Cryptocurrency Report
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Altcoin
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos
What's Hot

F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system

August 9, 2022

20M JavaScript devs can now build applications on NEAR: KBW 2022

August 9, 2022

Tornado Cash co-founder reports being kicked off GitHub as industry reacts to sanctions

August 9, 2022
Facebook Twitter Instagram
  • Advertise
  • Privacy
  • Contact
  • Terms
Facebook Twitter Instagram LinkedIn
Cryptocurrency Report
  • Home
  • News
    1. Bitcoin
    2. Ethereum
    3. Altcoin
    4. View All

    Japanese Crypto Industry Urges Tokyo to Reform Tax Laws

    August 9, 2022

    WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news

    August 8, 2022

    Global Professionals Increasingly Interested In Bitcoin & Crypto Payments – Report

    August 8, 2022

    Voyager Digital Can Repay Customers with USD 270M MCB Holdings, Judge Rules

    August 8, 2022

    Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges

    August 8, 2022

    Bitcoin and Ethereum Inch Higher, APE and SNX Rally

    August 8, 2022

    Bitcoin and Ethereum Consolidate, CEL Accelerates

    August 5, 2022

    If Ethereum Splits, Leading Exchanges are ‘Likely’ to List ETHPoW Token – BitMEX

    August 5, 2022

    Bitcoin and Ethereum Stuck in a Key Range, FLOW Surges Over 50%

    August 8, 2022

    Bitcoin and Ethereum Struggle to Clear Hurdles, Altcoins Dip

    August 8, 2022

    Solana Blames Slope Wallet for Hack While Slope Says that ‘Nothing is Yet Firm’

    August 8, 2022

    Match Group Puts Crypto, Metaverse Plans for Tinder on Hold

    August 5, 2022

    F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system

    August 9, 2022

    20M JavaScript devs can now build applications on NEAR: KBW 2022

    August 9, 2022

    Tornado Cash co-founder reports being kicked off GitHub as industry reacts to sanctions

    August 9, 2022

    Japanese Crypto Industry Urges Tokyo to Reform Tax Laws

    August 9, 2022
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos

    The Crypto Metaverse is Growing RAPIDLY! (INSANE MICROSOFT BUY)

    January 18, 2022

    BEST Crypto Safety Guide 101 (Keep Your $$ SAFE with Passphrases)

    January 18, 2022

    SHOCKING: Microsoft Enters the CRYPTO METAVERSE!!! (HUGE $69 Billion CASH Buy)

    January 18, 2022

    URGENT NEWS For Cardano Holders!! (MUST Watch Before Jan 20)

    January 17, 2022

    ⚠️ WARNING To All Bitcoin Holders ⚠️ (Time is RUNNING OUT!!!)

