⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 60.

gee777

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Quote from: CrypticBabe on March 20, 2019, 10:07:22 AM

Quote from: Sozialtourist on March 19, 2019, 03:09:02 PM

Can anyone tell me for how long their pre-sale will continue? I first thought it will only run for a month, which would mean it is already over but it seems like it hasen't finished yet. And from when on will the main-sale start?

They are still on presell stage? I though they were in private sell last time i stopped by to check out on it! Maybe i need to check in their telegram channel to get updated with recent status!!!

Same here. I think they are still on private sale stage. I might be wrong though but I have not updated myself on this project for a while now.

CrypticBabe

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Quote from: Sozialtourist on March 19, 2019, 03:09:02 PM

Can anyone tell me for how long their pre-sale will continue? I first thought it will only run for a month, which would mean it is already over but it seems like it hasen't finished yet. And from when on will the main-sale start?

They are still on presell stage? I though they were in private sell last time i stopped by to check out on it! Maybe i need to check in their telegram channel to get updated with recent status!!!

Sozialtourist

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Activity: 686

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Can anyone tell me for how long their pre-sale will continue? I first thought it will only run for a month, which would mean it is already over but it seems like it hasen't finished yet. And from when on will the main-sale start?

dcoolguy84

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Quote from: nxnqauff on March 19, 2019, 12:23:40 PM

Please excuse my ignorance. When the team is officially starting the mining? Means if they have request today from some partner, are they ready to start today it self?

As far as i know, mining stations are not yet setup. most probably after ICO it will happen once soft/hard cap is reached.
I think budget allocations are already decided while drafting whitepapers.

nxnqauff

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Please excuse my ignorance. When the team is officially starting the mining? Means if they have request today from some partner, are they ready to start today it self?

Sozialtourist

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Quote from: MinedBlock on March 18, 2019, 05:36:59 PM

Quote from: ning_aric on March 13, 2019, 04:43:22 PM

I understand Minedblock is licensed to sell their tokens unlike most mining project scams, but older mining projects like genesis had to cancel unprofitable contracts due to the price of BTC falling and mining hashrate going higher, how does Minedblock plan to realize profits both for themselves and token holders in a bearish market trend?

We will be able to manage that by switching between the assets we mine and the fact that we have low running costs. 75% of profits will be shared equally between token holders. The founders will only have 5% of the 75% profits with the remaining 95% being available to investors.

But since you have a set of different mining equipment, you cannot completely switch to one coin that you mine, right? I mean with your ASIC miners you cannot mine ETH, for example. So would you also switch off part of your mining gear, if it is not profitable to run them at that moment?

em777

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when you are fed up transfer your crypto to me

Quote from: ganeshramk on March 18, 2019, 03:52:19 PM

I think the rewards will be paid either in ETH or in BTC. Since team member is present here, he/she can answer our query here. Thanks.

ETH is definitely the best option as it stands with other coin the team need to carry exchange which I believe is not going to be the best option

MinedBlock

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Quote from: luksbit on March 16, 2019, 06:17:22 PM

Since MinedBlock is a STO-based security token project, can Tokens be sold or listed on exchanges? Will mining only be in BTC and ETH, or mining other Altcoins?

Currently, the exchange options for security tokens are limited but there are some that are ready to go. As it stands today BTC and ETH are the most profitable assets to mine but the plan is to add other altcoins to mine over time to reduce the risk of volatility affecting the returns we can provide

MinedBlock

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Quote from: ning_aric on March 13, 2019, 04:43:22 PM

I understand Minedblock is licensed to sell their tokens unlike most mining project scams, but older mining projects like genesis had to cancel unprofitable contracts due to the price of BTC falling and mining hashrate going higher, how does Minedblock plan to realize profits both for themselves and token holders in a bearish market trend?

We will be able to manage that by switching between the assets we mine and the fact that we have low running costs. 75% of profits will be shared equally between token holders. The founders will only have 5% of the 75% profits with the remaining 95% being available to investors.

MinedBlock

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Activity: 112

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Quote from: gee777 on March 08, 2019, 06:12:42 PM

Quote from: Sozialtourist on March 08, 2019, 04:56:02 PM

Quote from: dcoolguy84 on March 08, 2019, 03:04:59 PM

Either way, listing MBTX on other exchanges will definitely boost it.
Not sure if dev team any plans for it in future.

I am totally sure that they have plans to list their tokens. But since it is a security token, it can't be listed on every exchange. They need a special security token exchange as far as I know.

Okay. This is new. Are there any security token exchange that deals solely on security tokens trading?

OpenFinance Network and tZero deal solely in security tokens

MinedBlock

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Quote from: ning_aric on March 10, 2019, 10:58:53 AM

I saw a post asking about listing Minedblock tokens some days back. I, like most investors, am new to STO token sales, listing and what ever should come next. It would be nice to see the team talk about that.

There are a number of options around listing security tokens with more traditional exchanges working on licensing so that they can also list security tokens. We will absolutely list the token on an exchange but until we raise enough funding to make the project viable it's not the highest priority.

Sozialtourist

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Quote from: nxnqauff on March 18, 2019, 03:50:38 PM

Quote from: Sozialtourist on March 18, 2019, 09:57:49 AM

Quote from: Getadaaa on March 18, 2019, 08:18:52 AM

I’m interested in knowing what cryptocurrency would our revenue be distributed in? Most mining projects make use of ETH for payments and also you’re using Ethereum blockchain, does that mean we can only get paid in ETH?

