It is time for change and they carry a lot of interesting and useful for all of us. Decentralization and blockchain technologies have become very popular and popular. These technologies make it possible to earn well and at the same time develop and improve projects based on innovative technologies.
Mining of known cryptocurrencies is a fully computerized process that requires special skills and knowledge, which decrypts blocks of transactions. At that moment when miners process or already receive a block, some sequence of actions occurs, namely:
- Pending already completed transactions in the network are processed, charging a fee for each processed transaction for a miner or a group of miners.
- New crypto assets are continuously created and at the same time immediately transferred to the miner or pool of miners.
- The next step in this unbroken chain is fixed and validated throughout the block chain, followed by the process of creating a permanent record of all completed transactions and new generated assets.
Initially, it was quite easy to mine and mine cryptocurrency on any standard PC or laptop that did not have much power. Soon, as the technology developed exponentially and the blockchain complexity increased rather quickly, miners needed to switch to more modern and power-consuming devices, namely, to use specialized mining installations for the extraction of cryptocurrency, which no longer have anything to do with PCs or laptops cope with the tasks to date.
The team:
To date, there are 2 categories of mining, which are in unprecedented demand:
1. GPU Mining Rigs
The very first of them is GPU mining, which, for work, uses graphic processors to all of us known graphics cards from leading manufacturers ATI Radeon and Nvidia. These graphics processors have the ideal computing power and correspond to all parameters to perform the necessary complex calculations to solve the "blocks".
2. ASIC Mining.
ASICs are specific integrated circuits that are fairly complex computer systems and they are intended only for performing one task, namely mining. These devices cannot be used anywhere else, so they are constantly being improved and improved to work more effectively during mining. AntMiner S9i is an ASIC miner that consists of 189 individual chips, all of which are designed to break SHA-256 encryption, which is necessary to crack each block.
All of the above devices consume a fairly large amount of electricity in their continuous 24/7 operation. Based on this, it should be understood that if a miner or a group of miners do not have access to cheap electricity, then the profit will be insignificant or you may incur losses. MinedBlock places its data centers in the most highly efficient locations with 100% renewable, “green” energy and this has a very positive effect on the company's profits.
MinedBlock will use two different tokens to work on its platform. The first is a security token, providing passive income, and a service token that allows all users and the investor to access paid services and services on the mining platform:
Full transparency of the tasks:
MinedBlock Limited will be responsible for the smooth operation, repair and expansion of physical assets, as well as fully cover all expenses incurred in excess of the profits. Under no contingency, users and token holders will not cover any costs and damages in the event of any unforeseen circumstances.
The main principle of MinedBlock is to provide maximum transparency for all its customers and long-term investors. MinedBlock will fully disclose its plans and intentions, as well as information about progress and profit. All information on expenses and incomes will be published monthly for review and viewing by all users and tokens holders in order to ensure maximum transparency of the entire platform and service of controlled mining. All existing wallet addresses that belong to the company will be posted on the investor's information panel and this will allow all participants to see all the assets of the MinedBlock company at any time.
Roadmap:
Homepage: https://www.minedblock.io/
Whitepaper: https://www.minedblock.io/assets/MinedBlockWhitepaper.pdf
Links to social networks:
Twitter: https://twitter.com/mined_block
FaceBook: https://www.facebook.com/MinedBlock/
LinkedIn: https://www.linkedin.com/company/minedblock
Telegram: https://t.me/MinedBlockOfficial
Medium: https://medium.com/@MinedBlock
Bounty0x username: rosopond
