Hey good for you. It is so easy to get caught up in a good overall idea, and not research the bejasus out of each and every part yourself.
Now for the paranoia bit: are you quite sure that chip expert didn't pull the wool over your eyes?
Don't delete this thread. It's a record of how you did at that time. Can you now adapt? Do it differently next time?
But first, rtfm (mpoe told you so)
Thanks railzand. The mobile mining was never a core part of the business model in any case (we only started looking at it when we first read that MIT article - and by then our PC app had been live for a year), so it means we've only lost the 'unexpected bonus', as it were. Unfortunate, but not game-changing. The chip expert checks out completely, by the way.
We can certainly adapt, sure. We're now looking at what a scrypt multi-miner could do on mobiles, for example. We know it won't be that lucrative, but as the app will already be doing the web-crawling and internet diagnostic stuff anyway, and it's really no trouble to add other functionality, it's worth doing even if each device can only earn a few pennies per week. We'll see.