What? Is October already over? How nice that we still had time to prepare a report!

📈 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.

Hypothetical results with 100% uptime
Mined: 6,2312 BTC (120 451 USD)
Electricity cost: 139 087 USD
Net profit: -18 636 USD

Actual results with 65% uptime:
Mined: 3,6813 BTC (71 148 USD)
Electricity cost: 57 156 USD
Net profit: 13 992 USD

⚙️ Updates
— Within a month we announced HECO-BNB transition, opened the bridge and finally migrated from HECO to BNB chain!
— We’ve started optimizing the auto-farming contract. Woo-hoo!
— And also we are working on a new smart contract for BTC. More information is coming soon!

⛏ Events:
— The WORLD DIGITAL MINING SUMMIT BY BITMAIN is tomorrow and we are already there! Stay tuned for updates 💚

#minto_about

안녕, 한국! Please, welcome Minto Korea!

Why Korea? Asian market is promising, Korea has good crypto regulation, and we have a lot of customers there — so it was a total match.

What is the plan? To provide better services for local users.

So, if you are in Korea and want to learn more about Minto, come in our office for tea and cookies!

#minto_news

Terrible day. I'm shocked. Everything is lost! But is it?

It’s totally fine if you’re 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.

☝️ — We feel good. We have cheap energy and comfortable conditions for mining. We continue to mine and send you BTC.
✌️ — Don’t waste your energy on panic. Don’t let it cloud your judgments. Don’t make impulsive decisions you will regret later.

Dark times are always followed by bright ones.

Congrats to every Minto token holder here!

The market is unstable, so we wanted to improve the situation for you all, at least a little. We managed to get a 10% 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. We’ll see how it affects the numbers in December.

#minto_news

Hi, Minto holders!
A small update for those who have their tokens locked on HECO. We’ve finally developed a way to transfer all of them to BSC. Please, contact @mintosupport to learn more 👉👈