What? Is October already over? How nice that we still had time to prepare a report!
π Numbers
October was pretty tough. BTC difficulty increased by 16%, while uptime was 10 hours on weekdays. Reducing the uptime is actually works! Interesting to look at the results in November with the uptime being 14 hours.
Actual results with 65% uptime: Mined: 3,6813 BTC (71 148 USD) Electricity cost: 57 156 USD Net profit: 13 992 USD
βοΈ Updates β Within a month we announced HECO-BNB transition, opened the bridge and finally migrated from HECO to BNB chain! β Weβve started optimizing the auto-farming contract. Woo-hoo! β And also we are working on a new smart contract for BTC. More information is coming soon!
β Events: β The WORLD DIGITAL MINING SUMMIT BY BITMAIN is tomorrow and we are already there! Stay tuned for updates π
Terrible day. I'm shocked. Everything is lost! But is it?
Itβs totally fine if youβre looking at the BTC rate right now and thinking like this. Or even something less decent.
We want to remind you about two things that may help to erase these thoughts.
βοΈ β We feel good. We have cheap energy and comfortable conditions for mining. We continue to mine and send you BTC. βοΈ β Donβt waste your energy on panic. Donβt let it cloud your judgments. Donβt make impulsive decisions you will regret later.
Our team on the World Digital Mining Summit in Cancun
We met a lot of new people, networked properly, participated in a panel discussion, gave a speech on a big stage, and even had a chance to hang out a bit.
The market is unstable, so we wanted to improve the situation for you all, at least a little. We managed to get a10% discount on electricity for the next quarter, and going to do everything to get even more from next year.
This is REALLY good news, by the way. Weβll see how it affects the numbers in December.
Hi, Minto holders! A small update for those who have their tokens locked on HECO. Weβve finally developed a way to transfer all of them to BSC. Please, contact @mintosupport to learn more ππ
Weβve learnt that from Matt, who shared his crypto story with us. His story was the first to be published in the Minto Comic Book (hopefully, not the last).
Want to share your crypto path too? Itβs still relevant. Fill the form anonymously or openly, and maybe it will be included in the collection!
βοΈA gentle reminder about the energy efficiency baseline level improvement VOTE You can express your opinion till 24 November, 10:00 UTC. Please vote, it is very important. Follow the link to get more info.
As you see, we still canβt get over WDMS Global, and are finally ready to share some Cancun moments and our impressions with you!
β«οΈ Every single person near Minto booth was amazed by our data center and electricity price range. Nice to hear! β«οΈ Itβs almost impossible to mine independently now. Even being hosted by someone is unprofitable. But Minto still can provide favorable conditions for miners due to low electricity rate. β«οΈ Weβve met a lot of experts and crypto enthusiasts from LATAM, Europe, Canada and USA. Our contact database has grown significantly! β«οΈ Despite the fact we are currently in a bear market, people in cryptocurrency industry are still able to benefit and make plans. Itβs encouraging and motivating. β«οΈ Cancunβs vibes are different somehow. Unlike other serious events, on a boat party participants showed up wearing swimming costumes instead of βsmart casualΒ», and spent their time not only networking, but alsoβ¦ snorkeling!
Do you have questions? If the answer is βyesβ β feel free to ask!
After a hard day's work, it is nice to remember that your tokens are still working β and will continue to do so.
Donβt stop them now! The more tokens you have β the more mining power you possess. The more mining power you possess β the greater the reward you receive.
Absolutely all of you voted for changes, and thatβs great.
From now on we will start:
β updating the Minto whitepaper β adding an βAverage Energy Efficiencyβ parameter on our website β adding info on current energy efficiency and planned changes to projects' monthly financial statements.
On 12/15/2022 we will start planning negotiations with the key mining equipment suppliers.
If someone asked us what we wanted the most, weβd reply thatβ¦.
We want you to be secure. Thatβs why your personal data, transaction activity and assets are protected on the highest possible level. Thanks to DeFi!
We want your work with Minto to be efficient. Thatβs why no extra efforts are needed. Just stake your tokens and receive mining rewards. Every day, all the mined bitcoins are automatically distributed through a smart contract between BTCMT holders.
What we donβt want is to harm nature! Thatβs why we try to reduce the negative impact on the environment, so our data centers are carbon-neutral and use the energy of hydroelectric power plants.
These are the three pillars on which Minto was built.
