Like this video

Ratings MinedBlock

Mining as a Service

MinedBlock offers the opportunity for investors to take advantage of using the resources from a large-scale mining operation, mining multiple coins without the need to buy, configure and maintain expensive mining equipment. The MinedBlock (MBTX) token is an ST20 token based on Polymath's token standard. MinedBlock is a large-scale, cost-efficient crypto mining company. We provide a fully managed crypto mining service which pays out 75% of our revenue to our share/token holders. You can read the full detail of the project in our Whitepaper. MinedBlock Holding Limited will own 75% of the total Mining Service and will be 95% owned by the shareholders. MinedBlock Limited will own the remaining 5%. The Security Token Offering is to purchase Equity by way of shares in MinedBlock Holding Limited. Each token will represent 1 share. The project has scalability and an aggressive growth strategy.

4.1
7 6 expert ratings
Benchy 4.3
KYC
Experts
4.0
4.5
3.2
Review: coming soon PRO
Ended
2019-02-15 - 2019-03-30
10 days 10 hours left
2019-04-01 - 2019-05-31
Token
MBTX
PreICO Price
1 MBTX = 0.1 USD
Price
1 MBTX = 0.15 USD
Bonus
Available
Bounty
Accepting
BTC, POLY, ETH, Fiat
Minimum investment
300 USD
Soft cap
1,000,000 USD
Hard cap
15,000,000 USD
Country
UK
Whitelist/KYC
KYC & Whitelist
Visit ICO website
Report
Changelly

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Ian Scarffe
Blockchain Consultant, ICO, IEO, STO Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on Apr 30, 2019
4
4
3
16%

FIrst of all the team looks small, although I have seen their reasoning for this well written in the comments. It seems like they have a good idea, the vision is quite straightforward. Best of luck

+2Agree
+2
Disagree
Report
Nozomu Nakazato
ICO consultant
Rated on Apr 12, 2019
Modified on Apr 12, 2019
5
5
4
15%

Many mining companies have been born and closed so far. But as a matter of fact, the current bear market is reviving mining.
Also, the project limits dividends to ETH rather than its own token, which is a welcome choice for investors and participants. The team is well organized and meets the needs.

+9Agree
+9
Disagree
Report
Kyon Yoshihara
Direct Marketing Manager,ICO produce
Rated on Apr 12, 2019
5
5
4
14%

I was giving a seminar on mining in Japan.
And I have seen many mining fraud cases.
But I find this project simple and persuasive.
There are few this projects recently. It is a so-called solid project.

+10Agree
+10
Disagree
Report
Emanuele Ferrari
ICO-STO-IEO ADVISOR | BITCOIN ROCKER | ICOBENCH EXPERT
Rated on Apr 27, 2019
Modified on Apr 27, 2019
2
4
2
10%

MinedBlock offers the opportunity for investors to purchase ST20 Security Token which is a digital asset backed by a corresponding Preference Share in MinedBlock Holding Limited that enables holders to receive a revenue share produced by mining farms and masternode.

ST20 Token based on Polimath i think is a good choise; well done.

Website:
Good looking and professional with important info clearly reported; good work.

COMPANY:
There's indication of company based on UK and by companyhouse database is incorporated in UK company house in date 24/07/2018.

TEAM:
All Team core has linkedin profile, but i've expected to find someone who was experienced with crypto mining; there's any developer to manage smart contract, any legal advisor to manage security token and any cyber security expert to manage masternode.

Advisor: some experienced advisor, i hope they work actually on ico,

KYC: YES, CEO and COO has passed KYC

MVP: mining operation and masternode dont need one

-HARD CAP / SOFT CAP
Soft cap of one million seems to be rasonable to start mining operation; there's no indication about hard cap.


DOCUMENT:
Whitepaper and onepager avaiable.

WP seems to be quite confusional at my eyes, why you dont use the same character size for all wp and why you dont justify the text?

By the way most important information are aproximate, in a wp we need to find other more as well location as (island), for example other detail about cost of elettricity, mainteinance cost, services cost, and an example of profit second a specific plan and this is an important lack (it's not enought revenue/cost, we need to know more detail about cost and more detail about revenue)

Hardware mining is not updated, S9 is quite old and and "custom build 8 gpu rigs" has no value.. which graphic card you will use and why?

Token distribution seems to be ok, there are two different company , one with 75% of shares and second with 25% of shares. 95% of shares of first company will allocated to pubblic sale (around 70% of total) 5% of token distributed to the team is locked until 2020; right choise.
There's a buyback option too: around 5% each month, its seems to be quite high.

KYC cost are charged initially to investor, bad things, some lazy investor will now enter in your business.

DEVELOPMENT:
NO github, there's no gihtub where find smart contract or other development

COMMUNITY:
- medium community in Facebook and Twitter (7k and 10k follower)
- Bitcointalk ann has around 3k view
- Telegram community has 11k user
- Medium is not so much used


Summing up a mining masternode operation where token holder will receive a montly ETH revenue, simpe and clear

Mineblock aim to be recognized by SEC, but we dont find any official doc.
_______________________________________

TEAM: 2
Most of core team has no other cripto experience, with lack of: cripto mining expert, cyber security expert, legal expert, developer.

Advisor are experienced but they need demonstrate what's they have done and what they will do; Name and image is not enought.

VISION: 4
Vision of this project is simple and clear

PRODUCT: 2
Product is explained with a lot of tecnical detail lack as i say above.

