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[MinedBlock_Paul]

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.

I think you are a little confused here, the token distribution would of that as you describe but the distribution of the monthly revenue is as follows:

• 75% To the token holders
• 10% Towards our Aggressive expansion growth
• 10% Towards operational costs
• 5% Towards our Token Buy Back scheme

Is that means, team will come under token holders? Its not clear how you place your own team.

The above is the revenue distribution, the token distribution will be 95% to the investors and 5% to the Founding team, thus meaning the founders earn from the 75% revenue that is distributed monthly

[MinedBlock_Paul]

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.

I have no experience in mining at all. So can you tell me about how fast it will be possible to switch the coins that you are going to mine? I mean, will you evaluate the most profitable coins on a daily basis or is it too much of a hassle to switch to a different coin to mine?

We plan to use a central monitoring system which will be able to control the miners within reason. If there is a good signal to switch the miners then there’s no reason why they couldn’t be switched on a daily basis although it’s unlikely to be that fluid in reality as there are too many ‘pump and dumps’ so we would want to ensure any signals were real

[MinedBlock]

[Sozialtourist]

I just heard that China might think about a ban on Bitcoin mining in their country (https://www.reuters.com/article/us-china-cryptocurrency/china-wants-to-ban-bitcoin-mining-idUSKCN1RL0C4). Which effect do you think would such a ban have on crypto mining in general? Do you think the Chinese miners would then try to move their operations to other countries and then maybe also be a competitor to you directly?

[MinedBlock_Paul]

I just heard that China might think about a ban on Bitcoin mining in their country (https://www.reuters.com/article/us-china-cryptocurrency/china-wants-to-ban-bitcoin-mining-idUSKCN1RL0C4). Which effect do you think would such a ban have on crypto mining in general? Do you think the Chinese miners would then try to move their operations to other countries and then maybe also be a competitor to you directly?

Regardless of whether they are from Europe, Asia U.S, Africa etc.... They will always be our competitor, we are on the same network, this is the beauty of a decentralised network! It would be a shame to loose our friends but China had been putting electric rates up to try to flush miners out.

What does it mean for us? From our R&D China’s miners have been running at a loss or have been switched off altogether, where would move too, how much would it cost?

Sadly I think the likely outcome would be that said companies close their doors, for us it does take out some big players but we don’t think that mining is an overly competitive market, there’s just poor business structures in them to sustain a profit

[ning_aric]

I just heard that China might think about a ban on Bitcoin mining in their country (https://www.reuters.com/article/us-china-cryptocurrency/china-wants-to-ban-bitcoin-mining-idUSKCN1RL0C4). Which effect do you think would such a ban have on crypto mining in general? Do you think the Chinese miners would then try to move their operations to other countries and then maybe also be a competitor to you directly?

There’s a ban on Coke in the US, but that hasn’t stopped different drug cartels from making millions every year. Unlike coke, crypto is virtual and believed to have an amazing future use once regulated. This is not the first time the Chinese government is making a stand against cryptocurrencies and again the ban doesn’t seem to be successful.

[Sozialtourist]

I just heard that China might think about a ban on Bitcoin mining in their country (https://www.reuters.com/article/us-china-cryptocurrency/china-wants-to-ban-bitcoin-mining-idUSKCN1RL0C4). Which effect do you think would such a ban have on crypto mining in general? Do you think the Chinese miners would then try to move their operations to other countries and then maybe also be a competitor to you directly?

Regardless of whether they are from Europe, Asia U.S, Africa etc.... They will always be our competitor, we are on the same network, this is the beauty of a decentralised network! It would be a shame to loose our friends but China had been putting electric rates up to try to flush miners out.

What does it mean for us? From our R&D China’s miners have been running at a loss or have been switched off altogether, where would move too, how much would it cost?

Sadly I think the likely outcome would be that said companies close their doors, for us it does take out some big players but we don’t think that mining is an overly competitive market, there’s just poor business structures in them to sustain a profit

Sure it could be good for you if other miners had to shut down their operations but I am just wondering why so many miners in China operate on a loss. Isn't the electricity there super cheap, too?

[ganeshramk]

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.

I think you are a little confused here, the token distribution would of that as you describe but the distribution of the monthly revenue is as follows:

• 75% To the token holders
• 10% Towards our Aggressive expansion growth
• 10% Towards operational costs
• 5% Towards our Token Buy Back scheme

Is that means, team will come under token holders? Its not clear how you place your own team.

The above is the revenue distribution, the token distribution will be 95% to the investors and 5% to the Founding team, thus meaning the founders earn from the 75% revenue that is distributed monthly

This is the clarity I was looking for. Thanks for informing it here in this channel. Transparency is at its best for this project.

[nxnqauff]

I just heard that China might think about a ban on Bitcoin mining in their country (https://www.reuters.com/article/us-china-cryptocurrency/china-wants-to-ban-bitcoin-mining-idUSKCN1RL0C4). Which effect do you think would such a ban have on crypto mining in general? Do you think the Chinese miners would then try to move their operations to other countries and then maybe also be a competitor to you directly?

Regardless of whether they are from Europe, Asia U.S, Africa etc.... They will always be our competitor, we are on the same network, this is the beauty of a decentralised network! It would be a shame to loose our friends but China had been putting electric rates up to try to flush miners out.

