Mining evolves as a service with the aid of MinedBlock
Mining is a fundamental part of the blockchain for any crypto
whether PoW or PoS, even other more recent algorithms such as PoE or PoP; some
tokens starts pre-mined at 50% or even 100% of the available supply. However,
most work running on blockchains with some of the existing mining algorithms;
as is the case with Ethereum. The miners who support the network as the basis
of the decentralization model become centralized as the increasing cost of
start to operate.
To change the course of events, MinedBlock has designed an equitable
model for investors. Several mining ICOs have been
carried out during 2017 and 2018, sometimes offering a portion of the mining
revenues in exchange for investment. However, making the initial sale without registering a regulated security token resulted in fatal outcomes. Mismanagement from the
earliest days can erode even the most successful project, increasing the risk
of failure for founders and investors. MinedBlock presents a mining operation
focused on mining as a service, and the MBTX token is part of the equation.
The foundational core of the mining operations center that will
conduct mining as a service
To house the project, a dedicated mining facility will be created
that will focus on extracting multiple coins from the top 50 by market
capitalization to ensure a wide range of revenue streams for customers to
benefit from. Through the proposed large-scale operation, we will help improve
currency decentralization where large groups of currencies already dominate the
hash rates of popular coins. From the outset, there is an indication of a level
of decentralisation within the territories themselves, through the global distribution
of mining data centres.
The founders, Greg Wales (CEO) & Paul Bishop (COO), with Matthew Ruff (CSO); identify and manage the risks associated with the company’s code of
ethics. They are also responsible for catalyzing projects to take advantage of
business opportunities with impact. In short, the goal proposed by the
founders, oriented towards mining as a service, will challenge the usual
difficulties of cloud mining services through a process based on STO,
transparency and equal participation.
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.
Details of the STO event around the MBTX security token
MinedBlock Holding Limited will own 75% of the total Mining Service
of which shareholders will own 95%. MinedBlock Limited will own the remaining
5% and will own 25% of the Mining Service. Also, it will use mine revenues to
grow the service to increase revenues. Participants in the sale of security
tokens will be required to pass the KYC controls through the Minedblock.io
website to enable inclusion in the white list by a smart contract.
- The MBTX Security
Token Offering is currently running with a 5% bonus on purchases. MBTX tokens
are priced at $0.15 each
Documentation and transparency as an anti-fraud filter.
To satisfy the requirements of the U.S. Securities and Exchange
Commission (SEC), U.S. investors will have to qualify as Accredited Investors.
We strongly recommend that you read the presentation document to understand the
details, requirements, and risks associated with investments in
cryptocurrencies and mining operations. A minimum target (SoftCap) of
$1,000,000 has been set for the project to be established.
Valuation of the investor’s commitment.
MinedBlock are charging a nominal fee for the KYC process, which
avoids fraudulent users posing as investors… each user who completes the KYC
process will be credited with the equivalent number of MBTX tokens of the
costs. In this process, the MBTX token will be delivered in proportion to the
cost of the KYC process, at a discounted value of $0.075 each. This ensures
that only participants who want to go through the process are taken seriously,
reducing unnecessary costs for launching the company’s operations.
Characteristics of services that can make the difference from
mining as a service.
To be a reality as a sector, mining services must not be different
from other conventional services. Professionalism, transparency, immediate
attention to the client/investor. These are details that make a difference. In
this way, the sector shows a significant change with audited
projects, registered as a security and complying with
regulations. The services mentioned in the Minedblock documentation mention the
following characteristics. With MinedBlock, it is not necessary to decide which
currency or token you want to extract. MinedBlock counts on exploiting a
variety of cryptocurrencies in favour of portfolio diversification. Such
decisions make it easier to get proper distribution and maximize profitability.
About the hardware that is planned to be hosted in the
As we find in the documentation, MinedBlock will use a mixture of
ASIC units along with GPU (Mining Rigs) based equipment. The initial plan is to
divide the investment among the following material, pending new releases from
Bitmain Antminer S15 and S17 – BTC Mining
Custom Built GPU Mining Rigs – ETH & alt coin mining
Host services at MinedBlock will use fully secure data centers.
The cryptocurrencies or tokens obtained from mining operations
shall be kept in cold storage. This method is commonly used for exchanges and
other services, driving away attackers on most things. Remember that cold
storage is fully encrypted until it is time to make use of such
cryptocurrencies or tokens.
Professionalism and transparency in the administration.
With the platform, it is intended that users/investors save time
and effort. In the blockchain sector, we find thousands of crypto coins or
tokens; this means that only experts can configure equipment for any mining
process. Expert process management sets and maintains mining equipment. This
zero-configuration process opens the door to users who do not have extensive
knowledge. No client configuration is required. Careful management can
successfully save high operating costs.
Interesting Links and Social Networks from MinedBlock
Web – https://www.minedblock.io/
Info – https://www.minedblock.io/assets/stoinfo.pdf
Twitter – https://twitter.com/mined_block