MINEDBLOCK | A REVOLUTIONIZED CRYPTOCURRENCY MINING ADMINISTRATION THAT OFFERS MINERS OPPORTUNITY TO MINE CRYPTOCURRENCY WITHOUT NEED OF OBTAINING COSTLY MINING EQUIPMENT

sebastianlbj (40)in #cryptocurrency • 5 years ago (edited)

INTRODUCTION

What keeps the cryptocurency world moving and it's users glued to it is the constant availability of coins to use and the way they remain in circulation. However, this is the duty of miners. They ensure that new coins are produced and put into circulation and prevent them from going out of circulation. So for this to continue, there has to be the ease of mining for miners to foster their activities and there is a need to make the process more economical such that excessive cost is not wasted during the course of mining. This is what Minedblock came to do. Making the process less tedious and economical at the same time.

The consumption of power by this process is really high and costly to keep up with for mining. This has affected the process to some extent and is currently one of the problems to be tackled by Minedblock. This project as a blockbuster establishment seeks to put an end to the difficulties faced by miners while providing all the needed infrastructures needed to scale higher in the operation. The team has known before hand that the process of mining is one that produces a great amount of heat to the surroundings and most times the operation do disturb the living residents in the area. But for it to remedy that, it plans to have an environment of cool climate for the activity. That is why the attic region is chosen. Amenities which enhances the process will be provided and made accessible cheaply alongside opportunities to keep up with the state of art intelligence which will prevent them from excessive charges for electricity and other services that is being managed.

INTRODUCING MINEDBLOCK

MinedBlock is a cryptocurrency mining administration that offers miners the opportunity to mine cryptocurrency without the need of obtaining and securing complex, refined and costly mining equipments. This administration will be overseen by experienced experts that will guarantee the mining procedure goes as smooth as could reasonably be expected while bringing about minimal operational costs.

This mining administration will have an office that will be situated in a crypto well disposed condition and where the expense of power will be very affordable. One of such places is Ireland as it has an entirely good atmosphere and modest power costs.

THE MINEDBLOCK TOKEN

The MinedBlock has it's own native tokens MBTX which is a Security token, and this implies holders of the token will be an investor in the organization MinedBlock Limited and be qualified for a piece of the income produced from the mining administration. This token is a ST-20 token that keeps running on an ethereum blockchain framework created by Polymath.

It additionally has a second sort of token called the MBTU tokens which is an ERC20 utility token and it very well may be utilized for the leasing of mining equipment and payment of expenses for mining administration.

Feature Comparison

Dual Token Model

ALLOCATION

TOKEN DISTRIBUTION
95% Allocated to token sale
5% Allocated to founding team

FUND DISTRIBUTION
80% Allocated to Mining equipment
10% Allocated to building of data centre
10% Allocated to Reserve

MONTHLY REVENUE DISTRIBUTION
75% Distributed to token holders
10% Allocated to expansion
10% Allocated to operational costs
5% Allocated to Token buy back

ROADMAP

CONCLUSIVELY

Cryptocurrency mining has been extremely complex and aggressive as it requires exceptionally complex and advanced computer hardware to have the capacity to partake simultaneously. Be that as it may, with the happening to the MinedBlock, it enables clients to participate in the mining procedure as it offers Mining as a Service to its clients with a ton of straightforwardness and decreased costs.

Meet The Team