We made the Minto website user-friendly, so that you can find an answer to any question.
In this guide we are talking about some of the website’s special features. Please read it, and perhaps you will find out something new!
#minto_about
In this guide we are talking about some of the website’s special features. Please read it, and perhaps you will find out something new!
#minto_about
June 7, 2022
In your opinion, what sections is our website missing to make it even more convenient? Please tell us in the comments!
June 7, 2022
We are happy to announce that from now on our token will be available on one of the most popular blockchain platforms in the world — Binance Smart Chain (BSC).
This will widen the spectrum of possibilities for Minto token holders: new ways of mining will be added, as well as new wallets and exchanges.
Read more about it: https://bloom.bg/3xk2xLe
P.S. We’ve also prepared a surprise for you!
So watch this space :)
#minto_news
This will widen the spectrum of possibilities for Minto token holders: new ways of mining will be added, as well as new wallets and exchanges.
Read more about it: https://bloom.bg/3xk2xLe
P.S. We’ve also prepared a surprise for you!
So watch this space :)
#minto_news
June 9, 2022
Information for those who are used to working with the Huobi Global exchange.
Уou can still claim BTC mining rewards the usual way even on the new Minto BSC blockchain.
Use the HRC-20 protocol to withdraw HBTC on the HECO network, and the BEP-20 to withdraw BTCB on the BSC network.
#minto_about
Уou can still claim BTC mining rewards the usual way even on the new Minto BSC blockchain.
Use the HRC-20 protocol to withdraw HBTC on the HECO network, and the BEP-20 to withdraw BTCB on the BSC network.
#minto_about
June 10, 2022
June 11, 2022
It started as it always does — with Elon Musk. He tweeted that surely cryptocurrency is great, though not for the planet.
His statement spiraled into a discussion about how clean mining is in general. Experts joined the debate, messages like: “Bitcoin alone consumes more electricity than a midsize country in Europe” began appearing more often.
Unpleasant fact: cryptocurrency does harm the environment. Each energy consumer leaves a “carbon footprint”, because mining requires a lot of electricity*.
*Same is true for any other global industry like, for instance, gold mining.
Another unpleasant fact: so much electricity is required, that quite often its cost outgrows the income made from mining. Hence, miners try to use cheap energy sources. For example, most Chinese mining farms used to locate at coal-fired power plants. The emissions were creating a greenhouse effect, accelerating climate change.
These two facts even prior to Musk’s statement lead to the search for alternative solutions and the emergence of “green” or eco-mining.
Eco-mining is using renewable energy sources: wind, sun and water.
Wind turbines. Not the most effective way of generating energy for the following reason: it is difficult to forecast the wind’s behavior even in a span of a week, because the strength, direction and duration of wind is changing all the time.
Solar panels. In terms of performance the sun is close to atomic energy, though it has variable quality as well. Desert stationed farms have great chances.
Hydropower. The most stable and effective energy source from a practical and economic standpoint. The energy production at a hydroelectric station goes on 24/7, regardless of what Mother Nature has in mind.
Eco-mining is thriving in many countries.
— Iceland has one the most famous mining farms, Genesis Mining Enigma, which operates solely on geothermal energy — the power produced by undercurrents.
— Canada uses the heat from ASIC-miners. The excess heat warms up water, which is then used to breed fish and grow plants in greenhouses. Another part of the energy goes into general heating, which has lowered its cost.
— In Texas, USA, an independent power network failed due to severe frost. Electricity started to malfunction, which led to the decision to resort to wind and solar energy. There turned out to be so much of it, that miners began buying off the surplus.
The conversation on bitcoin mining will go on until “green mining” becomes universal. We at Minto have set up an environment-friendly way of mining long before the start of this discussion, which is why now we provide you daily with bitcoins mined with the use of hydrogenation.
#minto_eco
His statement spiraled into a discussion about how clean mining is in general. Experts joined the debate, messages like: “Bitcoin alone consumes more electricity than a midsize country in Europe” began appearing more often.
Unpleasant fact: cryptocurrency does harm the environment. Each energy consumer leaves a “carbon footprint”, because mining requires a lot of electricity*.
*Same is true for any other global industry like, for instance, gold mining.
Another unpleasant fact: so much electricity is required, that quite often its cost outgrows the income made from mining. Hence, miners try to use cheap energy sources. For example, most Chinese mining farms used to locate at coal-fired power plants. The emissions were creating a greenhouse effect, accelerating climate change.
