Download MyWi 4.0 to use your iOS 4 iPhone as a Wireless Hotspot

MyWi is a wireless tethering app which lets you turn your iPhone into a WiFi hotspot with just a touch of button. Now the updated version of it, MyWi 4.0 supports iPhone with iOS 4 GM.

What MyWi 4 do is, it enables you to share your iPhone’s internet connection with multiple laptops or mobile devices on Wi-Fi. It also has WEP Security features so others can’t access your WiFi Hotspot. This app alos works on iPad 3G device.

MyWi 4 New Features and Improvements:

• Faster performance
• Lower battery consumption
• Choose the In Use Indicator that you want:
• Status bar icon (no battery use)
• Blue pulsing bar (10% – 15% more battery)
• Adjust the WiFi transmit power (Between 30% and 100%)
• Battery consumption meter
• USB Bridge mode. (Connect your laptop over USB to the phones 3G or WiFi connection!), Finally make use of all that free WiFi you iPhone/iPad gets.

Original Features:

• Create WiFi Hotspot to connect multiple laptops or mobile devices to share your iPhone”s internet connection
• 40 bit and 104 bit WEP Security to prevent others from accessing your WiFi HotSpot
• Ability to enable USB Tethering on your iPhone
• Broadcasts the network Name (SSID) – no need to fuss with creating an adhoc network on your laptop
• Shows up and down bandwidth usage

You will need a jailbroken iPhone to use the MyWi 4 app. To get started, first go to Cydia, search and download Rockapp. Now from the Rockapp, download the MyWi 4.0.

You can buy and download MyWi 4 app from the Cydia  for $19.99. if you already have purchased MyWi for OS 3.x, you can upgrade to MyWi 4 for iOS 4 for $9.99. There is a also free 10 day trial for everyone to try.

[via modmyi]