⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 62.

ning_aric

full member

Activity: 826

Merit: 102

Quote from: Sozialtourist on March 14, 2019, 08:13:21 AM

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?

That's something I am also wondering. When they are calculating with electricity costs of around $0.044 per kWh, what would be the price of BTC (or the other crypocurrencies that they plan to mine) where they break even?

I know they would get cheaper electricity as well as some other mining cost, but how about in the long term? I want to know how they plan to keep making profit if BTC/altcoins goes lower.

Sozialtourist

full member

Activity: 686

Merit: 101

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?

That's something I am also wondering. When they are calculating with electricity costs of around $0.044 per kWh, what would be the price of BTC (or the other crypocurrencies that they plan to mine) where they break even?

em777

jr. member

Activity: 574

Merit: 1

when you are fed up transfer your crypto to me

Quote from: gee777 on March 13, 2019, 06:41:29 PM

Quote from: Sozialtourist on March 13, 2019, 04:00:08 PM

Quote from: dcoolguy84 on March 13, 2019, 01:31:52 PM

Yes, thats right. Only worry is how balance is maintained in mining profit distributed and buy back portion.

That was already discussed if I remember correctly. One of the team confirmed that they will use 10% to cover operational costs, distribute 75% to token holders and use the remaining 15% for the expansion of their business and to buy back tokens.

That's a fair distribution of their token and i feel that if they believe they can be able to expand with 15% then i just hope it would be enough.

yeah am having similar thought i believe 15% is as a result of calculations so let us believe they have all it takes to create a robust business

gee777

member

Activity: 728

Merit: 10

Quote from: Sozialtourist on March 13, 2019, 04:00:08 PM

Quote from: dcoolguy84 on March 13, 2019, 01:31:52 PM

Yes, thats right. Only worry is how balance is maintained in mining profit distributed and buy back portion.

That was already discussed if I remember correctly. One of the team confirmed that they will use 10% to cover operational costs, distribute 75% to token holders and use the remaining 15% for the expansion of their business and to buy back tokens.

That's a fair distribution of their token and i feel that if they believe they can be able to expand with 15% then i just hope it would be enough.

ning_aric

full member

Activity: 826

Merit: 102

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?

Getadaaa

jr. member

Activity: 448

Merit: 3

With a lot of bitcoin mining scams around with high ROI, I hope Minedblock STO would turn a good turn. Being a registered project unlike others, I think they look more legit.

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: dcoolguy84 on March 13, 2019, 01:31:52 PM

Yes, thats right. Only worry is how balance is maintained in mining profit distributed and buy back portion.

That was already discussed if I remember correctly. One of the team confirmed that they will use 10% to cover operational costs, distribute 75% to token holders and use the remaining 15% for the expansion of their business and to buy back tokens.

dcoolguy84

copper member

Activity: 425

Merit: 0

Quote from: MinedBlock_Paul on March 12, 2019, 04:15:01 PM

Quote from: Sozialtourist on March 12, 2019, 02:12:46 PM

Quote from: dcoolguy84 on March 12, 2019, 01:48:17 PM

That's what makes Minedblock unique and popular in retailers because they (read Minedblock) are going to take care of costs, machinery etc.
We as investors/customers/subscribers just have to 'mine' :-)
I am just interpreting their whitepaper but could be wrong. Please do correct me if your understanding is different.

No, we don't have to mine. MinedBlock takes care of the mining and just distributes the mining profits to token holders.

But nevertheless, the mining has to be profitable for MinedBlock, too. If they have higher operating costs, than what they earn for themselves, they cannot distribute anything to token holders and cannot run their business for long.

Especially as we (the founders) will only profit from holding tokens, so you can trust in the work ethic we have, because if you (the investor) aren't making a profit, neither are we!

Yes, thats right. Only worry is how balance is maintained in mining profit distributed and buy back portion.

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: MinedBlock_Paul on March 12, 2019, 05:07:35 PM

Quote from: ning_aric on March 12, 2019, 04:53:22 PM

Quote from: MinedBlock_Paul on March 12, 2019, 04:15:01 PM

Especially as we (the founders) will only profit from holding tokens, so you can trust in the work ethic we have, because if you (the investor) aren't making a profit, neither are we!

It’s great to have someone from the team. 95% of revenue is distributed to investors (token holders) and maintaining the facility, how else would the team make profit from their hardwork? Is there an amount of the total Minedblock tokens allocated to the team?
Finally, what happens to unsold tokens (if any) at the end of the token sales?

Are you referring to the Token Distribution? If I can point you towards the WP https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf our Token Distribution is outlined in there.

