We are happy to announce that we completed stage one of our challenge and the Phoneum app is used by 1000 users and more than 3000 mining devices worldwide! On stage two we're going to increase the number of devices testing the app. Thank you for the support!
Where can we find any information about the results of this test.
I would be interested in learning more about the following:
1) general description on the mining mechanics
2) utilized power
3) the results, obtained by the users.
I mean that if you look at BTC, you can see that the advent of ASICs made it impossible to mine, using your ordinary PC. If the same is going to happen with the Phoneum, this system will not be that sustainable. Are you using any mechanisms to prevent the same spiral happening in your system?
If you do, what are they?
phone is mining pretty well... power used is extremely low for sure.... the results are fabulous with transactions happening quickly ... maybe the users r less but its super fast ... more importantly phone doesn't heat up at all its s bonus... big time ...