One of the foundational part of blockchain technology and its decentralized currency is mining because the creation of Crypto coins go through this mathematical process. Both PoW, PoS and other new generation blockchain protocols go through the process of mining before any coin can be created. However as the cost of mining continues to increase, miners who are to keep the system fully decentralized result to centralization because of this increase cost of operation.
To set a new standard in the industry, MinedBlock came with a new balanced concept for their investors. Between 2017 and 2018 and even this year, many ICO related to mining has been done and some of them are even trading currently in some exchanges, some of this project also promised their investors some percentage of their profits. But sadly, with what we see about most of them and with the ICO system that don't make them to accountable to their investors ended in worrisome outcomes. They start mismanaging and this make them not to be successful thereby increasing the risk for the team and investors in such projects. MinedBlock comes with a mining model which focuses on mining as a service with a security token system.
The Foundational Core of the Mining Operations Center That Will Conduct Mining as a Service
To create a space for the project, there will be creation of a mining site which will be use to mine top 50 coins on coinmartcap in order to guarantee a steady of revenue for their investors to benefit from. By having a large and comprehensive mining operations, MinedBlock will assist in improving the decentralization of coins where a wide caucus of coins already have great influence on the hash rates. From the beginning, there will be worldwide sharing of data centers.The founders of MinedBlock who also happened to be the CEO Greg Wales and Paul Bishop (COO) and also also Mathew Ruff who is the CSO of the company identify and managed the risks connected ti to the company mode of operation. They are also responsible for making the project to take advantage of profitable enterprise opportunities. To put it straight, the mode of operation initiated by the founder which is targeted towards crypto mining as a form of service will ease up the usual difficulties of cloud mining services through an STO based, transparent and equal participation system.
The Solution to The Uncertainty of “Cloud Mining” and Other Services With MBTX
MinedBlock is currently running a Security Token Offering on Polymath ST2O complaint platform. This process will makes them raised the much needed funds to fast forward the plans in their Roadmap as they focus on the most important of them. With this, the administrative process from on the part of the main team will be fast forward thereby creating a large scale mining operations without the need to buy, set up, maintain and set up a mining site in a fully transparent atmosphere. With this in mind, the Security token of MBX will act like a feedback system thereby creating an ecosystem within the premise of ensuring mining as a service.MinedBlock promised to provide a fully transparent, managed mining service where it will possible to rely on experts to take care of the mining gears. Maintenance and upgrading are very important to guarantee high performance and high profitability. It is very important in a setting that neither sleeps nor stop working; Miners process calculations 24 hours a day, seven days a week, which is why a mining facility requires attention, maintenance, and repairs.
Final Thoughts
With MinedBlock platform, investors and users will be able to safe time and effort. In this industry, there are hundreds of coins and tokens and this means only professional can decide the right gear for any mining process. Professional process management sets and maintains mining gears. This zero-knowledge process creates opportunities to those who don't have much knowledge about mining. There is no need for users of the platform to do any configuration and also the carefully professional management of the platform will also safe high cost of operations and other costly reality of mining.Check any of the following links below for information about the 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/
Bountyox Username: Eratus05
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