It is possible that this project will be able to achieve its goal of raising funds, although on the website I did not see how the fundraising was going.
But I feel the ico came at a wrong time where everyone is watching the market to see what happens next. Only a few are paying attention to ico projects and what they are going to solve. If the market becomes stable a lot of investors will surely invest in minedblock.
the market is currently falling and most investors would not want to put their funds until they are sure it gonna pay, i would advise the team to do more publicity.
i guess the market situation is not to worried about since the market is going to stable soon. In my opinion mining is a best way to earn passively no matter what the market situation we are now facing, mining is a good alternative to gain some coin. Maybe the market is in not a good shape but soon as the project goes on to their development, i am sure there is more investor will check this project since their coin worth and profitable