A place for members of r/BTCMTOfficial to chat with each other
BTCMTOfficial
r/BTCMTOfficial•993 subscribers•7 activeParadigm Invests $34 Million in orbiter.pics
The project offers a decentralized platform for sports betting with enhanced security.
Minto Monthly Report Oct'23
Supercharged by our participation in the WDMS Global summit in Hong Kong, in early October the Minto team finished its work on a new Autofarm (aka Auto-Staking) smart contract version. It offers users a better way to work with any cryptocurrency/BTCMT pair on any platforms (and not just BTCMT/USDT on PancakeSwap) with commissions reduced by 85-95%.
Also, as an additional bonus, Minto offered a 20% higher APY due to the additional BTCMT distribution in the first 15 days after switching to Autofarm v2.
According to the results of the vote held on October 8-10, the Minto community made an almost unanimous decision to switch the project to the new advanced Autofarm v2 smart contract. Thus, starting on November 1, BTC mining rewards are no longer being accrued in the previous version of the Autofarm smart contract (v1).
Minto wants to take this chance once again to remind you of the importance of manually transferring your BTCMT tokens from Autofarm v1 to Autofarm v2.
Use the mobile or desktop guide, and if you have any additional questions, feel free to contact Minto support!
In fact, October 2023 turned out to be very successful not only for Minto, but also for the entire crypto industry. It’s the month filled with expectations both of the approaching halving, and the Bitcoin spot ETF launch, which propelled it to grow by more than 30%.
At the same time, BTC mining difficulty has also increased by 10%, which slightly restrains the BTC mining rewards' growth.
Nevertheless, our October results speak for themselves:
📈 Numbers
Hypothetical results with 100% uptime:
Mined: 5.1415 BTC (149 327 USD)
Electricity cost: 178 841 USD
Net profit: -29 513 USD
Actual results with 65% uptime:
Mined: 3.1385 BTC (91 075 USD)
Electricity cost: 75 517 USD
Net profit: 15 558 USD
So, there are less than two months left until the end of the year, and having launched the new Autofarm v2, Minto is more than ever ready to respond to market growth with increased mining rewards.
Join Minto and earn even more every day!
Minto Monthly Report Sep'23
The main September's event for both Minto and the entire crypto industry was the annual WDMS Global summit, organized by Bitmain, the world's largest manufacturer of mining hardware.
This time, WDMS 2023 took place in incredible Hong Kong, and we are still impressed by it!
A lot of prizes were raffled off among the huge number of visitors to the Minto booth. Some lucky ones won 888 BTCMT tokens, but we thought it was unfair that our Lucky Tree is available only at the booth and opened it up to all our social media followers, one of whom also won!
The Minto team presented its own advanced line of services and offered exclusive conditions on all of the company's products at the booth, while many speakers addressed the audience in the conference hall.
Our colleague, Bryan, Head of US sales, reported on how mining capex and opex can be optimized even in a bearish market using the latest technologies and algorithms.
At the same time, throughout September, Minto continued to work on a new version of the Autofarm smart contract in order to put the question of its initialization to a vote in October. But let's not get ahead of ourselves.
In the meantime, here are our September results:
📈 Numbers
Hypothetical results with 100% uptime:
Mined: 5.3056 BTC (137 992 USD)
Electricity cost: 173 072 USD
Net profit: -35 080 USD
Actual results with 65% uptime:
Mined: 3.3092 BTC (85 989 USD)
Electricity cost: 74 275 USD
Net profit: 11 714 USD
So, the WDMS summit is over, but we continue to work, after a powerful energy boost from meeting like-minded people!
Stay with Minto, more news is coming soon!
Minto Monthly Report Aug'23
From LATAM to Hong Kong
The more work there is, the faster time flies. It seemed that it was summer just a second ago, but September is almost over already!
In August, Minto celebrated the 2nd anniversary of BTCMT presale. In honor of this event we added 5k of hashrate, and held a contest on Twitter, where 30 lucky people received their awards.
But those who work a lot get a lot done, and today the project’s hashrate is already 78,000 TH/s, while its average energy efficiency (AAE) is 54.4 W/TH!