These two facts even prior to Musk’s statement lead to the search for alternative solutions and the emergence of “green” or eco-mining.
Eco-mining is using renewable energy sources: wind, sun and water.
Wind turbines. Not the most effective way of generating energy for the following reason: it is difficult to forecast the wind’s behavior even in a span of a week, because the strength, direction and duration of wind is changing all the time.
Solar panels. In terms of performance the sun is close to atomic energy, though it has variable quality as well. Desert stationed farms have great chances.
Hydropower. The most stable and effective energy source from a practical and economic standpoint. The energy production at a hydroelectric station goes on 24/7, regardless of what Mother Nature has in mind.
Eco-mining is thriving in many countries.
— Iceland has one the most famous mining farms, Genesis Mining Enigma, which operates solely on geothermal energy — the power produced by undercurrents.
— Canada uses the heat from ASIC-miners. The excess heat warms up water, which is then used to breed fish and grow plants in greenhouses. Another part of the energy goes into general heating, which has lowered its cost.
— In Texas, USA, an independent power network failed due to severe frost. Electricity started to malfunction, which led to the decision to resort to wind and solar energy. There turned out to be so much of it, that miners began buying off the surplus.
The conversation on bitcoin mining will go on until “green mining” becomes universal. We at Minto have set up an environment-friendly way of mining long before the start of this discussion, which is why now we provide you daily with bitcoins mined with the use of hydrogenation.
#minto_eco
June 11, 2022
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This is a news digest! Let’s get straight to it.
June 13, 2022
Kraken Intelligence, the cryptocurrency market, has published a report that takes a close look at the crypto metaverse, including its underlying basic concepts, key players, risks and advantages. A must-read.
The US Senate is unveiling a bill about integrating digital assets into the national financial system. Federal Reserve Governor Christopher Waller has stated that first and foremost crypto regulation will be put in place to protect the general public, rather than crypto-investors, from the instability of the crypto world.
Stablecoin has been defined as digital money in Japan. In a nutshell, stablecoins can now be issued only by licensed banks, registered money transfer agents and trust companies.
The legislation doesn’t apply to existing asset-backed stablecoins from overseas issuers.
PayPal users can now transfer, send and receive Bitcoin, Ethereum, Bitcoin Cash and Litecoin. The company also claims that it is going to continue to roll out additional crypto features, products, and services in the months ahead.
This is great news for Minto token holders as well. Now you can conduct bitcoin transactions using PayPal quickly and easily. This option is only available to the US users for now.
Edge, a San Diego startup has released a crypto card that does not require users to input any personally identifiable information to set up or use it. Edge Mastercard supports Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Litecoin (LTC) and DASH (DASH). The card is only available for use in the US for now.
What news did you find important?
Share it with us below!
#minto_news
The US Senate is unveiling a bill about integrating digital assets into the national financial system. Federal Reserve Governor Christopher Waller has stated that first and foremost crypto regulation will be put in place to protect the general public, rather than crypto-investors, from the instability of the crypto world.
Stablecoin has been defined as digital money in Japan. In a nutshell, stablecoins can now be issued only by licensed banks, registered money transfer agents and trust companies.
The legislation doesn’t apply to existing asset-backed stablecoins from overseas issuers.
PayPal users can now transfer, send and receive Bitcoin, Ethereum, Bitcoin Cash and Litecoin. The company also claims that it is going to continue to roll out additional crypto features, products, and services in the months ahead.
This is great news for Minto token holders as well. Now you can conduct bitcoin transactions using PayPal quickly and easily. This option is only available to the US users for now.
Edge, a San Diego startup has released a crypto card that does not require users to input any personally identifiable information to set up or use it. Edge Mastercard supports Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Litecoin (LTC) and DASH (DASH). The card is only available for use in the US for now.
What news did you find important?
Share it with us below!
#minto_news
June 13, 2022
June 14, 2022
Forwarded from Nick ⛏
Hi everyone 👋🏻 In recent months, you’ve witnessed a bear market, the fall of Luna and various other events. Today we’d like to discuss market prospects with you and offer a solution that will allow you to improve your BTC mining rewards.
We are proposing to improve and optimize the mining process on the existing Minto hardware by reducing electricity consumption during peak hours when higher electricity rates are applicable. It may sound complicated, but I’ll describe the process in detail and provide some calculations below.
