What Problem Does Minto Solve?

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Last updated 8 months ago

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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

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.
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.
Data regarding the Minto hashrate being used is continuously broadcast on the website of the partner mining pool (), along with complete statistics of daily mining reward payouts from the pool to Minto.
A live broadcast from data centers, smart contract audits, project statistics, monthly reports, WP, etc. are available on the official Minto website.
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.
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.

PreviousMinto's Mission NextHashrate tokenization as an alternative to IPO

Last updated 8 months ago

Was this helpful?

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

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.
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.
Data regarding the Minto hashrate being used is continuously broadcast on the website of the partner mining pool (), along with complete statistics of daily mining reward payouts from the pool to Minto.
A live broadcast from data centers, smart contract audits, project statistics, monthly reports, WP, etc. are available on the official Minto website.
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.
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.