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Minto Monthly Report Sep'23

October 18, 2023

Hi everyone!

The main September's event for both Minto and the entire crypto industry was the annual WDMS Global summit, organized by Bitmain, the world's largest manufacturer of mining hardware.

This time, WDMS 2023 took place in incredible Hong Kong, and we are still impressed by it!

A lot of prizes were raffled off among the huge number of visitors to the Minto booth. Some lucky ones won 888 BTCMT tokens, but we thought it was unfair that our Lucky Tree is available only at the booth and opened it up to all our social media followers, one of whom also won!

The Minto team presented its own advanced line of services and offered exclusive conditions on all of the company's products at the booth, while many speakers addressed the audience in the conference hall. 

Our colleague, Bryan, Head of US sales, reported on how Bitcoin mining capex and opex can be optimized even in a bearish market using the latest technologies and algorithms.

At the same time, throughout September, Minto continued to work on a new version of the Autofarm smart contract in order to put the question of its initialization to a vote in October. But let's not get ahead of ourselves.

In the meantime, here are our September results:

📈 Numbers

Hypothetical results with 100% uptime:
Mined: 5.3056 BTC (137 992 USD)
Electricity cost: 173 072 USD
Net profit: -35 080 USD

Actual results with 65% uptime:
Mined: 3.3092 BTC (85 989 USD)
Electricity cost: 74 275 USD
Net profit: 11 714 USD

So, the WDMS summit is over, but we continue to work, after a powerful energy boost from meeting like-minded people!

Stay with Minto, more news is coming soon!

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