Feathercoin, Monero, Dogecoin, vertcoin, Ravencoin, Grin, AEON, ZENcash, Electroneum and Bitcoin Gold are just a few on our portfolio, but risk and ROI calculations will be made to decide on which is profitable.
Our monitoring algorithms will monitor potential Altcoin returns and trading volume in order to suggest potential coins for focus. Miners will be allocated to groups so as to not "over" allocate our resources to single activity.
This would mean you would be having more options and that would ensure you make profits. Also, you’ll be taking 5% for your team and 95% would be distributed to your token holders. You are mixing things up. they will distribute 75% of their profits to token holders (25% will be used to cover operational costs, expand the operation and for the buy-back program). The 95% is the percentage of tokens that are in the hands of the community, the team will hold 5% of the tokens and then - same as all the other token holders - will receive their monthly payout. |
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Estimations show BTC value would appreciate as the mining rewards are halfed. It’s already happening. BTC against all odds remained bullish last week. I think this is just the beginning. What are the other tokens you would be mining?
According to the whitepaper, they will mine BCH (BCHABC), ETH, ETC, LTC. But I guess this list can be easily adjusted based on which coin is the most profitable to mine. It can be tailor made based on the service contract they get I believe. Otherwise it wont make sense. Well, since they plan to get a wide range of ASIC miners and also GPUs, they can basically mine most of the coins out there. |
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Estimations show BTC value would appreciate as the mining rewards are halfed. It’s already happening. BTC against all odds remained bullish last week. I think this is just the beginning. What are the other tokens you would be mining?
According to the whitepaper, they will mine BCH (BCHABC), ETH, ETC, LTC. But I guess this list can be easily adjusted based on which coin is the most profitable to mine. |
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Is there an official ANN thread for your project? It would also look a bit better if you have some graphics and not just pure text.
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Your sale will run until the end of May, right? So let's assume you will only reach your softcap at that time. How long do you think would you need from that point (or let's better say the moment you are reaching your softcap) until your mining operation can start? Are we talking here about weeks or months?
If we choose to setup our farm from scratch we anticipate 6-15 weeks, but we are in talks about the initial purchase of an already operational farm in our preferred location to speed this process up. You can take a look at the Roadmap, found on our website https://www.minedblock.io When you decide to buy an already operational farm, I assume it means you'd also take over their miners? Are these the latest ASIC miners on the market then? I guess you'd only get the most possible profit with the newest mining equipment? |
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Your sale will run until the end of May, right? So let's assume you will only reach your softcap at that time. How long do you think would you need from that point (or let's better say the moment you are reaching your softcap) until your mining operation can start? Are we talking here about weeks or months?
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What exactly do you mean when you say that you will utilize POS ( Proof of Stake) on your platform? Does this mean that you will also buy coins to stake them?
Aside from traditional POW mining, They are probably gonna mine coins that has Proof of stake capability. In my understanding it will be a genesis mining combined with Proof of stake pool or hosting. So would be utilising Masternodes within our setup alleviate risk and increase profits So with POS you are referring to masternodes? But as to my knowledge masternodes and POS isn't equivalent, right? Dash, for example, which is probably the most known masternode, is POW. |
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What exactly do you mean when you say that you will utilize POS ( Proof of Stake) on your platform? Does this mean that you will also buy coins to stake them?
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Well explained concept of Mineblock, short and simple Can this get fixed in the front page of the thread? Stay tuned, we have another video in the making to help explain POS ( Proof of Stake) & POW (Proof of Work) and how MinedBlock utilise both functions to create a profitable platform! Videos are a good idea. People tend to prefer watching a short video than reading a complete whitepaper. But I'd suggest to keep the general explanation of POW and POS very short and mainly focus on the parts that have to do with your project. It will be a short video, some of the private investors have very limited knowledge and are most like me and you in which they prefer an educational animated video rather than a worded document Oh I see. If potential private investors are asking for such a video, you should definitely make it based on their previous knowledge. |
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I think regular project updates on this thread would strengthen the resolve of the community to support this project to the fullest and I hope they will take it into consideration as soon as possible.
Theyre very active on medium sharing many news and updates about their development progress every few weeks. The sad thing is I see the volume of this token on exchange is really low, I think this token is still not popular enough among crypto people. Yes. volume really very low. But they said in telegram that app development ready already and they making marketing strategy before realise this app. Hope this is true.. While they were developing their marketing strategy... Kucoin has already done delisting GAT. https://twitter.com/KuCoinUpdates/status/1113376486994710529It seems that now there is only one exchange on which this token is traded. No wonder that Kucoin delisted GAT. They have been pretty silent over the last couple of months and there wasn't really any good trading volume. |
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Well explained concept of Mineblock, short and simple Can this get fixed in the front page of the thread? Stay tuned, we have another video in the making to help explain POS ( Proof of Stake) & POW (Proof of Work) and how MinedBlock utilise both functions to create a profitable platform! Videos are a good idea. People tend to prefer watching a short video than reading a complete whitepaper. But I'd suggest to keep the general explanation of POW and POS very short and mainly focus on the parts that have to do with your project. |
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Talks between the team (as per the WP) could look at the possibility, that if the raise is greater than $15m we could look at reducing "risk" by setting up a second farm at another location,
At the moment UAE looks like a strong candidate.
