We have described this process in detail in the article.

We look forward to your questions, suggestions and proposals in the comments ๐Ÿค”
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Vote #8 on switching to 100% uptime is declared open!

Quick reminder: we propose to return the miners to work at full capacity in 100% uptime mode.

You can vote and find out more details here.

Voting will end at 05.02.2024 03:00 PM UTC(+04).
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We asked a neural network what Minto employees look like. And this is what we got ๐Ÿ‘€

Give us โค๏ธ, if you want to see more of our team.
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Only 6 hours left until voting #8 is over! ๐Ÿ“ˆ

Please vote for or against the proposed changes here.
Vote #8 ended with the decision not to switch to 100% Mining Hardware Uptime Mode. Miners will continue to operate as before.

Thank you all! Stay tuned!โค๏ธ
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Can't spare the funds to invest more in $BTCMT, but really want to? I think weโ€™ve got something for you!

Don't forget to share this with your friend who always uses it as an excuse!๐Ÿ’ฐ
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๐Ÿ“ˆ Despite being the world's first and most famous cryptocurrency, Bitcoin does not support smart contracts, a function that is a key element of other blockchain platforms such as Ethereum or Solana. We tell you a few reasons why Bitcoin has not included smart contracts in its protocol.

First, Bitcoin is designed with a focus on simplicity and security. Its main goal is to provide a decentralized form of digital finance. Instead of complex smart contract capabilities, bitcoin focuses on providing secure and efficient financial transactions. The addition of smart contracts may entail increased network complexity and security risks.

Second, Bitcoin uses a scripting language that determines how transactions occur. However, these capabilities are limited to prevent potential security threats. The scripts in bitcoin were designed to provide basic functionality, not to execute complex program code as smart contracts do.

Third, changing the underlying Bitcoin protocol requires the consent of the entire bitcoin community. Bitcoin stands on the principles of decentralization and consensus security. Making changes could cause disagreement within the community, which could lead to forks or the creation of alternative branches of the bitcoin blockchain.

It is important to note that Bitcoin and other smart contract platforms have different goals. For example, Bitcoin sees its purpose as a long-term investment. Ethereum, on the other hand, focuses on creating decentralized applications and smart contracts, which provides greater flexibility for developers.

Despite the lack of smart contracts in the underlying protocol, there are several attempts to implement bitcoin-based smart contracts. An example is Rootstock (RSK), a sidechain that uses tokens instead of its own cryptocurrency. However, these solutions have not significantly changed the underlying bitcoin protocol.

Like it if it was useful โค๏ธ
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We started 2024 in a great mood, and we are attaching a report to prove it ๐Ÿ’ฐ
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Mining cryptocurrency is not a pricey pastime, but if you decide that you want to get into it, we tell you what the main costs you will have to deal with.

Hardware: purchasing hardware such as ASIC miners is a major expense. These devices are designed to efficiently execute the hashing algorithm used by bitcoin.

Electricity: mining requires a significant amount of electricity and its cost can have a significant impact on the overall cost. Electricity consumption is determined by the hash rate of the device and the cost of electricity at the point of use.

Cooling and Ventilation: Mining equipment generates a tremendous amount of heat and requires specialized cooling and ventilation systems to cool it effectively.

Software: Costs may also include the cost of software used to configure and manage the mining devices.

Maintenance and Repairs: Over time, your mining equipment may require maintenance or repairs. Consider these costs when estimating the total cost of mining.

Internet: A stable internet connection is necessary to exchange data with the blockchain. Internet connection costs may vary by plan and region.

Taxes: Different countries and regions may have different tax regulations for cryptocurrency mining. It is important to consider the tax liabilities associated with bitcoin mining, such as income tax or capital investment tax.

Security: Protecting your mining equipment from theft, hacking or other security events may require investment in additional security measures.

Legal Costs: Depending on location and jurisdiction, miners may face a variety of legal issues. Legal advice and compliance may require additional costs.

Market Volatility: The bitcoin exchange rate is subject to significant fluctuations. High volatility may affect the profitability of mining, particularly if the value of bitcoin declines sharply.

Spoiler: with Minto, you won't have to.
You can say ยซI love youยป in so many different ways, for instance, on Solidity or Vyper. Either way, remember to send your other half a beautiful valentine.

Love, Minto team!โค๏ธ
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