MinedBlock offers the opportunity for investors to take advantage of using the resources from a large scale mining operation, mining multiple coins without the need to buy, configure and maintain expensive mining equipment. The MinedBlock (MBTX) token is an ERC-20 token based on the Ethereum blockchain. The token is non-mintable and, therefore, will be limited in supply. When the mining service goes live holders will be required to register their token wallets in our user dashboard. The dashboard will allow customers to monitor the mining operation, with information such as hash rates being achieved and earnings to date. At the end of each calendar month 75% of mined revenue will be responsibly sold for ETH and will be distributed between registered token holders to their ETH wallets.
Transparency One of MinedBlock’s key principles is providing transparency for our customers. We will be completely open with our plans, ongoing progress and revenue production. Live dashboards will be produced and available via our website to show current hashrates across all currencies being actively mined along with details of revenue per MBTXtoken to allow customers to project potential earnings by using our service. We want to shape our projects future based on feedback from our customers so will we actively engage via multiple social channels, weekly email updates will be provided and we will return customer queries as soon as we can.