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
Sorry, I admitted that before and will again admit that I asked the same thing again, should've searched the past few pages. Moreover, I'm now pretty sure about this as well that team is working against ASICs and will sooner or later find the solution for it. As I initially thought about the connection between ASICs and mobile app, it's not like that. The team does have a pre-mine to pay for mobile app (so-called miner) payments, and it will use that.
However, the final thing I can say about this project is, it has collected too much and provided too little in return. That's all. They didn't hide anything from the very beginning, and did keep things crystal clear, but those, who did think that the mobile miner which they're building will actually be something that mines on mobile phone, were fools (like myself). Those people should've at least investigated a bit about the mobile phone miner before considering it a big project. The mobile miner app is actually a counter, not a miner.