The Minto team pleased to inform you that on the evening of August 23, 2024, as a result of connecting new energy-efficient mining hardware to the project, the Minto hashrate reached 139,000 TH/s!
This value will fluctuate slightly between 138 and 144 PH/s*, since the connection work is still ongoing.
As we promised, the project parameters have improved significantly, since all the newly connected power comprises the most modern miners. They were purchased with Treasury funds thanks to the decision made by the Minto community in Vote №9.
Thus, the project’s Customer Energy Efficiency (CEE) reached 28.5 W/TH, and the Average Energy Efficiency (AEE) - 30.0 W/TH, which turned out to be even better than our May targets, when the purchased equipment was just starting its way towards Minto:
As you remember, the creation of the Treasury and the purchase of miners with its funds was aimed at maintaining project profitability in the post-halving period, as well as creating a solid foundation for increasing ROI in new conditions as the market recovers.
We believe that this medium-term task has been completed, and extend congratulations to all Minto users on our joint success, because you made this decision!
As you can see from the mining break-even threshold chart, in August we not only maintained profitability, but also reached a good position in both energy efficiency parameters (AEE, CEE) with further profitability growth potential.
This means an increase in daily mining rewards by about 70%, as well as a steady Treasury filling, including due to the ultimate increase in the hashrate by more than 30%.
At the same time, I would like to emphasize that as part of the equipment replacement, more than 50% of outdated hardware was turned off, and then about 95,000 TH/s* of energy-efficient power were put into operation!
Now we can confidently say that, after the update, the Minto project has regained its former positions in accordance with new market requirements and finally entered the next 4-year market cycle in order to reach new heights and earn even more than in the previous one!
Stay with Minto, and together we can not only earn more, but also realize new far-reaching plans!
* 26/08/2024 Update: the Minto hashrate reached 144,000 TH/s.
