INTRODUCING MINEDBLOCK
MinedBlock is a large-scale, cost-efficient crypto mining company. It offers an avenue for investors to take advantage of, and profit from using the resources from a large-scale mining operation, mining a wide variety of crypto coins without the bothering to buy, configure and maintain the usually expensive mining gadgets and other such similar apparatuses. MinedBlock also aims to be a fully transparent company. They will have customer dashboard, as a live service, to show all the live stats along with mining revenue generated and predicted distribution based on the specific holdings. Future plans for mining activities will be voted through dashboard threfore everyone in the MinedBlock community has the right to shape the future of company. MinedBlock offers the chance for investors to take advantage of using the resources from a large scale mining operation, mining multiple coins without the need to buy, configure and maintain expensive mining equipment. The team offers a fully managed mining service where you can rely on our team to look after the equipment and ensure they are working at maximum productivity 24/7 with the lowest operating costs.
A SUMMARY OF CRYPTO MINING
The subject of Cryptocurrency Mining is very interesting and also lucrative. Many venture into it even without fully understanding how it works. Before emphasizing on what MinedBlock will be offering, it will be good to quickly touch on the cores of cryptocurrency mining. Cryptocurrency Mining is a computerised process which decrypts transaction blocks. When a miner processes or finds a block a few things happen:
¶ Pending transactions are processed resulting in a transaction fee for the miner
¶ New crypto assets are minted and given to the miner or pool of miners
¶ What happens next is that the next link in the chain is sealed and confirmed throughout the blockchain creating a permanent record of the transactions and the new generated assets. In the early days of crypto mining, it was possible to mine with any standard laptop or desktop computer, but as technology has evolved and the blockchain difficulty has increased miners now need to use specialised mining rigs or devices. Broken down and elucidated below are the two categories.
¶ GPU Mining Rigs Graphics Processing Units (GPU) or graphics cards perfectly suit the processing power needed to run the complex calculations to solve ‘blocks’.
¶ ASIC Miners (Application Specific Integrated Circuit) are complex computer systems which are specifically designed to perform a single task. The AntMiner S9i is an ASIC miner with 189 individual chips that are all built to crack the SHA-256 encryption which is required to crack the block. There are dedicated ASIC miners available for most of the primary crypto block-chain’s.
KEY FEATURES OF THE MINEDBLOCK MINING ECOSYSTEM
¶ SECURITY: MinedBlock host services using fully secure Data Centers. Mined coins are going to be held in absolutely encrypted cold storage until it is time to distribute earnings. This way ussrs' tokens are kept safe from hacks and theft.
¶ UNPARALLELED TRANSPARENCY : All expense and revenue information will be published each month for review by any token holders to ensure full transparency of the total managed mining service. Any wallet addresses owned by the company will be published within the investor dashboard to give full transparency. Everything the team does or plans will be communicated to the community. You won’t get caught out by any surprises.
¶ FRIENDLY SUPPORT: The MinedBlock project is backed by a dedicated support team to ensure things runs smoothly, so you can get on with other things. This gives users a sense of security and assurance in cases they run into challenges whilst using their products.
¶ ZERO CONFIGURATION: Mining made easy! Yes, that's what MinedBlock is offering. With the MinedBlock platform, you’ll save time and effort as the team manage the whole process for you so there is no configuration required from you.
¶ PORTFOLIO GROWTH: Watch your portfolio grow when you use MinedBlock Mining. ETH will appear in your wallet on a regular basis. Wow!
THE MINEDBLOCK TOKEN
MinedBlock adopts a first of it's kind Dual token model which is comprised of a Security Token enabling a passive income and a Utility Token which enables access to a pay as you go mining service. The MinedBlock (MBTX) token is an ST20 standard token based on Polymath's token standard. It also has a second type of token called the MBTU tokens which is an ERC20 utility token and it can be used for the renting of mining equipment and payment of fees for mining service.
ICO DETAILS:
Symbol: MBTX
Token type: ETH (ERC20)
ICO Price: 0.15 USD
Min purchase: 300 USD
Total supply: 400,000,000 MBTX
Available for sale: 365,000,000 MBTX
Soft cap: 3,500,000 USD
Hard cap: 32,000,000 USD
ICO Start Day: TBA
CONCLUSIVE THOGHTS
When a new project springs up in a specific sector, it should have in mind the problems and challenges facing that industry, and come up innovative solutions to some of these problems at least. MinedBlock wants to bring mining back to the crypto community for everyone to benefit. They aim to build a large mining facility which will run as a service for their Mined Block Token (MBTX) holders. They will resolve the problem of gaining no profit from mining the top coins; due to electricity costs, by having access to locations where the prices of renewable energies are very low. Therefore they will increase the share of the mining. Also buying large volumes of mining hardware will also allow them to take the best discounts.
Please note that this project is very huge and robust, and my aim of writing this piece is to summarize, to the best of my ability, the structure and benefits of this amazing project. The minedblock Whitepaper is very rich and comprehensive, and carries well detailed information on this illustrious project, I therefore recommend it for a better understanding of the MinedBlock project. 👉 Whitepaper https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Other useful channels:
Website
https://www.minedblock.io
Telegram
https://t.me/minedblockofficial
https://www.reddit.com/r/MinedBlock
https://twitter.com/mined_block
https://www.facebook.com/MinedBlock/
Bounty0x Username: echoe2k4
