For those involved with or interested in Distributed Ledger Technology (DLT), Mining will be a term most are familiar with. Whilst the majority might not understand the process, many will know of its importance and investment value. Some companies have excelled and prospered along the way whilst others have withered and faded into nonexistence. Mining has also been plagued by similar scams and closures to that of crypto-currencies and Initial Coin Offerings (ICOs), doing little to instill confidence in potential investors and entrepreneurs who might otherwise help this area grow.

There are of course some shining stars emerging who aim to bring back integrity and investable strategies for the mining enthusiasts. Founded in 2018, London based crypto-mining firm MinedBlock is one that stands out from the crowd, with a number of key unique selling points (USPs) and a keen eye for sustainable growth.

MinedBlock offers the opportunity for investors to take advantage of using the resources from a large-scale mining operation, mining multiple crypto assets without the need to buy, configure and maintain expensive mining equipment. Investing in MinedBlock provides token holders a share of ownership of the holding company behind the service. The company also promises 100% transparency to all involved and who hold their MBTX tokens:

‘We commit to acting in a fully transparent way. Everything we do or plan will be communicated to our community. You won’t get caught out by any surprises.’

So what is Mining?

Cryptocurrency Mining is a computerised process which decrypts transaction blocks. When a miner processes or finds a block a few things happen:

• Pending transactions are processed resulting in a transaction fee for the miner

• New crypto assets are minted and awarded to the miner or pool of miners

• The next link in the chain is sealed and confirmed throughout the block-chain creating a permanent record of the transactions and the new generated assets

There are 2 prime categories of mining rigs:

1. GPU Mining Rigs Graphics Processing Units (GPU) or graphics cards perfectly suit the processing power needed to run the complex calculations to solve ‘blocks’.

2. ASIC Miners (Application Specific Integrated Circuit) are complex computer systems which are specifically designed to perform a single task. The AntMiner S9i is an ASIC miner with 189 individual chips that are all built to crack the SHA-256 encryption which is required to crack the block. There are dedicated ASIC miners available for most of the primary crypto block-chain’s

What is the MinedBlock Business Model?

The idea is simple and well laid out within their whitepaper, detailing the infrastructure and rewards MBTX holders are likely to receive.

MinedBlock see mining as a fundamentally decentralized function that is becoming increasingly centralized along with the hash power. The increasing costs of hardware and amount of hash power required has made it much harder for individuals to remain competitive, leaving the bigger firms to grow and centralizing the process further. MinedBlock intends to change this through their regulated Security Token Offering, building and maintaining the mining hardware and allowing token holders to profit from the mining activity.

MinedBlock will offer a fully managed mining service designed to work at maximum productivity 24/7 with the lowest operating costs. MinedBlock will create a dedicated mining facility which will focus on mining multiple coins from within the top 50 by market cap to ensure a diverse range of revenue streams for customers to benefit from.

95% of MinedBlock will be owned by the token holders with the remaining 5% owned by their parent company MinedBlock Limited. MinedBlock Holding Limited will own 75% of the total Mining Service offered and all profits will be distributed to the token holders each month. The remaining 25% will be owned by MinedBlock Limited and will be used to manage and expand the Mining Service and to buy back tokens to reduce the circulating supply over time.

For every MBTX token individual’s purchase, a preference shares will be provided. These give the holder the following rights:

· For each Preference Share a holder will be entitled to a share of revenue produced by 75% of the total mining service.

· Shareholders also have the right to vote on future expansion of the mining service.

100% Transparency

MinedBlock have stated they will take full responsibility for maintaining, replacing and expanding the physical assets and also any costs incurred beyond that of the revenue generated in the unlikely event that the service becomes un-profitable.

‘We will be completely open with our plans, ongoing progress and revenue production. All expense and revenue information will be published each month for review by any token holders to ensure full transparency of the total managed mining service. Any wallet addresses owned by the company will be published within the investor dashboard to give full visibility.’

Dynamic Mining

MinedBlock have developed a unique strategy to their mining services in a bid to satisfy customer requirements but also to operate at optimal levels at all times. Mining activities will be continuously monitored and switched between coins when the difficulty and success rates fluctuate. Mining equipment will be regularly resold and replaced and there will be a split between suppliers of ASIC miners to prevent any kind of centralization and to increase diversity available for customers to utilize. The company will also evaluate whether mining as part of an existing mining pool or being reliant on their own hash rate output is the most effective to produce crypto assets.

MinedBlock aims to use a mixture of ASIC units alongside Custom Built GPU Mining Rigs. Investment from the STO is to be split initially between:

· Bitmain Antminer S9 — BTC/BCH (BCHABC)

· Bitmain Antminer L3++ — LTC

· Bitmain Antminer D3 — Dash

· Custom built 8 GPU rigs — ETH/ETC

The company aims to build the rigs in areas where the electricity costs and climate are favorable such as Sweden, Iceland and Canada, whilst the GPU mining rigs will be built, configured and run from the UK. MinedBlock also highlight that they are willing to adapt to change dependent on circumstances which is undoubtedly a big must in the fast-paced world of block-chain technology.

The Road Ahead

When you take a ‘deep dive’ into MinedBlock it becomes increasingly hard to find any negatives. Being the 1st STO for mining to be registered with the SEC is a big confidence boost for would-be investors. The company’s transparency and well-structured business model also inspires market confidence and the potential rewards for MBTX token holders is also a strong lure. With a tough 2018 behind us, MinedBlock may well be one of the trailblazers of 2019.

MinedBlock STO Details

Token: MBTX

Type: Security: STO

Pre ICO Price 1 MBTX = 0.1 USD

Price 1 MBTX = 0.15 USD

Platform: Ethereum/Polymath

Accepting BTC, ETH, LTC, NEO, BNB and FIAT

Minimum investment: 300 USD

Soft-cap: 1,000,000 USD

Telegram: https://t.me/MinedBlockOfficial