Quote from: h311m4n on November 10, 2017, 09:33:54 PM

I'm not an ICO investor. I have never thought it to be a good idea to send my coins and hope to get them back some day.

Anyway, I've read through the whitepaper since I discovered the coin a few days ago. On paper, it looks very interesting. I can see the appeal of the coin. The only thing I'm really not sure about is the mobile mining part. I mean I use my phone regularly within a day and well, the battery does end up at 30-40% most evenings. I don't see mobile mining as something viable unless you keep your phone plugged in a power source.

That said, they idea to basically use your phone as your payment method for everything and the 2 decimal thing sound pretty good to me.

Been mining it for 3 days straight now, even if the price drops, the difficulty seems to drop as well, making this coin very profitable to mine.

I do have my doubts once the token get released to the investors. Correct me if I'm wrong, but the ICO was 0.01$ per token. So even at a current 3ct, I can see the temptation for investors to dump their coins.

We'll see I guess.

The mobile mining is a mobile mining experience, not real mining. The app continually polls your phone's available CPU capacity and emits coins based on that. So the mining experience is very similar to if were mining for real. A faster phone would get you more coins per day. If you play a very CPU intensive game, your phone would emit less coins over the time you played the game.

In addition to the "background" miner, the app will also have some sort of mining education game that aims to teach the masses how mining works. You'll be able to earn additional coins by playing the game and completing levels. The CEO mentioned that the end goal of the game was to get people to start mining with their own desktop computers.

As for the amount of coins you can mine per day, the CEO mentioned that they will control the supply based on number of miners, difficulty, and current price of an ETN coin. He mentioned that they would allow a maximum earning of about $1 of coins per day. However, that would decrease if competition becomes more. This does not sound like a lot to many people, but many citizens of third world countries could eat 3 meals for $1 per day!

The CEO also mentioned that there are two distinct mining pools - one for CPU/GPU mining and one for mobile meaning. Each contains about 7 billion coins in total. The difficulty in one does not affect the difficulty in another.

Not sure how this is going to play out, having a centralized entity control the coin emission algorithm for about half of the total coin supply, but I have faith in them. Richard has had to take tough decisions in the past few days, but each time he took the best decision for the community as a whole.