But in summary to your questions: As a Security Token we would only Mint the amount of tokens sold, from this figure 95% will be distributed to the token holders and 5% spread equally to the founding team, so there wouldn't be unsold tokens

So does this mean that the only stream of revenue for you (MinedBlock) comes from the 5% of tokens that you are allocating to you and your team? I thought from the mining profits you use 10% for, besides other operational costs, your staff?

nxnqauff

member

Activity: 840

Merit: 17

PG-PAY Gold Backed Token

Quote from: MinedBlock_Paul on March 12, 2019, 04:15:01 PM

Especially as we (the founders) will only profit from holding tokens, so you can trust in the work ethic we have, because if you (the investor) aren't making a profit, neither are we!

Did you already apporach any new partners for discussions and join hands with you? You need good partners to be in profit soon.

ning_aric

full member

Activity: 826

Merit: 102

Quote from: MinedBlock_Paul on March 12, 2019, 05:07:35 PM

Are you referring to the Token Distribution? If I can point you towards the WP https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf our Token Distribution is outlined in there.

But in summary to your questions: As a Security Token we would only Mint the amount of tokens sold, from this figure 95% will be distributed to the token holders and 5% spread equally to the founding team, so there wouldn't be unsold tokens

It makes more sense now knowing the team would mint only the right amount of tokens sold. With these estimations, 95% to 5% would be constant all the way.

MinedBlock_Paul

newbie

Activity: 154

Merit: 0

Quote from: ning_aric on March 12, 2019, 04:53:22 PM

Quote from: MinedBlock_Paul on March 12, 2019, 04:15:01 PM

Especially as we (the founders) will only profit from holding tokens, so you can trust in the work ethic we have, because if you (the investor) aren't making a profit, neither are we!

It’s great to have someone from the team. 95% of revenue is distributed to investors (token holders) and maintaining the facility, how else would the team make profit from their hardwork? Is there an amount of the total Minedblock tokens allocated to the team?
Finally, what happens to unsold tokens (if any) at the end of the token sales?

Are you referring to the Token Distribution? If I can point you towards the WP https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf our Token Distribution is outlined in there.

But in summary to your questions: As a Security Token we would only Mint the amount of tokens sold, from this figure 95% will be distributed to the token holders and 5% spread equally to the founding team, so there wouldn't be unsold tokens

gee777

member

Activity: 728

Merit: 10

Quote from: ning_aric on March 12, 2019, 04:53:22 PM

Quote from: MinedBlock_Paul on March 12, 2019, 04:15:01 PM

Especially as we (the founders) will only profit from holding tokens, so you can trust in the work ethic we have, because if you (the investor) aren't making a profit, neither are we!

It’s great to have someone from the team. 95% of revenue is distributed to investors (token holders) and maintaining the facility, how else would the team make profit from their hardwork? Is there an amount of the total Minedblock tokens allocated to the team?
Finally, what happens to unsold tokens (if any) at the end of the token sales?

To me i feel like they are very generous and are trying to get enough loyal customers on their side and maybe they don't need to make that much profit

ning_aric

full member

Activity: 826

Merit: 102

Quote from: MinedBlock_Paul on March 12, 2019, 04:15:01 PM

Especially as we (the founders) will only profit from holding tokens, so you can trust in the work ethic we have, because if you (the investor) aren't making a profit, neither are we!

It’s great to have someone from the team. 95% of revenue is distributed to investors (token holders) and maintaining the facility, how else would the team make profit from their hardwork? Is there an amount of the total Minedblock tokens allocated to the team?
Finally, what happens to unsold tokens (if any) at the end of the token sales?

Pricebrianer

jr. member

Activity: 364

Merit: 3

Quote from: Sozialtourist on March 12, 2019, 02:12:46 PM

No, we don't have to mine. MinedBlock takes care of the mining and just distributes the mining profits to token holders.

But nevertheless, the mining has to be profitable for MinedBlock, too. If they have higher operating costs, than what they earn for themselves, they cannot distribute anything to token holders and cannot run their business for long.

They’ll have more currency options to other than ETH. I think that and having a large mining facility should ensure they stay profitable all the time.

MinedBlock_Paul

newbie

Activity: 154

Merit: 0

Quote from: Sozialtourist on March 12, 2019, 02:12:46 PM

Quote from: dcoolguy84 on March 12, 2019, 01:48:17 PM

That's what makes Minedblock unique and popular in retailers because they (read Minedblock) are going to take care of costs, machinery etc.
We as investors/customers/subscribers just have to 'mine' :-)
I am just interpreting their whitepaper but could be wrong. Please do correct me if your understanding is different.

No, we don't have to mine. MinedBlock takes care of the mining and just distributes the mining profits to token holders.

