MinedBlock

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MinedBlock[edit]

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.

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.


Benefits for Token Holders[edit]

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, with information such as 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.


Transparency[edit]

One of MinedBlock’s key principles is providing transparency for our customers. We will be completely open with our plans, ongoing progress and revenue production. Live dashboards will be produced and available via our website to show current hashrates across all currencies being actively mined along with details of revenue per MBTX token to allow customers to project potential earnings by using our service. We want to shape our projects future based on feedback from our customers so will we actively engage via multiple social channels, weekly email updates will be provided and we will return customer queries as soon as we can.


How Service Works[edit]

Holder's of the MBTX token will be able to expect a monthly distribution of a share of mined revenue, produced by our mining facilities. A dashboard will be available to enable holders to register their token wallet, verify the KYC requirements and monitor our service.

See Also on BitcoinWiki[edit]