Kryptarion Posted May 22, 2019 Share Posted May 22, 2019 MinedBlock will revolutionize the mining industry by making miners the real owners of mining profits. The company will take the world a step closer to complete environmental friendly mining. Minedblock is a startup mining company with a direct and simple proposition — the company will build the best mining farms whose users can become shareholders in the company. MinedBlock does not plan to do cloud mining or rent out their hardwares — people can easily own share in MinedBlockby only buying their MBTX token during their token sale and then start enjoying monthly revenues and participate in the decisions about the company development. Interestingly, MinedBlock is the first mining company that is registered and complies with SEC regulations. The team plans to launch in Iceland where there is low energy cost and the process will be 100% green. However, all the testing of the equipments, systems and rigs will be done in the UK. MinedBlock SWOT Analysis SWOT analysis explains in details the potentials of the project. MinedBlock is a disruptive mining platform designed to be able to integrate latest gadgets/equipments and mining technology that can execute ''green mining''. The most important key strength of MinedBlock is that it is a timely product. Mining business is advancing rapidly. And while mining is credited to be a contributing factor to much of the issues and concerns about climate change and reduced hash rate, hype and expectations are now flowing towards upcoming mining companies which focus on increased environmental friendly mining (GREEN MINING) to help solve these issues. A few years from now, we could be seeing the end of mineable blocks. While most mining projects and companies have only enriched themselves with little proceeds going to the platform users,MinedBlock is developing something that will break into the market and ensure that the users and shareholders get a routine profits and benefit. A brand development like MinedBlock will have a unique position in the long run as advancements in mining technology could render existing mining farms and companies obsolete, opening up the biggest market share for MinedBlock. MinedBlock is targeting one of the most organic utilities of blockchain technology — crypto mining. This market is one of the most commonly pursued markets of entrepreneurs in the blockchain community. That makes competition very steep. However, MinedBlock is the most complete mining project on the blockchain right now. With the latest mining equipments, Green mining technology, a SEC compliant STO, best location to launch with low power cost— MinedBlock easily stands out from other projects and this has been evidenced by the level of interest it has attracted. Hence, market penetration will not be difficult. The project only require an initial dedication to a good, well-funded marketing campaign. Bitcoin is growing back in value, likewise other major coins. In fact the cryptocurrency market is greening. Hence mining is becoming increasingly valuable and little blocks left to mine, the opportunity to become a whale is open. MinedBlock is entering the market at the best time and with the best offers to attract ambitious members of cryptocurrency community. Usually, companies are great when they can attract more awareness and hype from the power of the products or services they provide. However, the a big hurdle for startup platforms is that they hold no real value until they are able to carve a market — in Mindblock's case, it means there needs to be a high supply of services on the platform to meet their propositions. However, while a challenge like that can be the biggest threat to any project, MinedBlock has developed proactive measures to attract userbase onboard by launching an IEO — this has pushed some of the (many) interested investors to build up as an early community of the actual product. Likewise, the team has worked very hard to build important partnerships with some of the most important blockchain companies out there. Of course, this degree of effort is imperative for the long term success of the project. COMPILED POSITIVES AND NEGATIVES THE POSITIVES Company is complete STO : 75% of the generated revenues will be shared among MBTX equity token holders. Both the founders and token holders have the same interest — will share from same pool of profit Transparency and ethics: MinedBlock ranks on best grade (AA): The company planned not to pay for advisors or reviews, which they didn't. They also kept their words about airdroppers after switching from Utility to Security. The project is visionary, hence they assembled only few team members to save cost. Of course with capacity to go big fast when possible/if needed, strategy of iteration in their roadmap (test before getting bigger), which is clever in a bear market and avoid burning cash. Mindblock plans to build solar panels to stabilise their mining activities and reduce electricity cost if the bear market continues The team has experience in building huge data centers and engineering cooling facilities. There is also a proposed buyback plan to help an increase of future value (5% monthly, up to buy back 50% of all tokens) NEGATIVES Project whitepaper is short and stays rather on the surface of the project. If the team seem to be good engineers, they'd have to up their communication skills if they want to have a stronger reach in the crowdsale. Official Mindblock Links Web: https://www.minedblock.io/Telegram: https://t.me/MinedBlockOfficialTwitter: https://twitter.com/mined_blockWhitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf Bounty0x Username: Angor1 Link to comment Share on other sites More sharing options...
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