How & Where to Buy Maximine Coin (MXM)
Use Maximine Coin: Ways to send & spend MXM
Maximine Coin Price & Information
Current MXM price and historical price chart
What is MaxiMine?
MaxiMine is a cloud-based mining company that allows anyone to partake in the revenue created through its operations by purchasing stakes using their MXM token. MXM is an Ethereum-based token which serves the native currency of the MaxiMine investment platform. The company has several mining farms in China and switches between different coins based on their current mining profitability.
History of MaxiMine
In 2013, MaxiMine CTO, Hua Cai, started his own bitcoin mining farms in Inner Mongolia, Sichuan and other areas of Northern China. Since then, these farms have expanded steadily and are well on their way to achieving his vision of a global presence. With several years business expertise and technical competence in the field of running mining farms, Mr. Cai aims to build his MaxiMine project into a global venture. MaxiMine was first introduced to the public on April 3rd, 2018. Its ICO reached its hard cap and raised a total of 80,000 ETH and it was listed on its first exchange, HitBTC, on the 28th of June. It was listed for trading on the exchange by August 8th, 2018 and surpassed a market cap of $39 million in December of the same year.
How MaxiMine Coin Works
MaxiMine is a cloud mining company that differs from traditional cloud mining operations in that it does not sell or rent hash power, but instead creates liquidity in hash power and equipment through the use of its tokens. Thus, users purchase tokens in order to partake in a share of profits accumulated by the company each quarter. MaxiMine owns a number of mining farms situated in northern China, where the cost of electricity is cheap, and the climate is cold, allowing them to save money on cooling costs. The first mining farm built holds 40,000 Antminer S9i 14T miners, as used to mine coins with the SHA256 hashing algorithm (like BTC and BCH).
Why MaxiMine Coin?
As far as cloud mining operations are concerned, MaxiMine offers several advantages, some of these include:
Fair and robust network. MaxiMine’s Hashing Power Credit System bears similarities to a Proof-of-Stake algorithm, in which holders of MXM can stake their tokens on the platform to gain rewards proportionate to the amount staked that are generated by the mining pool.
Multi-token mining. The manual mining of cryptocurrencies requires miners to own their own rigs that mine specific coins only. For example, ASIC mining hardware developed for Bitcoin cannot be used to mine Ethereum. MaxiMine will allow its users to switch between different tokens and mining pools to allow for the maximization of profits and returns.
Mega economies of scale. The MXM tokens brings its holders entry into the MXM Global Miners Alliance community, allowing them to leverage the operational and management expertise of its leaders, who come together for the goal of being the biggest non-bitcoin mining pool.
State-of-the-art mining equipment. Because of its pre-existing stature in the mining community, MaxiMine is one of the first to receive prototypes and early releases of advanced mining rigs, such as the Bitmain ASIC for Ethereum. MXM tokens provide holders an opportunity to be part of mining hardware partnerships of which outsiders are not allowed access.