Why are we proposing this?
We have a range of tools and competitive advantages to improve operations and manage risks, including the risks of a bear market and a decline in BTC production.
We intended to announce them as Minto developed, but didn’t think we’d have to do it so early on.
We are fully prepared for what’s happening, and we’d like you to know how we can impact the current situation. And, most importantly, you need to decide whether we need the proposed changes by voting on the blockchain.
Your decision will allow us to either introduce new tools that will increase mining profits, or leave everything as is.
What will change and what are the benefits?
By switching to a new electricity consumption mode, we’ll be able to reduce its price from $0.055 to $0.0386 per 1 kWh.
The average daily uptime will equal 65%. Miners will work between 12 and 16 hours a day on weekdays, and 24 hours on weekends.
- We’ll alter the formula for calculating electricity costs, which are deducted daily from the mined BTC.
- We’ll use the actual mining pool hashrate rather than 55,000 THs in our calculations.
- We’ll change the electricity price in the formula from $0.055 to $0.0386.
Actual hashrate production will still be available @ https://www.f2pool.com/mining-user/06510a9d9d36f01fb7cbad861fb6c4cb or via the “Hashrate watcher” button on the main page.
These changes will have a direct impact on your income. Below I’ll provide an example of profit calculation both under the current “as is” conditions and after the proposed transition to "65% uptime".
"As is":
Daily mining revenue = 0.23259749 BTC or 5181 USD.
Daily electricity costs = 4487 USD
Profit = 695 USD
"Uptime 65%":
Daily mining revenue = 0.1484 BTC or 3368 USD.
Daily electricity costs = 1988 USD
Profit = 1379 USD
Thus, we’ll be able to increase profits by an average of 50%.
How will it work?
This change is only applicable when the BTC rate is low and/or the difficulty of the Bitcoin network starts to skyrocket.
If the 65% uptime mode profit level falls below the profit level in the "as is" mode, we’ll return to the previous operational mode.
We’ve developed an algorithm that collects data on electricity tariffs and peak hour schedules published by electrical companies. A miner operation algorithm will be formed based on this data. During certain time intervals, miners will go into a “stand by” mode, reducing electricity consumption to a minimum. This way we’ll get cheaper electricity during off hours (just like your washing machine runs at its cheapest rate at night), and the price per kWh will drop significantly.
On weekends, miners will work 24 hours/day.
What is required for this to work?
Voting on the blockchain will take place @ https://vote.minto.finance/#/
Voting period: 06/15/2022 to 06/17/2022 06:00 UTC.
Over 51% YES votes are required to implement changes.
If over 51% of the votes are YES votes, the changes will come into force on 06/17/2022, but no later than 06/21/2022.
The weight of your vote will be proportionate to the number of tokens you own.
You’ll be able to vote even if your tokens are on staking and auto-staking smart contracts.
Connect your wallet, choose an option and vote.
If you have difficulty voting or would like to know more details please fill free to ask here.
We are proposing to improve and optimize the mining process on the existing Minto hardware by reducing electricity consumption during peak hours when higher electricity rates are applicable. It may sound complicated, but I’ll describe the process in detail and provide some calculations below.
Why are we proposing this?
We have a range of tools and competitive advantages to improve operations and manage risks, including the risks of a bear market and a decline in BTC production.
We intended to announce them as Minto developed, but didn’t think we’d have to do it so early on.
We are fully prepared for what’s happening, and we’d like you to know how we can impact the current situation. And, most importantly, you need to decide whether we need the proposed changes by voting on the blockchain.
Your decision will allow us to either introduce new tools that will increase mining profits, or leave everything as is.
What will change and what are the benefits?
By switching to a new electricity consumption mode, we’ll be able to reduce its price from $0.055 to $0.0386 per 1 kWh.
The average daily uptime will equal 65%. Miners will work between 12 and 16 hours a day on weekdays, and 24 hours on weekends.
- We’ll alter the formula for calculating electricity costs, which are deducted daily from the mined BTC.
- We’ll use the actual mining pool hashrate rather than 55,000 THs in our calculations.
- We’ll change the electricity price in the formula from $0.055 to $0.0386.
Actual hashrate production will still be available @ https://www.f2pool.com/mining-user/06510a9d9d36f01fb7cbad861fb6c4cb or via the “Hashrate watcher” button on the main page.
