Bitcoin has already climbed above 1 lakh, but we have to turn back to November and see how the flywheel of history unwound.
So, in November, we showed $75k of net profit (+86% month-on-month), paying out $20.2k (+90%) in rewards and depositing a record $55.5k (+85%) the Treasury, an amount second only to the pre-halving March.
After buying miners with Treasury funds ($150k) in October, we almost doubled the fund in November and kept filling it at the same pace. The spread between the rapidly growing bitcoin exchange rate and the network difficulty increases, so now is the most favorable time for miners!
What we have been working for all this year (and all the previous ones) is being relentlessly realized right before our eyes and is monetized daily on the balances of our loyal users.
The difference between the results of 65% and 100% uptime has significantly decreased ($75 vs $56k) and already constitutes about 25%. According to this indicator, we are once again second only to the pre-halving March ($56k vs $104k)!
We continue to work in the 65% uptime mode and monitor the situation so as not to miss the moment of switching ACH.
So, in the post-halving reality, November has become the next most successful month ever for us. However, 3.5 years of the current cycle are still ahead, bringing with them personnel changes in the SEC, the possible creation of state reserves in Bitcoin and many more things that we cannot even imagine - but we don’t have to, because we have more specific tasks.
The Minto team continues to work intensively to reinforce the project's mining infrastructure. We expect the arrival of new miners purchased under VOTE #10 to multiply our revenue and profits!
Stay with Minto, and let's have fun in Bitcoins together in the new stable era*!
*The Three-Body Problem, Cixin Liu
