My highest paying, $2 electric PER MONTH, plug & play Crypto Miner makes me around $12 per day per device with an 8 month ROI….
So, it’s been a few weeks since my last article. Life, work & Covid have all managed to take over my life which left me no time to do what I have thoroughly enjoyed in 2022, writing about my experiences!
As always, this is not financial advice, please always do your own research!
First of all, let me say that this miner is relatively expensive in comparison to other plug and play miners. At €2,499/£2,000/$3,000 the M2 Pro by MatchX is certainly not cheap but is it worth it? In this article, I’m going to weigh up my experience of the good and the bad after having the miner for nearly 2 months.
I was really sceptical ordering this miner. This is the first time I’ve spent this much on a single device. I’ve built multi GPU miners in the past but no single component matched the price of this miner. So is it worth the money? YES! I certainly think so and here’s why……
- It’s quiet — no, not even quiet, it’s silent!
- It’s cheap to run, my electric cost is around $0.35 per kwh. It uses 6W at peak & 3.5W on average. That’s between $1–$2 PER MONTH!
- It pays like clock work, between $12 — $15 every day
- It’s sooooo easy to setup.
- After 2 months, I have mined €710/$770/£590 that’s around 30% of the price of the miner
- The team are visible and public, there is regular news and updates. Most recently, MXC has been listed on Crypto.com and they have announced that the device will also mine BTC at low power by the end of April!
- The MXC project is an established project. It’s ranked 243 on CoinGecko and 171 on CoinMarketCap.
- You can have 2 miners in the same location without any mining penalties however more than 10 in a 2km/1.25 mile radius starts to reduce mining rewards.
- After ordering, the device arrived a week later. No 6/12 month waiting list….
What about the rewards and profitability?
- You get roughly the same amount in $ every day. Between $12-$15 worth of MXC. If the MXC token price decreases, you get more MXC to make up the difference, if the price decreases, you get less. This is a great way to effectively Dollar Cost Average in to the project.
- I pretty much set and forget this miner. Since purchasing the device in Jan 2022, the price has increased around 20%.
- You have the hardware as an asset.
What am I not too sure about?
- The price of the token has continually increased due to the mechanics of withdrawal. There is a system built in called Miner Fuel. Your mining rewards don’t get paid out to a wallet daily, instead the accumulate with the miner until your withdraw them. Once you withdraw your MXC, your miner fuel depletes and in turn, your daily rewards deplete too.
- The transaction fee to withdraw is 1,204 MXC that’s $120 and around 10 days worth of mining rewards. Partly due to Ethereum fees and partly to reduce the regular sell pressure of people selling their rewards I suspect!
- Whilst it’s great for miners, being able to have multiple miners in the exact same location doesn’t seem to make sense. If I’m providing proof of coverage in 1 location, having 2 miners means that rewards are just being depleted unnecessarily but the good news is that’s $24 per day per location for me right?
So what is my strategy for this project? I have a couple of locations that I’m planning to host M2 Pro miners but I’m not going balls deep just yet! I’m around 30% towards paying off the first one. Once I hit 50%, I’ll buy my second. From there, every time those devices hit €2,499/£2,000/$3,000 in rewards, I plan to withdraw and purchase another one until I have 2 devices in each location. Finally, once I have done that, I’ll look to take out all of the investment and let those devices earn passive income for the remainder of the days. This will then form the basis for further investments down the road.
If you want to purchase the M2 Miner you can get either free shipping with this link. Or, you can get €50 off with this link
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More benefits for you can also be found here: https://linktr.ee/RealisticCrypto
Also, if you want to buy me a coffee or a beer :) :
BTC — bc1qaxaq2q9js89gyzhr0202sxt6hhgchprqjga5px
ETH, BNB, AVAX, SOL , FTM based tokens — 0x3B7B843D8125Fe7eBA541e1D751a4A73f0cFad4c
DISCLAIMER
This is not financial advice, I’m not a financial advisor or accountant or tax professional. This is my experience of software tools that have helped me and my experiences with them.
I do use referral links in this guide. Using these supports future articles so if you found this article useful and you want to check out the tools I’ve covered, please use them. I’ll also call out where you get a discount — win-win right?
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