This article is for those who are currently mining Helium (HNT) or for those who are looking to start making passive income with a MatchX M2 pro.
We decided to structure this article by comparing the similarities and differences between Matchx GMBH and Helium.
MatchX vs Helium
If you’re too lazy 😴 to read this 6 min article and rather learn by doing, simply buy a miner here.
Let’s start by briefly giving some background about MatchX. Just like Helium, MatchX is looking to build a decentralized network using Lo-ran technology. Over the last few years, the Internet of Things (IoT) applications have been significantly improving and the number of utilities is only going to get better.
The collection of data is critical for urban infrastructures and governance. The Internet of Things (IoT) is at the core of data collection for empirical urban policy-making. Plenty of connected devices are sensing data across cities: in vehicles, infrastructure and buildings.
With over 600k miners, Helium has made an impact and we are already seeing its usefulness today.
How is MatchX changing the world? 🌍
We have had our fair share of frustrations with WiFi and Bluetooth — two primitive and limited technologies that has frequent drops in connectivity and limited reach. There is a massive strain placed on the current wireless systems causing network overcapacity and leading to loss of data.
MatchX aims to solve this problem by leveraging LoRaWAN.
For devices that need to send small amounts of data over long distances without exhausting their batteries, LoRaWAN is the state-of-the-art smart city network technology.
MatchX, just like Helium, is competing with each other to bring a complete decentralized network.
Two very different companies with different strategies, mining, hardware are calling us to help bring the network to life.
How do they compare?
Both Helium and Match X are using the blockchain to build a decentralized network. Investors who purchased miners are rewarded cryptocurrency for providing wireless coverage for data transmission of their clients. The blockchain rewards Helium miners with standalone crypto known as HNT, while Match miners are rewarded with MXC. The matchx m2 pro IoT miner is also knows as the bitcoin mining pro.
MatchX is currently stating that the mining rewards are somewhere between $10-$15/ day. You might wonder how this is sustainable for MatchX and how they plan on continuing to pay the community with such high rewards.
Let’s show how this would be possible by explaining how the early days of Helium Mining resemble today’s MXC mining.
Rewards for a Bobcat300 back in December 2020
At the beginning of Helium, a miner would make 120 HNT a month. Which was very impressive given that there was no usefulness to the network. A miner that cost 450$ was able to pay itself in less than 30 days.
Let’s not forget the many gamification Helium would allow with miners being able to spoof.
You might think that this was done by recklessness but the truth is that at such an early stage of their growth, companies don’t have time to go after the network. Their sole interest at that stage is growth and distribution. As the network grows, they can improve the protocol incentivizing miners the right way. Over time, as predicted, Helium did a crackdown on the spoofing, and rewards were reduced to their much more reasonable state at 6 HNT average a month.
The same phenomena are currently happening with MatchX. MatchX is currently paying the network somewhere between $12-$15 per day. We don’t believe that these rewards will continue to change anytime soon but we are definitely seeing the same patern as Helium.
How much is MatchX M2 pro profitability?💸
Given the current earnings, the helium miner’s ROI (return on investment) is about 5–6 months depending on where you live. The ROI of the m2 pro miner is about 6–7 months. And that is given the current earnings without any price fluctuation.
For the M2 miner pro, as of Match 2022, you will make between $10-$15 in MXC token per day. The exact number changes based on the current MXC price. If MXC rises in the price you get less, if it drops in price you get more, therefore you get a consistent $10–14 a day in MXC.
Here’s a video of Voskcoin making $12 A DAY using an MXC M2 pro gateway.
Being the bear market as of March 2022, mining MXC is currently very optimal. Since MXC will always give you consistent rewards, it will need to compensate in MXC coins. When the price of MXC rises, so do your rewards. This is why we always recommend keeping your coins. As previously mentioned, mining HNT at an early stage was very profitable.
How do I install a miner?
