MINEDBLOCK REVIEW

in #ico3 years ago

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Introduction

The birth of bitcoin led to several hundreds of cryptocurrencies, though the main idea behind cryptocurrency is to secure and anonymous way to transfer currency from one person to another. To further develop this anonymity, Satoshi Nakamoto developed a digital ledger of bitcoins transactions called Blockchain. The digital currency Bitcoin has now taken the world by storm. Despite new innovations and technology of green energy in power sector, the amount of electricity spent in the process of mining bitcoin has essentially become a huge barrier since past few years. Since many cannot afford to buy Bitcoin directly from merchant or individuals, they turn to mining.

The Bitcoin Blockchain has been congested due to the numbers of miners on the network, so therefore making mining difficult. However, mining which is a very popular method of earning Bitcoin requires a higher amount of processing power. The more the processing power you have, the faster the verification of payments. The latest study published in the journal Joule, researched that the entire Bitcoin network consumes about 2.55 gigawatts of electricity currently, and can reach to 7.67 gigawatts in future. The innovation of MINEDBLOCK will help create a unique mining facility which will focus on mining multiple coins from within the top 50 by market cap to ensure maximum revenue for customers to enjoy.

MINEDBLOCK SOLUTIONS AND DISTINCTIVENES

  • MinedBlock will be initiating a security Token Offering using the Polymath ST20 to offer investors the opportunity to enjoy added advantage of utilizing the resources from a large-scale mining operation without the need to buy, configure and manage expensive mining equipment. MInedBlock will also offer mining service where users can trust the team to cater for the equipment and ensure that the mining equipment are doing well with lowest operating costs.

  • MInedBlock leverages blockchain technology and the decentralized method in creating a mining facility that will mainly be for mining many coins from the top 50 in the cryptocurrency market. Doin this will help create awareness and benefits to users.

  • MinedBlock showcase transparency to customers as they will help maintain, replace and expand and be responsible for the cost of physical assets.

  • MinedBlock will utilize a mixture of ASIC units with Custom Built GPU Mining Rigs. Investment will be divided in to the below equipment:
    Bitmain Antminer S9 –BTC/BCH (BCHABC)
    Bitmain Antminer L3++ –LTC
    Bitmain Antminer D3 –Dash
    Custom built 8 GPU rigs –ETH/ETC

  • The MinedBlock Mining farm will be situated in Iceland, reason because of the availability of electricity cost and the weather condition of the country. The will be utilizing the ASIC Bitcoin and Bitcoin Cash mining units with GPU mining rigs built and configured from the UK.

  • MinedBlock will adapt to changes and inform users on the best miners that would give profits. The team will be responsible for evaluation and monitoring.

  • MinedBlock also plans to host varieties of masternode to be able to geerate revenue for token holders which will likewise increase the ROI per month.

THE MINEDBLOCK TOKEN (MBTX)

The MinedBlock (MBTX) Token is an ST-20 token deployed on Polymath platform on the Ethereum blockchain technology. The token will be run as a Security Token Offering to enable revenue sharing business strategy.

  • Holders of MBXT Token will benefits and earn ETH by holding the MBTX Token.

  • Holders will earn mining revenue during the vesting period.

  • A token buy-back will also be initiated by the team to increase the value.

TOKEN SALE

Investors will go through KYC to be eligible for the token sales while US investors will have to be accredited before taking part in the sales. The token will also be subject to 90 days vesting period from the date the softcap is achieved.

ROADMAP
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THE TEAM
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Kindly visit the below website for more in depth knowledge about the project:

Website: https://www.minedblock.io/

Whiteppaer: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf

Facebook: https://www.facebook.com/MinedBlock/

Twitter: https://twitter.com/mined_block

Telegram: https://t.me/minedblockofficial

Reddit: https://www.reddit.com/r/MinedBlock

Author’s bountyOx username : Obembe

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