This is a news digest! Let’s get straight to it.

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

Hey! Here is a word from the CEO of Minto to all BTCMT token holders in our chat.

#minto_news

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.

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

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

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

Just a reminder, that the market is experiencing a price decline. For Minto token holders this only means one thing: the time to purchase mining power is now, while its price is down.

More power — more bitcoins!

Solana: a history of failures and the questions they raised

Earlier this month there was a failure on the Solana blockchain. Let's figure out what kind of network it is, why it failed and what questions came after.

Solana is a blockchain platform that supports many DeFi solutions, including the development of decentralized applications and smart contracts.

The system is very appealing to developers. It allows you to write applications inside it in popular programming language Rust, which ensures simplicity, convenience and integrity of development. Besides, NFT is rapidly gaining popularity on the Solana blockchain. The network is known for its high speed and low commissions, which is why creators love it.

Due to rapid growth of the NFT market Solana was considered to be the main competitor of Ethereum — a blockchain platform, also designed to create decentralized online services and apps based on smart contracts. However, the failures became more frequent.

Let’s go back to where we started: on the 1st of June Solana blockchain experienced the latest in a series of shutdowns. The reason was a failure in processing longterm untargeted transactions, which led to non-determinism, when nodes were generating different outcomes for the same block. Solana shut down but it was fixed in just 4.5 hours. This was the quickest hard fork in the system’s history.

What was the plan? Solana’s team asked validators to reboot the system and issued instructions: the goal was to create a snapshot of a certain timespan, from which the system could be restarted.

This was not the first failure at Solana, the one before that happened less than a month prior. On the 30th of April the system went down for 7 hours. It happened because NFT hunting bots overflooded the blockchain with a stream of transactions. In January the network was down for 47 hours. There have also been shutdowns in December and September of 2021.

The latest shutdown raised two core questions about Solana:

1. Is it fair to call this system decentralized if validators were needed to restart it?
2. With all the shutdowns it has experienced this year, does Solana still justify its status of being one of the most high-end blockchains?

What’s your opinion on this blockchain? Please share your experience and thoughts on the matter.

#minto_news #minto_education

Minto is travelling to Kazakhstan!

Binance Community Meetup will be held today in Nur-Sultan. The line-up includes reports on the ecosystem and Kazakhstan’s prospects from Binance representatives, mining, NFT, presentations of products and services, giveaways and souvenirs.

Among the speakers will be the CEO of Minto. He will share his knowledge of mining and his views on the market.

Entry is free, you just have to register for the event.

#minto_events #minto_news

The first Binance Community Meetup is being held in Kazakhstan as we speak. The lineup includes the CEO of Minto. In honor of the event we decided to run a giveaway! Minto tokens are the prize.

In order to win them, you have to subscribe to this channel and press «I’m in». Also, it would make us happy if you supported a few posts with your reactions.

Bot will automatically sum up results and choose 20 winners, whom we will ask to contact us afterwards.

Join in!

Winner(-s): @angrydaughter, @atsh_73, @katja_ppv, @yummylove01, @Gaaiku, @bar_bang, @Kittttttttttttttttt, @dimaximov01, @dosbibarys, @masashi4824, @g_abylaykhan, @FBIOst, @andlei, @sa_dimash, @Ferintor, AA, M O, Ермек, Nurbek Zha, MarciN

Please reach out to @mintosmm with your wallet number. Tokens will be sent to you in a few days🙂

#minto_contest

The giveaway has finished. The list of the winners is in the post above👆🏻