HNT, MXC and BTC Can Be Mined Via 4W Portable Device

There is a device titled Match X M2 Pro, and it is priced at $2,900. It offers a latest type of mining using POP, where total tokens mined are determined by miner’s participation value.
Proof of Participation (POP) mechanism behind MXC token made by MXC Foundation, a non-profit organization based in Berlin.
It can mine both MXC and HNT tokens by design. It can recognize itself on a network for mining both tokens.

Proof Of Participation (POP)

Basically, this device holds a POP design for mining; Proof of participation design, M2 provides a latest kind of mining where total mined tokens are determined by miner participation value in network itself.

With this algorithm, in contrast to most utilized POW or POS, a miner exhibits his presence in network by mining “data blocks,” which utilize next to no energy. In fact, energy consumption for M2 Pro is minute, 4-6W.

It appears very similar to a household WiFi router because internally, it is very identical to and have similarities to HNT miners. Difference is that MXC asserts to have compatibility with gig machines, not only internet of Things devices. It can mine BTC too.

What To Mine?

Sensor owners link to gateway owners through LPWAN. These then link to supernodes which are generated through staking of tokens. Supernodes are, in turn, linked to full nodes, which are then operated by parachains and associated directly to data acquirers.

MXC protocol reviews every protocol depending on its network participation and eliminates any which are no longer functional. After that, miners are given ratings depending on their participation.

Rewards are then dispersed depending on ratings. System promotes decentralization and for more folks to enter the network, rendering it safer.

Source: MXC Whitepaper

Multi-Token Mining

M2 Pro is able to mine both MXC as well as HNT (Helium) tokens by design. It is able to identify itself on network to mine a couple of tokens. However, this is a juicy bit. MXC Foundation is about to make an announcement regarding results of their pilot program to mine BTC utilizing an LPWAN device like M2 Pro.

This device utilizes Proof of Participation protocol for measuring participation in a network similar to its indigenous token. Miners then are able to mine BTC via their devices and gain Bitcoin rewards.

Is Proof Of Participation The Future Of Digital Asset Industry?

As per white paper of MXC, genuine democracy is only effective when each party takes part actively. The more operational and vibrant community is, more we can attain collectively.

POP algorithm offers each miner an equal opportunity to bag rewards. However, criticism here is that, real estate becomes a vital part aspect for taking command over Proof of Participation network. This is why if authorities bags an accessible supply of LPWAN devices and puts them on each traffic sign and street light all over the nation, they might even become most robust network participants.

This may not be the future of mining in near future, but probabilities for upcoming generations are astoundingly luring.