VOTE#10. Direct Treasury Funds to Purchase New Miners

As a result of painstaking work, the Minto team received an option to purchase mining equipment with a total capacity of 280 PH/s (280,000 TH/s) at very attractive prices. Considering the growing market potential and favorable conditions, we propose to direct Treasury funds to purchase modern miner models that would significantly increase the project hashrate with insignificant concomitant losses in Average Energy Efficiency (AEE).

Why are we proposing this? At the moment, Minto owns 144,000 TH/s of mining power, of which about 37,000 TH/s make up ACH (Active Client Hashrate) with a record energy efficiency of 28.5 W/TH (CEE), and the rest of the power is used to fill the Treasury with an efficiency of about 30 W/TH. We have received an excellent opportunity to actually triple our hashrate with relatively small investments and we are asking the Minto community to support our decision on this issue.

What will change and what are the benefits? In case of a positive result of the vote, we expect to raise between $175,000 and $350,000 for the purchase of additional hashrate. This amount will presumably comprise: $150,000 - Treasury funds
$200,000 - project funds received from the discounted token sale The purchase will be made within 5 days, within the following target indicators: Price of 1 TH/s = 1-2 $ Energy efficiency: up to 30-36 W/TH Expected amount of hashrate: up to 280,000 TH/s Expected AEE: up to 33 W/TH, while the CEE remains 28.5 W/TH The delivery of the purchased equipment to Minto farms and its installation will be a priority. Due to a significant increase in the project hashrate, the revenue indicator will increase respectively, and the filling of the Treasury will significantly accelerate, expanding the possibilities of regular use of the Treasury funds for the benefit of $BTCMT holders. We expect to fully recoup the invested funds within 8-11 months due to the operation of the purchased capacities and receive net income in the next 2-3 years until the end of the current halving cycle. Read more about buying miners and raising funds in the article (https://www.minto.finance/blog/article/lets-triple-our-hashrate-for-the-rest-of-the-year).

How will it work? If a positive decision is made, about $150,000 of Treasury (https://etherscan.io/address/0x005FE03e5D3A3390F7eC43d95aDf08Be4eE7C1c1) and $200,000 from the discounted BTCMT sale will be used to purchase mining equipment. The tokens' discount is set from the $BTCMT market price at the time of the start of voting. The acquired hashrate will be connected to the project gradually as the equipment is delivered. The expected delivery and connection of the equipment after the invoice is paid in full is ~ 2.5-3.5 months. In case of a different outcome of the vote, the funds will not be distributed and will continue to accumulate until the next vote. Voting format: Option 1: Yes, use the funds to purchase equipment Option 2: No, do not use funds to purchase equipment

What is required for this to work? Voting on the blockchain will take place @ https://vote.minto.finance/#/ Voting period: 25/10/2024 to 29/10/2024 04:00 PM UTC(+00). Over 51% "YES" votes are required to use funds to purchase equipment. If over 51% of the votes are "YES", we will start to purchase miners on 29/10/2024. The weight of your vote will be proportionate to the number of tokens you own. You’ll be able to vote even if your tokens are currently on staking and autofarm smart contracts. Connect your wallet, choose an option and vote. If you have trouble voting or would like to know more details - read the article (https://www.minto.finance/blog/article/joint-treasury-management-mechanics) or join our Telegram community (@btcmtofficialchat)