    January 17, 2022
  • bitcoinBitcoin(BTC)
    $42,304.00-0.92% 24H
    BITCOIN
    24H : -0.92%
    Volume : $18,001,823,455.00
    Marketcap : $804,136,324,461.00
  • ethereumEthereum(ETH)
    $3,187.18-1.80% 24H
    ETHEREUM
    24H : -1.80%
    Volume : $11,828,130,842.00
    Marketcap : $383,283,409,099.00
  • tetherTether(USDT)
    $1.000.020% 24H
    TETHER
    24H : 0.020%
    Volume : $42,292,952,195.00
    Marketcap : $82,566,134,570.00
  • binancecoinBNB(BNB)
    $416.19-2.16% 24H
    BNB
    24H : -2.16%
    Volume : $1,421,783,549.00
    Marketcap : $69,948,357,062.00
  • usd-coinUSD Coin(USDC)
    $0.9980.110% 24H
    USD COIN
    24H : 0.110%
    Volume : $3,215,590,549.00
    Marketcap : $50,856,931,622.00
  • solanaSolana(SOL)
    $110.52-1.25% 24H
    SOLANA
    24H : -1.25%
    Volume : $1,326,948,052.00
    Marketcap : $36,230,891,086.00
  • rippleXRP(XRP)
    $0.744-2.62% 24H
    XRP
    24H : -2.62%
    Volume : $2,611,405,064.00
    Marketcap : $35,798,721,281.00
  • cardanoCardano(ADA)
    $1.02-1.97% 24H
    CARDANO
    24H : -1.97%
    Volume : $735,911,632.00
    Marketcap : $32,692,285,870.00
  • terra-lunaTerra(LUNA)
    $87.96-7.21% 24H
    TERRA
    24H : -7.21%
    Volume : $2,091,404,457.00
    Marketcap : $31,224,000,667.00
  • avalanche-2Avalanche(AVAX)
    $79.94-4.23% 24H
    AVALANCHE
    24H : -4.23%
    Volume : $651,461,780.00
    Marketcap : $21,345,345,382.00
  • polkadotPolkadot(DOT)
    $18.98-3.96% 24H
    POLKADOT
    24H : -3.96%
    Volume : $522,492,664.00
    Marketcap : $20,904,948,600.00
  • dogecoinDogecoin(DOGE)
    $0.147-0.35% 24H
    DOGECOIN
    24H : -0.35%
    Volume : $1,709,936,369.00
    Marketcap : $19,528,083,067.00
  • binance-usdBinance USD(BUSD)
    $0.9990.100% 24H
    BINANCE USD
    24H : 0.100%
    Volume : $3,031,521,102.00
    Marketcap : $17,907,585,119.00
  • terrausdTerraUSD(UST)
    $1.000.00% 24H
    TERRAUSD
    24H : 0.00%
    Volume : $710,407,989.00
    Marketcap : $16,759,326,710.00
  • shiba-inuShiba Inu(SHIB)
    $0.000024-0.91% 24H
    SHIBA INU
    24H : -0.91%
    Volume : $622,427,689.00
    Marketcap : $13,391,607,837.00
  • wrapped-bitcoinWrapped Bitcoin(WBTC)
    $42,263.00-1.06% 24H
    WRAPPED BITCOIN
    24H : -1.06%
    Volume : $205,987,180.00
    Marketcap : $11,648,041,723.00
  • crypto-com-chainCronos(CRO)
    $0.437-1.87% 24H
    CRONOS
    24H : -1.87%
    Volume : $43,191,918.00
    Marketcap : $11,045,868,142.00
  • nearNEAR Protocol(NEAR)
    $15.96-4.67% 24H
    NEAR PROTOCOL
    24H : -4.67%
    Volume : $1,001,407,008.00
    Marketcap : $10,603,423,829.00
  • staked-etherLido Staked Ether(STETH)
    $3,182.92-1.85% 24H
    LIDO STAKED ETHER
    24H : -1.85%
    Volume : $8,945,498.00
    Marketcap : $10,259,684,260.00
  • matic-networkPolygon(MATIC)
    $1.43-2.09% 24H
    POLYGON
    24H : -2.09%
    Volume : $379,202,804.00
    Marketcap : $9,786,905,958.00
Cryptocurrency Report
Home » MXC’s 200% gain hints that LoRaWAN IOT mining projects could rally in 2022
News

MXC’s 200% gain hints that LoRaWAN IOT mining projects could rally in 2022

CryptoReporterBy CryptoReporterJanuary 19, 2022No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Cryptocurrency mining has become a hot topic of conversation over the past couple of years due to its lucrative nature and the impact the industry has on the environment. 

The emergence of Web3 and the increased presence of Internet of Things (IoT) devices has led to a new class of low-cost mining protocols with low-power network technology. These include LPWAN or LoRaWAN which are designed to transmit low bit rate data over long distances.

One such protocol that has been gaining traction in recent months is MXC, a Web3 infrastructure protocol designed to provide geolocation-based LPWAN coverage to IoT devices around the world

Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.046 on Jan. 1, the price of MXC has seen a 200% rally to a new all-time high of $0.139 on Jan. 19.

MXC/USDT 1-day chart. Source: TradingView

Three factors adding to MXC’s building momentum include the earning capability of the MXC miners that can mine multiple cryptocurrencies simultaneously, the introduction of one-week shipping for new mining devices and an expanding, global ecosystem of partners and independent mining nodes.

Mining diversity could be an advantage

The IoT mining sector has seen many new entrants become established in recent years with projects like Helium (HNT) and Nitro Network (NCASH) offering LoRaWAN based networks that transfer data in exchange for the native HNT and NCASH tokens.

