Mining is a new direction of activity, where every person can receive additional income. But the need to purchase expensive equipment and the availability of special technical education to work in this area frightens novice miners. Many of them are afraid that the investments will not justify themselves, and an inexperienced miner will incur unforeseen expenses instead of additional income. After all, the issue of purchasing equipment and programs for work requires considerable knowledge and experience for the successful conduction of business. But the technical progress does not stand still, and thanks to the new decentralized Mib Coin platform, a novice miner can work from his smartphone without additional investment in the purchase of equipment. A competent approach to saving energy resources will save on costs, increasing the potential income of a user.
Key features of Mib Coin
Mib Coin is available only on smartphones due to the refusal to use GPU and ASIC methods. Due to the distribution of the hash-speed with the use of artificial intelligence, a user's smartphone is reliably protected from overheating. Mib Coin withstands the necessary amount of calculations for high-quality extraction of the required volume of cryptocurrency. The power of consumed energy is reduced by more than 99%. Thus, with a smaller consumption of kilowatts, a miner gets great opportunities to work with cryptocurrency with mobile access to the private office.
Advantages of Mib Coin
Mib Coin mobile application is very convenient to use. To get started, you need to download the application, install it, go through the mandatory registration procedure and you can start working. For each new user, a personal account is formed on a separate node, which prevents the possibility of a mass hacker attack on the project database.
Mib Coin is based on blockchain technology, which reliably saves all information and assets of a user by storing information on unrelated resources. Earlier, the project was available only in several countries, but now thanks to the active work of programmers, every inhabitant of the planet can begin mining on the platform. The project has already successfully passed the beta testing of the mobile version and is available for iOS and Android.
It's no secret that for the successful operation of a miner, the costs for electricity are of great importance. The project developers use renewable energy sources to reduce energy costs and the burden on the ecology of our planet. Taking into account that the smartphone's processor is far from the stationary working processor, the project creators provided protection of smartphones from overloads using SmartX Blockchain Platform MIB technology.
All transactions on the project are carried out using smart contracts, which ensures a high speed of operations. Mib Coin allows conducting more than 50 thousand transactions per second and is not inferior in power compared to a stationary computer.
The creators of the project provided for the availability of a technical customer support service. Now each user can apply for quality advice to project specialists in a non-stop mode.
Mib Coin cryptocurrency
To perform calculations on the project, MIB tokens were issued in the amount of 600 million. 300 million MIB are allocated for sale. The pre-sales have already been completed, and at the moment the project is at the crowdsale stage. Until August 10, investors have the opportunity to purchase the cryptocurrency at a price of 1,200 MIB for 1 ETH, which is equivalent to buying 1 token for $0.5. The minimum purchase amount is 1 MIB. You can buy the cryptocurrency with the help of BTC and ETH. The project's softcap is $10 million, the hardcap is $25 million.
Investment collected during the ICO is planned to be directed mainly to further technological development of the project (35%) and reserve (35%). The rest of the funds will be spent on expenses and bounty-campaign.
Summary
Thus, Mib Coin project is a unique project for miners, which allows obtaining the required amount of cryptocurrency with the help of a smartphone without extra costs. The user-friendly interface and easy operation have already influenced the high demand of Mib Coin for the miners. Despite the fact that the crowdsale started 5 days ago, 25% of the amount of the hardcap has already been collected.
The development of the project began in mid-2017, and at the current moment a team of professionals working on the creation of a working version of Mib Coin has already been formed. At the moment, the platform can already be downloaded from the official providers, but the full functionality of the project will only work in early 2019.
Links:
Website: https://mibcoin.io/
WhitePaper: https://mibcoin.io/#whitepaper
Telegram: https://goo.gl/s7ZpEM
Facebook: https://goo.gl/3NpA4B
Twitter: https://goo.gl/k4B8g5
Medium: https://medium.com/@eogus1217_40089
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.
I think mobile company might be focusing on mobile mining stuff . As the future mining project must be environmental friendly
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Wonder the difference between this, Electroneum, , and @phoneum?
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A good question. Electroneum is not a CPU-only, mobile-exclusive cryptocurrency. Phoneum is closer, but Mib Coin is more advanced and has a stronger focus on energy efficiency.
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I'm afraid that Google was going to find out about it and remove it from the store. Both of them, actually.
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That's a valid concern, but it hasn't happened yet. Besides, Google keeps going back and forth on cryptocurrencies, so even if the apps are removed, it might not be a final decision.
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I will definitely keep that in mind
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We are really looking forward to getting to know your opinion on today's special post, you're welcome!
https://steemit.com/steemit/@bonanza-kreep/tell-it-like-it-is
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I follow you, so I'll be taking a look. Thanks for the update.
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It should be ecofriendly - more than regular mining is, at least, due to its low-powered approach. If this approach catches on then it might make a real difference.
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