Am I correct in thinking that the amount your phone will "mine" is based on the amount of coins you hold in your wallet?
No. The coins that you have doesn't matter. It is not like POS(proof of stake)
The app will run a benchmark, and depending on the results, you will get coins..
Like mining. The more power you have more coins you get.
Remember that the app will not stress the phone.
That is weird. Are you sure?
Why base the mining rate on benchmark if there is no actual mining? Why even style it as "miner"?
I think the mining rate it's based on benchmark just because the the phone it doesn't do anything, and if you have a good phone you will "mine" with greater speed, and if you have a not so good phone you will mine for less coins. It's like mining for BTC with greater power and speed you get more.
I wouldn't want my phone to really mine for any coin, I need it to be a cordless phone not "always plugged" phone, so I think that benchmark is the best way.
Good thinking devs!
I hope that you understand.
Have a great one!