The Minto team also visited Latin America and assessed infrastructural business expansion opportunities on-site. We are already testing miner operation in Paraguay, and preparing to take the next step! We’ll keep you updated on the news.
Straight from Paraguay, we are going to Hong Kong in September for the WDMS Global summit organized by Bitmain. But this is the event of the next month)
In the meantime, here are our August results:
📈 Numbers
Hypothetical results with 100% uptime:
Mined: 5.6709 BTC (156 638 USD)
Electricity cost: 177 999 USD
Net profit: -21 361 USD
Actual results with 65% uptime:
Mined: 3.2409 BTC (89 452 USD)
Electricity cost: 71 478 USD
Net profit: 17 975 USD
Everyone always wants summer to go on forever, but fall is always better for Bitcoin!
See you in Hong Kong!
Minto at WDMS Global in Hong Kong
We’ll be at the C01 booth
Here's the map to find us at the summit
1/2
We Are Giving Away Gifts: Merch and Coins!
On August 19, 2023, Minto celebrated the 2nd anniversary of the BTCMT presale. To mark the occasion, we added another 5,000 TH/s of mining power, bringing our energy efficiency to 54.4 W/TH.
Over the past two years, thanks to your support, we've achieved so much. Your active participation in the project's development means the world to us, and we are continuously inspired by your unwavering support. Thank you for being a part of our journey!
Starting yesterday, 23/08, we're launching a contest on Twitter (or should it be on X?). Participating is easy - simply leave a congratulatory reply with a few kind words for a chance to win exclusive Minto merch and/or BTCMT tokens.
Time seems to be flying by, but that's probably because we're always hard at work, pushing the boundaries. We hope you'll continue to be with us in the many more milestones ahead!
Minto Celebrates 2nd Anniversary from the Date of Presale
BTCMT presale was launched on August 19, 2021.
That was the day that gave rise to our users' mining rewards history.
A lot has changed since then: project hashrate has increased almost 1.5-fold and its energy efficiency has improved, F2Pool and Binance, which are among the world's largest pools and ecosystems, became Minto's partners, we have completely updated the site, launched community voting, tested the referral program, etc. And so much still remains to be done!
Two years have passed like one day, but this is a very important date for us and for the community, so we’d like to celebrate it in the best possible way. We cannot influence the Bitcoin exchange rate, but we can increase project hashrate to earn more for our users!
On the eve of the two-year presale anniversary, we are adding another 5,000 TH/s of mining power to Minto, bringing the energy efficiency to 54.4 W/TH and planning to do other things...
Stay tuned, there's more news ahead!
Minto Monthly Report Jun'23
The first and almost the second month of summer have passed. There were a lot of events and long-awaited updates.
All in short order.
We have completed the website and dashboard update. Now they are functioning independently of each other for convenient work on the website and for fast user interaction with staking and withdrawing funds in the dashboard.
The website is here: minto.finance
The dashboard is here: app.minto.finance
This month we proposed a vote to move almost all the remaining tokens from the HECO network to BNB to minimize the risks of liquidity loss associated with the possible HECO chain shutdown. As a result of the community vote, where 100% voted in favor, we transferred liquidity from HECO and burned 2,259,258 tokens (proof 1, proof 2, proof 3, proof 4). After that, we minted the withdrawn tokens on the BNB and transferred them to the PancakeSwap liquidity pool.
Our Head of US Sales, Bryan Johnson, took part in an AMA session with WhaleCoinTalk.
Also, we held a BTC prediction contest (and almost guessed the price of BTC in July) on TG and Twitter. Join us there, we will be holding more of these!
Let's move on to the
📈 numbers:
Hypothetical results with 100% uptime:
Mined: 5.3249 BTC (144 857 USD)
Electricity cost: 164 657 USD
Net profit: -19 800 USD
Actual results with 65% uptime:
Mined: 3.6472 BTC (98 920 USD)
Electricity cost: 76 207 USD
Net profit: 22 713 USD
We continue to work and develop, more changes are still to come. We’ll tell you everything in the next two months. Stay tuned!
Minto Monthly Report: May'23
May was eventful. The Ordinals hype alone was something! )
But first things first.
This month we offered to vote for listing on CEX or adding a hashrate. The community chose +3,000 TH/s and we did it.
