Quote from: JamesAdams on October 06, 2017, 01:33:10 PM

Quote from: boulard83 on October 04, 2017, 01:43:08 AM

Quote from: GoodOne on October 04, 2017, 01:23:19 AM

Quote from: Bittoshi on October 03, 2017, 05:00:11 PM

Quote from: riils on October 03, 2017, 04:45:50 PM

I just don't get the idea of "mobile mined" blockchain. Nothing can prevent anyone from developing a GPU miner for it, where one GPU will beat army of 50 - 100 phone-mining losers Cheesy

Even worse. The dev wrote somewhere that the mobile mining is just some kind of fake. Every holder of Electroneum which uses the mobile wallet will receive some coins over time automatically. So the app should not use much battery power or CPU of the mobile devices. This is just some kind of marketing to increase the number of users of the mobile app.
The real mining (support of the blockchain) will still be done by miners who use their PCs.
But it could work. If the greed for more free coins drives the masses to use the app, all hodlers could profit long term once milliones of users download and use the mobile app.

Can you please provide source where dev mentioned it??

He is right. Mobile mining is "fake", the app will benchmark the phone and reward "somewhat" in relation with the device power but it's not real mining. They do it to get more buzz around the coin, making mining "accessible" on mobile can attract a freaking lot of people to ETN.

Real mining will be done with computer using cryptonight algo. ( same as monero )

Yes, they will reward people on their theoretical share of CPU power to the network. Also I heard that the excess ICO coins will be given to phone miners so that everyone gets at least 30 ETN by the end of the first month even if the phone is utterly crap.

That's actually really shit money lol, but as more and more people will have smarthones, which will only become more powerful, you could actually pay for your phone bills with this, aside from the speculative value it brings to people who buy a shitload of them right now