Table of Contents
- What is it?
- Where can I buy it?
- How much will I make?
- Handy resources
- Whitepapers / Documentation
- AMA / Updates
- Will it interfere with a Helium miner?
- How is it different to Helium?
- Can I have more than one M2 Pro in a location?
- Examples/Applications of MXC IoT
- How do I stake MXC?
- How do I earn/bond DHX?
- MXC/DHX Profit Calculator
- What's the ROI?
- MXC's communication channels?
- Talk to me about mining BTC
- What is miner health?
- Where can I exchange MXC & DHX?
- How far can the M2 Pro Miner Reach?
- How can I get refund?
- Is this a scam?
Some notes on the MXC M2 Pro miner I gathered on #mxc-m2-pro-mining in the last while.
LMK if anything is incorrect, this will be converted in a Wiki in a while.
The MXC M2 Pro is a low power (~10W) multi-coin miner
- Vosks’s - I’m earning $360 in PASSIVE INCOME with my TRASH CAN?! - 3 May 2021
- Vosks’s - Mining $12+ a day with the M2 Pro Miner - 8 May 2021
- MXC’s medium write-up on ’ Turning Passive Income Into Massive Income’
You can buy it using this link. The promo code ‘VoskM2Pro’ will give you $50 USD off.
You will get $10-$14 in MXC value per day. The exact number changes based on the current MXC price. If MXC rises in price you get less, if it drops in price you get more, therefore you get a consistent $10-14 a day in MXC. Example here
Note, this is the case for mining MXC only.
- BTC, DHX and others are in addition to it (if you choose to take part)
It is worth reading 'Insider Report: How to Improve Your M2 Pro Mining Earnings & What’s Next’
Depends - under change with the ‘miner fuel’ changes recently
- The MXC Handbook - Contains lots of useful information
- DataHighway (DHX) Mining Tutorial + Maximizing Your DHX Earnings
- 23 April 2021 - AMA: Everything about MXC and DHX with Siwon Kim](AMA: Everything about MXC and DHX with Siwon Kim | by Jessica Hughes | MXC Foundation | Medium) - youtube link
- Tutorial on how to use the Datadash app to stake MXC and mine DHX
- Q4 2021 MXC Roadmap
- Tokenomics whitepaper - MXC Data Economy
Other updates such as AMA’s go here:
You can have an M2 Pro miner and a Helium hotspot miner at the same location without any interference or profit concerns.
Same band but different model - Helium has Proof of Coverage, while M2 Pro is Proof of Participation
ie. you can have multiple units in same area (for now) - participating gets you rewards (for the time being), it also does multiple coins.
The M2 Pro currently tries to achieve a consistent payout - see ‘What is it?’ above
- Tactical investment video from 7 June 2021 titled ‘Better Than Helium…Why The MatchX M2Pro Miner Is So Far Ahead’
Yes - this does not currently operate like Proof of Coverage (like helium), therefore you can have as many as you want in one location.
- Smart Parking by MatchX
- @Tavern_Side_Gaming has a good video titled ‘MXC Staking in the DataDash App - A Complete Guide’ released on 7 June 2021
This is a good spreadsheet/guide detailing how to BOND DHX and LOCK MXC as a pair to generate revenue
A good video guide also here
@TavernSideGaming made a similair one here:
- @Tavern_Side_Gaming has a good video discussing ‘DHX Mining Fundamentals - Maximize your DataHighway Profits!’ (7 June 2021)
- @Tavern_Side_Gaming expands on his previous video on June 28 2021 - titled 'Earning DHX - Advanced Resources by Midir & PHAN’ - this expands on how to figure out the Mpower you need
A good spreadsheet letting you work out the optimum pairing combination of MXC/DHX for bonding
- On 28 July 2021 MXC released a “Explained: Low-Power BTC Mining through DKP with M2 Pro”
- To be announced for ‘public’ use, test1 has completed, test2 is to start w/o 24 May 2021
- About the Das Kaiser Projekt
- Some remarks after test1 published here - Crypto Gossip talks about how it works here on 22 July 2021
- Das Kaiser Projekt Test 2 opened on 25 May 2021 - Twitter post, website and application form this application process were open for around 10 days
Miner health or fuel is a term that started getting a mention in mid-May 2021.