What does it mean for us? From our R&D China’s miners have been running at a loss or have been switched off altogether, where would move too, how much would it cost?

Sadly I think the likely outcome would be that said companies close their doors, for us it does take out some big players but we don’t think that mining is an overly competitive market, there’s just poor business structures in them to sustain a profit

If all the chinese mining needs to move to other area where it is allowed, it could be a nice opportunity for Minedblocks to get immediate clients.

[Sozialtourist]

I just heard that China might think about a ban on Bitcoin mining in their country (https://www.reuters.com/article/us-china-cryptocurrency/china-wants-to-ban-bitcoin-mining-idUSKCN1RL0C4). Which effect do you think would such a ban have on crypto mining in general? Do you think the Chinese miners would then try to move their operations to other countries and then maybe also be a competitor to you directly?

Regardless of whether they are from Europe, Asia U.S, Africa etc.... They will always be our competitor, we are on the same network, this is the beauty of a decentralised network! It would be a shame to loose our friends but China had been putting electric rates up to try to flush miners out.

What does it mean for us? From our R&D China’s miners have been running at a loss or have been switched off altogether, where would move too, how much would it cost?

Sadly I think the likely outcome would be that said companies close their doors, for us it does take out some big players but we don’t think that mining is an overly competitive market, there’s just poor business structures in them to sustain a profit

If all the chinese mining needs to move to other area where it is allowed, it could be a nice opportunity for Minedblocks to get immediate clients.

What are you saying? Why should miners that have to leave China become clients of Minedblock? That makes no sense at all. If they really have to leave the country, they'd probably compete with Minedblock for a mining site in a country with cheap electricity.

[ganeshramk]

I just heard that China might think about a ban on Bitcoin mining in their country (https://www.reuters.com/article/us-china-cryptocurrency/china-wants-to-ban-bitcoin-mining-idUSKCN1RL0C4). Which effect do you think would such a ban have on crypto mining in general? Do you think the Chinese miners would then try to move their operations to other countries and then maybe also be a competitor to you directly?

Regardless of whether they are from Europe, Asia U.S, Africa etc.... They will always be our competitor, we are on the same network, this is the beauty of a decentralised network! It would be a shame to loose our friends but China had been putting electric rates up to try to flush miners out.

What does it mean for us? From our R&D China’s miners have been running at a loss or have been switched off altogether, where would move too, how much would it cost?

Sadly I think the likely outcome would be that said companies close their doors, for us it does take out some big players but we don’t think that mining is an overly competitive market, there’s just poor business structures in them to sustain a profit

If all the chinese mining needs to move to other area where it is allowed, it could be a nice opportunity for Minedblocks to get immediate clients.

What are you saying? Why should miners that have to leave China become clients of Minedblock? That makes no sense at all. If they really have to leave the country, they'd probably compete with Minedblock for a mining site in a country with cheap electricity.

What he is trying to say could be, if Chinese needs to mine BTC, they can do it indirectly now using Minedblock service. I think he did not literally mean them to leave their country for mining purpose.

[Nathan01]

Have you seen our 90's explainer? https://www.youtube.com/watch?v=u9_PPF5OAWo

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!

It has been some time I have come around here haven't been so active for the last couple of weeks, I couldn't find the supposed updated explainer videos on POW, POW, and mineblock Utility

[Sozialtourist]

Don't wanna sound impatient but are there any news about how much you've raised so far? Or are there any news about potential private institutional investors?

[ganeshramk]

Don't wanna sound impatient but are there any news about how much you've raised so far? Or are there any news about potential private institutional investors?

When I was talking to a team member, they are super confident about raising private investments. We just have to give them time..

[nxnqauff]

Don't wanna sound impatient but are there any news about how much you've raised so far? Or are there any news about potential private institutional investors?

I am also curious to know. Like some other said, lets give them time to the team. They will come with good news for us.

[ning_aric]

I’m bullish on Minedblock being an amazing project. There seems to be growing interest in the STO launch. Is there a limit on amount that could be invested and a maximum from each individual?

[Getadaaa]

Some mining farms built in China would be in loss. I don’t think they expected the rejection they’re getting from the government. What’s your team doing to prevent future regulations like that of China from having a negative effect on your project?

[Sozialtourist]

Don't wanna sound impatient but are there any news about how much you've raised so far? Or are there any news about potential private institutional investors?

When I was talking to a team member, they are super confident about raising private investments. We just have to give them time..

I hope they are right. It doesn't really seem possible to raise enough money to build up their mining operations without the help of institutional investors.

[Nathan01]

Don't wanna sound impatient but are there any news about how much you've raised so far? Or are there any news about potential private institutional investors?

When I was talking to a team member, they are super confident about raising private investments. We just have to give them time..

It's been taking quite some time sincerely but I believe in what team member said about big money coming in due to private sales, however I really do not know there target region they intended to solicit for funds

[Anilbg]

Don't wanna sound impatient but are there any news about how much you've raised so far? Or are there any news about potential private institutional investors?

When I was talking to a team member, they are super confident about raising private investments. We just have to give them time..

I see ETH is up more than 100% since recent low.  Is this hint of bull market? Or market still in bear phase?