These changes will have a direct impact on your income. Below I’ll provide an example of profit calculation both under the current “as is” conditions and after the proposed transition to "65% uptime".
"As is":
Daily mining revenue = 0.23259749 BTC or 5181 USD.
Daily electricity costs = 4487 USD
Profit = 695 USD
"Uptime 65%":
Daily mining revenue = 0.1484 BTC or 3368 USD.
Daily electricity costs = 1988 USD
Profit = 1379 USD
Thus, we’ll be able to increase profits by an average of 50%.
How will it work?
This change is only applicable when the BTC rate is low and/or the difficulty of the Bitcoin network starts to skyrocket.
If the 65% uptime mode profit level falls below the profit level in the "as is" mode, we’ll return to the previous operational mode.
We’ve developed an algorithm that collects data on electricity tariffs and peak hour schedules published by electrical companies. A miner operation algorithm will be formed based on this data. During certain time intervals, miners will go into a “stand by” mode, reducing electricity consumption to a minimum. This way we’ll get cheaper electricity during off hours (just like your washing machine runs at its cheapest rate at night), and the price per kWh will drop significantly.
On weekends, miners will work 24 hours/day.
What is required for this to work?
Voting on the blockchain will take place @ https://vote.minto.finance/#/
Voting period: 06/15/2022 to 06/17/2022 06:00 UTC.
Over 51% YES votes are required to implement changes.
If over 51% of the votes are YES votes, the changes will come into force on 06/17/2022, but no later than 06/21/2022.
The weight of your vote will be proportionate to the number of tokens you own.
You’ll be able to vote even if your tokens are on staking and auto-staking smart contracts.
Connect your wallet, choose an option and vote.
If you have difficulty voting or would like to know more details please fill free to ask here.
June 15, 2022
The voting on optimizing mining processes at Minto is complete!
Results: 100% votes for switching to “65% uptime” mode.
Over 1,2 mln tokens took part in the voting. Thank you for being so active! This decision will allow us to implement new tools that will increase mining profits by approximately 50%.
Changes will take effect within the 17-21 of June. We are going to continue to keep in touch, answer your questions and update you on the performance of Minto equipment.
#minto_news
Results: 100% votes for switching to “65% uptime” mode.
Over 1,2 mln tokens took part in the voting. Thank you for being so active! This decision will allow us to implement new tools that will increase mining profits by approximately 50%.
Changes will take effect within the 17-21 of June. We are going to continue to keep in touch, answer your questions and update you on the performance of Minto equipment.
#minto_news
June 17, 2022
We are launching a segment in which we will provide you with educational content on the topics of crypto and blockchain.
Let’s start with mining. We’ve picked three articles to help you dive into the subject. Link
Length: ≈ 7 minutes
Level: easy
A short and simple explanation of what mining is. The article answers basic questions about how mining works and why we need it. Link
Length: ≈ 20 minutes
Level: medium
This article will help you get a comprehensive picture of what mining actually is. It’s a long read with lots of terminology. If you run into difficulties while reading, we recommend using Google as a help tool. Link
Length: ≈ 6 minutes
Level: medium
What subject would you like us to pick for our new educational articles feature? Tell us in the comments.
#minto_newbies
Let’s start with mining. We’ve picked three articles to help you dive into the subject. Link
Length: ≈ 7 minutes
Level: easy
A short and simple explanation of what mining is. The article answers basic questions about how mining works and why we need it. Link
Length: ≈ 20 minutes
Level: medium
This article will help you get a comprehensive picture of what mining actually is. It’s a long read with lots of terminology. If you run into difficulties while reading, we recommend using Google as a help tool. Link
Length: ≈ 6 minutes
Level: medium
What subject would you like us to pick for our new educational articles feature? Tell us in the comments.
#minto_newbies
June 18, 2022
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Blackmail, bogus markets, fake giveaways, fishing, malware — these are some of the types of fraud you can encounter in the blockchain world.
Take our quiz to find out how to protect your wallet and safeguard your data.
#minto_education #minto_newbies
Take our quiz to find out how to protect your wallet and safeguard your data.
#minto_education #minto_newbies
June 19, 2022
You are offered one bitcoin in exchange for sending just 0,1 bitcoin. Good deal or a con job?
Anonymous Quiz
86%
Con
14%
Win
June 19, 2022