MXC Jumps 200% On New ATH – Is It Time For LoRaWAN IoT Mining Projects?

Cryptocurrency mining has been a hot topic of discussion in recent years due to its profitable nature and environmental impact.

The advent of Web 3 and the increasing presence of Internet of Things (IoT) devices have resulted in a new class of low-cost mining protocols using low-energy networking technology. These include LPWAN or LoRaWAN, which are designed to transmit low bit rate data over long distances.

One such project that has gained momentum in recent months is MXC, a Web3 infrastructure protocol designed to provide geo-based LPWAN coverage for IoT devices around the world.

Data from TradingView shows that price has surged 200% since hitting a low of $0.046 on Jan. 1 to touch an all-time high.
(ATH) is $0.139 on Jan 19.

Source: TradingView

The three bullish drivers for MXC include MXC miners’ ability to generate profits, the ability to mine multiple cryptocurrencies simultaneously, a one-week delivery commitment for new miners, and an expansive global ecosystem of partners and independent mining nodes.

Diverse mining can be beneficial

In the field of IoT mining, many new entrants have emerged in recent years with projects such as Helium (HNT) and Nitro Network (NCASH) providing a LoRaWAN-based network that transmits data in exchange for HNT and NCASH tokens .

MXC has chosen a different route that uses a low-power wide area network (LPWAN) to cover IoT devices that can also mine multiple cryptocurrencies simultaneously, including Bitcoin, MXC, and DataHighway (DHX).

The MXC network uses the MatchX M2 Pro miner, which is available on its website for $2,499 or on Amazon for $3,299, along with the DataDash app, which allows users to manage and reward the miners.

In terms of bitcoin mining gear, the M2 Pro miner claims 5 watts of power compared to the Bitmain “Antminer S19 Pro”’s 3,250 watts. This makes M2 more suitable for those with minimal investment in massive mining operations.

Follow report per user, M2 Pro miners have been making $8-$10 a day in profit and it is estimated that it will take a total of 8 months to recover.

Easy access to M2 Pro

Another reason to motivate MXC is notification One week delivery on new M2 Pro orders.

“Announcement: M2 Pro will only take 7 days to ship! Applies to everyone worldwide.”

For LPWAN networks, achieving broad coverage is key to the network’s overall strength and long-term viability. An easy way for prospective buyers to acquire mining equipment will help accelerate growth.

Delivery delays have been an issue for other networks, including Helium, leading to a sense of distress and some cancellations as users lamented lost mining time and funds that could have been used more effectively elsewhere.

With the access of interested parties to M2 Pro, the MXC network has now reached 18,186 nodes worldwide.

New partners and the launch of F-NFT

In addition to the expansion, MXC has added new partner projects to its network and plans to integrate “Functional NFT” or F-NFT.

Protocol has partnered with Matcha and the team is currently in talks with exchange Huobi to create a promotion for international users.

MXC has too disclosure In a new partnership with Random Network, the company will provide the community with a dashboard for the data MXC distributes from its global network of M2 Pro miners.

“MXC Introduces Functional NFTs, aka F-NFTs! These will change how we grow Data Republic globally, improve network usage and be able to watch live on the DataDash app.”

In addition to working with other companies, MXC recently announced plans to launch F-NFT to bring “Hardware to the Metaverse” and expand the community and functionality of MXC Data Republic.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page