As far as I know, it's only planned to pay out the profits in ETH. If the community asks for different options, I am sure they will consider it but right now I don't see any reason not to go with ETH. Transactions are fast and cheap and it can easily be converted by each user to any other coin/token on an exchange.

Really? I thought the rewards will be paid in the most mined coins if I remember it right? But that makes life complicated for the team.

On page 20 of their whitepaper it's clearly stated, that they will sell the coins they mine for ETH:

'Initially, we will distribute Ethereum (ETH) to the wallet holding your MBTX tokens. At a later stage we may offer distribution via a currency of a customers preference which will be configurable within the user dashboard'

ganeshramk

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I think the rewards will be paid either in ETH or in BTC. Since team member is present here, he/she can answer our query here. Thanks.

nxnqauff

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PG-PAY Gold Backed Token

Quote from: Sozialtourist on March 18, 2019, 09:57:49 AM

Quote from: Getadaaa on March 18, 2019, 08:18:52 AM

I’m interested in knowing what cryptocurrency would our revenue be distributed in? Most mining projects make use of ETH for payments and also you’re using Ethereum blockchain, does that mean we can only get paid in ETH?

As far as I know, it's only planned to pay out the profits in ETH. If the community asks for different options, I am sure they will consider it but right now I don't see any reason not to go with ETH. Transactions are fast and cheap and it can easily be converted by each user to any other coin/token on an exchange.

Really? I thought the rewards will be paid in the most mined coins if I remember it right? But that makes life complicated for the team.

Sozialtourist

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Activity: 686

Merit: 101

Quote from: Getadaaa on March 18, 2019, 08:18:52 AM

I’m interested in knowing what cryptocurrency would our revenue be distributed in? Most mining projects make use of ETH for payments and also you’re using Ethereum blockchain, does that mean we can only get paid in ETH?

As far as I know, it's only planned to pay out the profits in ETH. If the community asks for different options, I am sure they will consider it but right now I don't see any reason not to go with ETH. Transactions are fast and cheap and it can easily be converted by each user to any other coin/token on an exchange.

Getadaaa

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Activity: 448

Merit: 3

I’m interested in knowing what cryptocurrency would our revenue be distributed in? Most mining projects make use of ETH for payments and also you’re using Ethereum blockchain, does that mean we can only get paid in ETH?

Pricebrianer

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Activity: 364

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Quote from: Sozialtourist on March 17, 2019, 03:21:46 AM

Quote from: luksbit on March 16, 2019, 06:17:22 PM

Since MinedBlock is a STO-based security token project, can Tokens be sold or listed on exchanges? Will mining only be in BTC and ETH, or mining other Altcoins?

Tokens will probably be tradeable on special security-token exchanges, like tZero and OpenFinance Network (https://bitcointalksearch.org/topic/m.49738291).

And about the currencies that they are going to mine: Pretty sure it won't be just BTC and ETH. Their whitepaper also mentions Dash, BCHABC and LTC. I guess it will mostly depend on which currency is the most profitable at the moment.

This would be my first STO token. I hope it goes Successful and the the facility remains profitable. Although listing talks should be on now, there’s no need to hurry, I don’t think anyone would want to sell his/her tokens anytime soon.

Getadaaa

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Activity: 448

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Quote from: Nathan01 on March 15, 2019, 01:39:07 AM

I like the team here to talk about the machine they aim to use in the mining service, I learned using ASIC is not economically feasible and unsustainable, how does the team aim to make money from their operation?

They have great mining team not new to mining. And I think being a big mining facility they would cut the cost of mining while switching coins mined when it’s not profitable.

dcoolguy84

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Activity: 425

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Quote from: nxnqauff on March 17, 2019, 02:48:59 PM

Quote from: Sozialtourist on March 15, 2019, 06:05:40 AM

Quote from: Nathan01 on March 15, 2019, 01:39:07 AM

I like the team here to talk about the machine they aim to use in the mining service, I learned using ASIC is not economically feasible and unsustainable, how does the team aim to make money from their operation?

There is a part in their whitepaper about this. Since they want the possibility to mine a broad range of different cryptocurrenies, depending on which is the most profitable at the given moment, they will use a mixture of both ASIC miners (mainly Antminers from Bitmain) and GPU mining rigs.

Is the mining equipments are already bought? Or is it only bought from the ICO proceedings?

I think not yet bought, it depends upon many factors listed here:
https://bitcointalksearch.org/topic/m.50192442

nxnqauff

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PG-PAY Gold Backed Token

Quote from: Sozialtourist on March 15, 2019, 06:05:40 AM

Quote from: Nathan01 on March 15, 2019, 01:39:07 AM

I like the team here to talk about the machine they aim to use in the mining service, I learned using ASIC is not economically feasible and unsustainable, how does the team aim to make money from their operation?

There is a part in their whitepaper about this. Since they want the possibility to mine a broad range of different cryptocurrenies, depending on which is the most profitable at the given moment, they will use a mixture of both ASIC miners (mainly Antminers from Bitmain) and GPU mining rigs.

Is the mining equipments are already bought? Or is it only bought from the ICO proceedings?

Topic: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 60. (Read 8718 times)