# What Problem Does Minto Solve? The Minto project is a response to the ever-increasing problems of individual and cloud mining, where the actual costs cannot guarantee users (investors) an acceptable profit/risk ratio. **Disadvantages of individual mining** High personal risks associated with the work and maintenance of a small number of miners: * all shutdowns significantly affect profitability * difficult to repair and replace mining equipment * long payback period * price risks associated with access to electricity and location * local and country regulatory risks **Disadvantages of cloud mining** * impossible to cancel or change a cloud mining contract * large number of scams * complete opacity of services * contracts are profitable to users only in favorable market conditions **Minto's strengths** 1. Minto incurs **lower costs** than any individual miner, since it has access to sources of inexpensive renewable electricity, centrally services, connects and purchases miners, ensuring high diversification of equipment, and operates within the legal framework of the jurisdiction where its data centers are located. 2. Unlike cloud mining, the use of tokenized hashrate does not require users to purchase contracts for a specific time period and does not bear the risks of losing funds, since **$BTCMT are controlled by users** in their own wallets. 3. Data regarding the Minto hashrate being used is continuously broadcast on the website of the partner mining pool ([F2pool](https://www.f2pool.com/mining-user/06510a9d9d36f01fb7cbad861fb6c4cb)), along with complete statistics of **daily mining reward payouts** from the pool to Minto. 4. A live broadcast from data centers, smart contract audits, project statistics, monthly reports, WP, etc. are available on the official Minto website. 5. The Minto project was launched in 2021 and, unlike many mining projects, has shown significant resilience at times difficult for the entire industry, such as the FTX collapse in 2022 or halving in 2024. 6. The Minto project is managed on the **DAO principles**, where each $BTCMT holder participates in the strategic management of the project and influences the value of the token. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.minto.finance/what-problem-does-minto-solve.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.