On April 26, 2025, a part of the new mining hardware purchased with Treasury funds as part of Vote#10 was placed and launched in the Minto data centers. As a result, Minto's total hashrate reached 190 PH/s (190,000 TH/s) with average energy efficiency (AEE) of 31 W/TH and customer energy efficiency (CEE) of 29 W/TH.
The slight increase in energy efficiency is due to our balanced approach to equipment purchases aimed at minimizing CAPEX and its payback period, which will allow us to earn the maximum in the current mining cycle, that is, until halving 2028. That is why, out of all the market offers, we chose the equipment with the most affordable energy efficiency range of 30-36 W/TH, as a result of which the project parameters were adjusted by 0.5-1 W/TH.
Initially, we were going to double, and potentially even triple, the hashrate as soon as possible, but all in good time - we are acting consistently and continuing to move towards the set goals.
The market situation remains controversial. On the one hand, bitcoin remains above $90,000, which was difficult to imagine a year ago, on the other hand, we still do not see the possibility of switching the client hashrate (ACH) to 100% uptime mode, since this price is not sufficient to ensure the profitability of the 65% uptime mode. An idle hashrate in this way does not generate losses, however, it limits our ability to commission new capacities while we always strive for a perfect balance.
As the market situation improves, we will connect new batches of hashrate, maximizing the profitability of mining in all available ways. Today, the cost of mining one bitcoin in the Minto project is just over $50,000. This is a very good indicator that exceeds the same value at some of the world’s largest mining companies, so we believe that the path we chose is optimal, and we will continue to adhere to it.
Minto is an exceptional project, as no one has been able to repeat our success for several years. Many hashrate token projects with neither a clear strategy nor a desire for anything more than quick money have appeared and disappeared. Minto focuses on the development of mining infrastructure, its efficiency is our main goal, and everything else follows.
In addition, we have created the Treasury, a community-managed monetary fund, whose funds can be used to develop a project or as a financial cushion in difficult situations.
That is why we have been operating successfully for several halving cycles, and there is not a single factor that can disrupt our work in the future.
The Minto team is grateful to the community for the decisions they have made — together we are building a future where bitcoin will prove its value over and over. Stay with us and be sure - market instability is always followed by a phase of stable growth, and Minto will always remains a green candle on your charts, because with us you earn daily income in bitcoins!
