So, this is the second miner that has been produced by MatchX. We’ll cover the specs of the device in this article and what you can expect from this miner. If this is anything like the M2 Pro (article here) — the other miner produced by MatchX — then we could have another high return miner that ROI’s in less than 12 months……

First of all, lets start with the cost. This always plays a big part in the decision making process so the NEO retails for $550/$495/£430 from MatchX — OBVIOUSLY, I have an affiliate link that gives you €25 off which you can find here. This is MUCH cheaper than their M2 Pro but not only is the price different, the way this miner functions is different too.

NEO by MatchX!

This miner is an indoor miner. It’s plug and play which means there is very little effort required to onboard the device and start earning rewards.

It also aims to sit quietly in the corner of your room and cost you very little to run. It consumes 1W, or over a month, somewhere around $0.20. That’s less than a light bulb, and as you can see from the graphic below, FAR LESS than an ASIC. Not only does it cost less, but if you already have experience with GPUs or ASIC miners, you also don’t have the challenge of trying to get rid of the heat that GPUs/ASICs produce!

Not only is the NEO super energy efficient, but it’s also near silent. It produces less than 1dB so, you won’t hear it either.

How does it work and how do you get rewarded?

Well, this miner rewards your in MXC and DOGE for your participation. It doesn’t actually mine DOGE like an ASIC does but there is the ability to get rewarded in both tokens. MatchX haven’t released the specifics yet but you will likely need to bond (or stake) MXC tokens in order to be rewarded in both tokens.

The device itself is centered around Proof of Participation, you get rewarded for participating in the network. It has a 4km network reach but unlike the M2 Pro - which aims to create a wireless network — the NEO provides a method of authentication for physical and digital goods. It essentially allows the ability for people who use the network to verify the authenticity of NFTs and, potentially, many other goods later down the road. N3XUS is the first use case for this, more information can be found here.

Other positive factors?

So beyond being cheap to run, quiet and being easy to setup, what are some of the other positive factors?

• The team are visible, public and they provide regular updates on the project.
• MXC — the native token — is ranked #295 on CoinMarketCap and #335 on CoinGecko with a $85,000,000 market cap
• MXC is listed big reputable exchanges- Coinbase, Kucoin, Kraken & Binance.us
• M2 Pro — their other miner — has also been successful for me

But is it all sunshine & rainbows?

Well, I’ve talked a lot about the positive factors but it’s only fair that I balance that with the unknowns.

• It’s not clear what the reward structure is to participate.
• There’s no ROI data as it’s not publicly available yet
• If like the M2 Pro, rewards reduce if you withdraw, then you will need to be comfortable that this is a long term project and you need to have a strategy in place to deal with that.
• It’s not clear whether this authenticity/authentication network will be successful

Will I be taking the risk?

Yes. As I mentioned earlier in the article, I’ve already had success with the M2 Pro and people that got in far, far earlier than I did have made some substantial money.

For me, the potential rewards outweigh the risk of spending the money so I’ll certainly be adding this to the miners I already have and once it’s here, I’ll follow up with my initial thoughts and the ROI as time progresses!

As I mentioned at the top of the article, if you are interested in pre-ordering a NEO, then you can get $25 off with this link here

Affiliate Links

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?