Značka: iot miners

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

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: TradingViewThree 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 advantageThe 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 ProAnother 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 globeGet your M2 Pro here: https://t.co/8WiTQWqxi2 pic.twitter.com/oArEmi65AV— MatchX (@matchx_iot) January 19, 2022For 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 MapperRelated: EU securities regulator calls for proof-of-work crypto mining banNew partners and the launch of F-NFTsIn 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.

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IEEE Blockchain Identity of Things standardization working group kicks off

Six worldwide corporations have banded together to start the IEEE blockchain Identity of Things standardization. According to IEEE Chair of the Identity of Things Working Group Dr. Xinxin Fan, researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX and China Academy of Information and Communications Technology are developing the global standards for blockchain-based decentralized identities in an effort that commenced two years ago.Related: Decentralized identity can bring the analog world into the digital oneAfter two years of research, the six major global businesses have provided the proof of concept for blockchain-based decentralized identification (DID) for IoT devices, which Dr. Fan started in 2019 with the World Wide Web Consortium (W3C). IEEE is a non-profit organization that has created standards for the general needs of technology related to wireless devices, networks, and services.According to the press release, blockchain interoperability is crucial for the success of the Internet of Things (IoT), people, and enterprises. It is possible to advance global trade, economic development, and local communities around the world by eliminating technological hurdles and enabling diverse entities to communicate with worldwide standards.Related: Empowered with IoT, Will Blockchain Lead to More Freedom or Less?”IoT, decentralized identifiers, verifiable credentials, blockchain are technologies accelerating fast and bonding together,” said Giovanni Franzese, the head of blockchain business development at Ericsson. “It’s a huge privilege to contribute to the IEEE P2958 standards development, bringing the market perspectives, the Ericsson knowledge and participate in a cooperative cross-industry group to make the standards effective and fostering for adoptions with our clients.”Dr. Fan leads the working group intending to ensure that the entire $12.6 trillion potential value of the IoT in 2030, as predicted by McKinsey, can be unlocked by defining a global DID standard for people and machines to interoperate.

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