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Blockchain technology is transparent and very secure. It has gained huge acceptance and adoption in recent years, and various institutions, businesses, existing and emerging projects are leveraging on this decentralized, revolutioized technology to drive their concepts and existing products to the next level. Cryptocurrency Mining is an automated procedure which decrypts transaction blocks. The thought of having a system setup that can help one mine or mint highly valueble crypto coins, like bitcoin, is very tempting. So many people have ventured into crypto mining investments, spending hard earned savings, and yet, due to some underlying issues, have not been able to rake in the expected profit. These issues range from high cost of the computing equipment, to electricity costs, lack of transparency by the mining companies, etc.
There's a new mining project that seeks to tackle the above mentioned issues; Let me introduce to you, MINEDBLOCK!
WHAT IS MINEDBLOCK ALL ABOUT?
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First and foremost, MinedBlock is all about cryptocurrrency mining. It 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 large scale mining operations, mining a wide variety of crypto coins without bothering about buying, configuring and maintaining the usually expensive mining gadgets and other such similar equipments. MinedBlock offers the opportunity for investors to purchase their ST20 Security Token which is a digital asset backed by a corresponding Preference Share in MinedBlock Holding Limited (the Special Purpose Vehicle) that allows holders to receive a revenue share mined by our mining farms. Collectively, MBTX token holders will own 95% of the Special Purpose Vehicle and the associated costs and revenue so, therefore, will receive the revenue share each month based on the profit generated. Revenues are going to be shared equally between all token holders on a ‘payout per token’ model. MinedBlock also aims to be a fully transparent company. All expense and revenue info for every given month will be available for review by any token holders to confirm full transparency of the total managed Mining Service. All wallet addresses belonging to MinedBlock are going to be published within the Investor dashboard to give full visibility and unbiased transparency.
MINING TECHNIQUES EMPLOYED BY MINEDBLOCK
🔻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.
WHAT MAKES THE MINEDBLOCK ECOSYSTEM STAND OUT
🔸100% Transparent: 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.
🔸Secure and Safe : MinedBlock host services using fully secure Data Centers. Mined and freshly minted coins are going to be held in absolutely encrypted cold storage until it is time to distribute earnings to investors. This way ussrs' tokens are kept safe from hacks and theft. The funds of users on the MinedBlock Chain will be protected from hackers, phishers and nefarious individuals seeking to use the platform to steal or do damage because it will not be susceptible to attacks.
🔸Friendly Support Service: 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.
🔸Crypto Portfolio Growth: Watch your portfolio grow when you use MinedBlock Mining. ETH will appear in your wallet on a regular basis.
🔸Multiple Currencies: With MinedBlock there is no need to decide which coin or token you would like to mine as we mine a variety of different crypto to ensure you get a good spread and maximise profitability.
🔸Global Accessibility: The Minedblock will be accessible from all parts of the globe. Global access brings the passive income opportunity of blockchain mining to people in different parts of the world.
🔸No Transaction Fees: The MinedBlock will be a utility blockchain where the native cryptocurrency will not have any transaction fees and the blockchain cryptocurrency will be generated from the MinedBlock cloud and mining services. This will make the MinedBlock the first truly free blockchain that individuals can use.
🔸Instant Transactions: Proof-of-Work blockchains have slow block speeds because of the computational load. The MinedBlock Chain will provide instant transactions because of the revolutionary consensus mechanism used.
🔸Dual 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 (MBTX) token is an ST20 standard token based on Polymath's token standard. Now there is also a second type of token called the MBTU token which is an ERC20 utility token and it can be used for the renting of mining equipment and payment of fees for mining service. Below is a breakdown of the two tokens and their distinct functions:
🔻MBTX
Polymath ST20 Secutiry Token
Passively earn a share of 75% of profits
Fully compliant security token
Monthly profit share payments
Will be tradable only on Security Token Exchanges
Buyer limitations exist
🔻MBTU
ERC20 Utility Token
Rent or Buy Private Mining Hardware
Pay for periodic management fees
Profits paid directly to your own wallet
Freely tradable
TEAM
PROJECT TIMELINE
CONCLUSIVELY:
Mining is a really rewarding venture, yet a lot of issues makes it less profitable for both miners and mining platforms. The aim of MinedBlock is to set up the infrastructure that can facilitate truly profitable mining for investors and broaden the landscape for miners around the world. This includes the creation of state of the art machines and grids that are energy efficient and that require less cooling. This project offers the chance for investors to take advantage of using the resources from a large scale mining operation, mining wide variety of coins without the need to acquire them with money, configure and maintain expensive mining equipment. This will eventually make mining, and the crypto mining industry generally, more profitable and attractive.
Let these links give you better guidance in keeping abreast with this project.
Website:
https://www.minedblock.io
Whitepaper:
https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Telegram:
https://t.me/minedblockofficial
Reddit:
https://www.reddit.com/r/MinedBlock
Twitter:
https://twitter.com/mined_block
Facebook:
https://www.facebook.com/MinedBlock/
Bounty0x Username: evolution2k46
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