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Even with the prices dropping, Minto keeps mining bitcoins and handing out rewards.

And now is the best time to multiply your income. The bear market allows for purchasing more power at a lower price.

Follow the links if you’d like to buy more power:

For BSC — PancakeSwap
For HECO — MDEX

Power can also be purchased with a BitKeep wallet through Swap.

#minto_about

The income from mining, its size and consistency depend on the mining method. We’ll delve into the pros and cons of three mining methods and explain how to mine with Minto, all while using cars as an example.

At the core of every method lies the performance of mining equipment. The question of ownership of said equipment is where the differences come from.

Real life translation: a car is a method of transportation. You can buy your own car, use car sharing or get a taxi.

1. Classic mining is owning and running a coin mining farm.

A person buys a car (mining equipment) and takes on the responsibility of care, maintenance and repair.

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Owning equipment means full autonomy and independence.

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Classic mining looks most vulnerable for small-time players in case of a market collapse: the dollar value of Bitcoin is dropping, while the energy costs are going up. All the profits from mining would be spent paying electricity bills.

Mining requires special premises, technically advanced cooling systems and a fast uninterruptible internet connection, which is why small farm owners find it hard, at times impossible to compete with big players who balance their expenses with sheer volume.

For small timers it often ends in tears: they’re left with a bunch of metal they can no longer afford to maintain and are unable to sell.


2. There is a different way — cloud mining — passive mining using someone else’s equipment.

This method is similar to leasing. You rent a car over a certain time, during which you pay and carry responsibility for it. Here’s how it applies to cloud mining:

The client rents out equipment and obtains computing power, paying the supplier all fees and services with a substantial markup.
For that the client and the supplier sign a contract for a certain period, usually a year.

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There is no need to buy and own equipment you might need to sell later, rent a space and so on. The miner with the farm does all that.

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You are still responsible for electricity and maintenance expenses, because the cloud miner and the farm miner share all liability.

Imagine a scenario: a rookie miner decides to rent out equipment to start mining bitcoin and signs a one year contract.

Suddenly bitcoin drops, electricity rate rises, best part of the rewards goes into paying the bills. Our miner earns a lot less than anticipated or breaks even. On top of that, the lease owner miner himself is in the red, so he terminates the contract without paying the benefits.


3. The method to beat out all the cons of the first two — tokenized hashrate mining.

You’re not buying a car, you’re not renting one, you just order a taxi and only pay for getting from A to B in the backseat. By taking a taxi you don't enter into a contract with the driver and share liability with him. This is how tokenized hashrate mining works as well.

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The client is not bound by a time-specific contract. There is no middle man, the rewards are distributed safely via a smart-contract which requires no human involvement.

Besides, this lets clients control their assets depending on the current market situation. Favorable climate? Buy more power in token form. Everything is burning? Sell it.

We at Minto are using this method and are offering to mine bitcoin by staking BTCMT tokens. You can read more about it here.

#minto_education

Shhh… keep it down, our miners are sleeping!

Every weekday during those hours when energy rates go up, we switch our equipment into a stand by mode, which saves energy.

This allows us to control mining in a way that is cost effective, increasing the BTCMT token holders’ income.

Thank you for helping us make the decision for this new operating mode. As you can see, the changes have come into effect 🙂

#minto_about

Hey! We are Minto — a Bitcoin mining platform.

Mining is simple. Don't you believe it? Try to mine with us!

We've removed all the unnecessary steps. To mine BTC, all you need is to buy and stake our BTCMT token, that equals a unit of Bitcoin mining power.

Our token is secured by actively operating equipment. To make it work we use renewable energy sources with a neutral carbon footprint.

Visit our website and learn more about our project!

AND! Don’t forget to explore our Telegram channel. There are a lot of interesting things to see!

Navigation will help you:

#minto_news — updates and news
#minto_education — educational posts
#minto_fun — just for fun
#minto_eco — about environment in relation to mining
#minto_about — about the project
#minto_contest — giveaways and airdrops
#minto_newbies — for crypto beginners
#minto_events — events we take part in

Where can you get the most relevant info on cryptocurrencies, NFT, blockchain technologies and finance? Find out the latest news? Hear expert opinions? Real people’s stories?

Listen to podcasts! Like the ones we’ve selected for you👇

#minto_newbies

Crypto

🌑The Epicenter Podcast

The hosts of this podcast dive into the question of social, technical and economic consequences of crypto and blockchain technologies. Their guests include entrepreneurs, businessmen, scientists and engineers, so the range of opinions represented in their episodes is very wide.

Length: 1 to 1,5 hours

Apple Podcast
Spotify
YouTube

🌑Crypto Over Coffee

Your morning coffee time would be well spent if you put on this podcast. It’ll give you the latest news from the world of crypto and blockchain, talk about new tech and share insights. Newbies as well as experts would like this one.

Length: less than 30 minutes

Apple Podcast
Spotify
Google

NFT

🌑The Nifty Show

The world’s first NFT podcast, as proclaimed by its creators, is the perfect starting point for everyone interested in NFT and digital collectibles. Every week the hosts explore the NFT landscape, joined by experts and pioneers in the field.

Length: less than 30 minutes

Apple Podcast
Spotify
Google

🌑Edge of NFT

If you want to be up to date on the latest from the NFT world, this podcast can help. Its creators closely follow the tendencies in the non-fungible tokens market. This lets them predict which NFT will stay, and which will be gone in time.

Length: 1 to 1,5 hours

Apple Podcast
Spotify
Google

Financial Markets

🌑Millennial Investing

The goal of this podcast is to educate the public in a rapidly changing world of finance. The hosts interview successful businessmen and branch leaders to cover the investment industry basics. There are episodes on investing in shares and bitcoins, handling personal accounts and a lot more.

Length: about 50 minutes

Apple Podcast
Spotify
YouTube

🌑Bloomberg Surveillance

The hosts are Bloomberg employees, who talk about news and trends of the financial markets and share their observations on economics and investment. The discussions are joined by leading experts and frontrunners in the financial field.

Length: 20 to 45 minutes

Apple Podcast
Spotify
Google

In analyzing price action, first-time investors come across the terms of “bull” and “bear” markets. Generating profits and forming effective investment strategies would be impossible without knowing them apart.

To help figure it out we’ve come up with a quiz 👇

#minto_education #minto_newbies