Mining crypto by walking | Bitcointalksearch.org

Abiky

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Quote from: Pinkris128 on January 24, 2020, 07:15:12 PM

It is really fun to earn cryptocurrency by just walking but it will be very difficult to attract investors in this kind of project because people will just focused in earning cryptocurrency for free that they always keep selling it, without buying it pr investing their money, that is why MangoCoinz failed in the first place.

Yeah. I've figured that a model where you can earn "free money" by walking, will not be sustainable in the long run. Maybe letting users earn minuscule amounts of money (pennies?) over long periods of time, will work? But the underlying cryptocurrency would need to have real use cases for the mainstream world, in order to retain its value for the foreseeable future. As you've said before, MangoCoinz failed because it lacked a sustainable economic model for its survival. Not to mention, it was behind other cryptocurrencies in its marketing/promotion efforts.

If by any chance we're able to see something like this again, it might be in the form of an ERC-20 token. It's much easier for a startup or average Joe to reward people via an existing Blockchain network than making everything from scratch. But I guess that there are other more important things to focus on, besides letting people earn crypto by walking. At least, the idea is there. Making it a reality is another story. With so many ways to earn money with crypto today, there's no need to create a coin/token that would reward users by doing nothing other than walking. Just my opinion

bobyhodob

sr. member

Activity: 1162

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Quote from: nannu968 on January 24, 2020, 10:49:29 PM

A few years ago I read a news like this on "Coindesk"
The main target of this project was mining mangocoinz by working out or physical exercise, they wanted to promotes Fitness.
But, the hilarious thing is, people abuse their system by using washing machine Grin

People used to put their phones in the washing machine and generate a lot of mangocoinz during the spin cycle of washing machine. Shocked

Lmao is that reall ? Cheesy

but if it's true there have been projects that have tried this idea I think they can start a new step and fix their weaknesses
and try to think how so that there will be no longer can found human wasing machines again lol

nannu968

jr. member

Activity: 58

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░N░A░N░N░U░

A few years ago I read a news like this on "Coindesk"
The main target of this project was mining mangocoinz by working out or physical exercise, they wanted to promotes Fitness.
But, the hilarious thing is, people abuse their system by using washing machine Grin

People used to put their phones in the washing machine and generate a lot of mangocoinz during the spin cycle of washing machine. Shocked

Pinkris128

sr. member

Activity: 812

Merit: 262

Quote from: Abiky on January 10, 2020, 09:02:00 PM

A couple of years ago, there was a crypto project named "MangoCoinz" which allowed anyone to earn crypto by simply walking. The app used the smartphone's pedometer to keep track of the steps taken by an specific person. This encouraged anyone to exercise their body while getting paid in return. While this was great back then, the project is no longer being developed. Something like this would've been great to have in the mainstream world today, but I guess there was lack of demand for it back then.

I'd hope that someday a new dev team takes charge of the "MangoCoinz" project or simply create a fork of their own, to allow people to "mine" crypto by walking. It's completely revolutionary way of doing exercise while getting paid in return. Maybe launching an ERC-20 token with its own app will do the trick? Whichever way it is, I look forward towards the revival of an app that would work just like "MangoCoinz" did in its early days.

Do you think something like this will be viable in the future? Huh

It is really fun to earn cryptocurrency by just walking but it will be very difficult to attract investors in this kind of project because people will just focused in earning cryptocurrency for free that they always keep selling it, without buying it pr investing their money, that is why MangoCoinz failed in the first place.

mirgo1791

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Activity: 1022

Merit: 10

we have similar service as the label with the project set with the name of DOGEM. as users might gains of returns with decision on entrance into the field of the dogem and managing plan as expecting use of returns with satisfaction as the relation with parties of the selection.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: ATSgrowth on January 17, 2020, 04:13:20 AM

It is a good idea to get paid for walking, but who will buy these tokens? What will be the use case for tokens? You can earn tokens, but nobody will buy tokens from you - thats mean that you not earned money, just some points.

Good point. There might be no use for something that rewards you by simply doing nothing other than walking. It's important to keep in mind the use cases a cryptocurrency will bring, in order to take it as a serious investment for the long term. For the end user, getting paid while walking is a fun and rewarding task. But it's terrible for the sustainability of the underlying Blockchain network. Maybe that's why MangoCoinz failed in the first place?

I believe that something like this works best in a form of a token (ERC-20) than anything else. To keep the longevity of the crypto project, the dev could decide to give a very small reward to its users by walking. That way, the sell pressure will be reduced allowing the coin to maintain its price across the market. It would be something similar to a crypto faucet where you get paid fractions of a penny by just spending hours on it. At least, the idea is there. Making it something viral or popular within the mainstream world, is another story. Rewarding users with free coins by walking could turn out to be beneficial for the mainstream adoption of Blockchain technology. But I guess that there are other more important things to work on, besides this. Just my opinion

MiraMiraMira

jr. member

Activity: 113

Merit: 2

It is great that this project exists. Perhaps vehicles will be stored. Everyone will keep a clean environment

Aikidoka

sr. member

Activity: 1078

Merit: 342

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I've already heard about the app "MangoCoinz" before, but I didn't know that the project is no longer developed by now, I hope that the team come back and develop it again because it's really amazing to earn crypto by just walking, anyway, I have been using an app since 4 months which it's in the same concept as MangoCoinz, it's called "Sweatcoin" which it's available in the app store and play store as well. I've just earned really a good amount of coins as far as now, I really recommend it for people here.

