Have you even read this? It's right in your mobile app. It does NOT mine. Please, can you just tell me the source from where in the world you guys are giving out REAL ETN? Are you using ASICs to mine ETN in a whole lot and then distribute?
Although I know you found the info, just one page ago (291 May 04, 2018, 04:14:44 PM) I had replied to the same question you made regarding the source for ETN for the Mobile Mining Experience (simulation). There is plenty of information on this thread, all you have to do is take the time to read it instead of jumping to conclusions like you did regarding ASICs. It just turns into unnecessary FUD because unfortunately some people might think it's true.
BTW, does anybody have any idea at all that from what fund (or from what ETN reserves) they're rolling out the mobile mining payouts, since it's not the actual mining (according to the app details)?
Took me a bit to find this from the first pages of this thread, but they were part of the 12.6 billion pre-mined coins (to cover ICO investors and mobile mining pool):
Hi
contraband any action by dev coz i saw in block1 someone mining 12 B etn. its 50% our max supply and will disturb etn grow.
Look unfair for loyal investor.
Help to bring it to dev team.
contraband any action by dev coz i saw in block1 someone mining 12 B etn. its 50% our max supply and will disturb etn grow.
Look unfair for loyal investor.
Help to bring it to dev team.
21 Billion Total
12.6 premine
8.6 mobile mining pool estimate
5 investors estimate
8.4 left on blockchain