Minto has summed up the results of 2024 in the world of Bitcoin mining. This year was marked by significant technical and organizational changes aimed at increasing the project's efficiency and stability.
New Mechanics and First Quarter Updates
At the beginning of 2024, Minto implemented updated reward distribution mechanics, as decided by the community in VOTE#7. The focus was on energy efficiency to achieve profitability targets post-halving. By March 2024, the project treasury accumulated $150,000, which was directed towards equipment upgrades.
Overcoming the Halving and System Development
The April halving posed a significant challenge for Minto, with results proving more difficult than anticipated. However, smart algorithms and selective shutdowns helped avoid losses during tough months. Simultaneously, equipment upgrades improved the system's energy efficiency by 30%.
Expansion and Record Achievements
During the summer and fall of 2024, the company significantly increased its miner capacities, reaching a hash rate of 144,000 TH/s. Moreover, the BTCMT token was successfully listed on the MEXC exchange, positively affecting its liquidity and market valuation. Consequently, in September, the net profit increased by 75% compared to August.
Minto has successfully overcome all challenges of 2024 and is optimistic about 2025. The company is prepared for further growth and stabilization in the cryptocurrency mining market.
