⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡

[Sozialtourist]

Since you don't have a bounty campaign, what are you currently doing to advertise your tokensale? Maybe you could get in touch with some influential crypto Youtubers to make a review about your project.

We are in the process of finalising the details to add a 'Pay as you go' side to our mining service which will utilise a utility token. With that will come a bounty and airdrop campaign ahead of an IEO.

Watch this space... full details will be released soon

Interesting development. Seems like going in the direction of utility tokens. Why not? This will become extremely attractive in the very near future.

As long as the utility token serves a reasonable use-case. Don't forget that the whole ICO craze ended up producing a lot of useless utility tokens. I am fine with them introducing an utility token as long as it makes sense. I am just not seeing the real need for it but let's see with what they come up with.

[Anilbg]

Since you don't have a bounty campaign, what are you currently doing to advertise your tokensale? Maybe you could get in touch with some influential crypto Youtubers to make a review about your project.

We are in the process of finalising the details to add a 'Pay as you go' side to our mining service which will utilise a utility token. With that will come a bounty and airdrop campaign ahead of an IEO.

Watch this space... full details will be released soon

Interesting development. Seems like going in the direction of utility tokens. Why not? This will become extremely attractive in the very near future.

As long as the utility token serves a reasonable use-case. Don't forget that the whole ICO craze ended up producing a lot of useless utility tokens. I am fine with them introducing an utility token as long as it makes sense. I am just not seeing the real need for it but let's see with what they come up with.

What is the difference between utility tokens and other tokens?  Does one have advantage over the other?  Of both have equal value/right?

[ning_aric]

Since you don't have a bounty campaign, what are you currently doing to advertise your tokensale? Maybe you could get in touch with some influential crypto Youtubers to make a review about your project.

We are in the process of finalising the details to add a 'Pay as you go' side to our mining service which will utilise a utility token. With that will come a bounty and airdrop campaign ahead of an IEO.

Watch this space... full details will be released soon

Interesting development. Seems like going in the direction of utility tokens. Why not? This will become extremely attractive in the very near future.

As long as the utility token serves a reasonable use-case. Don't forget that the whole ICO craze ended up producing a lot of useless utility tokens. I am fine with them introducing an utility token as long as it makes sense. I am just not seeing the real need for it but let's see with what they come up with.

What is the difference between utility tokens and other tokens?  Does one have advantage over the other?  Of both have equal value/right?

Utility tokens would play a different role. I don’t see the need for utility tokens for Minedblock just yet. It could comes at a later time, when Minedblock facility is completed and running. Maybe then, there would be need to let other investors in. I think your security tokens should get you all the finance you need for a startup.

[ganeshramk]

Utility tokens would play a different role. I don’t see the need for utility tokens for Minedblock just yet. It could comes at a later time, when Minedblock facility is completed and running. Maybe then, there would be need to let other investors in. I think your security tokens should get you all the finance you need for a startup.

I am surprised by this post. Why utility tokens are not helpful especially in Minedblock project? You can pay using the tokens for mining assignment right?

[chan001]

Utility tokens would play a different role. I don’t see the need for utility tokens for Minedblock just yet. It could comes at a later time, when Minedblock facility is completed and running. Maybe then, there would be need to let other investors in. I think your security tokens should get you all the finance you need for a startup.

I am surprised by this post. Why utility tokens are not helpful especially in Minedblock project? You can pay using the tokens for mining assignment right?

This looks more interesting than I thought.  Not sure how to use it, let me dig more details about utility tokens. But if I can pay using the tokens for mining then I think it's useful.

[Nathan01]

Since you don't have a bounty campaign, what are you currently doing to advertise your tokensale? Maybe you could get in touch with some influential crypto Youtubers to make a review about your project.

We are in the process of finalising the details to add a 'Pay as you go' side to our mining service which will utilise a utility token. With that will come a bounty and airdrop campaign ahead of an IEO.

Watch this space... full details will be released soon

There seem to interesting update coming up every other day but I'm curious to know why the implementation of the "Pay as you Go" feature? I think this is the first time I'm seeing this in token sale

[Sozialtourist]

Utility tokens would play a different role. I don’t see the need for utility tokens for Minedblock just yet. It could comes at a later time, when Minedblock facility is completed and running. Maybe then, there would be need to let other investors in. I think your security tokens should get you all the finance you need for a startup.

I am surprised by this post. Why utility tokens are not helpful especially in Minedblock project? You can pay using the tokens for mining assignment right?

I don't understand why someone would want to pay Minedblock to mine for them? Doesn't Minedblock choose the coins they mine by themselves? And then, why does this need another token? It would be much easier if they would just accept BTC, ETH etc. for this.

[Anilbg]

At first page it's mentioned that, 75% revenue will be shared with tokens holders. And just 10% kept for operation cost. This 10% will be sufficient to support operation cost (including electricity)?

[lkjhg]

Since you don't have a bounty campaign, what are you currently doing to advertise your tokensale? Maybe you could get in touch with some influential crypto Youtubers to make a review about your project.

We are in the process of finalising the details to add a 'Pay as you go' side to our mining service which will utilise a utility token. With that will come a bounty and airdrop campaign ahead of an IEO.

Watch this space... full details will be released soon

There seem to interesting update coming up every other day but I'm curious to know why the implementation of the "Pay as you Go" feature? I think this is the first time I'm seeing this in token sale

I think that with an interesting update every day, of course it is a positive thing and so that we do not miss the update, we must keep abreast of its developments so as not to miss the exact information

[Nathan01]

At first page it's mentioned that, 75% revenue will be shared with tokens holders. And just 10% kept for operation cost. This 10% will be sufficient to support operation cost (including electricity)?

