About MinedBlock:-
MinedBlock offers the opportunity for investors to take advantage of using the resources from a large-scale mining operation, mining multiple coins without the need to buy, configure and maintain expensive mining equipment. The MinedBlock (MBTX) token is an ST20 token based on Polymath's token standard. MinedBlock is a large-scale, cost-efficient crypto mining company. We provide a fully managed crypto mining service which pays out 75% of our revenue to our share/token holders. You can read the full detail of the project in our Whitepaper. MinedBlock Holding Limited will own 75% of the total Mining Service and will be 95% owned by the shareholders. MinedBlock Limited will own the remaining 5%. The Security Token Offering is to purchase Equity by way of shares in MinedBlock Holding Limited. Each token will represent 1 share. The project has scalability and an aggressive growth strategy.
MinedBlock wants to bring mining back to the crypto-community for everyone to benefit. They aim to build a large mining facility which will run as a service for their Mined Block Token (MBTX) holders. They will resolve the problem of gaining no profit from mining the top coins; due to electricity costs, by having access to locations where the prices of renewable energies are very low. Therefore they will increase the share of the mining. Also buying large volumes of mining hardware will also allow them to take the best discounts.
MinedBlock offers the open door for money related pros to misuse using the advantages from a colossal scale mining task without the need to buy, design and keep up expensive mining gear. We will offer a totally regulated mining administration where you can depend in our gathering to think about the hardware and assurance they are working at most outrageous productivity each moment of consistently with the least working costs.
Thіѕ рlаtfоrm coordinates thе mіnіng асtіvіtіеѕ and сrеаtеѕ аwаrеnеѕѕ оf аvаіlаblе mіnеrѕ tо thе соnѕumеrѕ оn tіmе. Thе MіnеdBlосk рlаtfоrm uѕеѕ a ѕmаrt system tо dесіdе hоw a mіnеr mіnе аnd whаt рrоfіt hе іѕ gеttіng. In thе рrеѕеnt ѕуѕtеm оf mіnіng, mоѕt mіnіng рlаtfоrm аllоwѕ mіnеrѕ tо dесіdе bу thеmѕеlvеѕ thе mеаnѕ tо рrоfіt whісh mаkеѕ hаrdеr fоr mіnеrѕ. The MіnеdBlосk ѕуѕtеm nоtіfіеѕ mіnеrѕ оf rеduсtіоn in hаѕh rаtе аnd аlѕо іѕѕuеѕ wіth mіnіng.
MinedBlock needs to return mining to the crypto-organize for everybody to benefit. They intend to fabricate a significant mining office which will continue running as an administration for their Mined Block Token (MBTX) holders. They will settle the issue of getting no profit by mining the top coins; in view of intensity costs, by moving toward zones where the expenses of supportable power sources are low. As such they will build the idea of the mining.
Each MBTX token sold will represent 1 Preference Share A in MinedBlock Holding Limited.
Shareholder rights:
“Each Preference Share A holder will be entitled to a share of revenue produced by 75% of the total Mining Service. Shareholders will also have the right to vote on the future expansion of the Mining Service”
MinedBlock Limited will assume responsibility for maintaining, replacing and expanding the physical assets and will remain responsible for any costs incurred beyond that of the revenue generated in the unlikely event the service becomes unprofitable. At no point will token holders be expected to cover any losses if this did ever happen.
All expense and revenue information for each month will be available for review by any token holders to ensure full transparency of the total managed Mining Service. All Wallet addresses owned by the Company will be published within the Investor Dashboard to give full visibility.
Token holders will be able to ‘vote’ for the direction of future expansion from within the Investor Dashboard when it is life. The term ‘vote’ in no way reflects a right to direct the company itself but will allow input into how the Mining Service is expanded.
Security Token Offering:-
ecurity Token sale participants will be required to pass KYC (Know Your Customer) checks via our Website to enable whitelisting within the Smart Contract. To satisfy the requirements of the US Securities and Exchange Commission (SEC); US investors will need to qualify as Accredited Investors.
The cost for KYC and Accreditation checks will be passed to the investors at our cost price, upon successful completion of the required checks you will be credited with the equivalent number of MBTX tokens at a discounted value of $0.075 each. This is to ensure only serious participants go through the process to reduce the unnecessary cost for the Company.
