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Topic: MxC bitcoin miner is this a hoax (Read 120 times)

copper member
Activity: 2128
Merit: 1814
฿itcoin for all, All for ฿itcoin.
April 11, 2022, 06:59:18 PM
#2
As soon as I saw this was advertised as a bitcoin miner  Huh something started to stink right away cause you will never ever mine any btc on an < 5W device successfully.
I think you already got it figured out. Bitcoin can be profitably mined by some powerful ASICs, not some shitty network antenna.

And the token they talk about is MXC, an ERC20 token on Ethereum network. I wonder how mining an ERC20 token works out  Roll Eyes

This post should be moved to mining (altcoins). It doesn't belong here.
newbie
Activity: 8
Merit: 0
April 11, 2022, 05:29:29 AM
#1
Your one and honly Helium competitor...

https://d33wubrfki0l68.cloudfront.net/8a97f966cb15f130b7addfb8ddf7b1155a74386e/b7231/images/miner-main-min-p-500.png


https://www.mxc.org/m2pro-miner


So let's get into this sheit. Now that helium basically reached the point of complete unprofitability this project started popping up in the news also while the market is going down this recently started going up.

Their miner cost about 2400 EUR / 3000 USD.

As soon as I saw this was advertised as a bitcoin miner  Huh something started to stink right away cause you will never ever mine any btc on an < 5W device successfully.

Looking at their github:

https://github.com/mxc-foundation

Ain't no miner code in there, not even couple of lines.

So maybe we should debunk this sheit before they con more people into buying it....


Someone mentioned it on their reddit that the device actually doesn't mine anything just provide proof of coverage, all the rewards calculated and distributed by them. Also another huge red flag about this project is their "FUEL TANK" you need to lock your tokens otherwise your miner profitability drops hmm what does this reminds me... bitcooooneeeeeeeeeeeeeeeeeeeeeeeeeeect

So basically the rewards are paid out from other conned in foes money who buy the sky high 3k miners. This can work for a while but we know all ponzies come to the same end. See ring/thor finance and alike "nodes".

Anybody actually bought this sheit here and reversed the software running on it?


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