Mining is a fundamental part of the blockchain for any crypto assets that aren’t pre-mined. Miners host the network and form the basis of the decentralisation model of the Cryptocurrency arena but we are getting to a point where large amounts of hash power, the key ingredient to solving blocks, is becoming centralised which is making it increasingly difficulty for individuals to get involved with mining due to the financial investment required to mine competitively
There are other solutions out there such as cloud mining services, but they aren’t transparent or cost effective and MinedBlock intends to change that.
There have been a number of mining ICOs conducted through 2017/2018 that offered a share of mining revenue in return for investment but that haven’t conducted their token sale as a regulated Security Token Offering which increases the risk to investors.
MinedBlock are running a Security Token Offering using the Polymath ST20 to raise funding to enable us to offer the opportunity for investors to take advantage of using the resources from a large-scale mining operation without the need to buy, configure and maintain expensive mining equipment. We will offer a fully managed mining service where you can rely on our team to look after the equipment and ensure they are working at maximum productivity 24/7 with the lowest operating costs.
MinedBlock will create a dedicated mining facility which focuses 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.
Through the proposed large scale operation, we will help improve the decentralisation of coins where there are already large pools dominating the hash rates of popular coins. MinedBlock will also be working towards a level of decentralisation within our own network through global distribution of our mining data centres.