We took part in the Bitcoin Conference in Miami and met a huge number of like-minded people. It was really cool!
We partnered with iMe and conducted an airdrop with Bitcoin Magazine.
But frankly, the most important thing is that after a lot of work and preparations, we finally updated the Minto website, offering users a new powerful information resource and a convenient dashboard for work!
On top of that, our May report turned out to be the best in 2023:
📈 Numbers
Hypothetical results with 100% uptime:
Mined: 5.6460 BTC (150 256 USD)
Electricity cost: 166 331 USD
Net profit: -13 574 USD
Actual results with 65% uptime:
Mined: 4.6732 BTC (126 659USD)
Electricity cost: 78 744USD
Net profit: 47 915 USD
Well, spring is always inspiring!
We continue to work and move on, stay with Minto!
Minto in Miami
On May 18-20, 2023, Miami will host the next annual Bitcoin2023 conference.
Minto can't miss an event like this!
Our team from the USA and Korea is already preparing to meet you at booth 1101, where we will be happy to chat on any topic because speaking in person is always cooler than chatting online!
If you happen to be in Miami, be sure to visit us. We are excited to see both new and already familiar faces offline!
Say the code word MintoEmailBitcoin23, and we will give you some BTCMT tokens.
Come by, it will be interesting! See you in Miami!
This April Is a Great Time to Start BTC Mining
Market disposition
Since early 2023, Bitcoin has been growing again, and in some way repeating the pattern of 4 years ago, but the increasing difficulty of the Bitcoin network has not yet brought high-quality net profit growth to miners. This is because large mining companies continue to increase the hashrate by all available means, since their primary task is to maximize gross revenue.
The difficulty follows the hashrate, compensating for the increased computational capabilities.
This process will result in a reduction of the time to the nearest halving, since with the hashrate growth, it takes a little less than 10 minutes to mine each block. And while today the predicted halving date is April 16, 2024, if the situation continues to develop this way, we’ll have to face halving earlier. However, enough negativity can happen in a year to slow down this process and balance out the hashrate increase.
Many market players are reasonably concerned about the approaching halving and the potential loss of mining profitability. However, previous halvings have shown that nothing out of the ordinary follows them, and the market reacts very positively. Therefore, don’t think that halving will be followed by a mass extinction of miners. Most likely, shortly after halving the market will return to its previous balance point as a result of a change in the ratio of the Bitcoin rate and its network difficulty.
Mining at Minto
Minto has already tokenized 70 PH/s (56 W/TH) hashrate of its mining farm, releasing 7,000,000 BTCMT hashrate tokens into circulation.
Unlike large mining companies, Minto's primary task is not to maximize gross revenue, but to maximize the profits of its customers, therefore, despite the Bitcoin exchange rate growth, Minto continues to mine Bitcoins using the 65% mining hardware uptime algorithm. Turning on mining at full capacity, for example, in March would have still led to negative financial results.
A smart mining algorithm allows Minto to earn more money, because the electricity cost for Minto is unstable and depends on the load on the electrical networks. As a result, on weekends and holidays, as well as during non-working hours, Minto gets electricity at an average price of about $0.0342/kW, while the rest of the time it’s priced at $0.055/kW. As soon as the ratio of the Bitcoin exchange rate, its network difficulty, and the electricity cost come into the necessary balance, Minto will put the issue of switching to 100% uptime to the community vote.
Minto and BTCMT tokens
Many projects abuse the popular term “roadmap” in order to promise as much as possible all at once and seem to work towards achieving the promised goals. Reality always shows and proves that to promise a lot at once is at least irresponsible.
Minto is constantly looking for new partnership opportunities around the world, however, our quality criteria are high, so, upon in-depth consideration some partnerships turn out to be impossible to realize. Nevertheless, it is worth noting Minto’s interest in a new facility in Paraguay, where a very attractive state policy regarding cryptocurrencies is taking shape.
Minto is very optimistic about the future, in which Bitcoin will regain its lost positions in terms of both value and global adoption. The BTCMT token demonstrates stability and looks extremely attractive for hashrate investments.
By buying BTCMT tokens, the user does not incur the costs of their maintenance and has significantly lower risks compared to owning physical mining hardware. In fact, hashrate tokens do not require any attention at all, because while staked, they automatically bring daily income in Bitcoins (APR), and when you use the Autofarming option, they bring income with a compound interest (APY).
