Honesty and transparency are rare commodities to be seen or experienced in our contemporary world. Be it in one's private lifestyle, businesses, offices, government institutions and even religious houses etc the qualities of transparency and honesty are always on the decline in these listed areas of human endeavour. The blockchain technology was “seemingly” evolved or developed to raise again the high hopes of transparent and honest dealings in the various activities undertaken by man in this world. Mining of new blocks in the blockchain technology remains one of the backbones of the technology as the aim and objectives of the blockchain technology would remain elusive without mining.
However to engage or to be involved in mining or creation of new blocks is very tasking and require some huge amount of resources, in order to lessen these financial burden requirements for interested mining investors, people pull together their resources and form a mining pool to build their own mining structures and make it open for investors to come and contribute their quota while benefitting from whatever profit accrued from their investment. Unfortunately, some of these mining pools ain’t transparent and honest in their dealings as they are reluctant to let their investors know the actual income and profits of the mining pool, hence giving room for dirty dealings in the background which has resulted to the collapse of some of these mining pools while investors count their losses in millions.
INTRODUCING MINEDBLOCK
Rescuing blockchain mining investment from the clutches of dishonest and non-transparent minded individuals/firms remains an important mission of MinedBlock mining firm. MinedBlock mining cooperative is a mining investment company that offers opportunities to blockchain mining investors to invest their resources in its mining facilities in a transparent manner where all financial details and profits of the MinedBlock firm are available to all the investors for monitoring, scrutiny and verification at any point in time.
MinedBlock is a mining investment company which takes its investors' trust very serious by making available of its wallet addresses and balances to investors at any time. Since its wallet details are readily available to investors, it opens up the gateway for any audit taking and stock-taking of the company's viability by its investors.
Furthermore, MinedBlock mining investment firm uses both the GPU (Graphics Processing Units) and ASIC (Application Specific Integrated Circuit) mining hardwares for its mining activities. All these are complex computer systems needed in effectively handling the cumbersome mathematical functions involved in the generation of new blocks in the mining process.
Some other intriguing features of MinedBlock
- MinedBlock uses cost-effective and clean electricity generation to run its mining facilities. Blockchain mining requires huge power consumption which normally jerks up power budgets of most crypto mining firms, and a situation where the power budget remains on the high side, it will greatly affect the profits accruing to such mining firm.
- MinedBlock runs a dual token economy i.e it uses a security token by name MBTX and at the same time allows the use of a utility token by name MBTU on its ecosystem. MBTX holders earn some inactive income for themselves while MBTU holders are given the access to embark on a pay as you go mining spree.
CONCLUSION
MBTU token as earlier mentioned, is a utility token on the MinedBlock mining platform and also an ERC20 standard token on the Ethereum blockchain. It’s used in payment of the time to time management fees and it’s equally a tradeable token.
MBTU has a total supply of 200,000,000 tokens, with more than 50% of this total supply mapped out for sales through IEO (Initial Exchange Offer).
MinedBlock aims to be different which is achieved by offering a unique approach to mining where investors are granted a fully secured and compliant token giving them access to a share of ownership of the holding company.
USEFUL LINKS
Website: https://www.minedblock.io
Telegram: https://t.me/minedblockofficial
Facebook: https://www.facebook.com/MinedBlock/
Twitter: https://twitter.com/mined_block
Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
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