Strategy
Mining activities will continue to be monitored and transferred between coins when the level of difficulty and success fluctuates. The main goal is to maintain maximum efficiency at all times. Mining equipment will be sold and replaced regularly. There will be a separation between ASIC miners and suppliers to prevent all forms of centralization and increase diversity available for customer use. MinedBlock will evaluate whether mining as from an existing mining collection or depending on our hash level is the most effective way to generate crypto assets.
Hardware
MinedBlock will use a mix of ASIC units with Custom Build a GPU Mining Rig.
The initial plan is to divide the investment between the equipment below:
1. Bitmain Antminer S9 - BTC / BCH (BCHABC)
2. Bitmain Antminer L3 ++ - LTC
3. Bitmain Antminer D3 - Dash
4. 8 Standard GPU Rig - ETH / ETC
We have the right to change this initial selection at the point of purchase based on price and depend on the availability of newer and more efficient hardware.
Location
Electricity and climate costs are the main considerations for location choice and considering the political attitude of hosting countries towards crypto mining, the last thing we want is to build a mining field somewhere and then become a limited activity. The first phase of our build Mining Farm will use ASIC Bitcoin and the Bitcoin Cash mining unit because they are ready to use. It will be hosted from facilities in Iceland where the climate is
and favorable electricity costs. Our GPU mining rigs will be built, configured and run from the United Kingdom initially to ensure they are reliable and easily managed remotely before transferring them to facilities in either Iceland, Canada or Sweden.
Security Token Offer
Why STO?
The sale of MinedBlock tokens will be run as a Offering Security Token to enable our model-compliant revenue sharing business.
Being registered Security simplifies the process and protects our business and our customers from any potential regulations in the future. PolyMath has created a platform that runs on the Ethereum network and is designed to safely support Security Tokens
and the appropriate way. This infrastructure allows several investor requirements to be implemented by an STO based on the rules in which the investor is located.
KYC will be done as part of the whitelist process. You can find out more about the PolyMath project on their site
Telegram websites and groups:
Website
Telegram
The PolyMath ST-20 Token is a conscious KYC identity so they can
published like traditional securities but on the blockchain Ethereum. ST-20 Token according to
ERC-1404 Security Token
standard and offers additional features.
Using security tokens simplifies the monthly income distribution process for MinedBlock and for our token holders because we already know who has tokens so there is no need to register and skip KYC in our online portal.36 Month Financial Forecast
Our financial forecast is based on the return value of mined crypto assets which are volatile by nature
so the figures used are based on the reference values in each example.
Two scenarios have been illustrated based on September 2018 prices and a ~100% increase in
September 2018 prices.
Calculations are based on:
• MBTX token supply remaining constant and don’t take into account the buy-back and token
burning as we are unable to predict the buy back value.
• A 1.5% growth in output each month
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