Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] ⚡ Electroneum ⚡ Token Sale Sept 14th Mobile Mining Crypto Coin
by
IAmLucas
on 28/09/2017, 10:06:04 UTC
keep my eye on this project.

mobile mining? what's the algorithm

THERE IS NO MOBILE MINING!!
therefore what they so call TWIN ALGO is just a BS!!

read the thread below carefully for dev-team not even dare to show up to tell you all the truth!

https://bitcointalk.org/index.php?topic=2065043.msg22078268#msg22078268

My understanding is it simulates mining. So therefore no resources used on your phone. They just look at the specs of your phone and you get tokens based on that. It is essentially still mining, just a simulation of it. As long as you get tokens for using it that is what mattters. Better to mine like this than melt your phone.

The actual mining will be on PC’s.

Is this actually correct? Just asking. But if it is correct, then it would be much more convinced of the system really being sustainable.

Yes it is correct.


A question about 'mobile mining':

I understand from the whitepaper that it is just a simulated mining and I imagine that the coins you get for your 'mobile mining' have to come from
(A) a pool of pre-mined coins or
(B) someone has to mine them with 'real mining' (as in generation of new blocks and adding them to the chain) and distribute them to the mobile miners.
Is it A or B?

In case of A, is it the pool of unsold coins "bonus pool" in the whitepaper? What happens if you sell all of the pre-mined coins in the ICO?

In case of B: Who is doing that job? For how long ...

Neither A or B

The mobile miners are still mining coins.

It's not just premining a bunch of coins and handing them out to the mobile miners via the game. There is a twin algo with a centralized processor that allows them to mine mobile without burning up their phone.

The bonus pool you are asking about amoumts to only 20 million  put aside for bounties out of 6 billion coins in the ICO, and amounts to less than .00095% of all coins. There is zero premine for the devs.




Contraband which is it? Are you mobile mining or just simulating? Where do the coins come from if its just a simulation?