MinedBlock are running a Security Token Offering using the Polymath ST20 to raise funding to enable us to offer the opportunity for investors to take advantage of using the resources from a large-scale mining operation without the need to buy, configure and maintain expensive mining equipment. We will offer a fully managed mining service where you can rely on our team to look after the equipment and ensure they are working at maximum productivity 24/7 with the lowest operating costs.MinedBlock will create a dedicated mining facility which focuses on mining multiple coins from within the top 50 by market cap to ensure a diverse range of revenue streams for customers to benefit from. Through the proposed large scale operation, we will help improve the decentralisation of coins where there are already large pools dominating the hash rates of popular coins. MinedBlock will also be working towards a level of decentralisation within our own network through global distribution of our mining data centres MinedBlock Limited will assume responsibility for maintaining, replacing and expanding the physical assets and will remain responsible for any costs incurred beyond that of the revenue generated in the unlikely event that the service becomes un-profitable.At no point will token holders be expected to cover any losses if this ever did happen.One of MinedBlock’skey principles is providing transparency for our customers. 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 . MinedBlock will utilise a mixture of ASIC units alongside Custom Built GPU Mining Rigs.The initial plan is to split investment between the equipment below:Bitmain Antminer S9 –BTC/BCH (BCHABC)Bitmain Antminer L3++ –LTCBitmain Antminer D3 –DashCustom built 8 GPU rigs –ETH/ETCWe reserve the right to change this initial selection at the point of purchase based on price and depending on the availability of newer and more efficient hardware Electricity costs and climate are the key considerations for choice of location as well as considering the political attitude of hosting Countries towards crypto mining, the last thing we would want isto build a mining farm somewhere and then it become a restricted activity. The first phase of our Mining Farm build will be using ASIC Bitcoin and Bitcoin Cash mining units as they are built ready to use. These will be hosted from a facility in Iceland where the climate and electricity costs are favourable.Our GPU mining rigs will be built, configured and run from the United Kingdom initially to ensure they are reliable and easy to manage remotely before moving them to a facility in either Iceland, Canada or Sweden . https://www.minedblock.io/ #tessya1
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