Frequently Asked Questions
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Tokenized Mining-as-a-Service is Mint’s revolutionary bitcoin mining platform that lets individual users mine at scale the same way that the largest mining companies do. By fractionalizing all of the mining infrastructure into Hashing Tokens, users can mine at scale with no upfront costs and at some of the industry’s lowest energy costs. Mint’s Tokenized Mining-as-a-Service also allows users to manage their mining objectives and time horizons by letting them select when they’d like to hash. All of this is an industry first.
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Mining on the Mint platform is simple and straightforward. Users simply select the day(s) that they wish to mine on the Mint website, subject to availability. Before each Hashing Cohort begins, Mint will make available a daily schedule where Hashing Token holders for that Hashing Cohort can allocate their Hashing Tokens to one or multiple days, based on the available Exahashes per day, subject to availability. Once selected, Hashing Tokens are burned and after the day is completed, users are sent their $BTC to their desired wallet, based on the number of Exahashes purchased that day and the day’s average Hashprice. For more information on the daily Hashprice calculation, please read the Mint Whitepaper.
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When you purchase one (1) Exahash with one (1) Hashing Token, you are getting a finite amount of computing power. As most miners think of computing power in terms of hashes-per-second, it’s often easiest to convert your Exahashes to a per-second metric. For example, if you purchase 1,000 Hashing Tokens (Exahashes) , it is the equivalent of having 11.57 PH/s online for an entire day. The math: (1,000 Exahashes 1,000 PH per EH) / (60 seconds per minute 60 minutes per hour * 24 hours per day).
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When $MINT Token holders trade in their $MINT Tokens for Hashing Tokens, the $MINT Tokens are burned and can never be used again. This ensures that the number of $MINT Tokens and Hashing Tokens are in equilibrium at all times and prevents double-spending or an under-allocation of hashes performed to hashes sold.
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By acquiring $MINT Tokens in the first Phase of the Pre-Sale and then using those tokens to acquire Hashing Tokens at their cheapest price (Year 12 Hashing Tokens), users will get the greatest return available in the Mint ecosystem. An 96,000% return assumes that Hashprice stays constant throughout the life of the project, which, of course, is not likely. However, Hashprice can go up or down, and based on historical Hashprices, and it’s possible to even exceed an 96,000% return!
Note: not all $MINT Token purchasers will receive 96,000% returns. No amount of returns are guaranteed. Please review the legal disclosures and consult your technical, financial, and legal advisors before participating in the $MINT Token Pre-Sale.
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$MINT Tokens will be Airdropped to your desired wallet after the Pre-Sale has concluded.
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Hashing Tokens will be available after the $MINT Tokens have been distributed and before mining operations have started.
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It will likely take 12-18+ months from the end of the Pre-Sale until the energy generation and mining infrastructure is ready to begin mining operations. The Mint website will track the site development and will post updates, including the beginning of mining operations. Once mining operations begin, Year 1 Hashing Cohort will start and Year 1 Hashing Token Holders will begin to mine at the Mint Mining Facility.
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The Pre-Sale is being conducted in multiple tranches, called “Blocks.” Block 1 is $10M, Block 2 is $40M, Block 3 is $100M, Block 4 is $200M, and Block 5 is $50M. Each Block is sequential and the subsequent Block cannot begin to be sold until the preceding Block is completely sold. If a Block is not filled, all monies within that Block will be returned to the purchaser, minus any transaction fees.
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The Pre-Sale is being conducted in multiple tranches, called “Blocks.” Block 1 is $10M, Block 2 is $40M, Block 3 is $100M, Block 4 is $200M, and Block 5 is $50M. Assuming all Blocks are sold, the total number of $MINT Tokens sold will be 1.9B. An additional 100M $MINT Tokens will be AirDropped for marketing, Insiders, and multiple liquidity pools. For more details regarding the Tokenomics, please review the Mint Whitepaper.