Quote from: glerant on September 28, 2017, 08:30:24 AM

Quote from: samy_voc on September 17, 2017, 10:24:30 PM

Hello All,

Came across this Electroneum ICO . It looks like, it is for gaming purpose. any insights about the ICO and future.

It's certainly not Britains first crypto - memory may be failing but feathercoin, piggy, gamecredits, britcoin etc etc

How do they intend to make phone mining sensible or worthwhile? Miner will get cracked and will be done by botfarms making mining for phone users a nonsense. This happened over and over starting with quark and on to the cryptonotes.

Have you read how the mobile miner is functioning? It is allocating coins to the user when the user runs the app, based on a twin algorithm; that way you cannot add blocks to the blockchain with the mobile mining experience (Hence the experience - it is sort of a simulation). It will never be profitable to run a botfarm with phones at all compared to desktop mining in this coin.