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About MinedBlock(MBTX)

What problem does MinedBlock solve? (or: what human need does it satisfy?) and how exactly does it do so?

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 decentralisation 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 centralised.

This has two impacts:

1. 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.

2. It means that for the average person mining isn’t a worthwhile 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 decentralisation of coins where there are already large pools dominating the hash rates of popular coins. MinedBlock will also be working towards decentralisation 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 user

dashboard. 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.

Team

MinedBlock's team members.

Matthew Ruff.

Matthew Ruff.

Marketing Director

Linkedin
Greg Wales

Greg Wales

Managing Director

Linkedin

Roadmap


 
The Beginning Project Concept Developed
The Details Whitepaper Written Company Name and Branding Defined
The Reveal Website and Social Channels Launched Whitepaper Released Token Sale Announced Token Sale Starts Airdrop and Bounty Schemes Revealed
The Community Verdict Initial ASIC and GPU Orders Placed Datacenter Spaces Agreed
The Build Mining Farm Builds Mining Begins Exchange Listings
The Result Token Sale Ends Final ASIC and GPU Orders Placed
The Growth Revenue Distribution Begins Token Buy Back Starts
The Next Steps Solar Farm Feasibility Study TBC
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Quick notes

Tokenomics

Token Info

Available tokens: 91.25% Price: 2000 MBTX = 300 USD Soft Cap: 5000000 USD Hard Cap: 32000000USD Buy with: ETH, BTC, BCH, LTC Platform: Ethereum Location: United Kingdon Restricted: No

Other Info

MVP/Prototype: No Escrow: No Category: Cryptocurrency

User ratings

Rate the Profit Potential

What problem does MinedBlock solve? (or: what human need does it satisfy?) and how exactly does it do so?

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 decentralisation 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 centralised.

This has two impacts:

1. 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.

2. It means that for the average person mining isn’t a worthwhile 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 decentralisation of coins where there are already large pools dominating the hash rates of popular coins. MinedBlock will also be working towards decentralisation 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 user

dashboard. 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.

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