And maybe in the meantime, a completely different possibility will open up? Since you are based in the UK, maybe Sweden or or another Scandinavian country could be a good idea? |
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Hello everyone, So we have identified the issue : the smartcontract could not handle multi-sender features (this we knew it), this is why we have used a multi-sender application. But even by using this application, the smartcontract required to confirm each single transaction, so the Ledger did... in a moment metamask crashed, so I guess it has this moment that tokens has been sent multiple time. We are now fixing it  What's the possible solution now? Will you create a brand new contract and distribute to the holders new tokens? The tokens that they have sent are now useless, we will have to wait for them come out with a new token and that will be another long wait, hopefully not, in my experienced this is the second coin that I've participated where they issue two tokens and it took them months to launch another one, I hope this will not be the case here. Well, it seems they identified the problem and fixing it now. I don't see a reason why this should now take them (several) months to set up the new contract and distribute the new tokens. |
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Orders will not be placed until the softcap has been hit.... Our primary location is in Iceland however we have been offered half price electricity in Dubai so there is possibility for the location to change. Nothing is set in stone and if a more beneficial location comes up we would certain consider them.
For us to consider a location it would need to have:
1) Cheap electricity rates and some form of renewable energy to reduce our Co2 footprint
2) A sustainable and appealing climate
3) No foreseen political conflicts over cryptocurrency or the mining industry
Dubai? Don't you think the disadvantages of high cooling costs would outweigh the cheaper electricity price there? I mean, it's no coincidence that a lot of mining operations are in countries with a cold climate to cut down cooling costs. As I said all options will be weighed, our preference is Iceland not only due to climate and electricity costs but ease of reach from the UK I am sure your decision will be well thought through in the end. Dubai just seemed weird to me on the first glance because of the high temperatures there. |
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Orders will not be placed until the softcap has been hit.... Our primary location is in Iceland however we have been offered half price electricity in Dubai so there is possibility for the location to change. Nothing is set in stone and if a more beneficial location comes up we would certain consider them.
For us to consider a location it would need to have:
1) Cheap electricity rates and some form of renewable energy to reduce our Co2 footprint
2) A sustainable and appealing climate
3) No foreseen political conflicts over cryptocurrency or the mining industry
Dubai? Don't you think the disadvantages of high cooling costs would outweigh the cheaper electricity price there? I mean, it's no coincidence that a lot of mining operations are in countries with a cold climate to cut down cooling costs. |
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On the table right now is around $16m and our team is working hard to secure these, this will take time as a repertoire is built into these relationships.
Wow, wish you all the best for your negotiations. With such a huge amount of money, you'd be really able to perfectly set up your mining operation. |
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You said that you are in talks with some investment funds now after you won that challenge as the best upcoming mining project. Can you disclose at what prices these institutional investors can buy their tokens? I guess they will get a good discount if they risk a bigger sum but does this also mean that their tokens will have a vesting period (is something like that even possible with security tokens?)?
As you can imagine these conversations are private and a larger investor is of course going to receive a discount. but these institutional investors are the key to making this project scale up to being a huge success. That's a key benefit to this project... Scalability. "Dumping" isn't seen to be a concern due to the vesting periods our investors (institutional and retail) will have to adhere to. Remembering the real token value is in "HODLING" for a monthly return. In the U.S. this will be a period of 12 months (to satisfy the SEC) I see. Already thought that these negotiations are confidential. I am just glad that these tokens then will have a vesting period. |
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You said that you are in talks with some investment funds now after you won that challenge as the best upcoming mining project. Can you disclose at what prices these institutional investors can buy their tokens? I guess they will get a good discount if they risk a bigger sum but does this also mean that their tokens will have a vesting period (is something like that even possible with security tokens?)?
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Some bounty hunters received their rewards others are not, but I also read that they are going to create a new contract for their token and do a swap, so if you received your rewards, you cannot sell that token, you need to wait for the new token then swap it.
Upon checking some of the bounty participant EHT address I noticed that some of them already received JRT Token which is stand for Jarvis Reward Token. Can you give me a reason why there's only a few of bounty participant already received their bounty while the other not yet? And why they did not use their main token for distribution? Hello, So we still don't know what did happen. We used Ledger Nano S, metamask and a multisender dapp for airdrop. For an unknown reason, the Ledger ask to validate transactions thousands of time, when we realized some tokens were sent 2, 3 or 4 times we decided to stop the distribution and freeze the contract. We will redeploy a new contract, and send the tokens next week to everyone If you still don't know what the problem was, you should better wait a bit before you deploy a new contract. So that you can be sure that the same issue doesn't happen again. |
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As far as I hear, this project is having huge potential. Team just needs couple of private investors on board to move forward with their vision. Good luck for that.
can you help me understand the potential of this project? because so far I haven't found a mining project that is going well, thanks. Well, first of all, it's a fully regulated security token offering. And my favourite part of this project is probably that you'd get an easy source of passive income just by holding the tokens. |
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