The current crypto mining industry has been facing a lot of problems lately. Mining has been existence since practically since the introduction of bitcoin in 2009. In the strife for efficiency and improvements in technological advancement mining flaws has been practically set out and improvements have been made on this front from time to time. Thе global blockchain mining іnduѕtrу mіnіng trade іѕ not a new one in thе аrrау оf іnduѕtrіеѕ utіlіzіng blоckchain technology. Some of the major problems of mining are outlined below.

Current Major Mining Problems

First and foremost, the profitability of any mining solution is its efficiency. The fact that many mining farms consume a large amount of energy thereby increasing the cost of mining that is from one point of view though. Another is the fact that mining equipment is relatively expensive thereby needing a large amount of capital to set up.

You have to agree with me that one of the major problems the blockchain aims to solve is the security issue in centralized systems. However, these problems have not been duly tackled in the process of cryptocurrency mining. One major security deficiency is the fасtѕ thаt ѕіtеѕ mіnіng trade ѕіtеѕ dо nоt рut іn рrоtосоl fоr whеn аn account іѕ hасkеd оr mаlісіоuѕ ѕоftwаrе іѕ uѕеd tо ѕtеаl frоm a ассоunt, mоѕt оf thеѕе ѕіtеѕ аnd ѕоftwаrе аrе rеndеrеd unѕаfе fоr thе uѕеr/іnvеѕtоr.

With the problems of security and profitability a major hindrance. It's also important mining farms sort for investment from individuals who trust them with their fund for the business aspect of it but do not even understand the basic of cryptocurrency mining. Many investors do not have a рrореr undеrѕtаndіng of thе рrосеdurеѕ оf thе ѕіtе аnd ѕеrvісеѕ рrоvіdеd, іnvеѕtоrѕ blіndlу place аѕѕеtѕ аnd ѕuffеr undеnіаblе lоѕеѕ tо ѕіtеѕ that rеmаіn аmbіguоuѕ аbоut thе соntеnt showed and ѕеrvісе рrоvіdеd. This is one of the major problems today mining companies aim to exploit investors mostly time during times of profit or loss by shifting a large chunk of it to investor portfolios.

The MinedBlock Solution

The MinedBlock has developed a solution to the above-listed problems by creating the perfect solution to the problems of the global mining industry. MinedBlocks aims to be community driven, energy efficient, low cost and also the first mining solution to offer security token for investors to earn dividends alongside the functionality of its erc20 token. Created with the plan to fabricate an expansive mining workplace which will keep running as a service for the MinedBlock Coins holders MBTX. Basically, this is to settle issues associated with the dearth of picking up benefit from mining these coins at the top of the echelon as a result of power costs, via approaching areas where the overheads of sustainable power sources are exceptionally low. In this manner, the offer of the mining will be built. Likewise purchasing substantial volumes of mining equipment will likewise enable the developers to take the best limits.

Unlike any other mining solution MinedBlock uses the polymath ST20 to increase funding in order to help mined block offer investors the privilege to partake in the usage of large-scale mining with no need of buying it, investors will be able to configure and maintain costly mining instruments.

MinedBlock will be offering full-managed mining service, this will enable investors to rely on mined block team to oversee the equipment and make sure they are running at maximum capacity every hour of the day at an affordable fee.

Also, the MineBlock project proposal involves a large scale operation, this will help to upgrade decentralization and stop the monopolizing of coins since we already have large pools taking over the hash rate of known coins

Users get dividends and reward for holding Minedblock tokens, Minedblock will disperse some percentage of the mined income, totaling to about 75% consistently to holders of the coins in ETH. Note that it will be remaining 25% and this will be utilized for extension of mining offices and to repurchase the coins at prevailing market value which will decrease the course. Invariably, holding MBTX for a long time will have advantages, for example, the measure of ETH, which holders get every month, will very well be in the rise as they hold a bigger number of token in supply while the mining office will develop which basically implies expanded yield.

MinedBlock also aims to be the most transparent mining solution ever. This innovative and fascinating Minedblock likewise plans to assume a completely straightforward entity. Having in possession of client control or instrument panel, as an on-the-time service with a view to demonstrating all the live details alongside mining income created and anticipated circulation dependent on the particular property.

NB: MindedBlock is a dual token of security MBTU STO20 token and MBTX utility token. Each token has different functions which are well set out in the whitepaper. Follow the links below to Know More about MinedBlock

Useful Links

Website. https://www.minedblock.io

Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf

Telegram: https://t.me/minedblockofficial

Reddit:https://www.reddit.com/r/MinedBlock

Twitter: https://twitter.com/mined_block

Facebook: https://www.facebook.com/MinedBlock

Bounty0x Username Ahmodinho10