Good day fellas!
After NFT, what will be the next big thing? In just its early stages, seem Phone Mined Coins on trending these days, tho mostly are based on cloud mining/Solo mining and some sorts of simulation mining.
Web3 is what's making name as these moments but as for these coins that can be mined through phone, I don't think so.
They've been known like around 2018 and many projects have introduced that mobile mining but it's not an actual mining and as you've said, it's just a simulation mining, means not a real thing.
Am sure you already came across with
TAUcoin Blockchain lab? Based in Cambridge, UK. They are working on the Phone Mining Coins(PMC) open source technology based on server-less communication and lite energy mining consensus.
I think, I've heard of them before but as what I believe with projects like this, they have made some buzz a few years ago. I doubt that they'll still do the same this time, still, good luck.
PMC technology enables your phone to mine tens of crypto assets independent from linking commercial servers. For example, any phone can mine London PMC, that is exclusive for London in the PMC world. Londoners will see the coin natively living in the app and use them for payment, chat and advertisement. The global phones network will secure and grow the city blockchain collectively.
Yes its already happening, but do you think this will work out? Considering phones' resources while running such a blockchain.
It's just all about the connection from nearby "phone miners" and getting the data from everyone who's in. Honestly, I don't think it will work. PoW and mining requires that much power and using hashrates and power from smartphones won't be enough to secure the network.
Well, it's good to remain as a simulation mining and see how long its hype, if there's any will stay.