In addition, $BTCMT tokens have high liquidity, which makes their management simple and reliable. Selling your mining hardware requires a lot of effort, whereas to sell tokens all you need to do is connect your wallet to the PancakeSwap exchange. You can buy BTCMT tokens to increase the hashrate of your mining farm in exactly the same way!
Minto, BTC mining and the market
Thus, whatever happens in the market, Minto is looking into the future with confidence and continues its work. In bad times, we need to accumulate potential, so that in good times it can manifest itself and flourish. It is this approach that allows Minto to generate new ideas and profits.
For those who are still wondering whether mining Bitcoin is worth it, Minto emphasizes that now is a great time to do it and get your first mining income directly into your wallet on the very next day. BTCMT tokens are a great tool that allows you to own hashrate without having to buy physical mining hardware and to receive daily income in Bitcoins, as if you owned a real mining farm.
Join Minto and earn on BTC mining with us!
Minto Monthly Report: Mar’23
March is the first month of spring, and Bitcoin was spring-like bouncy in the range of $20-30k. A 50% growth in 20 days is not bad!
Well, things are running their course…
📈 Numbers
Hypothetical results with 100% uptime:
Mined: 6.1757 BTC (150 256 USD)
Electricity cost: 165 219 USD
Net profit: -14 963 USD
Actual results with 65% uptime:
Mined: 3.5672 BTC (86 152 USD)
Electricity cost: 59 941 USD
Net profit: 26 211 USD
Despite Bitcoin’s growth, the concomitant increase in its network difficulty is still preventing Minto from mining full force. When the difficulty increases, miners earn less, so we are still using a smart algorithm of 65% mining hardware uptime, having earned over $26k net in March against potential losses of about $15k.
Nevertheless, we are constantly keeping our finger on the pulse and are ready to switch to 100% as soon as we are sure that it won’t lead to negative financial results.
⚙️ Updates
Life at Minto is also full of other events, because our work literally never stops. On March 1, we launched the long-awaited referral program. Now everyone can share our referral link with their colleagues and loved ones, get referral rewards from any purchase of BTCMT tokens and even split these rewards with each other!
Also, have you heard that Minto is now on Instagram and Tik Tok? Join us!
⛏ Events
As always, we believe that the future looks optimistic and that interesting times are coming, not least because BTC halving is still ahead, and if we look at things more broadly, global changes in the world economy are underway… Hold on to your hats!
Stay with Minto, and you won’t be afraid of any changes!
3-Month Report From Minto CEO
Hi everyone!
I would like to share with you the Minto report for the previous three months.
As you probably remember, December 2022 turned out to be quite gloomy for the crypto industry - Bitcoin dropped to 15.5k, and many miners turned off their equipment so as not to work in the red.
However, Minto retained profitability with an impressive margin and earned about 3.9 BTC or almost 15k net. It's all about our mining infrastructure: we use inexpensive renewable energy, as well as a smart algorithm for 65% equipment uptime.
In January, Bitcoin looked pretty good and grew to 24k. Minto mined 4.9 BTC and paid out 26k.
In February, Bitcoin rose above 25k. Minto mined 4 BTC and paid out more than 30k.
In total, Minto has paid out over 70k in mining rewards over the past three months, so I’d like to note once again that we are going strong, and, most importantly, we like what we do!
On the one hand, as December showed, we have a significant margin of safety, on the other - a huge potential, because when the market really starts to grow, the Jan and Feb figures will seem like an easy warm-up!
Dear friends, the Minto project is developing. Since December we have added 15 PH/s hashrate, bringing the total up to 70 PH/s, and recently launched a referral program. In addition, a major overhaul of our website is coming soon!
Meanwhile, the calm is ending, banks are going bankrupt, the Federal Reserve is starting up its printing press, the spring crypto wind is already starting to blow into our sails…
So, get everyone on board - we will dash through the waves together when the wind really rises!
