Crypto has been around for some time now. In a small time, crypto has gained a massive popularity. Mining and crypto, they were always connected from the start. From this huge popularity that the crypto gained, it has led to an unexpected amount of people involved in crypto mining. Currently, there are thousands of people who are deeply connected with the crypto mining and using machines in bulk to make mining successful. Mining takes a lot of high powered and high energy consuming machines. As the mining became more popular, the mining now consumes a lot more of energies than anticipated. In the meantime, the use of smartphone became universal and there are now millions of users. The idea of mining through the smartphone was introduced but It was never fully completed and the mining crypto through smartphones isn't so perfect. The smartphone is a small little device with enough power to do many things. That includes crypto mining if optimized correctly.
Blockchain is still furnishing itself and getting better every day. Many great ideas are born with the blockchain. This time it's about a truly innovative project. It's called MIB or Mobile Integrated Blockchain.
What is MIB
MIB is a project for mining cryptocurrency through a mobile phone. They will use advanced blockchain to make that happen. To mine crypto, hash power is required. In MIB ecosystem, smartphone itself will provide the hash power required for mining. MIB is aiming at an ecosystem where everyone in the world gets the opportunity to mine crypto with less cost and more efficiently right at their daily used device, the smartphone. MIB is especially targeting areas with high energy usage and crypto popularity.
Crypto popularity is bound to grow. Blockchain is still in their infancy. Currently, it's a billion dollar market. In some years, experts predict that the crypto market will become a trillion dollar market. As mining is a great part of crypto, mining will affect how the crypto grows. MIB is allowing everyone to mine crypto in their smartphone with great convenience. MIB project wants to change the concept of how crypto can be mined. Through using the unique ecosystem of MIB, they are creating a whole new purpose for smartphones and how it will be used, especially for crypto-related people.
Crypto World and Inconveniences
Crypto has seen some outstanding growth in the past years. In that time the market value has increased tremendously. Just like that, the mining of crypto has also seen some huge growth. How crypto is growing, if it keeps growing like this there will be a huge amount of energy required only for mining.
Crypto market has seen the biggest growth in 2017. That time crypto market value was less than $10 billion. As the popularity spread, the crypto saw a huge amount of supporter. As time passed, the market value and demand increased. And now the crypto market value is more than $200 billion and expected to reach more this year. In this huge market value, crypto mining had some huge impact.
Crypto mining is never easier. For mining crypto, one has to follow an intense and powerful algorithm. For mining crypto, we have now specifically made machines. Like ASIC. Because of the powerful machines, in some countries, crypto saw a huge bloom. Along with that, it also created many inconveniences and many ideas too. The consequences we face for the drastic crypto mining are too severe. Some of the inconveniences are described below
Energy
Mining crypto requires high powered machines. High powered machines mean more energy required to run them. In some countries, mining saw a huge growth. Some of the places with most crypto usage are countries in Asia, Portugal, Israel, Japan and so on. The increased mining leading to a huge amount of energy usage. The amount of usage of energy to crypto only can even be compared with some countries total usage in a year. This is not only leading to extreme energy usage but also high price. In some countries, the usage of energy to crypto alone has increased by more than 5 folds and it's predicted to increase more in future.
Cost
The cost of mining is a good amount. One has to pay for energy and the machines and much more. Machines are the beginning. Then comes the energy bills, maintenance and so on. When counted all of them, the price is huge. Most expense goes to the energy bill.
Machines
To actually make some profit out of crypto, one needs to invest a lot in machines. One has to buy these high powered machines in bulk hence investing quite a bit. The machines take a good amount of space to place and not to mention energies. People with low invest amount can't make a good profit out of crypto mining as there are many expenses to cover and to take care of. Also, the whole process is very complicated.
Eco-Friendly
The whole process of mining crypto is not fully eco-friendly. It has gaps everywhere. First of all, mining takes an outrageous amount of energy. For example, S9 miner takes 1350-1500 W and 8-way GPU takes around 800-1300 W. Use of this huge amount of power isn't necessarily the environment-friendly as most energy comes from fossil or oil.
Access to Mining
Not everyone in the whole world has the access to mining completely as many countries don't allow that for excessive energy use. This is keeping the market from growing in a way. If everyone in the world gets the access to the mining of crypto, it can have a huge effect in the crypto market.