- MXC group explains ‘What is Miner Fuel?’ - 7 June 2021
- MXC group explains ‘Miner Fuel — The Future of Miner Decentralization & Increased Miner Yields’ - 7 June 2021
- Miner Fuel full Tutorial with Depletion Examples and Calculations
- AMA of 12 June 2021 has some details, transcript and video, credit to @Tavern_Side_Gaming
- Crypto Gossip’s reaction to above 12 June 2021 AMA and Miner Health in general
- MXC’s response on 14 June 2021:
- 14 June 2021 News update video mentions miner health as well and a promised post for Tuesday 15th June
- 15 June 2021 AMA with Jeff on Discord - gives a lot of info
- 21 June 2021 Miner health feedback mention
- 22 June 2021 AMA with Jeff again - transcript, alternative here, credit @Tavern_Side_Gaming
- 28 June 2021 News update confirms how withdrawing MXC affects miner health
You shared your feedback and the MXC team is going through all feedback, your tweets and beyond from the online community, we are determined to be as transparent as possible through this entire process of this new feature and wand to thank all of you for letting us take the time to make the necessary updates.
- 29 June 2021 MXC AMA With Jeff, video here and transcription here, thanks @Tavern_Side_Gaming
- 1 July 2021 - LEARN & EARN with MXC - Described miner-health as a halving you control (transcript)
- 9 July 2021 - Medium article written by the MXC Foundation about Miner Health
- Use biki.cc for MXC & DHX - no need to KYC for under $5k USD/day
- Hoo Exchange offer MXC and DHX reportedly
- KuCoin offer MXC
According to this video , the MXC M2 Pro has a link budget of 173db which gives it a average range of 20km (12.5mi)
For refunds you contact email@example.com with your invoice numbers in the subject line
This is for you to decide - however, some open-ended opinions collected over time from multiple sources are listed below which could possibly have been misunderstood or misinterpreted,
- Why is the claimed coverage area of a M2 Pro so much more than a Helium miner when they operate at the same bands? Yes it is understood that there is patents tied to it, however patents tend not to defy the laws of physics
- Why is the device cost so high? Again, patents are typically mentioned as a reason (I’m not sure I grasp this logic)
- Once you grasp the concept that most mining activities encourage you to stake & bond, especially for extended periods it should not be surprising that some might think that you are given back a daily portion of the initial revenue cost of your device, in the hopes that you would stake/bond your interests to further continue the scheme.
- There is a lot of government-centric deals, this sounds great at first, however are especially not immune to questionable decisions
- This video, published 11 May 2021 says at 56 seconds “In fact, the M2 miner currently mines MXC as well as Bitcoin and DHX all simultaneously”. Note that at the time the video was published only the DKP Testnet has run the previous month (analysis here) and Bitcoin was not available at the time the video was published.
- In the same post as the above, the foundation says:
The average power consumption to mine this quantity of BTC was determined to be 60 watts per miner over the course of 30 days, resulting in a calculated average of close to 2 watts per day.
Watts is a consumption rate so the quoted text makes no sense. It is the equivalent of saying that I drove 60 miles per hour in 30 days.
Hazarding a guess at what they meant - possibly 60 watts over 24h would be 1.44 kWh, ~30 day month = 43.20 kWh assuming 10c elec = $4.32 cost
- The miner is pictured in all literature with 4 antenna’s - whilst it is only shipped with 3 (with the 4th 4/5G one not being available at the time of writing)
- Whilst it is understood that it is purely proof-of-participation based, it appears encouraged to have multiple miners in the same location from the photos on their site - surely this does (long term for the whole ecosystem) more harm than good?
- ‘Mining’ (something which is typically taxing on hardware and produce thermal control concerns) might be the wrong word to use for what it does on a M2 Pro for MXC/DHX/Bitcoin - the literature is too light on technical detail IMHO - this could just-as-well be a automation exercise utilising tradebots to trade BTC - the lack of clarity of what you are actually participating in causes questions on validity and sustainability
- After reading the whitepapers it has become apparent that it doesn’t talk about tokenomics, only that there’s 2.6 billion in supply… What’s to give the token increased value in the future when POP goes away? What’s going to ensure it’s not a “penny stock” for the rest of it’s life?
- MXCs investors hold 80% of the supply and selling miners that are probably worth $50 for $3,000 whereas none of Helium’s investors were allocated Helium and sell their miners for what… $500-ish? This questions what the future holds for MXC
- Promised referrals was never paid to VoskCoin
- Significant earning changes with miner fuel was discussed 11 June 2021 without any voting, or agreement with the users of the product - thereby causing significant investment changes in the product (for example, this makes no sense for a US taxpayer anymore)
- IPFS is still proudly displayed on the webpages whilst it appears that this is no longer a goal and being replaced with Polkadot
- Miner fuel has no set maximum, therefore penalising any MXC withdrawals, whilst you do have control of withdrawels you are penalised for it (ie. approaching Ponzi territory)