How does bitcoin mining with Minto work?
One article is not enough to cover this subject, so we decided to do a series of posts where we will reveal every detail of the Minto mining process.
#minto_about
One article is not enough to cover this subject, so we decided to do a series of posts where we will reveal every detail of the Minto mining process.
#minto_about
Let’s start with equipment! Here are some slides about it and our data center — the core of our workflow.
#minto_about
#minto_about
4 voice messages and only one containing the sound from our mining farm. Guess what sound the Minto equipment makes and vote!
❗️Careful, it gets very loud!
#minto_about
❗️Careful, it gets very loud!
#minto_about
It’s been a while since we’ve updated you on what’s been happening at Minto. There are quite a few updates 👇
— We’ve had the AMA session with BitKeep. We touched on mining methods at Minto, how the company is developing and what sets it apart from similar projects.
— We have built three new workshops: a technical one, one for sorting and one for repairs. Now the service and assembly of our miners will go faster. Look out for new posts — there is a story coming on a miner’s path from shipment to installation.
— We’ve had the AMA session with BitKeep. We touched on mining methods at Minto, how the company is developing and what sets it apart from similar projects.
— We have built three new workshops: a technical one, one for sorting and one for repairs. Now the service and assembly of our miners will go faster. Look out for new posts — there is a story coming on a miner’s path from shipment to installation.
— Also… Remember the vote we held in June?
To jog your memory: you voted on switching the equipment to 65% uptime mode. Miners are up in the hours when electricity is cheaper. As a result, the power costs go down and your income goes up.
Here’s how that worked out:
Hypothetical results with 100% uptime:
Monthly mining revenue = 7,4582 BTC or 156,034 USD
Monthly electricity cost = 139,087 USD
Profit = 16,947 USD
Actual results with 65% uptime:
Monthly mining revenue = 4,5573 BTC or 95,253 USD
Monthly electricity cost = 58,715 USD
Profit = ✨36,538 USD✨
Minto token holders’ revenue has doubled in July!
Even in bear market times we’re still finding ways to delight our customers.
Thanks everyone, let’s move on 👏
#minto_about
To jog your memory: you voted on switching the equipment to 65% uptime mode. Miners are up in the hours when electricity is cheaper. As a result, the power costs go down and your income goes up.
Here’s how that worked out:
Hypothetical results with 100% uptime:
Monthly mining revenue = 7,4582 BTC or 156,034 USD
Monthly electricity cost = 139,087 USD
Profit = 16,947 USD
Actual results with 65% uptime:
Monthly mining revenue = 4,5573 BTC or 95,253 USD
Monthly electricity cost = 58,715 USD
Profit = ✨36,538 USD✨
Minto token holders’ revenue has doubled in July!
Even in bear market times we’re still finding ways to delight our customers.
Thanks everyone, let’s move on 👏
#minto_about
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We’re giving away tokens!
If you wanna have a laugh and fill up your digital wallet:
💬 comment with your favorite crypto-themed meme under this post (one comment per player)
👍 give other players reactions, if you liked their memes
🙋♂️ subscribe to our channel and chat.
On August 19 we will pick three players, whose memes have gathered the most reactions. The winners are getting:
— 50 tokens BTCMT for the 1st place
— 25 tokens BTCMT for the 2nd place
— 10 tokens BTCMT for the 3rd place.
Good luck, everyone!
#minto_contest #minto_fun
If you wanna have a laugh and fill up your digital wallet:
💬 comment with your favorite crypto-themed meme under this post (one comment per player)
👍 give other players reactions, if you liked their memes
🙋♂️ subscribe to our channel and chat.
On August 19 we will pick three players, whose memes have gathered the most reactions. The winners are getting:
— 50 tokens BTCMT for the 1st place
— 25 tokens BTCMT for the 2nd place
— 10 tokens BTCMT for the 3rd place.
Good luck, everyone!
#minto_contest #minto_fun