Quote from: @Hakermania@ on July 23, 2017, 11:16:39 PM

Quote from: Mrrr on July 23, 2017, 10:58:03 PM

Quote from: c1ph3r513 on July 23, 2017, 09:28:30 PM

OK so i am looking at etherscan at this "self mining contract" everything checks out in query's against source however I have no live TX data from the mining side and maybe i dont understand but my balance for eth increase is almost nil. can someone help me understand this? also i am seeing a lot of contract errors across multiple addresses calling "Bad contract function" on etherscan.io

Minereum is a hack in so far that it does something ETH wasn't supposed to be doing. Each 'genesis address' was awarded with 32000 unspendable tokens which become spendable at a rate of ~1,5 token per day.

What Minereum dev did by creating this is making a token which is mined on top of ETH blockchain at a fixed reward per block. Hence the 'self-mining' monicker.

Minereum is mining off of the ETH blockchain. Rewards come per block. There is a fixed supply. Its no different than any other coin apart from that it does not need hashing power.

it is great dont need to spend money on hashing power

Or not so great because coins derive their value from hash power invested.