MinedBlock: Mining As A Service Review
The mining of crypto is one of the core pillar of blockchain architecture. It goes beyond an art of making money but the solving of hard mathematical problems, approving and confirming others transactions within the protocol thereby creating new blocks. Furthermore, mining assist in protecting a blockchain protocol from the hands of hackers thereby ensuring the decentralization of the system. MinedBlock is working on a mining project which will give investors an opportunity to take advantage of large mining business without them buying, set up and manage expensive mining tools.
About MinedBlock
MinedBlock offers services of mining as a product where the companies maintain and manage equipment of mining and try all their possible best to make sure they are working optimally 24/7 with low cost of operation and high effectiveness. This mining based crypto company has the cspacity to provide this level of committed services through their mining facility that focused on mining the top coins of the industry in order to ensure a steady flow of profits to their investors. Through theur business plan, MinedBlock will help in showcasing the decentralization of altcoins and also proof its own decentralization through their global data centers distribution.
A core statement of MinedBlock which is in the heart of their business operations is making sure that investors enjoy the utmost level of transparency which will be very hard to find somewhere else and with this in view, they will be fully open to the public and let people know the state of things per time in the industry. Users will be able to monitor and follow all the activities of the firm in their dashboard which will includes the latest hash rates of coins on their platform and the expected revenue with their MBTX security tokens. MinedBlock will also create a platform for customers feedback in order to know how to serve them better.
Platform Token
MinedBlock operates a dual token ecosystem which will help them to have a well balanced platform. The first token MBTX is a security token which is built on Polymath ST20 fully compliant Security Token Offering Platform. This security token will feed a feedback ecosystem, generating an ecosystem with the premise of keeping mining as a service. The sales of this STO is going on the website of the company right now.. The second token on the platform is MBTU which is an ERC-20 utility compliant token on the Etherum blockchain. As an utility tokens, it will be used to buy mining packages on the platform, payments of dividends to MBTX holders, buying of mining equipments e.t.c. The firm will soon conduct initial exchange offering for this utility taken. You can stay in touch about the details of everything in their Telegram group .
MBTU Token Distribution
Referral bounty: 1.5 millionFree airdrops: 5 million
Retained tokens for future company incentives: 13.5 million
Founders: 15 million
Public sale: 365 million
Distribution of ICO Funding
Mining equipment; 80%
Datacenter build: 10%
Reserve: 10%
Revenue distribution
Distributed to MBTX holders: 75%
Expansion costs: 10%
Operational expenses: 10%
MBTX buyback: 5%
Mining Strategy Of MinedBlock
MinedBlock will stay afloat of all the mining operations in their mining site and switch between altcoins at any time that the success rate and difficult rate change. The end goal is maintaining of the utmost effectiveness during their operation to increase profit and reduce the cost of mining. The company will also decide if making use of existing mining pools or relying on its own hash rate will produce the best output.Pertaining to hardware, MinedBlock will make use a mix customized GPU mining units along with ASIC rigs. All hardware of mining will be replaced and sold more often while making used of different suppliers ASIC in order to ensure decentralization and also improve the diversity of their clients.
Before setting up a mining site, one will need to consider some critical factors which will includes location, climate conditions and the cost of electricity and also the politic reality of the said country. The first mining farm will use ASIC BCH and bitcoin mining units and it will be hosted in an Iceland facility where the electricity expenses and climate are advantageous. Meanwhile, the GPU rigs will be set up in the UK initially, before being transported to facilities in either Canada, Sweden or Iceland.
Official resources of the MinedBlock project:
WEBSITE: https://www.minedblock.ioTELEGRAM: https://t.me/minedblockofficial
WHITEPAPER: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5108768.0
FACEBOOK: https://www.facebook.com/minedblock
TWITTER: https://www.twitter.com/mined_block
MEDIUM: https://medium.com/@MinedBlock
REDDIT: https://www.reddit.com/r/minedblock
LINKEDIN: https://www.linkedin.com/company/minedblock