MinedBlock ─ A Strong Mining Company for the People
Mining is one of the ways by which a crypto user can earn, increase and own more cryptocurrencies. It is a guaranteed approach as long as the right technique is deployed. This experience is with many crypto lovers especially during the initial entry phase of the cryptocurrency industry. The next thing most seek for is how to earn more bitcoin and increase their crypto assets. First method that always pop up is mining. With great enthusiasm and zeal, new adopters dig further until encountered with the cost intensity of mining and other sophisticated equipment requirement to mine. A lot give up and take another route to earn while the big guys go ahead, bought the necessary equipment and joined the league of miners. There are other challenges in the mining industry beyond any common crypto users like; increased mining difficulty level, regulation and countries’ mining laws, low return on mining, the prolong bear market and other serious crisis that took the mining opportunity from a common crypto user.
To bridge this gap, numerous companies; small, medium and large scale claimed to be strong miners started up to address these problems and to give crypto users the opportunity to earn and be part of mining industry. But unfortunately, none has really live up to the task. It is either these companies ended up being a scam, could not break-even, or got shut down by the government or the law. Despite all that, there is still a registered crypto mining company gearing up to leverage her mining services for the benefit of crypto users. I introduce to you, MinedBlock Holding Limited. This article will highlight briefly the whole concept of the MinedBlock, how they will incorporate you as a crypto user into the mining industry and the great benefits thereof for both the company and crypto investors like you.
MinedBlock Holding Limited is a UK registered mining service provider, with its core operation focusing on management of cryptocurrency mining operations and other services across multiple mining facilities for investors and shareholders. It is the first STO (Security Token Offering) registered with SEC. The company proposed a revenue sharing scheme that will see them sharing 75% of the total revenue generated among share/token holders monthly. While the remaining 25% will go back into infrastructural development and expansion of the company for more growth and profit making. As stated in the whitepaper, 95% of the 75% of the total mining service owned by MinedBlock will be owned by the shareholders. This proposition make it different from cloud mining. It is an excellent program and investment plan that put the whole mining operation indirectly into hands of the shareholders.
Transparency in Mining
The bedrock of any successful crypto company is the ability to demonstrate integrity and be transparent in both small and large dealings. MinedBlock is not building its platform only on advanced technologies but also on transparency. Investors, token holders and customers will have access to every information as regard to plans, ongoing operations, progress so-far, expenses incurred and revenues made by the company on a monthly basis. The company’s wallet will be made visible to stakeholders as part of the key value in providing transparency.
MinedBlock will be conducting a STO (Security Token Offering) through PolyMath ST-20 in order to raise the required funds for the commencement of the cryptocurrency mining operation. By this also, crypto users can have their input in the project and in return receive monthly share from the profit made by the company. MinedBlock will be in charge of all mining operations and services, and every decision with reference to infrastructure, mining hardware, expansion and coins to be mined will be taken by managing company, MinedBlock.
Mining Approach
There are key factors in setting up workable and feasible mining facilities which are; mining hardware, mining location, electricity cost, climatic condition and host country’s regulation and law. All these factors are well considered in while planning for this company. Mining hardware will be mixture of two categories of mining equipment; ASIC Miners and GPU Mining Rigs. Location will be Iceland considering the friendly weather condition, cost of electricity and flexible mining law of the country. (whitepaper)
MinedBlock Tokens
MinedBlock is adopting a dual token system for her mining operations which are; MinedBlock Security token, MBTX and MinedBlock Utility token, MBTU.
MBTX is an Ethereum based token built on PolyMath platform. The maximum token supply is yet to be determined at this stage as the company is open to sell enough tokens to raise adequate fund. Being an ST-20 token, each MBTX token represents 1 preference share of the MinedBlock Holding Limited. Upon this, investors and holders will receive monthly share from the 75% revenue made.
MBTU is an ERC-20 utility token with the total supply at 200,000 MBTU. The token will facilitate easy payment for services within the MinedBlock ecosystem. As additional services will be rendered by MinedBlock, MBTU will serve as gateway to access and use the company mining services and other facility units like hosting, electricity management etc.
CONCLUSION
MinedBlock is a strong crypto mining company that want every crypto users and investors to be part of her mining ecosystem and also earn as a shareholder.
Read More:
Website: https://www.minedblock.io
Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Twitter: https://twitter.com/mined_block
Facebook: https://www.facebook.com/MinedBlock
Telegram: https://t.me/minedblockofficial
Disclaimer: This article was posted in exchange for a potential token reward through Bounty0x.
Bounty0x username: aktibk