I complete doubt this. From my experience in the blockchain I came to realize that mining is a very expensive process. I'll need a breakdown of expenses to really ccept that 10% would be enough or probably it's just a face value thing since it hasn't been tested or implemented

[chan001]

At first page it's mentioned that, 75% revenue will be shared with tokens holders. And just 10% kept for operation cost. This 10% will be sufficient to support operation cost (including electricity)?

I complete doubt this. From my experience in the blockchain I came to realize that mining is a very expensive process. I'll need a breakdown of expenses to really ccept that 10% would be enough or probably it's just a face value thing since it hasn't been tested or implemented

I also agree with you.  I think revenue means profit.  They will share 75% profit with token holders. Electricity costs is huge and current mining not giving huge profit.

[Getadaaa]

At first page it's mentioned that, 75% revenue will be shared with tokens holders. And just 10% kept for operation cost. This 10% will be sufficient to support operation cost (including electricity)?

I complete doubt this. From my experience in the blockchain I came to realize that mining is a very expensive process. I'll need a breakdown of expenses to really ccept that 10% would be enough or probably it's just a face value thing since it hasn't been tested or implemented

I guess That’s the reason for thoughts of raising funds by selling till tokens by Minedblock team. And it’s wrong to do that. Holding some Minedblock security tokens, means investors should be a part of the decision to sell utility tokens or not. (Just my thoughts, I could be wrong.)

[Sozialtourist]

At first page it's mentioned that, 75% revenue will be shared with tokens holders. And just 10% kept for operation cost. This 10% will be sufficient to support operation cost (including electricity)?

I complete doubt this. From my experience in the blockchain I came to realize that mining is a very expensive process. I'll need a breakdown of expenses to really ccept that 10% would be enough or probably it's just a face value thing since it hasn't been tested or implemented

The 75% they share with token holders is part of the profit they make from mining. So I guess the electricity cost is already paid and not part of the operational costs.

[Anilbg]

At first page it's mentioned that, 75% revenue will be shared with tokens holders. And just 10% kept for operation cost. This 10% will be sufficient to support operation cost (including electricity)?

I complete doubt this. From my experience in the blockchain I came to realize that mining is a very expensive process. I'll need a breakdown of expenses to really ccept that 10% would be enough or probably it's just a face value thing since it hasn't been tested or implemented

The 75% they share with token holders is part of the profit they make from mining. So I guess the electricity cost is already paid and not part of the operational costs.

Got it. Thanks guys for clarification.  I was confused with the word revenue. BTW,  are they going to purchase electricity at any special discount rate?  Will it be a great energy?

[Nathan01]

At first page it's mentioned that, 75% revenue will be shared with tokens holders. And just 10% kept for operation cost. This 10% will be sufficient to support operation cost (including electricity)?

I complete doubt this. From my experience in the blockchain I came to realize that mining is a very expensive process. I'll need a breakdown of expenses to really ccept that 10% would be enough or probably it's just a face value thing since it hasn't been tested or implemented

The 75% they share with token holders is part of the profit they make from mining. So I guess the electricity cost is already paid and not part of the operational costs.

Firstly what's the cost of the electricity they want to use??
How would they have already paid completely the cost of electricity they need since electricity cost will be a recurring expenses?

[ganeshramk]

Firstly what's the cost of the electricity they want to use??
How would they have already paid completely the cost of electricity they need since electricity cost will be a recurring expenses?

They still dont know the exact location as far as I know for their mining facility. If this is true, its impossible for them to give estimation of electricity charges.

[nxnqauff]

Firstly what's the cost of the electricity they want to use??
How would they have already paid completely the cost of electricity they need since electricity cost will be a recurring expenses?

They still dont know the exact location as far as I know for their mining facility. If this is true, its impossible for them to give estimation of electricity charges.

Team is based on London (UK) right? Is it not their first choice of location for mining?

[Sozialtourist]

I just dug up a post from one from the team in this thread that already answers a lot of these questions. However, I am not sure if the price of $0.044 per kWh that was mentioned there is still up-to-date, since they may even get a better deal when setting up their operations in Dubai.

If you look at the two example breakdowns in the whitepaper it would perhaps make a little more sense.

The 10% operational costs is relating to staff, marketing, insurance etc - all the things required to operate a company.
The 75% to distribute is after the costs. Where we plan to mine, our electricity costs will be around $0.044 per kWh and potentially lower if we raise enough to negotiate a lower supply cost. So even in this bear market we can be productive.
The remaining 15% will be used for expansion and a token buyback.

[chan001]

I just dug up a post from one from the team in this thread that already answers a lot of these questions. However, I am not sure if the price of $0.044 per kWh that was mentioned there is still up-to-date, since they may even get a better deal when setting up their operations in Dubai.

If you look at the two example breakdowns in the whitepaper it would perhaps make a little more sense.

The 10% operational costs is relating to staff, marketing, insurance etc - all the things required to operate a company.
The 75% to distribute is after the costs. Where we plan to mine, our electricity costs will be around $0.044 per kWh and potentially lower if we raise enough to negotiate a lower supply cost. So even in this bear market we can be productive.
The remaining 15% will be used for expansion and a token buyback.

What type of energy source Minedblock will be going to use?  I am asking this because,  traditional methods of generating electricity is causing huge loss to environment.

[Anilbg]

Firstly what's the cost of the electricity they want to use??
How would they have already paid completely the cost of electricity they need since electricity cost will be a recurring expenses?

They still dont know the exact location as far as I know for their mining facility. If this is true, its impossible for them to give estimation of electricity charges.

Team is based on London (UK) right? Is it not their first choice of location for mining?

I think I UK electricity cost is high compared to some counties. If I know correctly, Netherlands provide electricity at less rate. Why can't minedblock start mining facility in such places?