Before I delve into what I have got served for you today, I will just like to juggle our memory about what cryptocurrency mining entails and the shortcomings that make it seem appalling.
What is Cryptocurrency Mining?
Cryptocurrency Mining could be defined as a process whereby various forms of cryptocurrency transactions are verified and added to a digital ledger called Blockchain. It is also the process through which new cryptocurrencies are minted. Transactions involving cryptocurrencies might seem pretty simple to us, but for every transaction we execute, there are people who ensure the authenticity of the information and also update the blockchain with the transactions. By doing this, these cryptominers earn small amounts of cryptocurrencies for themselves.
However, it would be very wrong to jump at the opportunity to make some extra cryptocurrencies because the activity has been proven to not always be profitable. To make mining profitable, many organizations have invested a lot into research of more advanced solutions and pieces of hardware. Some organizations have gone as far as constructing mining rigs close to rural dams and also countries where electricity is markedly cheaper but this has only seen a limited amount of success.
A possible solution?
Today, I bring to your attention, a cryptocurrency mining and infrastructure service provider which goes by the name “MinedBlock". MinedBlock offers users the opportunity to take advantage of the resources put in place by the large-scale mining operation the project intends to effect. MinedBlock offers you the opportunity to mine multiple cryptocurrencies without any need of owning and maintaining all the expensive mining equipment. You also get to enjoy part ownership of the company by holding on to its security token.
The team plans to raise funds in order to facilitate the development of a corporate scale mining operation which will grant access to peak functioning mining equipment for a fraction of the usual cost. The mining facility will have the capability of mining multiple coins which will likely be from the top 50 as rated by Coinmarketcap to ensure a diverse range of revenue stream for users.
Key advantages of utilizing MinedBlock
The advantages which are sure to pull big players within the cryptosphere towards MinedBlock include;
- Ability to mine multiple currencies: With MinedBlock, you need not decide the particular coin or token you intend to mine as you can switch at will in order to maximize your profits.
- Security: The cryptocurrencies mined on the platform will be held in fully encrypted cold storage till when disbursement of earnings is due.
- All configuration done by the experts: MinedBlock saves you the stress of having to configure your equipment by handling everything related to that.
- Transparency: The team behind MinedBlock intend to be completely forthcoming with it's customers and have made it mandatory to release all expense and revenue information once a month.
- Customer centric support: You can always be sure that you'll get solutions to any problems encountered within the ecosystem by reaching out the the support.
- Dividend sharing: By holding on to the security token (MBTX), you get to earn your share of 75% of the profits made by the company.
The image below just shows a simplified comparison between self mining, cloud mining and what is on offer by MinedBlock;
Token details
The MinedBlock platform operates a dual token ecosystem which constitutes of the Security token (MBTX) and the Utility token (MBTU).
The MBTX is a ST20 token which ensures you can earn a share of 75% of profits made by the platform. This token will only be traded on licensed security token exchanges.
MBTU is an ERC20 token which will be used for exchange of all services within the ecosystem. This will be freely tradeable.
Conclusion
Due to the lack of profitability associated with cryptocurrency mining, I actually believed it was only a matter of time before several projects started coming into the picture with the goal of making mining profitable once again. With MinedBlock, we just might have stumbled upon the perfect solution to these shortcomings.
Finally, I will encourage you to look through the links below in order to learn more about the project if you decide to take any further action;
Official Website: https://www.minedblock.io
One pager: https://www.minedblock.io/assets/MBOnePager.pdf
MBTU One Pager: https://www.minedblock.io/assets/MBTUOnePager.pdf
Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Facebook: https://www.facebook.com/minedblock
Twitter: https://www.twitter.com/mined_block
LinkedIn: https://www.linkedin.com/company/minedblock
Telegram News: https://t.me/MinedBlock
Telegram Chat: https://t.me/MinedBlockOfficial
Authors Bounty0x Username: tbossmitche