The World-First SmartPhone-Only Mining Blockchain Technology + Distributed Computing Technology Low-Power Mining Platform for High-Scalability MIB stands for Mobile Integrated Blockchain. Our Blockchain Network is based on SmartPhone device which is the most widely used device with unlimited functionality as it is called the Mobile-PC. Anyone can download MIB APP on their SmartPhone to start Mining and exchange their Mined MIB Coin. The Mobile SmartX Blockchain Platform (MSXBP) enables various payments and transactions on Mobile Environment. MIB Mining no longer requires CPU, GPU, or ASIC and any other costly mining equipment. MIB Distributed Mobile Blockchain System provides High-Efficiency Blockchain Network on Low-Cost. Existing Cryptocurrencies have been highlighted socially and economically while their excessive energy consumption has been growing into a social problem. None of other Cryptocurrencies have brought a solution to the problem despite the evident side effect that the future of Cryptocurrency will have to face. Now we have brought solutions and results to this problem that no one has tried before through the development of our Mobile Mining type Coin, MIB.
What Is MIB COIN ?
MIB COIN is a new blockchain development, which is created to enable users to mining crypto currency using smartphone without using additional means. This development offers a new application with the help of which users will be able to engage in the mining of crypto currency. In order to begin, you need to perform actions in only a few steps. This application just needs to be installed on your smartphone, after which you begin to mining the MIB token, choose the necessary payment method from the provided list. When using this application, the smartphone can not be damaged from overplaying.
The company sets a goal giving the opportunity to every person who wants to mining crypto currency. This is an absolutely eco-friendly, low-energy, reliable method for energy-based mining. In addition, it does not require large expenditures. All processes performed during the MIB mining can be controlled by the user, so the user can independently distribute the hash speed.
How Does It Work
How do you mine cryptocurrency on smartphones without dedicated expensive equipment?
Firstly, lets define what a HASH rate means: In simple terms, a hash rate can be defined as the speed at which a given mining machine operates. A higher hash rate is better when mining , it increases your opportunity of finding the next block and receiving the reward and at the same time requires a huge amount of energy like we discuss earlier and very very expensive. Moving Further,
Anyone can mine with a smartphone. Benchmark your smartphone and allocate a hash rate. MIB is designed so that your smartphone is able to withstand the computational complexity required for mining and protect your smartphone from overheating and damaging the hardware. It`s possible with one smartphone.Reduced power by 99.24% compared to existing mining machines.
All you need to do is download the APP, MIB Coin Mining App for Android version is now running on TestNet and you can download it on Google PlayStore. https://play.google.com/store/apps/details?id=io.mibcoin.miner
MIB SmartX Blockchain Platform Structure:
- It is not a dedicated mining machine (ASIC or GPU). It is mining on the smartphone.
- Mining that was exclusive to only certain countries and companies are now available to all. Everyone can participate.
- An eco-friendly, low-power energy-based mining method solves excessive power consumption issues.
- Keep it at a minimal cost instead of existing high cost blockchain networks.
- In addition, a variety of tokens will be created on the SmartX Blockchain Platform MIB platform.
Token name: MIB
Platform: SmartX Blockchain
Token price: USD 0.5
Total supply: 600,000,000 MIB
Public ICO: Jul 20, 2018 ~ Aug 10, 2018
MIB Allocation
50% of MIB Coin is allocated as Smart Mining and is available to anyone easily.
27.51% of MIB Coin is used for the maintenance and management of MIB’ network ecosystem. More specifically, 11.67% for Reserve and 15.84% for Extra Marketing.
22.49% of MIB Coin is distributed to MIB Pre-Sales, ICO, and the stakeholders. More specifically, 5.83% for Pre-Sales, 8.33% for ICO, 3.33% for the investors, 3.33% for the advisors, and 1.67% for the team are distributed.
Use of Proceeds
35% will be kept in capital reserves
35% will be used for technology development of SmartX Blockchain, Smart Contract, DAPP, token platform, connected platform and security.
10% will be used for the operational cost of marketing, accounting, legal and regulatory purposes
10% will be used for MIB’s global marketing, social media and branding
10% will be used to establish strategic partners, offices, and business development around the world.
Conclusion
None of other Cryptocurrencies have brought a solution to the problem of minings despite the evident side effect that the future of Cryptocurrency will have to face.
MIB have brought solutions and results to this problem, I like this project a lot and surely believe it will benefit everyone.
For more information, please visit the link below:
Author: Radent Raffi
Website: http://www.mibcoin.io/
White paper: https://drive.google.com/file/d/1V0J0kHNkpMDcPCZEGVtZhbAA_UAsfijl/view
Twitter: https://twitter.com/mibcoin
Facebook: https://www.facebook.com/mibcoinio/
Telegram: https://t.me/joinchat/DNeZgA-RivbU3EOQfl-wIQ
mytherwallet: 0xb7cA53C6b42E6B8a5bEFA6d3C4B24Bf8ce6c82bD