Post
Topic
Board Altcoin Discussion
Re: I found two projects claiming to enable running full nodes on mobile phones
by
zityx23
on 25/10/2022, 13:15:02 UTC
Two projects I found claiming the ability to run nodes through mobile phones. I want to know your take on this ( not without carefully studying each project). Don't wanna read uncreative comments like energy consumption, resources. it's obvious that they had take it as well in perspective. I'm more concerned with their security and market sentiments with their features. What are the two projects? Minima and taucoin.

What do you think are their pros and cons. Where are they similar and different? Where can they improve more? Are their prospect market available right now or in the future?

I don't want to know the names of those projects. Just want to share a very basic perspective. If some coin is very easy to earn and can be done through mobile phone without wasting electricity, will anyone spend money to buy those coins? I guess no! Why bitcoin has value? It's because it takes a lot of money and effort to generate bitcoin so it has a production cost attached to it.

Easy to achieve things never becomes valuable.

This is a very good perspective. The idea of cost vs value. But when you think about it, mining bitcoin 12 years ago was basically easy as well. Anyone, and I mean anyone, can mine it. Tools are cheap and any pc/laptop can mine it during that time. Of course it is quite different now. But the idea of mobile mining should be reducing resources to generate decentralized ownership.

And yes I agree that even though such mobile mining will exist, the market is not ready.