Tokenized hashrate as a benefit of Web3 world
We use electricity because we have an AC outlet. We use social networks because there is the Internet. We are integrated into the world by a huge number of intricate connections, and information about us is scattered across a variety of resources, including LinkedIn, Facebook, Instagram, Twitter, etc. However, in most cases, the distance between the producer and the consumer is still too great.
We use electricity because we have an AC outlet
Before the advent of the Internet and digital data transmission, we lived in a strictly physical world with letters in envelopes, paper money and telephone communication. In the 90s, the first digital revolution Web1 happened to give the world web pages, e-mail, ICQ, which became initial opportunities to share information and declare themselves. In the 2000s, the digital space Web2 won much more attention for itself, immersing us in social networks, YouTube, modern messengers and cloud services.
Since about 2015, Web3 has been entering our lives, where, thanks to blockchain and decentralization, platforms for creating and managing digital assets are emerging. These new tools offer the shortest ways to transfer value between stakeholders without intermediaries. From this moment, a gradual change in the paradigm of the modern world begins, where, on the one hand, a critical mass of users of decentralized services is accumulating, and on the other hand, traditional institutions are trying to hold positions based on human inertia and administrative resources.
WEB3 offers shortcuts to transfer value
Web3 has brought unprecedented ease to global collaboration, becoming essentially a revolution in coordination, ownership, and value transfer. The emergence of smart contracts marked the beginning of a new era of relationships between people when everyone is in direct contact, and any value is transmitted directly. In Web3, code enforces the agreements and the blockchain infrastructure protects against manipulation of this code.
For the first time, a person is on the verge of obtaining full autonomy and independence in the sense that the manufactured product gets directly to the consumer and is paid for, bypassing intermediaries. At the same time, both parties may not disclose their physical nature at all, but only operate with their wallets. The guarantor of the transaction execution is a smart contract that can allow for agreements between two untrusted individuals without burdening the legal system. It creates a major shift in a human’s ability to coordinate behavior and form agreements between groups.
Cryptocurrencies and tokens are the fuel for such cooperation. Digital assets are the Web3 business card. If up to now we have integrated into the world and drew from it exclusively with the help of fiat funds, now digital tools formalize the relationship between people and groups, reducing them to the cooperation of wallets. The main question is what the wallet-avatar should be filled with in order for the proclaimed freedom to be financially supported.
Digital assets are the fuel for coming closer and cooperation
Bitcoin remains the dominant cryptocurrency today, maintaining its obvious primacy in terms of market cap, operation autonomy and non-compromise. It is known that bitcoin is a product of mining, which moves further away from the common man as it evolves. So, if at the very beginning bitcoin was mined on single computers of advanced enthusiasts, now traditional mining is captured by the largest mining pools. Cloud mining, which briefly became a salvation for single players, quickly devalued itself with an abundance of scams and ceased to be perceived as a serious line. Today, the third phase of mining popularization is beginning in Web3. It is hashrate tokenization and its sustainable development will finally allow everyone to get from mining what most did not have time five to ten years ago.
Hashrate is the computing power of bitcoin mining hardware. Tokenized hashrate is digital assets backed by real computing power and allowing their owners to get bitcoins as a reward for mining. Owning a tokenized hashrate is equivalent to owning a mining farm with the appropriate hashpower, which guarantees a steady income in bitcoins even in a falling market. In fact, today it is the only available way to mine bitcoin for an ordinary person who is convinced that traditional mining and exchange trading carries risks that are incompatible with obtaining regular predictable income.
In the case of traditional mining, the main risk is in the partial or complete loss of physical equipment, loss of profitability due to the inability to maintain the farm at the proper level, in regulatory initiatives that can negate the entire effectiveness of investments. Using the example of the consequences of the crackdown on mining in China, it is clearly seen that even large players need up to six months to fully restore their work after the onset of regulatory force majeure. As for stock trading, everything is even riskier here: there are no guarantees of value multiplication and one bad deal or a strong market movement can cancel out everything that has been created for several years.
The purchase of a tokenized hashrate not only eliminates the above-mentioned risks, but also significantly expands the management capabilities, since the liquidity of a digital asset is significantly higher than a physical one. Hashrate tokens have their own value, consisting of the cost of the terahash, the premium for the high profitability of mining and the exchange margin due to the limited issue. In addition to the fact that hashrate tokens bring daily income in bitcoins, they can be sold (or bought back) on the exchange themselves at any time.
Tokenized hashrate is a highly profitable liquid asset
It is impossible to sell a mining farm in a matter of seconds if there is an urgent need. The purchase of a tokenized hashrate saves the owner from maintenance, depreciation and the search for a buyer of physical equipment, and in addition, allows you to successfully wait out the “bad times”, because regardless of the market situation, the asset deposits the balance of bitcoins daily. Thus, the tokenized hashrate combines qualities that were not possible to combine in one asset before the Web3 revolution: there are static and dynamic values, high liquidity and low ownership risks.
Technically, in order to start earning mining rewards by owning hashrate tokens, they need to be added to the liquidity pool, that is, to be staked. After that, the owner of the tokens begins to earn bitcoins in proportion to the share of the deposited funds. However, in such projects, it is very important from what amount of mining power rewards are paid. These nuances are prescribed in the project White Paper. Most often, the total number of staked tokens is chosen as the base.
In this sense, the Minto project offers the most advanced and appropriate conditions for the Web 3 paradigm, since the Minto smart contract pays rewards from the hashrate of all declared mining power. This allows token holders to get several times more profit, because the total hashrate of the project always exceeds the hashrate of staked tokens.
BTCMT project tokens are backed by the data centers’ hashrate in a ratio of 100 BTCMT = 1 TH/s. The accrual of rewards is made by the corresponding smart contract, which fully distributes all bitcoins mined by data centers per day between the owners. Thus, Minto offers the least risky and most profitable way to get bitcoins, which are received in wallets daily and can be fuel for the integration and cooperation of their owners in the Web3 world.
Minto is Web3 digital energy in your wallets!
Industrialization brought heat and electricity to the houses, and now instead of firewood, which had to be extracted, we use the usual AC outlet. The Web3 revolution has brought blockchain, digital assets, and highly liquid digital bitcoin mining tools like Minto to our homes. Daily bitcoin receipts open up full access to the world of Web3 to work in decentralized applications, which are the most effective tools for coming closer, cooperation and transfer of value between a wide variety of user groups.
Minto is Web3 digital energy in your wallets! Use it for cooperation and value transfer to grow together with the entire crypto industry.
