I am really very interested about this project and want to know more about the mining process how you guys will do it ! what resources will be used on the mobile for mining ! And if this coin is based on mobile mining that means no one can mine it using laptop/ desktop etc .. ? . Because if a coin made to be mined by mobiles it will for sure be overpowered to mine it with desktop . I really like the whole idea and will probably buy some coins later today .
Hi,
Thanks everyone for being involved, it's crazy around here! never run a token sale before and it's a bit overwhelming in the support department!
So - so answer your question - the mobile mining is a mobile mining EXPERIENCE - a great article to read is this interview :
https://www.financemagnates.com/thought-leadership/industry-poised-welcome-newest-cryptocurrency-electroneum/It is covered in the technical whitepaper too, but it's a bit heavier in that! The idea basically is that the desktop (GUI) miner is a FULL miner (and a node) and handles the utility of managing the blockchain - adding blocks to the blockchain and gets awarded coins based on smooth emission algo. Desktop miners earn more and keep blockchain running. They are also fully decentralized.
Mobile miners are NOT downloading the blockchain or doing anything intensive. It's a mining experience. That means it looks like a miner, feels like a miner and pays out a small number of coins like a miner - but actually it's not bringing the utility of the blockchain to the project. We leave that to the full miners (which the mobile miner encourages by the way). What the mobile miner brings to the table is viral growth of the brand. This is still a utility, so we still pay out coins, but instead of the utility being to keep transactions flowing, this utility is designed to encourage mass adoption of the Electroneum cryptocurrency. Each and every app user will have a few coins in their wallet - which will encourage them to start looking for ways to use them. If we can get millions of users (we're also building quite an addictive tap mining game that will ALSO encourage viral spread) then we will very quickly become one of the more recognized cryptocurrencies - which will be good for ALL cryptocurrencies - as you all know, once you are into the land of crypto, you don't just hold one coin, you branch out.
It's something new, it's never been done, and I have a good feeling about it.
Thanks for your interest!
Richard.