In traditional (GPU) crypto mining, transactions are verified and added to a blockchain. In order to verify these transactions, the computing power of a computer must be lent. Verifying transactions is an energy intensive and costly process.

How does the MatchX M2 Pro Cryptominer work?

The MatchX M2 Pro does not verify transactions in order to add them to a blockchain, but works according to a Proof of Participation (PoP) revenue model.

One of the unique aspects of the MatchX M2 Pro Miner is that the M2 Pro is extremely cost effective. Unlike mining Bitcoin with GPU or ASIC Miners, the MatchX M2 Pro hardly consumes any power. The MatchX M2 Pro miner even costs less in power consumption than an average light bulb.

By connecting a MatchX M2 Pro miner you create an LPWAN (Low Power Wide Area Network). This LPWAN network can then be used for data transfer. MatchX’s PoP revenue model rewards the MatchX M2 Pro Miner for the coverage it contributes to the Internet of Things (IoT).

What is the IoT (Internet of Things)?

The Internet of Things (IoT) is an internet network for smart devices. Think for example of a “smart” thermostat, a “smart” doorbell or a robot vacuum cleaner. There are estimated to be more than 65 billion smart devices worldwide. All these devices collect data and want to send this data to a user app. If these smart devices all used the internet, the internet would become overloaded. A new network has been set up especially for smart devices to send and receive data, namely the Internet of Things (IoT).

How can MatchX reward everyone who contributes to MatchX’s IoT?

MatchX is working on setting up an IoT network. In this initial phase, MatchX is encouraging consumers to purchase a MatchX M2 Pro Miner in order to increase the coverage of the IoT network. If MatchX goes in the same direction as the Helium Project (another miner that also sets up an IoT network), MatchX will in the future rent out the use of their IoT network to companies that use smart technology. After all, companies that work with smart technology need a network over which their smart devices can collect and send data.

Which Tokens can you mine with the MatchX M2 Pro Cryptominer?

The MatchX M2 Pro Miner currently allows MXC, DHX (DataHighway) and BTC (Bitcoin) to be mined. Polkadot can also be mined in the future. MatchX is currently also working on making dual mining possible.

Conclusion

By connecting a MatchX M2 Pro miner, you create an LPWAN. The LPWAN network contributes to the coverage and connectivity of the IoT network. Thanks to the LPWAN technology, your MatchX M2 Pro Miner can receive and send data over the IoT.

The IoT network is necessary for smart devices to receive and send data to user apps. The MatchX M2 Pro Miner is therefore actually a small radio transmitter that can transmit data via 16 different frequencies so that data from smart technology can be exchanged between devices and users. Data that is sent over the MatchX network is encrypted (encrypted) and cannot be read by miners, the origin and destination also remain hidden from miners, so the MatchX network guarantees privacy and watertight security for the data that is transported over the network .