Permanent Low-Power Bitcoin Mining
How to Mine Bitcoin with the M2 Pro
MXC Foundation is now Meta X Connect, a new brand identity that signifies our commitment to data, Web 3.0, immersive technologies such as the metaverse, and NFTs. With this new rebrand, we are excited to offer a completely new mining experience with the exceptional MXProtocol and launch the permanent rollout of low-power bitcoin mining on June 21, 2022.
MatchX and the MXC Foundation, exploiting the patented LoRaWAN technology and its Supernode network on the novel Meta X Protocol, have innovated the mining experience and created a mechanism empowering low-power bitcoin mining with the M2 Pro multi-token miner, allowing everyone to mine $MXC, $DHX, $BTC and many more tokens to come. This is a world-first in mining technology; until now, mining bitcoin ($BTC) has been synonymous with high electricity costs and expensive mining rigs. Welcome to the world of low-power bitcoin and low-power multi-token mining. Welcome to the world of the M2 Pro Miner.
To ensure that our supporters have full access to experience permanent bitcoin mining using the world’s best IoT App, DataDash App, we have prepared the following step-to-step guide. This guide will ensure that you are fully aware of all the necessary prerequisites and will walk you through the DataDash environment so that you are all ready to start your BTC mining when it drops. Simply follow these steps:
What are the prerequisites?
To participate in permanent bitcoin mining, there are three Proof of Participation (PoP) requirements:
- You must own at least one M2 Pro Miner. Permanent bitcoin mining will occur per miner, allowing anyone with multiple miners to join simultaneously to increase their mining performance.
- Bond a minimum of 5,000 $MXC for 90 days. To make $BTC mining more participative, users will have the flexibility to increase their mining efficiency by bonding more $MXC. Furthermore, there will be no cap on the maximum bonded $MXC, allowing every miner to decide how much they would like to participate in a decentralized and fair low-power $BTC mining experience.
- Maintain 90% miner health, as this ensures the required liquidity needed at the Supernode level to generate significant rmPower per miner. This is essential to ensure a robust data network, a key function to the MXC Foundation purpose.
How do you mine $BTC with the DataDash App?
Here are simple steps you need to follow on your DataDash App to start low-power $BTC mining:
Step 1: Once you have an M2 Pro Miner in your possession, you simply need to set it up. This only takes around four minutes. If you are unsure how to set up your miner, you can follow the steps outlined in our introductory video.
Step 2: Ensure you have the updated version of the DataDash App. Download it for iOS and Android.
Step 3: Open your DataDash App and click “Login”. Once logged in, simply select the Supernode for your region and fill in your email address and password.
Step 4: Once you are logged in, tap the “Home” section on the bottom left, which will bring you to the dashboard, and click on the BTC icon. Note: if the BTC icon is not visible, simply tap “Add Token” and add the BTC token to your dashboard. Once it is listed as a token, tap on it to bring up your BTC dashboard.
Step 5: Once you have entered the BTC dashboard, tap on the “Mine” icon on the top right in the banner. This will open a popup at the bottom of the screen, asking you to “Bond” your $MXC.
Step 6: Once you tap bond, this will bring you to an invitation popup page, welcoming you to permanent BTC mining and highlighting all the requirements. If you are comfortable with the requirements, tap continue.
Step 7: Once you click continue, you can see all your miners listed and which miner is eligible for mining BTC. Here you can also bond your $MXC per miner. The bonded $MXC will determine your mining power per power.
Step 8: Once you have decided what amount of MXC to be bonded, you tap on “Confirm Bond” and that it, you are now mining $BTC. Note: it may take up to 24 hours for your miners to join the BTC mining network.
What happens after the 90days bonding period?
The bonding period will relapse at the end of 90 days period. If at any time you wish to increase your mining power, simply add to your initially bound amount, any time during the 90-day bonding period. Please note that the bonding period will auto-renew unless you choose to opt out.
You can cancel the bond 48 hours prior to the ending of your bonding period; otherwise, the bond will be conveniently automated and rolled over for the next 90 days. If you decide to unbond 48 hours prior to the end of the bonding period, the MXC bonded for BTC mining will enter a cooling-off period after the bonding concludes. The cooling-off period implies that the bonded MXC will be released to your DataDash wallet within five days.
Every time a new bond of $MXC is created, that additional bond will follow the same principle as the initial bond, thus implying the same 90-day bond duration, 48 hours canceling timeframe, and up to five days cooling-off period.
This is the latest update to the world’s first multi-token miner, the M2 Pro. We can’t wait to bring low-power Bitcoin mining to the world. We will continue adding more tokens to our networks, ensuring our mining community stays committed and participative in our MXC global network.
About MXC
Based in Berlin, Germany, the MXC Foundation is a purpose-built IoT Foundation with the mission to inspire fast, efficient, decentralized data exchanges using LPWAN, Blockchain, and Token technology. The MXC Foundation is pairing “MXC” — the pioneer IoT cryptocurrency — with advanced LPWAN technology, developing the next, vital step in the fourth industrial revolution, enabling secure, vastly scalable, lightning-fast transactions. Learn more at: www.mxc.org
For further information, media requests or comment, please MXC can be contacted directly at hello@mxc.org or via the www.mxc.org website.