+1Agree
+1
Disagree
Report
Jérémie Abric
ICO Advisor | ICO Communications Expert
Rated on Apr 18, 2019
4
5
3
7%

Minedblock is a mining company with a very simple proposition: they will build a great mining company whose people can become shareholders.
+ They are the first mining company which is SEC compliant 75% of the company revenues will be shared among holders => STO are a big plus in the current market imo
+ The team is currently small so they don’t burn their money for nothing, but are ready to get bigger quickly if needed. Strong experience of the core team member in handling mining farms, which is a must have.
+ Graded AA by the transparency organisation Inwara + show strong ethics and transparency in their decisions.
+ plan an escape strategy if crypto dumps (solar panels) which is always important when dealing with crypto.
+ token buyback scheme : it will support the token’s (5% of their revenue monthly, up to 50% of all tokens)
- Whitepaper very short. I learnt a lot speaking with the team. They should quickly improve that point so that everyone know better what they are planning and what their skills are. Communication efforts are needed imo.
- lot of things are still in early stage as they wait for the investment to start. No MVP / dashboard, no electricity deal, etc. You need to trust the team (hence the importance of the Security!).
=> Current grade 4/5/3, I may improve the grade when more information provided or work is done.

I really like this project, which could bring nice surprises while the crypto market recovers.
Like when investing in startup, you need to trust in the team that will deliver more than the current accomplishment. Doing a STO it helps to trust them and have the same objectives.

Agree
0
Disagree
Report
Salim Miss
ICO CONSULTANT - BUILD YOUR ICO FROM SCRATCH SERVICE - ADVISOR - RUNS MINING OPERATIONS THROUGH SWISS COMPANY FOR PRIVATE INVESTORS - ICO EVENTS
Rated on Feb 14, 2019
Modified on Mar 20, 2019
2
3
2
4%

Minedblock Team is fairly small team comprised of 4 individuals at the moment of this review.
The Team Members are comprised of mainly of two buisness analysts with experience in IT sector as Buisness analysts and Sales if the information on their associated linked in Pages are exact
they have an Engineer amongst them but not one specialized in IT or Datacenters or even Telecom, which would be relevant to Mining operation.
and lastly a marketing consultant which is essential to any venture in todays day and age.
I beleive the team could benefit from more partners and consultants
ones technically trained as blockchain experts
with experience in running data centers or mining facilities
with IT training or energy professionals as well as tech experts

The Vision is fairly simple and straightforward
launching an STO 95% owned by its participants
which will efectively divide 75% of the net output of the Mining operation
all in giving participants voting rights and promoting transarency as to the whole operation

however they are not clearly stating what these people are investing in
where the facilities are planning to be
what equipment they are looking to use
what power are investors essentialy buying with their investment
nor are they clearing out information on the power they have acess to or any sort of information that could allow one to approximately calculate what sort of investment they are making how profitable is this venture or what is a potential expectable ROI

The clear breakdown of each aspect allows people to run calculations and understand better by promoting transparency in the business they are looking to invest in.
if all parameters are somewhat defined one is able to make their own projections and calculations with electricity price secured
efficiency of equipment per cost spent on equipment
this will allow for investors and community to make calculations despite varying price of BTC rather than relying on estimations that are not clear with a Set Price for BTC which is higher or lower than current situation

I beleive the core idea to be filled with good intentions
however the execution should be studied with more clarity and steps should be defined more clearly
clearly defining all these aspect will allow for a clearer valuation of the Mining operation and the investment opportunity it poses

+1Agree
+1
Disagree
Report
MinedBlockICO team member replied on 4 Apr 2019
**Replacing previous reply as you edited your review to delete my response. I have tried to add you on LinkedIn to discuss but no response from you**

We do have a purposely small team at this stage yes although we already have experienced cloud architect and datacentre build engineers ready to come and work with us if and when we are funded. There was no real requirement to increase our costs up front until we know what our resource requirements are. The datacentre facilities we intend to use also provide ‘remote hands’ services which will help us to keep our costs down. This project is all about producing revenue for our investors so keeping our costs low is paramount to success.
For myself, I have been working as a business analyst but I have an extensive background in Network Security, Networking and Data Centre builds from earlier in my career. I’ve also helped design 3 huge data centres for one of the biggest chip designers in the world. Crypto mining facilities are still relatively ‘new’ as an industry and the experience members of the team have from mining personally will just be employed on a far bigger scale.

You mention not clearly stating what people would be investing in but our whitepaper contains all the details around equipment, location choices and has two different financial breakdowns based on two different models to detail the expected ROI.

The ‘power’ investors would be buying into is largely irrelevant, we aren’t building a cloud mining service where you pick a hashrate and hold onto it for the length of the contract. Our investors will own a percentage of our total output which will grow and evolve over time. The mining industry moves too fast too be stuck with a hashrate that will produce almost nothing by the time the contract ends.

Hopefully, that information will allow you to re-visit your analysis above and hopefully improve the low scores you have provided.
Benchy
ICO analyzer bot
4.3
35%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

Add to bookmarks
ICO KYC Report
2 members invited
Greg Wales
Passed
Paul Bishop
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

ICOs that might interest you

Files.fm Library

Files.fm Library is a blockchain-based peer-to-peer library for useful free and paid co...

10 days 10 hours left
4.5

GRAYLL

GRAYLL is a start & stop system containing algorithms & AI models to automatically gene...

12 days 10 hours left
4.8

TheFaustFlick

Make a well-informed and sound crypto investment with TheFaustFlick (TFF) Token & The F...

53 days 10 hours left
4.3

xCrypt

xCrypt is the first crypto ecosystem with a high added value in its Exchange Platform ...

2 days 10 hours left
Join Telegram (7K)Join Telegram (7K)

Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Learn more Got it