Our vision is to become a major player in the cryptocurrency arena and for MinedBlock to own a significant part of the infrastructure required to process transactions and mint new crypto assets. This will enable our investors to reap a significant return on investment while we employ an aggressive growth strategy to position ourselves as the ‘Amazon’ of the crypto mining industry
The solution to the Uncertainty of “Cloud Mining” and Other Services with MBTX:-
MinedBlock is running a Security Token Offering using Polymath ST20 fully compliant tokens. This configuration allows them to raise funds to speed up the process described in the roadmap in an automated way focusing on the most critical aspects. In this way, it accelerates the management process on the part of the core team. A large-scale mining operation without the need to purchase, configure and maintain mining equipment and set in a transparent environment. For this, the MBTX security token will feed a feedback ecosystem, generating an ecosystem with the premise of keeping mining as a service.
MinedBlock says that it will offer a fully managed mining service, in which it will be possible to count on specialists to take care of the equipment. Maintenance and upgrades are vital to ensure efficiency and profitability remains at its best. It is an essential detail in an environment that neither sleeps nor rests; the aspect of working with maximum productivity without downtime makes all the difference. Miners process calculations 24 hours a day, seven days a week, which is why a mining facility requires attention, maintenance, and repairs.
What problem does MinedBlock solve? and how exactly does it do ?
Problem:-
Mining is a fundamental part of the blockchain for any coins or tokens that aren’t pre-mined. Miners form the basis of the decentralization model of the cryptocurrency arena but we are getting to a point, where large amounts of hash power, the key ingredient to solving blocks, are becoming centralized.
This has two impacts:-
It means that there is a risk of a single ‘pool’ or company being able to gain control of an entire blockchain. If a person or company managed to gain greater than 50% of the computing power or mining hash rate they would be able to prevent new transactions from gaining confirmations and be able to reverse transactions that were completed while they had control, so they could double spend coins. They wouldn’t be able to create new coins or blocks, but it would have a huge reputational impact on the particular blockchain.
It means that for the average person mining isn’t a worth while venture due to the cost of equipment, electricity and time for maintenance. The ROI isn’t as beneficial as it used to be. There are other solutions out there such as cloud mining services, but they aren’t transparent or cost effective and we want to change that.
Solution:-
MinedBlock offers the opportunity for investors to take advantage of using the resources from a large-scale mining operation without the need to buy, configure and maintain expensive mining equipment. We will offer a fully managed mining service where you can rely on our team to look after the equipment and ensure they are working at maximum productivity 24/7 with the lowest operating costs.We will create a dedicated mining facility which focuses on mining multiple coins from within the top-50 by market cap to ensure a diverse range of revenue streams for customers to benefit from.Through the proposed large scale operation, we will help improve the decentralization of coins where there are already large pools dominating the hash rates of popular coins. MinedBlock will also be working towards decentralization within our own network through global distribution of our mining data centres.
How is the idea monetized? How do the token holders profit?
The MinedBlock (MBTX) token is an ERC-20 token based on the Ethereum blockchain. The token is non-mintable and, therefore, will be limited in supply.When the mining service goes live holders will be required to register their token wallets in our userdashboard. The dashboard will allow customers to monitor the mining operation, hash rates being achieved and earnings to date.At the end of each calendar month 75% of mined revenue will be responsibly sold for ETH and will be distributed between registered token holders to their ETH wallets.
Dual Token Model:
MinedBlock uses two different tokens in our operation model which is comprised of a Security Token enabling a passive income and a Utility Token which enables access to a pay as you go mining service. More Details blow:
Token and Financial Details:-
Feature Comparison:-
Team
Con:-
Thе mаіn оbjесtіvе оf MіnеdBlосk іѕ tо рrоvіdе lаѕtіng ѕоlutіоnѕ tо thе сurrеnt рrоblеmѕ fасіng сrурtосurrеnсу mіnіng wіth a соmmunіtу-bаѕеd platform thаt іѕ bаѕеd on blосkсhаіn technology аnd оthеr іnnоvаtіvе fеаturеѕ thаt wоuld ensure thе ѕаfеtу аnd соnvеnіеnсе оn thе рlаtfоrm.
More Details:-
Website:- https://www.minedblock.io/
Whitepaper:- https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Facebook:- https://www.facebook.com/MinedBlock/
Twitter:- https://twitter.com/Mined_Block
Bounty0x:- pinku007