To meet user's demand in mining ETH and BTC, MXC rolls out ETH NVIDIA Mining Machine (TETH) and TBTC - cloud computing power rental service in the 7th SpaceM. The details are as follows:
I. Product Introduction
Product name: ETH NVIDIA Mining Machine (Referred as “TETH”)
Proof of right: 1 TETH stands for 1 NVIDIA mining machine with 256M±5%, 850W.
Amount for sale: 50 TETH
Participation: Join SpaceM "Mainstream Crypto Round for TETH" lucky draw to acquire the purchase right
Sales price: 1 TETH = 3718 USDT
Delivery time: Jan.20, 2021. (The postage will be borne by MXC)
TETH only stands for the purchase certificate for ETH NVIDIA Mining Machine. It is unavailable for deposit or transaction.
No matter what the price of ETH will be, the price of mining machine in the activity will not change.
Since the machine is large, the delivery time will be determined by the logistics.The postage will be borne by MXC.
For overseas users, MXC offers custodian service for the mining machine (electricity fee: 0.37 RMB/KWH + Install fee 20 RMB/set + electricity fee deposit)
Risk tips: It only support Ethereum consensus mining. It is also available during Casper FFG period, but when Ethereum mining completely converts to POW consensus, the machine will be unavailable for mining ETH. If so, users can use the machine to mine ETC, XMR, etc.
Product name: BTC cloud computing-power rental service (referred as: TBTC)
Proof of work: 1 TBTC means 60 day’s PoW mining right for BTC at rate of 1T/S.
Amount: 5000 TBTC (1 TBTC means 60 day’s PoW mining right for BTC at 1T/S)
Participation: Join SpaceM lucky draw to acquire the right.
Price: 1 TBTC = 13.2 USDT
Pricing standard: based on the cost on mining machine, electricity, custodian, etc.
Yield asset: BTC, distributed daily
Est. APY: 200% -400%
TBTC is only the certificate of BTC cloud computing power for mining BTC. It is unavailable for deposit or trading.
The BTC yield will be distributed daily. If there’s special situation, it will be postponed to the next day. The mining will start on Jan.15 and the yield will be distributed on the next day.
Due to price change and mining difficulty, the actual APY may lower than the est. APY.
Lucky-draw format is adopted for this session of SpaceM. The schedule is as follows:
The more the trading volume, the more tickets a user can claim. (see the form below)
II. MX Round for TBTC
Sales price: 13.2 USDT
Sales amount: 5000 TBTC
Allocation per winning ticket: 2 TBTC
Eligibility: Users with MX position during 12:00, Jan.2 – 12:00, Jan.11 (UTC+8) meeting minimum requirement are able to claim tickets. The more position, the more ticket.
Lucky Draw Detail Processes:
1. Eligibility: There are "Mainstream Crypto Trading Round for TETH" and "MX Round for TBTC". Users whose trading volume or MX position meet the min. requirement above are able to claim lucky draw tickets.
2.Ticket-claim time: 10:30 - 17:00, January 11 (UTC+8)
Please note that the ticket number is ranged from 00001 to 99999. Users can draw a number of tickets based on the holding amount or trading volume specified above. Each user can get a number of tickets.
3.Draw results will be released at 19:00 (UTC+8), January 11. Participants can visit the MXC SpaceM page to check if they get the lucky number or not.
4.Settlement time: MX and USDT token will be used for the exchange TBTC right certificate. The system will deduct the MX and USDT token from the winners' account at19:30 (UTC+8), January 11. Therefore, winners shall have enough MX and USDT balance (except the frozen MX and USDT token) to exchange TBTC right certificate before the time there. Otherwise, it will be deemed that the participant gives up the chance by himself.
The amount of MX to be deducted for MX Round for TBTC = (Number of winning tickets *1*13.2) / 0.1412
The amount of USDT to be deducted for Major Cryptos Trading Round for TETH Mining Machine = Number of winning tickets *1* 3718
*MX exchange price is determined by the average closing price during Jan.5 - 9th.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MXC Exchange will make best efforts to choose high-quality coins, but will not be responsible for your investment losses.