The cryptocurrency mining is a new vocabulary minted by the cryptocurrency community and enthusiasts. It all started when the first cryptocurrency(Bitcoin), successfully confirmed a transaction on the blockchain. I heard about it when I was actively looking for a way to earn and use bitcoin way back in 2017. With enough reading and research, I understood and started investing in that sector of the cryptocurrency ecosystem.
The presence of intermediaries is not needed for cryptocurrency to work. The users themselves provide and validate all transactions. The act of validating is known as mining and ensure data integrity. A residual from the block in the way of a bonus serve as payment to the miners. When Bitcoin emerged on the market, digital coin mining was possible only through ordinary computers. As the coin's popularization and the number of transactions increased, the block's complexity enhanced. Currently, it's practically impossible to mine on your own. You need to invest an amount of money and have some level of technical skills to set up high tech machinery and also the acquisition of proper infrastructure.
The blockchain has introduced a new secure and better way to store data away from forgery and theft. Many companies have built their decentralized business on some already existing blockchain and have minted tokens out of it. As at now, there are hundreds of cryptocurrencies with their blockchain helping to better the business sector. All these cryptocurrencies need to be mind bringing some revenue to miners who mine three or more of these. The growth of knowledge about cryptocurrencies increases yearly. The number of transactions will also increase with this growth, bring an immerse revenue to miners.
The mining sector keeps evolving to bring better reward to miners. Just like how self-mining became unprofitable, the same is happing to cloud mining. MinedBlock mining services for investors. This' different from self-mining and cloud mining.
Now we know how mining started and the benefit we can squeeze from it. It's more important to look closely at how MinedBlock is solving the challenges faced by the existing mining companies to maximize profitability. MinedBlock is a Fintech Crypto Mining and Infrastructure Service Provider specialising in transaction processing, or ‘mining’, for cryptocurrency transactions.
MinedBlock will offer investors to use the resources from a large-scale mining operation, mining multiple crypto assets without the need to buy, configure and maintain expensive mining equipment. Minedblock Limited will own the assets and operations. The subsidiary will offer the services.
This model will facilitate the tokenization of equity by the subsidiary while retaining all private ownership of all assets in the parent company. From all the revenue retained, 25% of it will go into the company's expansion.
This project is not alone in the digital mining sector. It is joining a sea of whales. Minedblock is willing to swim in this sea because of its unique approach to mining to give users fully secured and granting users a share of ownership in the company. The following are features of the Minedblock platform.
Security
MinedBlock will host all services with secured data centres. Weak data centre securities attract hackers. Keeping mined coins in a fully encrypted cold storage until the distribution of all earnings is a way to ensure asset security.
Mining different currencies
The services MinedBlock will provide removes the need for users to decide which coin to mine but rather, a variety of coins are mined to get a good spread and increase earnings.
No technical skills are needed
MinedBlocks simplifies mining to attract users who do not know the technicalities in setting up a mining machine. All operations and configurations taken cared for by the team.
Total Transparency
Transparency in a company's dealings brings about trust. MinedBlock promises to communicate any new development and plans to the community via all the social media accounts.
Experienced support team
To run a successful online business, having friendly support will increase productivity. MinedBlock will have stronger influence here.
Portfolio growth
Continues supply of earnings are assured and are available for withdrawals at any time. Instant withdrawals are open with Minedblock.
MinedBlock will deploy two tokens to help users to interact with the services. Security and utility tokens will be the native tokens on the platform. The security token(MBTX) will grant it, holder, a passive income whiles the utility token(MBTU) will enable access to a pay as you go mining service.
The utility token is an ethereum based ERC20 token which will offer rent and buy of private mining hardware. User will pay their management fee with it and will trade on a cryptocurrency exchange.
The security token also has its purpose. It is a polymath ST20 which will grant a share of the company's 75% profit to its holders. It will trade on only licenced security token exchange.
The following are some useful links to this project
Website Whitepaper Telegram
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