Nick, Minto CEO
Minto Monthly Report: Feb’23
📈 Numbers
Hypothetical results with 100% uptime:
Mined: 5.9920 BTC (137 063 USD)
Electricity cost: 145 659 USD
Net profit: -8 597 USD
Actual results with 65% uptime:
Mined: 4.0215 BTC (91 923 USD)
Electricity cost: 61 510 USD
Net profit: 30 413 USD
⛏ Events
— Tested a new data center in Paraguay
— Got delivery of new ASIC miners
⚙️ Updates
— Added another 5 000 TH/s
— Launched a beta version of the Minto referral program
— Moved to a new stage of updating the website
Minto. Green Investments.
We can’t say that mining is completely eco-friendly. As any other global industry. What we can is reduce its negative impact on the environment.
— Our work does not produce harmful emissions of carbon dioxide, sulfur dioxide, nitrogen oxide or any other particles.
— We use hydropower as it is the most flexible electricity source. This way we can easily adjust the energy amount and adapt to the changing needs.
— Plus, water power is cheap. First, because it’s renewable. Second, because hydroelectric stations are easy to operate and require far less personnel than, say, a thermal power plant.
Minto Referral Program Is Launched
On March 01, 2023, Minto launched a referral program. By sharing a referral link with friends and colleagues, a user can earn up to eight percent of their recipients' purchases.
The Minto referral program offers an awesome opportunity to talk about your successful earning experience, attract like-minded people to your side, feel like the driving force of a high-tech community with a Bitcoin mining project and a unique yield farming platform as its foundation.
Minto allows users to earn on Bitcoin mining by staking BTCMT hashrate tokens. Daily rewards are paid out in Bitcoins on BSC (Binance Smart Chain).
The referral link is created directly on the project's website and can be sent to the addressee by any means. The link recipient gets acquainted with the Minto project and its tokenomics, and starts working with BTCMT tokens.
The link sender receives a bonus from their referral's purchases. The referral bonus is paid out in BTCMT tokens and will not exceed 8% of the purchase amount. The bonus can be withdrawn to the user's wallet in the same way as the daily reward. Referral bonuses can also be staked. Most importantly, you can not only share the link, but also split your bonus between the two of you. Earn together!
Find out how to use our referral program here.
We are inviting you to use our new referral program and take part in its beta testing. The authors of the most useful reviews will get rewards!
By the end of March 2023, tell us about your first experience with the referral program and get 20 BTCMT if your feedback is one of the most useful!
Positive user experience, user trust in the project is the most valuable thing in any business. That is why Minto has created a solution designed to expand the community and to create new connections between different people. The Minto team emphasizes that earning on the cryptocurrency market is made more interesting and easier by exchanging opinions and comparing achievements within the project community.
By attracting users, each participant opens up new opportunities for their referrals to get additional income, but also enhances their own value by sharing their experience and valuable knowledge.
Share your successful earning experience with friends and colleagues - help them take advantage of the new opportunities!
Minto. January ’23 vs December ’22
The year 2022 was not the most successful for the cryptocurrency industry: many projects ingloriously ended their existence, miner prices decreased 10-fold, mining companies' shares slumped 20-fold, the mining token segment extinction was fast and furious. Today, however, those who were better prepared for bad times, can reasonably assess the market situation in general and their own work in particular like no one else can.
Minto has always paid great attention to mining infrastructure and mining profitability, proceeded from the long-term industry development prospects, introduced innovative solutions and consistently moved forward with measured steps. The smart algorithm of 65% mining hardware uptime proposed by Minto and supported by the community made it possible to maintain mining profitability even after the FTX collapse, when Bitcoin rates dropped to critical levels.
While the market was in a decline, Minto bought new miners, increased the project hashrate and improved energy efficiency. In December, this was done twice - on the 13th and 31st, in fact, just before the January market upturn. Minto entered 2023 with a hashrate of 65 PH/s and an energy efficiency of 57.2 W/TH.
December 2022 was a month of general despondency and stagnation, and this January is a month of thaw. It should be very useful to compare the two months' results and get a visual idea of how even small positive shifts in the market fundamentally change the profitability.
During a market upturn, it becomes especially clear that all the work that preceded it was not done in vain. The project skillfully used the market lull to accumulate resources, moved in the right direction and brought in a good profit at the first market revival.
