MinedBlock
MinedBlock
Token: MBTX


Mining as a Service

ICO dates
Start date: 2018-10-01
End date:

Registrated in: UK

Platform: Ethereum
Type: ERC20

PREMIUM ICO

MinedBlock categories
Cryptocurrency
MinedBlock token sale
KYC passing required Yes | Whitelist No | Restriction for countries USA
Soft cap 3,500,000 USD
Hard cap 35,000,000 USD
Tokens for sale 365,000,000
Token distribution in ICO
91,25%
91,25%
Price in PreICO 1 MBTX = 0.015 USD
Minimal investment 300 USD
Acceppting ETH, BTC, BCH, LTC, Fiat
MinedBlock news, social
MinedBlock search trends in Google
Random whitepaper excerpts

Contents
Overview ................................................................................................................................................. 3
Highlights ................................................................................................................................................ 3
Background ............................................................................................................................................. 4
Problem Statement............................................................................................................................. 4
Solution ............................................................................................................................................... 4
Transparency........................................................................................................................................... 4
Mining Activities ....................................................................................................

Overview
This document is designed to give you a full understanding of how MinedBlock will implement and
manage our project and to outline our mining strategy following our Token Sale
Any calculations in this document are based on prices from July 2018 in line with the original version
of the Whitepaper and ROI example document on our website
Highlights

MBTX Token holders will earn ETH just
by holding our tokens

The direction of future expansion will be
decided by our userbase

We promise to be the most transparent
mining company to date

You buy the tokens, we do the work, you
get 75% of the revenue

Variety of mined coins gives ultimate
chance to increase ROI

Token buy back scheme ensures an
increase of future value
Copyright © 2018 MinedBlock Limited
...

Background
Problem Statement
Mining is a fundamental part of the blockchain for any coins or tokens that aren’t pre
-mined. Miners
form the basis of the decentralisation model of the Cryptocurrency arena but we are getting to a point
where large amounts of hash power, the key ingredient to solving blocks, are becoming centralised.
This has two impacts:
1.
It means that there is a risk of a single ‘pool’ or company being able to gain control of an entire
blockchain. If a person or company managed to gain greater than 50% of the computing
power or mining hash rate they would be able to prevent new transactions from gaining
confirmations and be able to reverse transactions that were completed while they had control,
so they could double spend coins. They wouldn’t be able to create new coins or blocks, but it
would have a huge reputational impact on the particular blockchain.
2.
It means that for the average person mining isn’t a worthwhile venture due to the cost o

Mining Activities
Strategy
Mining activities will be continuously monitored and switched between coins when the difficulty and
success rates fluctuate. The ultimate goal will be to maintain maximum efficiency at all times.
Mining equipment will be regularly resold and replaced. There will be a split between suppliers of ASIC
miners to prevent any kind of centralisation and to increase diversity available for customers to utilise.
MinedBlock will evaluate whether mining as part of an existing mining pool or being reliant on our own
hash rate output is the most effective to produce coins.
Hardware
MinedBlock will utilise a mixture of ASIC units alongside Custom Built GPU Mining Rigs.
Locations
Electricity costs and climate are the key considerations for choice of location as well as considering the
political attitude of hosting Countries towards crypto mining, the last thing we would want it to build a
mining farm somewhere and then it become a restricted activity.
The first phase of ou...

The MBTX Token
A true ‘Utility’ Token
The MBTX token will be pre-sold as a crowdfund prior to launch of the service but the token itself
offers no redeemable value unless it is used to utilise our mining services. Whilst opportunities may
arise for future airdrops to holders, they will be for other projects that the founding team are
considering as future potential.
The MBTX token will be the key to accessing MinedBlock services and makes no promise or guarantee
on future pricing potential.
Benefits for Token Holders
The MinedBlock (MBTX) token is an ERC-20 token based on the Ethereum blockchain. The token is
non-mintable and, therefore, will be limited in supply.
When the mining service goes live holders will be required to register their token wallets in our user
dashboard. The dashboard will allow customers to monitor the mining operation, with information
such as hash rates being achieved and earnings to date.
At the end of each calendar month 75% of mined revenue will be resp...

Token Circulation
The MinedBlock (MBTX) token is an ERC-20 token based on the Ethereum blockchain. The token will be
non-mintable.
Tokens will be restricted to 400,000,000 and will be distributed as below:
Number of Tokens
5,000,000
1,500,000
15,000,000
13,500,000
365,000,000
Purpose
Airdrop Distribution
Referral Bounty
Founding Team*
Incentivisation**
Public Sale***
* 15,000,000 MBTX tokens for Founders will be locked until 1
st
July 2019
** 13,500,000 MBTX tokens will be retained by MinedBlock for the purpose of promotional events and
marketing
*** Any tokens unsold during the pre-sale will be destroyed
Copyright © 2018 MinedBlock Limited
...

Token Distribution Strategy
MBTX tokens will be distributed throughout the Token Sale at the following intervals:

When Soft Cap met
o
First distribution to early buyers
o
Airdrop Participants
o
Referral Bounty prize winners

Every two weeks
o
Tokens purchased will be bundled and distributed on a two weekly cycle
Exchanges
Part of the initial fundraise will be allocated to covering exchange listing fees to ensure the maximum
exposure is available when token holders wish to buy or sell.
On a quarterly basis 5% of mining revenue will be used to buy back tokens from the circulating supply
to be destroyed. We will buy back the MBTX tokens at the price listed on exchanges at the time.
Copyright © 2018 MinedBlock Limited
...

Financials
Distribution of raised funding
Funds raised during the pre-sale will be used to commence the build of the first MinedBlock Mining
Facility. The chart below details how the funds will be broken down regardless of the amount raised.
The greater number of tokens that we can pre-sell the bigger the initial Mining Centre will be and
therefore the greater the availability of hash rate for customer use.
The majority of the initial investment spend will be dedicated to mining hardware for:

Bitcoin

Bitcoin Cash

Litecoin*

Dash*

Ethereum

GPU Miners

Ethereum, Ethereum Classic and Callisto
* Low mining profitability at this time so we may put Litecoin and Dash on hold until the conditions are more
favourable
10% of revenue per month will be used to expand the mining operation. MinedBlock will consider
several factors when deciding how to expand the offering, including but not limite...

MinedBlock Roadmap

5
Q1 2019
Mining Farm Builds
Mining Begins
Exchange Listings
6
Q2 2019
Token Sale Ends
Final ASIC and GPU Orders Placed
7
Q3 2019
Revenue Distribution Begins
Token Buy Back Starts
8
Q4 2019 and Beyond
Solar Farm Feasibility Study
Hosted Mining Service
TBC
Matt Ruff
Matt Ruff Marketing Director

Greg Wales
Greg Wales Managing Director

Paul Bishop
Paul Bishop Operations Director