Is the MxC bitcoin miner a scam

Your only competitor to Helium... So let’s talk about this. With Helium pretty much becoming unprofitable, this project has been getting more attention, especially while the market is taking a hit, and this thing has been climbing. They sell their miner for around 2400 EUR / 3000 USD. As soon as I saw them calling it a bitcoin miner, I got a bad feeling. Like, you can’t mine any BTC successfully with a device that’s under 5W. Checking their GitHub: No sign of any mining code at all, not even a few lines. We should really expose this scam before more people get fooled into buying it... Someone pointed out on Reddit that the device doesn’t actually mine anything. It just proves coverage, and all the rewards come from them. Plus, they have this "FUEL TANK" thing where you gotta lock up your tokens or your mining profits drop. Reminds me of bitconnect. Basically, the rewards are paid out using money from new customers who buy these overpriced 3k miners. This might work for a bit, but we know how all Ponzi schemes end. Look at ring/thor finance and those "nodes." Has anyone actually bought one of these and looked into what software it runs?

I think you already got it figured out. Bitcoin can be profitably mined by some powerful ASICs, not some shitty network antenna. And the token they talk about is MXC, an ERC20 token on Ethereum network. I wonder how mining an ERC20 token works out   This post should be moved to mining (altcoins). It doesn't belong here.