While the market was in a decline, Minto bought new miners, increased the project hashrate and improved energy efficiency. In December, this was done twice - on the 13th and 31st, in fact, just before the January market upturn. Minto entered 2023 with a hashrate of 65 PH/s and an energy efficiency of 57.2 W/TH.
December 2022 was a month of general despondency and stagnation, and this January is a month of thaw. It should be very useful to compare the two months' results and get a visual idea of how even small positive shifts in the market fundamentally change the profitability.
During a market upturn, it becomes especially clear that all the work that preceded it was not done in vain. The project skillfully used the market lull to accumulate resources, moved in the right direction and brought in a good profit at the first market revival.
So, let's compare December and January in numbers:
In January, with the 30% overall market growth, the income from each staked BTCMT increased by 300%
When increasing the BTCMT position during the December-January market pessimism period, the most visionary users received an average 1.5-fold increase in the value of the token itself, as well as only in January - about 5% in the form of mining rewards. At the same time, it should be clear that the market simply sighed and it was merely a correction rather than the beginning of active growth.
This suggests that the ship hasn’t yet sailed, and there is still enough time to join Minto and consistently achieve all the peaks of success inherent in the market together.
Working with Minto places you at the forefront of Bitcoin mining, where only large mining corporations are currently working with various degrees of success. However, you can remain yourself with Minto and participate in mining using much more liquid resources than actual mining hardware, time and effort put into its maintenance.
BTCMT tokens are actually the atoms that make up your own mining farm. You can manage them with no restrictions, add or decrease the hashrate at any time. For an ordinary user who's not ready to invest hundreds of thousands dollars in equipment, mining with BTCMT is perhaps the most affordable and liquid type of mining today.
Long-term success is never the result of a single event. Sooner or later there comes a time when all the factors come together and produce the necessary synergy - then the project gets a new breath and moves on to the next intended goal. January was a very significant month in terms of several factors working simultaneously and greatly increasing project profitability.
This success is based on our concentration and painstaking work on project development during the market lull, with the market revival serving as “rocket fuel”, despite the fact that it was only a small market fluctuation. Using the December-January example, you can clearly see how quality turns into quantity, and estimate the results that the Minto project can generate in the event of a real surge of market optimism and the beginning of a full-fledged cryptocurrency spring.
So, adding 10 PH/s hashrate, improving energy efficiency from 60 to 57.2 W/TH and 30% market growth eventually produced a 300% growth in mining rewards. There is no doubt that the market will add to the synergy more than once, meanwhile, the Minto project is doing its job and moving on.