So, let's compare December and January in numbers:
Thus, while in December the hashrate of 100 TH/s, expressed in BTCMT tokens, brought holders a little less than $60, in January this number rose to $220 (at the BTC exchange rate on January 01 and February 01, respectively). In other words, the income from each staked BTCMT token increased 3.8-fold in January, or by almost 300%, despite the fact that the market itself grew by only 30%.
In January, with the 30% overall market growth, the income from each staked BTCMT increased by 300%
When increasing the BTCMT position during the December-January market pessimism period, the most visionary users received an average 1.5-fold increase in the value of the token itself, as well as only in January - about 5% in the form of mining rewards. At the same time, it should be clear that the market simply sighed and it was merely a correction rather than the beginning of active growth.
This suggests that the ship hasn’t yet sailed, and there is still enough time to join Minto and consistently achieve all the peaks of success inherent in the market together.
Working with Minto places you at the forefront of Bitcoin mining, where only large mining corporations are currently working with various degrees of success. However, you can remain yourself with Minto and participate in mining using much more liquid resources than actual mining hardware, time and effort put into its maintenance.
BTCMT tokens are actually the atoms that make up your own mining farm. You can manage them with no restrictions, add or decrease the hashrate at any time. For an ordinary user who's not ready to invest hundreds of thousands dollars in equipment, mining with BTCMT is perhaps the most affordable and liquid type of mining today.
Minto continues to work according to the Roadmap for early 2023, and you continue to receive daily mining rewards in Bitcoins in accordance with your share of staked BTCMT tokens. We are incorporating a long-term perspective into our project and we proceed above all from the reliability and efficiency of the mining infrastructure. This allows us to successfully overcome even the most difficult months, so be assured that joining Minto will allow you to fully share our success and our ability to endure market risks.
Long-term success is never the result of a single event. Sooner or later there comes a time when all the factors come together and produce the necessary synergy - then the project gets a new breath and moves on to the next intended goal. January was a very significant month in terms of several factors working simultaneously and greatly increasing project profitability.
This success is based on our concentration and painstaking work on project development during the market lull, with the market revival serving as “rocket fuel”, despite the fact that it was only a small market fluctuation. Using the December-January example, you can clearly see how quality turns into quantity, and estimate the results that the Minto project can generate in the event of a real surge of market optimism and the beginning of a full-fledged cryptocurrency spring.
So, adding 10 PH/s hashrate, improving energy efficiency from 60 to 57.2 W/TH and 30% market growth eventually produced a 300% growth in mining rewards. There is no doubt that the market will add to the synergy more than once, meanwhile, the Minto project is doing its job and moving on.
Minto Monthly Report: Jan’23
📈 Numbers
Hypothetical results with 100% uptime:
Mined: 7.0276 BTC (138 189 USD)
Electricity cost: 156 705 USD
Net profit: -18 516 USD
Actual results with 65% uptime:
Mined: 4.8892 BTC (94 092 USD)
Electricity cost: 68 134 USD
Net profit: 25 958 USD
⛏ Events
— Held a Twitter contest with $1500 prize fund and 340 contestant
⚙️ Updates
— Minto unveiled plans for early 2023
— Minto presented detailed analysis of how addition of new miners affects profitability
— Minto showed that in January, with the 30% overall market growth, the income from each staked BTCMT increased by 300%
There is no doubt that the market will add to the synergy more than once, meanwhile, the Minto project is doing its job and moving on..
Minto Adds 5 PH/s in Honor of Valentine's Day
On February 14, Valentine's Day, Minto decided to increase the project hashrate once again, thus raising the mining power to 70 PH/s with a total energy efficiency of 56.0 W/TH.
The January 30% growth of the cryptocurrency market, and the 300% month-on-month increase in Minto profitability showed that the project effectively uses market pauses to optimize resources and accumulate mining hardware so that a synergistic effect manifests itself at the right time and everyone earns a lot of money.
While the market exhales a little, Minto has a chance to congratulate you on the day of all lovers as it connects the next 5,000 TH/s to the mining pool.
The year 2023 has started well for the entire industry, and we have no intention of lagging behind, especially since, according to some estimates, halving awaits us at the end of the year.
Anyway, our task is to improve and strengthen the infrastructure, and the market will do the rest.
Stay with Minto and get ready for a new breakthrough with us!
