Getting Started with Mineable
What is Mineable?
Mineable is a web3 ecosystem with advanced tokenomics at its core, Mineable enables its users to earn passive block rewards with no prior cryptocurrency mining experience, no hardware, no power usage and no limitations.
Users purchase & deploy NFT GPUs and are rewarded with MNB each time a block is mined, rewards are calculated on a network share basis.
$MNB is Mineable’s native token and is used to upgrade & expand operations or sold for a potential profit.
Mineable’s vision is to make mining accessible to everyone with no barriers to entry & combat the atmospheric damage inflicted by hardware operations.
First Steps With Mineable
Deploy, upgrade & overclock virtual GPUs to maximise your $MNB yield per block.
Users purchase & deploy GPUs and are rewarded with MNB each time a block is mined, rewards are calculated on a network share basis. MNB is Mineable’s native token and is used to upgrade & expand operations or sold for a potential profit.
Create your wallet
When you first launch the mineable app, you will be prompted to create an account & wallet. Please remember to look after your seed phrase.
Purchase virtual GPUs
Once your account is created, the next step is to use the in-app wallet to deposit some ETH & purchase your first virtual GPUs from the mineable marketplace.
Upgrade and optimize
Your virtual GPUs are upgradable. Durability upgrades reduce the frequency in which GPUs need repairing and efficiency upgrades reduce your power costs. You can also overclock your entire operation by staking $MNB resulting in hash-rate boosts of up to 100%.
Start collecting block rewards
A block of 10,000 $MNB is mined every 10 minutes. Your share of this reward is calculated using your total hash rate and the total hash rate of the network.
Scale your mining operation
The best way to Increase your $MNB yield per block, is by scaling up your mining operation. You can do this by purchasing GPUs with ETH from the mineable marketplace or try to grab some bargains from the peer to peer marketplace.
Create your wallet
When you first launch the mineable app, you will be prompted to create an account & wallet. Please remember to look after your seed phrase.
Purchase virtual GPUs
Purchase your virtual GPUs
When you first launch the mineable app, you will be prompted to create an account & wallet. Please remember to look after your seed phrase.
Upgrade and optimize
Upgrade and optimize your GPUS
Your virtual GPUs are upgradable. Durability upgrades reduce the frequency in which GPUs need repairing and efficiency upgrades reduce your power costs. You can also overclock your entire operation by staking $MNB resulting in hash-rate boosts of up to 100%.
Start collecting block rewards
Start collecting $MNB block rewards
A block of 10,000 $MNB is mined every 10 minutes. Your share of this reward is calculated using your total hash rate and the total hash rate of the network
Scale your mining operation
Scale your Mineable mining operation
The best way to Increase your $MNB yield per block, is by scaling up your mining operation. You can do this by purchasing GPUs with ETH from the mineable marketplace or try to grab some bargains from the peer to peer marketplace.
Create your wallet and start mining
Download the app for free on iOS or Google Play
Passive Earnings
GPUs are continuously mining MNB passively and MNB can be swapped for other currencies using the in-app wallet. Users can buy multiple GPUs for even more earning potential.
Zero Limitations
Start mining cryptocurrency without the limitations of leasing land or mastering high voltage electrics; there’s no air quality or temperature regulation to worry about.
Zero Hardware
Users do not need costly mining rigs or a background in crypto to get started. Virtual GPUs can be bought in the Mineable platform and are active in minutes.
Advantages of Mining $MNB
With Virtual GPUS
01. No Costly Hardware Needed
Users do not need costly mining rigs or a background in crypto to get started. Virtual GPUs can be bought in the Mineable platform and are active in minutes
02. Get Started in minutes
With our virtual mining system you can be up and running in a very short time with a simple setup process aimed at novice and first time users
03. High Capacity Mining
Start mining cryptocurrency without the limitations of leasing land or mastering high voltage electrics; there’s no air quality or temperature regulation to worry about. Create your wallet and start mining
How we profit
- The platform was created as a virtual mining ecosystem that is accessible to all, and profitable for all.A small percentage of transactional fees is taken from marketplace transactions, operational costs, upgrades, and token swaps.
- A small percentage of transactional fees is taken from marketplace transactions, operational costs, upgrades, and token swaps.
Token Burning
Power Costs
Determined by the GPUs efficiency attribute and charged on a ‘per block’ basis.
Durability upgrade
A 2 roll system where MNB is burned to upgrade GPU durability to substantially reduce repair costs.
Efficiency upgrade
A 2 roll system where MNB is burned to upgrade GPU efficiency to substantially reduce power costs.
Repair costs
Three days’ worth of MNB earnings for a GPU is burned at an interval determined by GPU durability.