But nevertheless, the mining has to be profitable for MinedBlock, too. If they have higher operating costs, than what they earn for themselves, they cannot distribute anything to token holders and cannot run their business for long.

Especially as we (the founders) will only profit from holding tokens, so you can trust in the work ethic we have, because if you (the investor) aren't making a profit, neither are we!

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: dcoolguy84 on March 12, 2019, 01:48:17 PM

That's what makes Minedblock unique and popular in retailers because they (read Minedblock) are going to take care of costs, machinery etc.
We as investors/customers/subscribers just have to 'mine' :-)
I am just interpreting their whitepaper but could be wrong. Please do correct me if your understanding is different.

No, we don't have to mine. MinedBlock takes care of the mining and just distributes the mining profits to token holders.

But nevertheless, the mining has to be profitable for MinedBlock, too. If they have higher operating costs, than what they earn for themselves, they cannot distribute anything to token holders and cannot run their business for long.

dcoolguy84

copper member

Activity: 425

Merit: 0

Quote from: RedenBlack13 on March 12, 2019, 06:54:07 AM

Quote from: Getadaaa on March 10, 2019, 06:07:09 PM

Quote from: RedenBlack13 on March 10, 2019, 05:17:26 PM

Quote from: Pricebrianer on March 10, 2019, 04:52:34 PM

Mining is the basis of true decentralized cryptocurrencies. But with the cost of mining and difficulty getting higher and with the need for bigger equipments, most people have lost interest in the oldest way of earning free cryptocurrency.

It's not actually free. Mining in this moment is not always profitable and the impact due to the amount of energy is relevant. These are problems that the crypto ecosystem must solve to evolve.

You don’t pay for the coins you get from mining (although it costs you), insteaded you’re rewarded. It was meant to be a reward like a gift for keeping the system checked. I think the more we see mining not just as a profitable venture, the better we understand how a decentralized currency should work. I hope Minedblock realize this too.

I don't know if we're actually understanding eachothers, but if mining was just money for free we were all billionaires. It has a cost in terms of energy and CPU capacity and, in a bearish market, is not always profitable.
I hope that the market will start to grow again and I hope this project can achieve its goals, but talking about mining as a magical activity that creates free money seems to me not exact. With the greatest of respect obviously.

That's what makes Minedblock unique and popular in retailers because they (read Minedblock) are going to take care of costs, machinery etc.
We as investors/customers/subscribers just have to 'mine' :-)
I am just interpreting their whitepaper but could be wrong. Please do correct me if your understanding is different.

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: RedenBlack13 on March 12, 2019, 06:54:07 AM

Quote from: Getadaaa on March 10, 2019, 06:07:09 PM

Quote from: RedenBlack13 on March 10, 2019, 05:17:26 PM

Quote from: Pricebrianer on March 10, 2019, 04:52:34 PM

Mining is the basis of true decentralized cryptocurrencies. But with the cost of mining and difficulty getting higher and with the need for bigger equipments, most people have lost interest in the oldest way of earning free cryptocurrency.

It's not actually free. Mining in this moment is not always profitable and the impact due to the amount of energy is relevant. These are problems that the crypto ecosystem must solve to evolve.

You don’t pay for the coins you get from mining (although it costs you), insteaded you’re rewarded. It was meant to be a reward like a gift for keeping the system checked. I think the more we see mining not just as a profitable venture, the better we understand how a decentralized currency should work. I hope Minedblock realize this too.

I don't know if we're actually understanding eachothers, but if mining was just money for free we were all billionaires. It has a cost in terms of energy and CPU capacity and, in a bearish market, is not always profitable.
I hope that the market will start to grow again and I hope this project can achieve its goals, but talking about mining as a magical activity that creates free money seems to me not exact. With the greatest of respect obviously.

Yes, the profitability of mining depends mostly on your energy source and the market situation. No wonder, that a lot of mining businesses had to shut down their operations because of the long bear market we are in at the moment. In times like these, mining can only be profitable if you have a very cheap energy source.

ning_aric

full member

Activity: 826

Merit: 102

Quote from: nxnqauff on March 12, 2019, 03:43:42 AM

Quote from: Pricebrianer on March 11, 2019, 03:41:28 PM

Two things about Minedblock model makes it stand out and unique

First, they protect investors by issuing STO tokens.
Secondly, it states on the whitepaper, they’ll maximize profits by using green energ and, mining the most profitable tokens

How the term protection is used here? Still we don't know how STOs would be and especially when it is listed in market. Are they going to have separate exchanges for STOs with well controlled regulations?

STOs are the best we got now because they are registered. The whitepaper says Minedblock is registered in UK. And I think they’ll need a licensed exchange to trade.

Topic: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡ - page 62. (Read 8718 times)