What MIB Offers
MIB is a project especially made for mining through mobile phones. This is unlike any other project. MIB offers various advantages for crypto mining. Some of them are below
Energy Saving
First, MIB offers the most appealing thing for a crypto miner. Energy Saving. MIB is fully based on the mobile phone. A mobile phone takes way less energy than an actual crypto mining machine. Rather than thousand W, with mobile mining, with MIB it will be possible to reduce that energy consumption drastically.
Cost
For MIB all one need is just the mobile phone. MIB smart blockchain can optimize the system in a way that makes the phone very compatible for crypto mining. This way one is not only saving the cost for crypto mining but also reducing the amount of energy usage. Rather than using thousands of dollar energy for mining, MIB provides a solution for low-cost mining.
Machines
MIB ecosystem requires no heavy machinery such as ASIC or GPU at all. MIB ecosystem will include only the smartphone as the main source for mining crypto. Smartphones are basically everywhere and billions of people use it. One can easily just make their daily used phone as the crypto miner. This requires no investment or large space, nothing and the process is fairly easy to understand.
Accessibility
MIB mobile mining service will be available to the whole world. Means anyone from anywhere in the whole world can use their phone for mining whatever their geographic location may be. This will increase crypto mining popularity along with crypto market value.
Eco-Friendly
MIB ecosystem is completely eco-friendly. Where a normal crypto mining machine takes thousand of W there MID will take no more than 10 W and there's a significant difference to it. So MIB is working in an eco-friendly way and also with very small energy consumption.
Security
MIB ecosystem is completely safeguarded by the blockchain system. There will be no way to abuse the system or steal data or cryptocurrency in any way thus MIB will make sure that everyone's fund is safe and stays where it's supposed to.
Why Choose MIB
There are quite a few reasons why a crypto miner should choose MIB over the traditional system. Some of them are located below
• MIB ecosystem offers a very low energy usage than the traditional system.
• MIB energy usage is less than 99.24% than the traditional mining energy usage.
• To utilize the MIB ecosystem all is required is a smartphone.
• MIB encourages mining through a smartphone with a huge energy saving
• Doesn't require a huge space for setting up mining
• Available to the whole world with no barrier
• Highest security possible for mining
• Easy and understandable process
• eco-friendly unlike traditional mining system
• No investment required
• Can be usable on Android or iOS
• Can be mined from anywhere
• MIB uses smartX blockchain to maintain a lower cost while performing the mining task
• Easily withdrawable
•Maintains a sustainable network
• No GPU, CPU or ASIC miners required
Real-Life Use Case
Person A wants to buy a shirt but he's a very busy man. Recently he acquired the MIB mobile app. So he decided to try the app. While he works the smartphone keeps on mining without any pause. Later he uses the MIB coin he mined to buy the shirt he desired.
Just like this MIB can be used in many different places. While doing their own works one can easily earn some extra with their phone.
Roadmap
MIB Coin
MIB Coin will mostly be used for mining through the app. MIB app will be available on Android and iOS. With the app, it will be possible to mine MIB Coin. It also has some other roles than getting mined.
ICO Details
• Token Symbol: MIB
• Token Protocol: SmartX
• Total Supply: 600,000,000
• Token Price: $0.5
• Soft Cap: $10,000,000
• Hard Cap: $25,000,000
Token Distribution
Conclusion
MIB idea is very different than any other ICO. They are targetting the very core of crypto, crypto mining. They are integrating the whole process to the smartphone which is very innovative. When the project is done and live, it will have a huge impact.
Find out more about how MIB works in these links
Website: https://www.mibcoin.io/
Facebook: https://www.facebook.com/mibcoinio/
Twitter: https://twitter.com/mibcoin
Telegram: https://t.me/mosofficialchat/3
Whitepaper: https://drive.google.com/file/d/1V0J0kHNkpMDcPCZEGVtZhbAA_UAsfijl/view
My Profile
My Name: Mohammad Sakib
BTT Username: Sakib0194
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1841935;sa=summary
Telegram Profile: https://t.me/Sakib0194
ETH Address: 0x8c26fD54c42B06593258b86b9D0F91CC9e5E64e5