VOTE#8. About the ACH Switching to 100% Mining Hardware Uptime Mode

The question about the possibility of switching to the 100% mining hardware uptime mode often comes up in the Minto community.

We suggest considering a switch to the 100% uptime mode of the actively used 28,500 TH/s of hashrate, which provides mining rewards to Minto holders under staking and Autofarm v2 contracts.

As a clear example of the potential benefit/loss from uptime mode change, the Minto team calculated the possible future profitability per unit of hashrate of 1 TH/s = 100 BTCMT:

The current ACH = 28,000 TH/s; CEE = 38.9 W/TH (source: https://app.minto.finance/stats).

The calculation is based on historical data as of January 30, 2024, excluding the influence of such variables as:

• Profitability from increased commissions on the Bitcoin network
• Network difficulty fluctuations
• The upcoming halving, expected in mid-April

In our opinion, in the short term, the operation of miners in the 65% mode will provide higher profitability, and besides, additional risks associated with pre-halving fluctuations in the bitcoin exchange rate, difficulty, etc. should be taken into account.

Please weigh all the risks when making a decision.

How will it work? In case of a positive decision, 28,500 TH/s will be switched to 100% mining hardware uptime mode until February 5, 2024. With a negative voting outcome, everything will remain as before.

Due to the technical features of the power supply markets, switching between 65% and 100% uptime modes can be carried out no more often than once a month.

What is required for this to work? Voting on the blockchain will take place @ https://vote.minto.finance/#/ Voting period: 01/02/2024 to 05/02/2024 03:00 PM UTC(+04). Over 51% "YES" votes are required to implement changes. If over 51% of the votes are "YES" votes, the changes will come into force on 05/02/2024 and we’ll begin to implement the scenario described in the “How will it work?” section.

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/minto-and-the-bitcoin-mining-industry-in-2024) and join our Telegram community