Mining and MinedBlock
Digital currencies have become even more popular after the release of powerful graphics cards and the high value of Bitcoin. Ethereum (ETH) is a very popular digital currency recently. Ethereum, which causes companies to run out of stocks, is attracting more and more people.
Now there is a project that will give a new perspective in mining. Mined block token (MBTX))
MinedBlock wants to bring innovation to the crypto community so that everyone can do mining. Buying large amounts of mining equipment will enable them to get the best discounts.
They are aiming to build a large mining facility that will serve the MinedBlock owners. They will solve the problem of getting profits from mining from top coins, by accessing places where renewable energy prices are very low due to electricity costs. That's why they're going to increase the share of mining.
What is Blockchain?
Digital currencies, like any currency, need to keep a record. That's where the block chain comes in. A block chain is a data structure representing the record of account transactions. In digital currency systems such as Ethereum and Bitcoin, each account transaction is digitally signed and no one can intervene. Thus, both the account book itself and the account movements within it are secured.
Where are you in this block chain?
Miners track movements on the network and bring together everything they see available in the blocks (depending on the accounting history of wages, code and who controls what money).
When you run your mining software and join the network, your computer generates a hash of these blocks using the power of your processor or graphics card.
A successful cast creates a unique Proof of Work (PoW) and proves that the miner is working on the block.
If the remainder of the network accepts this dump as valid, the block is permanently included in the chain called blockchain.
The more powerful you have, the faster you can handle blocks. All processes in Ethereum are also buried in hidden blocks. These blocks can be compared to banks' stacked transactions. The size of the blocks may vary depending on the amount of the transaction.
Safed and 100% Transparency
MinedBlock have stated they will take full responsibility for maintaining, replacing and expanding the physical assets and also any costs incurred beyond that of the revenue generated in the unlikely event that the service becomes un-profitable.
‘We will be completely open with our plans, ongoing progress and revenue production. All expense and revenue information will be published each month for review by any token holders to ensure full transparency of the total managed mining service. Any wallet addresses owned by the company will be published within the investor dashboard to give full visibility.’
- Security: Minedblock security is immense; keeping newly minted or mined coins in cold storage until it’s time to distribute.
- With Minedblock mining services, you get the chance to mine multiple coins to help each miner maximize profits.
- With Minedblock services; you do not need extra configuration; it will be done for you.
- You get to save your time, and efforts as you also enjoy the best customer care support as well as a portfolio wallet to watch your minted coins grow.
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https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
bounty0x username: arifcakir13
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