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MinedBlock

STO

MinedBlock’s aim is to redefine how customers can benefit from hosted mining services instead of the current hidden cloud mining offerings.

IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

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Overview

Project industryMining
Product typeService

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:

  • Increase our output
  • Reduce our costs
  • Increasing our output

  • Mining Farms will be expanded on a monthly basis
  • Technology will be monitored to ensure we have the latest equipment
  • Mining activities will be switched between coins to ensure we are the most profitable we can be
  • Reducing our costs

  • Reduction of electricity costs through solar power, different locations and alternative power generation methods
  • Reduction of hosting costs through provisioning our own facilities
  • Details

    Pre-sales: Feb 15, 2019 - Mar 30, 2019
    Public sales: Apr 01, 2019 - May 31, 2019
    Pre-sale token supply: 60,000,000 MBTX
    Token supply: 305,000,000 MBTX
    Soft cap: 1,000,000 USD
    Hard cap: 15,000,000 USD

    Legal

    Blockchain Platform: Ethereum/Polymath
    Registration country: United Kingdom
    Office address: 130 Old Street, London, EC1V 9BD

    Token info

    Ticker: MBTX
    Type: Utility-token
    Token price in USD: 1 MBTX= 0.15 USD
    Accepted currencies: BTC, POLY, ETH, Fiat
    Bonus program:
    Pre Sale Stage 1: 90% discount
    Pre Sale Stage 2: 85% discount
    Token distribution:
    91.25% - Pre-Sale
    3.75% - Founders
    3.37% - Retained
    1.25% - Airdrop
    0.38% - Airdrop
    Funds allocation:
    80% - Mining Equipment
    10% - Datacenter Build
    10% - Reserve

    Offices on the map

    MinedBlock Roadmap

    1
    Q1 2018

    Project Concept Developed

    2
    Q2 2018

    Whitepaper Written
    Company Name and Branding Defined

    3
    Q3 2018

    Website and Social Channels Launched
    Whitepaper Released
    Token Sale Announced
    Token Sale Starts
    Airdrop and Bounty Schemes Revealed

    4
    Q4 2018

    Initial ASIC and GPU Orders Placed
    Datacenter Spaces Agreed

    5
    Q1 2019

    Mining Farm Builds
    Mining Begins
    Exchange Listings

    6
    Q2 2019

    Token Sale Ends
    Final ASIC and GPU Orders Placed

    7
    Q3 2019

    Revenue Distribution Begins
    Token Buy Back Starts

    8
    Q4 2019 and Beyond

    Solar Farm Feasibility Study
    Hosted Mining Service
    TBC

    Project team

    Matt Ruff
    Matt Ruff
    CSO
    Matt Ruff linkedin
    Greg Wales
    Greg Wales
    CEO
    Greg Wales linkedin
    Paul Bishop
    Paul Bishop
    COO
    Paul Bishop linkedin
    Ruhin Kahn
    Ruhin Kahn
    Marketing Consultant
    Ruhin Kahn linkedin

    Advisors

    Kamal Mustafa
    Kamal Mustafa
    Advisor
    Kamal Mustafa linkedin

    Social media

    MinedBlock web-siteMinedBlock RedditMinedBlock TelegramMinedBlock BTCTalkMinedBlock LinkedInMinedBlock TwitterMinedBlock Facebook

    User rating:

    5/5 ( 1 )
    0

    How To get a verified Project status

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