Project information
MiB coin is a mobile mining-based Blockchain that has built an ecosystem that minimizes Blockchain network maintenance. At this stage, we would like to introduce MiB Coin, which will provide an opportunity to participate in mining and communicate with a large number of companies as "who would, where and when" using a mobile device through the innovative SmartX blockchain platform. The MIB Coin blockchain network is supported by the smartphone hash. Assuming the smartphone is running 24 hours a day for a year, it will use about $ 10 of electricity. Compared to the energy consumption of existing blockchain miners, this is a 99.24% improvement, offering greater environmental friendliness, lower cost and higher availability. This decision will improve the participation of the mining industry in areas with unstable electricity production, such as Central Asia, Africa, South America and South-East Asia.
About
As the success and growth of blockchain-based cryptocurrency has proven, the future will witness a decentralized, efficient and comprehensive global ecosystem. At this stage, we would like to introduce MiB Coin, which will provide an opportunity to participate in mining and communicate with a large number of companies as "who would, where and when" using a mobile device through the innovative SmartX blockchain platform. The MIB Coin blockchain network is supported by the smartphone hash.
Assuming the smartphone is running 24 hours a day for a year, it will use about $ 10 of electricity. Compared to the energy consumption of existing blockchain miners, this is a 99.24% improvement, offering greater environmental friendliness, lower cost and higher availability. This decision will improve the participation of the mining industry in areas with unstable electricity production, such as Central Asia, Africa, South America and South-East Asia. Even in countries where extensive mining takes place, the SmartX blockchain network can lead to a significant reduction in extremely high energy consumption rates, which often causes social problems, resulting in savings in the social costs required to maintain the blockchain. The characteristics of the MiB Coin ecosystem are as follows. First, mining no longer requires expensive hardware, CPU, graphics Card or dedicated machines (ASICS or GPUs).
Greater opportunities to participate in mining give more countries and people with smartphones that are already available around the world in billions. This means overcoming the technical limitations associated with the transition to universal ownership, and is a starting point, as well as a necessary and sufficient condition for the cryptocurrency to really function as a currency.
With the replacement of the coin market, which is occupied by some countries, a smart and generalized mobile environment, the population as a whole, distributed in more than 100 countries, can now become miners and users. This will create a blockchain that matches its original purpose as a distributed Ledger and therefore its value must be recognized. Second, the problem of polarization, characterized by concentration on specialized mining firms or on specific countries, can be solved through distributed mining. Currently, mining activities are heavily biased towards specific countries only, and such polarization reduces the functionality of the blockchain, as well as its value as a currency.
If the value of mining increases and the payback period is further extended, this means that the cost of blockchain maintenance increases and can lead to its collapse in the long term. Therefore, to maintain a stable network, it is necessary to find a more advanced technological solution. Third, changes in mining trends focus on environmentally friendly, low-energy methods with social contribution plans.
Here is a simple comparison of the power consumption required for mining.
S9, a miner from Bitmain requires 1,350-1,500 watts,and an 8-band GPU from Supermicro requires 800-1, 300 watts.on the contrary, the smartphone requires only 7-10 W, which leads to 99.24% savings, approximately.
It is no exaggeration to say that the mobile environment will provide the least energy consumption among all existing coin mining environments. Fourth, the SmartX Blockchain network (SBN) can support a low cost network.
Some of the features available with the GBS are: issuing a functional token through our platform, a smart contract that concludes contracts between two or more parties and performs verification, mobile money transfers that can withdraw cash through an ATM and transfer money through smartphones, access to digital content such as games, music and movies, and booking tickets to more than 200 offices. SBN's capabilities and future value are due to the following features: it is equipped with both blockchain platform and auxiliary currency functionality, can create and expand an ecosystem, share its system and offer a low-cost, high-performance network. This is the vision of MIB Coin.
Team MIB
MiB coin is a mobile mining-based Blockchain that has built an ecosystem that minimizes Blockchain network maintenance. At this stage, we would like to introduce MiB Coin, which will provide an opportunity to participate in mining and communicate with a large number of companies as "who would, where and when" using a mobile device through the innovative SmartX blockchain platform. The MIB Coin blockchain network is supported by the smartphone hash. Assuming the smartphone is running 24 hours a day for a year, it will use about $ 10 of electricity. Compared to the energy consumption of existing blockchain miners, this is a 99.24% improvement, offering greater environmental friendliness, lower cost and higher availability. This decision will improve the participation of the mining industry in areas with unstable electricity production, such as Central Asia, Africa, South America and South-East Asia.
@pa1nxgod Nice