Helium installation requires you to be a little more technical. Because helium rewards run on a proof of coverage system earnings are significantly impacted by antenna placement, if you’d like to learn more about that go here.
This requires a setup that is a little more complicated than the traditional setup. An optimal placement requires your miner to be placed strategically on high elevation next to a window or even preferably on the rooftop. Typically taking up to 2–4 hours to properly set up a Helium miner on the rooftop.
In the case of the M2 pro miner, this would be considered to be a great installation. In literally 4 minutes, you would be able to set up your M2 pro miner. All it takes is screwing 3 antennas and installing them near a window. Plug & Play!
In both Helium and MatchX mining, it’s important to verify your location geographically. In the case of Helium, with over 600k units deployed, it’s important to respect the HEX. There are lots of tools that can predict your location profitability such as Hotspotrf or Hotspotty. If you’re looking to learn more about optimizing a location for Hotspot placement, read more here.
In the case of MXC, tools like MXCmapper can determine if your location is ideal for mining. We will go more in detail about mining restrictions and penalties later in this article.What is the DataDash app.
The DataDash app is what the Helium app is for a Helium miner. The M2 Pro can connect with the DataDashApp which allows users to monitor their mining activity, adjust their mining and staking needs, and withdraw their mined/staked tokens.
What is Miner Health?
Miner health is key point of the concept of POP (Proof of Participation) mining system which allows miners to have the upmost clarity in their mining power. Very important**
MXC has given a grace period of 90 days for all new miners. That means, from the day you plug in your Miner, you have 90 days to learn and understand all of the aspects of your miner without having any reduction in your mining. You will notice changes to your health, but these won’t affect mining until after 90 days.
What impacts miner health?
There are two factors that effect your miners health: Miner fuel and uptime. Let's start with Uptime, which means how reliables your miner is at any given moment. If for any reason your miners goes offline, it will get penalized for being unreliable and inefficient to the network which in turn will effect your mining rewards. Miner fuel is the MXC tokens which can be transferred at anytime. It is absolutely in your control and responsibility to make sure your fuel is up-to-date. MXC doesn't warn or help you in any way. Therefore you should consider the fuel in your cost and make sure you top it off when you start burning or moving it. How much you will get effected will depend on your fuel health. It is pretty significant so we suggest to keep up. It seems like a great way for MXC to keep there tokens in the network.
How many miners can you place in one location?
As of March 2022, new regulation have been in place which no longer punishes 2 M2 pro’s in one location. Ongoing, there will be a maximum of 10 M2 pro miners within 2 KM radius without any penalties of proximity miners. This change means, 11th miner within the 2km vicinity will be affected by a 20% miner health reduction, 12th by 40%, 13th by 60%, 14th by 80% and a 15th by 100% any further additions above 15 would have the same issue as the fifteenth miner. The 2km diameter will be demonstrated within the Data Dash App and will be shown within a hexagonal diameter. This principle is based on a Miner fuel tank basis, meaning if there are10 miners within a 2km diameter, and an 11th wishes to join the diameter of the others within the network then a review of the MXC tank will be made.
There are lots of great Youtubers who have already provided us with great MatchX M2 pro review. If you want to watch a real case study of Azeez mining $110/day with 10 MXC m2 pro watch this video.
Do we think MXC would reach Helium Market-cap?
We thought it was important to compare both market-cap as both projects are in different stages.
As of March 2022, Helium currently has over 600K miners deployed while MatchX has less than 2k. If MXC reaches the market cap of Helium your return would be upwards of 1000%.
With such a low market cap, there is a lot of room for some great returns.
As Kevin Oleary says if you don’t know who’s going to win just invest in all of them.
Why buy from HeliumDeploy? 📦
Located in Montreal, Canada, we sell miners all across North America and internationally. We already the best hotspots brands, best of all, we have them in stock. With the fastest shipping in North America, HeliumDeploy will ensure that you get at the best price. We pride ourselves on the best support team the world has ever seen. Answering your questions typically the same day.
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