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

The MXC network uses its MatchX M2 Pro LPWAN miner, which is available for purchase on their website at a price of € 2,499 or on Amazon for a price of $3,299, alongside the DataDash app, which allows users to manage its miners and rewards.

In terms of devices capable of mining Bitcoin, the M2 Pro miner requires 5 watts of power as compared to the 3,250 watts required by the Bitmain “Antminer S19 Pro.” This makes the M2 better suited for individuals that don’t have a lot of funds to invest in a hefty mining operation.

According to one user’s self-report, the M2 Pro miners have been earning a yield of $8 to $10 dollars per day and estimates that it will take a total of 8 months to recoup the original investment.

Easy access to M2 Pro

Another reason for the building momentum for MXC has been the introduction of one-week shipping for new M2 Pro orders.

Shipping Announcement

Shipping your M2 Pro takes only 7 days!

Applies for everyone on the globe

Get your M2 Pro here: https://t.co/8WiTQWqxi2 pic.twitter.com/oArEmi65AV

— MatchX (@matchx_iot) January 19, 2022

For LPWAN networks, achieving widespread coverage is key to the overall health and long-term viability of the network. Having an easy way for interested parties to obtain mining equipment helps to increase the rate of growth.

Delays in miner shipments have been an issue for other networks, including Helium, which has led to hard feelings and some cancellations as users lament the lost-mining time and funds that could have been put to more productive use elsewhere.

As a result of the access interested parties have in obtaining the M2 Pro, the MXC network has now reached 18,186 nodes worldwide.

MXC node network. Source: MXC Mapper

Related: EU securities regulator calls for proof-of-work crypto mining ban

New partners and the launch of F-NFTs

In addition to an expanding network, MXC has new partner projects joining its network and there are plans to integrate “functional nonfungible tokens” or F-NFTs.

The protocol has partnered with Matcha and the team is currently in talks with Huobi exchange to create promotional offers for international users.

MXC has also revealed a new partnership with Random Network which will provide the community with a dashboard for the data that MXC distributes from its global network of M2 Pro miners.

MXC is launching Functional #NFTs, also known as F-NFTs!

These will change how we grow the global #DataRepublic, enhancing the use of the network + viewable directly on the DataDash app.

More here: https://t.co/BxRoZgUVMF pic.twitter.com/k0eIBBLQMD

— MXC Foundation (@MXCfoundation) January 13, 2022

On top of collaborating with other entities, MXC recently unveiled plans to launch F-NFTs in an effort to bring “hardware to the metaverse” and expand the community and functionality of the “MXC Data Republic.”

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system

August 9, 2022

20M JavaScript devs can now build applications on NEAR: KBW 2022

August 9, 2022

Tornado Cash co-founder reports being kicked off GitHub as industry reacts to sanctions

August 9, 2022

Japanese Crypto Industry Urges Tokyo to Reform Tax Laws

August 9, 2022

Circle freezes blacklisted Tornado Cash smart contract addresses

August 9, 2022

Australia-based crypto miner doubles hash rate after energizing Canadian rigs

August 8, 2022
Add A Comment

Leave A Reply Cancel Reply

Top Posts

F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system

August 9, 2022

20M JavaScript devs can now build applications on NEAR: KBW 2022

August 9, 2022

Tornado Cash co-founder reports being kicked off GitHub as industry reacts to sanctions

August 9, 2022

Subscribe to Updates

Get the latest sports news and analysis about crypto coins and the latest news about domains from Techie Memo.

Advertisement

Your number 1 source for all Cryptocurrency news and analysis. here you can follow all updates and latest rates for all currencies. Visit our about page for more information.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Top Insights

F2Pool co-founder responds to allegations it’s cheating the Ethereum POW system

August 9, 2022

20M JavaScript devs can now build applications on NEAR: KBW 2022

August 9, 2022

Tornado Cash co-founder reports being kicked off GitHub as industry reacts to sanctions

August 9, 2022
Get Informed

Subscribe to Updates

Get the latest sports news and analysis about crypto coins.

Facebook Twitter Instagram LinkedIn
  • Guest Post
  • Privacy Policy
  • Terms & Conditions
  • Contact
© 2022 Cryptocurrency Report. Designed by Sawah Dev.

Type above and press Enter to search. Press Esc to cancel.