I've heard rumors that Electroneum isn't really utilizing your phone's power to mine directly, but it is really just a hyped implementation of proof of stake of your phone.
Can the developers please address this?
Rumours? This has been discussed to death in this thread already. No it does not truly mine using all the resources of your phone. It would be silly if it did as your phone would get super hot and run out of charge in a matter of hours. It simulates mining, there for you end up with the same effect as mining without using battery power. The real mining is done on PC's.
It makes no difference to the end user, they still mine coins all the same without breaking there phone.
There is little point in hyping this coin up as the first crypto to be able to mine on mobiles lol. that is clearly false advertisment.
The point is to have the first coin offering you cloud mining on a phone, so yeah it's really (cloud) mining on a phone, sorry.
Its new, and we can say its most "like" this to us, or seems "like" that to us.
Its new. It measures the power your phone would be able to put towards mining, and then uses that as a benchmark to decide how many real ETN coins you get, without actually taxing your phones power. The best of both worlds.
It can be conpared to other ideas, or we can drawn parallels to perceptions we may have, but it is POW, its brand new and innovative, and its on you to decide where you will enter the bell curve on this project