Renewable energy is the oldest and safest power generation method. Wind, sun and water have been people’s main energy sources for centuries.

Then the industrial revolution happened and we began using fossil fuels, causing irreparable damage to the climate in the process.

To support the environment, Minto uses solely renewable energy. Our data center is located next to a hydroelectric plant. We see a number of advantages to having water as our power source:

🌱 Our work does not produce harmful emissions of carbon dioxide, sulfur dioxide, nitrogen oxide or any other particles.

🌱 Hydropower is the most flexible electricity source. We can easily adjust the energy amount and adapt to the changing needs.

🌱 Hydroelectric stations have a long economic life.

🌱 Water power is cheap. Firstly, because it’s renewable. Secondly, because hydroelectric stations are easy to operate and require far less staff resources than, say, a thermal power plant.

🌱 Water dams often become tourist attractions. You should see the view at our HPP!

You could pay no mind to a project’s efforts towards protecting the environment. Or you could take a conscious approach and support the projects that aim to minimize environmental damage.

The choice is yours.

#minto_eco

The art of taking small steps means reaching your goals gradually, without making radical decisions and wasting a lot of resources.

Same principle applies to purchasing mining power. You don’t have to put in everything you’ve got. You start with a comfortable amount of power and make an investment in your future.

The best time to do it would be now. You can get more Minto power at a lower rate, while the market is bearish.

To grab additional power, follow the links below:

PancakeSwap BSC https://bit.ly/3aA1bVh
Minto website https://minto.finance/

#minto_about

Discord competition! 🥳

September 27 to October 11 we’ll monitor engagement on our server. The most active subscribers will be rewarded with BTCMT tokens.

If you have a Discord account and you’d like to join, please follow the link:

#minto_contest

— The White House Office of Science and Technology Policy threatened to ban bitcoin mining due to its unsustainability. Their report calls for miners to reduce greenhouse gas emissions. The US Environmental Protection Agency, the Department of Energy and other federal agencies are promised to come to their aid.

— Green blockchain project GRNGrid secured a $50 million investment. The L1-blockchain from GRNGrid has been touted as highly scalable and ecologically pure. Users can choose nodes that run solely on renewable energy sources for their transactions verification.

— A town in Norway is waging war on bitcoin miners. Locals are fed up with the noise made by the farm. Complaints arose regardless of the fact that the company creates jobs and utilizes the heat generated by mining equipment for its purposes.

— Environmental scientists claim: bitcoin needs to switch to the PoS algorithm. The Environmental Working Group announced the launch of a $1 million ad campaign to push bitcoin to change their consensus algorithm from Proof-of-Work to Proof-of-Stake.

#minto_eco

What’s the mining rewards distribution process at Minto? We’re answering this question as part of our series on how Minto mines Bitcoin.

#minto_AboutUs

It’s important to point out that we get centralized bitcoin mining rewards working together with our partner — the F2Pool, and then distribute them between the BTCMT token holders through a decentralized system.

We allocate all of our power to the F2Pool in exchange for the mining reward which is calculated and disbursed by the mining pool. The centralization of this step is necessary to ensure accountability and greater efficiency. The mining pool acts as the distributor and auditor supervising the sufficiency of our powers.

We got the rewards. Now what?

A part of the resources is used to cover the project’s daily operational and energy costs. You can find out all project costs in our Whitepaper.

The remaining mining rewards go into a smart-contract for further distribution between its owners.

DApp, the virtual interface for smart-contract interaction, stores the amount in BTC that is available for withdrawal by the owner for each uninterrupted day of token staking. The reward calculation and distribution process is decentralized and transparent. The owner can fully or partially withdraw their Bitcoin whenever they like.

For example, if the owner were to stake a 1000 BTCMT on the DApp for a whole day, they would get the distributed Bitcoin according to the amount of mining power equal to the amount of tokens mined (10 TH) the day after.

As is the case with traditional mining, the exact amount of BTC mined per power unit will change every day depending on the total network hashing speed, the network complexity and the BTC exchange rate in relation to the electricity expenses.

Still have questions about how the distribution works? Ask us in the comments!