MINEDBLOCK | MINING AS A SERVICE

[atteh]

INTRODUCTION

Cryptocurrency Mining is the process which transactions on the blockchain gets verified and added to the blockchain digital ledger. Mining is done by purchasing rigs and mining powers and also uses computers powers to solve problems on the blockchain. The Cryptocurrency Mining industry has received lots of recognition over the years as it has been a productive part of blockchain and Cryptocurrency. The amount of mining farms has gotten increased every since 2017 due to the high surge in price of Cryptocurrency, since then mining has become a huge industry in the crypto space. Mining has brought in new investors and achivement in the crypto space with it high profits,it has become may peoples job and this is so because it was giving them profits.

But still with this advantages and benefits of mining there are lots of problems in it, first is the huge power it consume leading to high cost of electricity. As the power used in mining cryptocurrency can serve countries for a long period of time. Research shows us that the mining of a single bitcoin block consumes enough electricity to power more than 28 U.S. homes for a full day. This is a huge tons of power which cryptocurrency mining consumes. The second is the high cost of mining machine, as you might know that not everyone has a mining machine this is because the price to purchase is very high, costing thousands of dollars and also it cost of maintenance is high.

Miners today are lossing so much in because of the lower verification of work been performed by the blockchain. Whereby Miners need to depend on mining pools which this mining pools are built on centralization, making distributing rigs in a partial way. Mining is becoming unprofitable as days goes by, leading to many investors leaving the Mining industry. This is why MinedBlock is here to rescue current Miners and also attract investors into crypto mining as it purpose is to solve all this problems and make mining a profitable investment.

What is MinedBlock? 

MinedBlock Is a blockchain based project that offer investors and Miners the benefits to use the resources of large-scale mining operation, mining multiple crypto assets. With MinedBlock investors do not need to buy, configure and maintain mining equipments which are seen today as the part that is very expensive in crypto mining. MinedBlock will improve the standards of the decentralization of coins as the platform is fully decentralized.

Has it is known that the Cryptocurrency market is in it steady development pace, with lots of Cryptocurrency been created. This coins, which can not be mined with the current mining industry because one will need to buy another mining machine to mine that coin but today MinedBlock is doing something different, MinedBlock allows investors to easily switch between any cryptocurrency that the want to mine. As price of Cryptocurrency increases the profits been made. So investors or Miners can mine multiple Cryptocurrencies on MinedBlock platform. This leads to spread and maximise profitability.

The features which MinedBlock will be delivering is, maximum security, has it been known that security is the most important thing on a platform MinedBlock is built in a solid standard security system to protect every of it parts from hacks. This is a good measure in delivering the best to it users as they do not have to fair of security breach. The platform is also built with friendly user interface and UX to give users the best in they've every been wanting. This enables users to easily navigate, understand the use of the platform as every single part in the platform is self explanatory.

Another add feature MinedBlock have is Zero Configuration, this is automatically set by the MinedBlock platform in order to reduce users stress and save time. MinedBlock is 100% transparent, as this was the aim of the blockchain, every transactions made on MinedBlock is make public and can be checked anytime, any day as this brings up trust in a platform.

MinedBlock features a friendly support which enables users communicate with the team directly whenever they experience any problem on the platform. Users also have the advantage to chech their portfolio as they grow in the MinedBlock platform because the platform is always a winner and users keeps making profits. Users will have ETH appearing on their wallet on regular basis.

MinedBlock has also it own native coin which is a very important part of the platform as it plays a vital role in making it work. The MinedBlock coin is used as income and rewards to investors. The coin helps in securing the platform as it will be stored in the cold wallet until the use arises. The MinedBlock coin also provides holders a share of ownership of the holding company behind the service. MinedBlock also adopt the use of dual model, that is different token which is comprised of security token and utility token. This token enables a passive income and also allow users to to pay for mining service.

TOKEN DISTRIBUTION

Token Sale - 95%
Founding Team - 5%

FUND DISTRIBUTION

Mining equipment - 80%
Building of data Centre - 10%
Reserve - 10%

MONTHLY REVENUE DISTRIBUTION

Token holders - 75%
Expansion - 10%
Operational costs - 10%
Token buy back - 5%

ROADMAP 

TEAM

CONCLUSION

I can boldly say that MinedBlock is the future of the Mining industry as every set of current problems is fixed by MinedBlock leading to more profit to mine cryptocurrency unlike never before. The team is a experience and capable of handling everything when it comes to this aspect as they are professionals in this sector. MinedBlock is about to change the Mining industry for good.

For more information about MinedBlock, visit the links below;

Useful Links 

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: Atteh

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