Zionatin

sr. member

Activity: 906

Merit: 263

There is an app called sweatcoin and you walk to earn sweat coins. The newest update allows your steps to even be measures whilst indoors so you earn while walking around your house too. Have a look here :
https://play.google.com/store/apps/details?id=in.sweatco.app&hl=en_USA

You can also donate your coins charity. Keep in shape and earn.

naruto7676

jr. member

Activity: 318

Merit: 1

Kinda interesting but in my own opinion, it is really a great way to innovate mainly you can actually mine and earn crypto by just walking and it is a great way to encouraged people to do exercise everyday. But on the otber hand, this kind of projects will not make any good investment Maybe the reason why this mangocoinz is dead today because it has no volume that no one is trading with it. So leaving one alts name that mamy investor might interested amd this alts called Aci coin.

JC btc

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Activity: 770

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Quote from: ATSgrowth on January 17, 2020, 04:13:20 AM

It is a good idea to get paid for walking, but who will buy these tokens? What will be the use case for tokens? You can earn tokens, but nobody will buy tokens from you - thats mean that you not earned money, just some points.

That's the question, lol, who will be interested with this and what will benefit them from investing on it. That's why we really need to be extra careful, we should not just attract with the use case and how easy we are going to earn, because it's easy to have those tokens, but who will buy it? Let's think well before we invest.

tungaqhd

hero member

Activity: 1540

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Quote from: Abiky on January 10, 2020, 09:02:00 PM

A couple of years ago, there was a crypto project named "MangoCoinz" which allowed anyone to earn crypto by simply walking. The app used the smartphone's pedometer to keep track of the steps taken by an specific person. This encouraged anyone to exercise their body while getting paid in return. While this was great back then, the project is no longer being developed. Something like this would've been great to have in the mainstream world today, but I guess there was lack of demand for it back then.

I'd hope that someday a new dev team takes charge of the "MangoCoinz" project or simply create a fork of their own, to allow people to "mine" crypto by walking. It's completely revolutionary way of doing exercise while getting paid in return. Maybe launching an ERC-20 token with its own app will do the trick? Whichever way it is, I look forward towards the revival of an app that would work just like "MangoCoinz" did in its early days.

Do you think something like this will be viable in the future? Huh

I think this is not a good idea because smartphone pedometer can be faked by modifying sensor signal in virtual devices. It will be cheated like pokemon go.

Smitty Werben Man Jensen

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Activity: 1568

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COMBONetwork

Quote from: Tduty on January 17, 2020, 04:04:57 AM

The idea is unique but I don't think this will be accepted well. Earning good money through Mining is not that easy, mate! Mining by walking means you have to have an app on a smartphone, right? So, it's another mining by smartphone project! The profit is very limited but the damages are high for a smartphone, so, I am not interested!

now Samsung and HTC have also started to make crypto-based phones, if I can buy Bitcoin or other altcoins with mobile phones, I will buy it, but it looks like the specifications that must be available for these phones must be really support, the price will definitely be expensive

ATSgrowth

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homt.net

It is a good idea to get paid for walking, but who will buy these tokens? What will be the use case for tokens? You can earn tokens, but nobody will buy tokens from you - thats mean that you not earned money, just some points.

Tduty

member

Activity: 448

Merit: 21

The idea is unique but I don't think this will be accepted well. Earning good money through Mining is not that easy, mate! Mining by walking means you have to have an app on a smartphone, right? So, it's another mining by smartphone project! The profit is very limited but the damages are high for a smartphone, so, I am not interested!

Eugenar

sr. member

Activity: 1274

Merit: 278

Here's a question, what if there's no people will run to mine cryptocurrency of them? IMO, it might be bad as in cryptocurrency, we need consistent mining to have transactions be efficient in a daily basis, or else, they still have mining facilities and nodes to operate while there are people using their app.

Last option is instead of mining, what about a faucet of crypto that will surely attract people to be healthy and walk everytime knowing that they could save fuels and will earn at the same time.

marilynmanson21

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Activity: 1260

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it would be better if you explain in detail about the products being developed, how can we mine just by walking?
okay, maybe it's good for us to make us passionate about walking, but if there is no detailed explanation, according to me, it's like an idea, it won't be realized,

Ucy

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I like the idea too... though I haven't tried it before.
It could be viable if well built. The developers probably need to take into consideration the possibility of people cheating to earn and dump.
Lots of things will need to be put in place to keep people on the network...like a marketplace, a social media for joggers/runners/sports people etc..

How about mining difficulty? I guess if it becomes difficult to mine, people will stop exercising.

TastyChillySauce00

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Quote from: letyouearn on January 16, 2020, 07:22:55 AM

Don't quite understand all these ideas of "mining by walking", "mining by playing", mining by "feeding your neighbour's dog"... What's the point seriously? I think this is funny but nothing more. No real value.

A way to motivate person to do something by rewarding them few cents for a whole month I guess. The team that created such project I could assume are people who are doing it for fun and there's nothing more to it. Even "mining by walking" doesn't make sense at the slightest. If mining in blockchain means solving math problem through the use of computing power, how walking around the neighbourhood could solve a math problem let alone millions of it.

ashmodeus

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Activity: 1638

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its will not have a value,i am sure.
"by simply walking" pfffttt.
its soo easy to cheated system, although the project have a great started,its just for a short time,when greedy people see it, i am sure there can be manipulated.

Topic: Mining crypto by walking (Read 964 times)