MinedBlock

What is MinedBlock

Strategy

Mining activities will be continuously monitored and switched between coins when the difficulty and success rates fluctuate. The ultimate goal will be to maintain maximum efficiency at all times.

Mining equipment will be regularly resold and replaced. There will be a split between suppliers of ASIC miners to prevent any kind of centralisation and to increase diversity available for customers to utilise.

MinedBlock will evaluate whether mining as part of an existing mining pool or being reliant on our own hash rate output is the most effective to produce coins.

Hardware

MinedBlock will utilise a mixture of ASIC units alongside Custom Built GPU Mining Rigs.

Locations

Electricity costs and climate are the key considerations for choice of location as well as considering the political attitude of hosting Countries towards crypto mining, the last thing we would want it to build a mining farm somewhere and then it become a restricted activity.

The first phase of our Mining Farm build will be using ASIC Bitcoin and Bitcoin Cash mining units as they are built ready to use. These will be hosted from a facility in Iceland where the climate and electricity costs are favourable.

Our GPU mining rigs will be built, configured and run from the United Kingdom initially to ensure they are reliable and easy to manage remotely before moving them to a facility in either Iceland, Canada or Sweden.

Adapting to Change

Mining cryptocurrency isn’t as simple as ‘plug and play and walk away’, the team at MinedBlock will constantly be monitoring our mining activities and evaluating where we could switch the miners to an alternative currency to increase profitability. Upcoming updates and forks will also be monitored to ensure we are always ready to adapt.

Priorities

MinedBlock has two key priorities following the initial Implementation plan to increase the potential Return on Investment for our Token Holders:

Increasing our output

Reducing our costs