MinedBlock ICO (MBTX Token): Safe Cryptocurrency Mining As A Service?

Cryptocurrency mining has an important role in how blockchain networks work. Mining is not only a way of earning money, but miners solve critical mathematical problems, approve other people’s transactions within the network and open up new blocks. Also, mining helps to protect blockchains from hacker attacks and fraud, while guaranteeing the system’s decentralization. MinedBlock now allows investors to capitalize on resources from large-scale crypto mining operations without having to purchase, set up and maintain costly mining equipment.

About MinedBlock

MinedBlock provides mining services as a product where the firm manages all the equipment and ensures that they are functioning optimally throughout the day with low operating costs and high efficiency. This crypto mining firm is able to provide this level of dedicated service as they will launch a mining facility that emphasizes on mining the top altcoins by market capitalization to guarantee a wide range of income streams for clients. Using this large-scale mining operation, MinedBlock will assist in improving the decentralization of altcoins and also enhance its own decentralization via the international distribution of data centers.

What MinedBlock Proposes

A key principle that is driving MinedBlock is ensuring that clients get the utmost levels of transparency. Hence, the firm will be fully open regarding their plans, revenue production, and ongoing mining progress. Like dashboards and instant updates will be used to show the latest hash rates across all cryptocurrencies being mined as well as projected revenues with MBTX tokens. MinedBlock is also committed to shaping its mining projects around customer feedback, which

MBTX Token

The utility token, MBTX, will be sold during the ICO to launch the MinedBlock service. This token will act as the key for accessing and paying for MinedBlock services. However, the team was keen to not that they don many any guarantee or promise on the future price potential of this non-mintable ERC-20 token.

Mining Strategy

MinedBlock will constantly keep track of mining activities and switch between altcoins when the success rate and difficulty fluctuate. The eventual goal will be maintaining the utmost efficiency during their operations to increase profits and minimize resource wastage. The firm will also determine whether using existing mining pools or relying on its own hash rate will produce the best output.

Regarding hardware, Mineblock will deploy a mix of customized GPU mining units along with ASIC rigs. All mining hardware will be replaced and resold frequently while using different ASIC suppliers to avoid any centralization and also to enhance the diversity of clients.

For location, climate and electricity costs are primary considerations alongside the political reception of the hosting country. The first mining farm will use ASIC BCH and bitcoin mining units and it will be hosted in an Iceland facility where the electricity expenses and climate are advantageous. Meanwhile, the GPU rigs will be set up in the UK initially, before being transported to facilities in either Canada, Sweden or Iceland.

ICO Details

• Token: MBTX
• Platform: Ethereum
• Total token supply: 400 million
• Accepted currencies: BCH, LTC, USD, ETH, and BTC
• Minimum investment: $300

Token Distribution

• Referral bounty: 1.5 million
• Free airdrops: 5 million
• Retained tokens for future company incentives: 13.5 million
• Founders: 15 million
• Public sale: 365 million

Distribution of ICO Funding

• Mining equipment; 80%
• Datacenter build: 10%
• Reserve: 10%

Revenue distribution

• Distributed to MBTX holders: 75%
• Expansion costs: 10%
• Operational expenses: 10%
• MBTX buyback: 5%