VOTE#1. Hashrate and electricity costs improvements.

We are proposing to improve and optimize the mining process on the existing Minto hardware by reducing electricity consumption during peak hours when higher electricity rates are applicable.

Why are we proposing this? We have a range of tools and competitive advantages to improve operations and manage risks, including the risks of a bear market and a decline in BTC production. We intended to announce them as Minto developed, but didn’t think we’d have to do it so early on. We are fully prepared for what’s happening, and we’d like you to know how we can impact the current situation. And, most importantly, you need to decide whether we need the proposed changes by voting on the blockchain.

Your decision will allow us to either introduce new tools that will increase mining profits, or leave everything as is.

What will change and what are the benefits? By switching to a new electricity consumption mode, we’ll be able to reduce its price from $0.055 to $0.0386 per 1 kWh. The average daily uptime will equal 65%. Miners will work between 12 and 16 hours a day on weekdays, and 24 hours on weekends.

We’ll alter the formula for calculating electricity costs, which are deducted daily from the mined BTC. We’ll use the actual mining pool hashrate rather than 55,000 THs in our calculations. We’ll change the electricity price in the formula from $0.055 to $0.0386.

Actual hashrate production will still be available @ https://www.f2pool.com/mining-user/06510a9d9d36f01fb7cbad861fb6c4cb or via the “Hashrate watcher” button on the main page.

These changes will have a direct impact on your income. Below we’ll provide an example of profit calculation both under the current “as is” conditions and after the proposed transition to 65% uptime.

"As is": Daily mining revenue = 0.23259749 BTC or 5181 USD. Daily electricity costs = 4487 USD Profit = 695 USD

"Uptime 65%": Daily mining revenue = 0.1484 BTC or 3368 USD. Daily electricity costs = 1988 USD Profit = 1379 USD

Thus, we’ll be able to increase profits by an average of 50%.

How will it work? This change is only applicable when the BTC rate is low and/or the difficulty of the Bitcoin network starts to skyrocket. If the "65% uptime" mode profit level falls below the profit level in the "as is" mode, we’ll return to the previous operational mode. We’ve developed an algorithm that collects data on electricity tariffs and peak hour schedules published by electrical companies. A miner operation algorithm will be formed based on this data. During certain time intervals, miners will go into a “stand by” mode, reducing electricity consumption to a minimum. This way we’ll get cheaper electricity during off hours (just like your washing machine runs at its cheapest rate at night), and the price per kWh will drop significantly. On weekends, miners will work 24 hours/day.

What is required for this to work? Voting on the blockchain will take place @ https://vote.minto.finance/#/ Voting period: 06/14/2022 to 06/17/2022 06:00 UTC. 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 06/17/2022, but no later than 06/21/2022. 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 on staking and auto-staking smart contracts. Connect your wallet, choose an option and vote.

If you have difficulty voting or would like to know more details - join our community and we’ll definitely have a discussion here: https://t.me/btcmtofficialchat