Topic: Mining crypto by walking - page 2. (Read 978 times)
It just sad that it was created in times wherein bitcoin isn't that popular yet, this only shows that bitcoin can be easily be mined before. Nowadays, if such app is present I think that a lot will patronize it because all you need to do is walk and you are being paid in coins, you will have the chance to exercise while earning. I also hope that another team will be able to come up with something like this to encourage people to exercise and earn at the same time.
I think it is a new form, rather than suggesting medicine for disease prevention, exercise is the most effective activity for that. maybe in the future, mangocoinz can explore more to get liquidity from their tokens. not only mining on foot or jogging (sports) but also making products that support sports products that help in doing the sport. I think it will be more effective and can be synchronized with each other.
This idea is stupid, it's trivial to create thousands of virtual smartphones that will report that they are moving, and there would be no way distinguish between them and legitimate users. All these "proof of human" type of coins fail to create a truly secure system, because this problem is quite fundamental and people outside of crypto couldn't solve it to this day, so how can some noname startup succeed here?
In some way, the system can be cheated by anyone worldwide. But it can be perfected over time, if there's demand for something like this from people in the mainstream world. What I know is that getting paid by just walking, could lead us towards a much healthier society in the future. A mechanism that would prevent cheating via sensors and the use of a camera, would make this more practical for mainstream use. Instead of making a cryptocurrency from scratch (like the MangoCoinz project did), one could create an ERC-20 token specifically for this purpose. With mainstream adoption, I'm sure that "mining crypto by walking" will be a big hit for years to come.
Any cryptocurrency that can be gained so easily can likely be gamed. There would to be 2 systems in place to prevent this using your idea;
1. Walkers would need to somehow unequivocably prove that they were indeed walking, rather than strapping their phones to one of those Pokemon Go-esque fake walking devices.
2. The reward would need to be so small that nobody would bother faking it, or running 100 phones at once to multiply their rewards.
If (1) is true, then the barrier to entry will be too high to make it casual. If (2) is true, then it won't properly incentivize people to use it.
With that said, I do like the concept of being incentivized to improve, but it's a hard model to monetize. For example Healthy Wage offers up to $10,000 for meeting some difficult weight loss goals, but requires substantial proof.
There are also platforms where you can bet on a weight loss plan, and people will bet against you. If you succeed, you win the counterbets, if you lose, you've gotta pay up.
1. Walkers would need to somehow unequivocably prove that they were indeed walking, rather than strapping their phones to one of those Pokemon Go-esque fake walking devices.
2. The reward would need to be so small that nobody would bother faking it, or running 100 phones at once to multiply their rewards.
If (1) is true, then the barrier to entry will be too high to make it casual. If (2) is true, then it won't properly incentivize people to use it.
With that said, I do like the concept of being incentivized to improve, but it's a hard model to monetize. For example Healthy Wage offers up to $10,000 for meeting some difficult weight loss goals, but requires substantial proof.
There are also platforms where you can bet on a weight loss plan, and people will bet against you. If you succeed, you win the counterbets, if you lose, you've gotta pay up.
I've thought of that at first. But with proper planning, developers could come up with a way to prevent cheating of the system. Believe me, monetizing the number of exercises a person does could turn out to be beneficial for society as we know it. But even if this never becomes a reality via the use of an app, at least it could be done "the hard way" (by rewarding people manually who provide proof of walking). Back in the day where MangoCoinz was popular, I used to have a lot of fun walking while getting paid in return. With enough demand, any project which decides to reward its users via walking will become successful in the long run.
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.
I have my doubts that a similar coin can survive as who would want to walk to make some coins ? If you walk every day to school , work or you simply do sports , then yes , a coins like this can be useful for this type of people but this won't solve the problem that only a minority of the population will use this mining type in order to make some extra income. Also I think that software can be easy tricked to think that the person using it is walking.
Its not what is to actually focus on when coins can be mined by just walking, it can simply be manipulated by automation by someone who would just want to make money. This isn't going to be secure. If it can be done, most of the cheaters out there are going to flock to gain certain amount of coins everyday just to dump the coin.
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?
In my own opinion, it is really a great innovation that you can actually mine and earn crypto by just walking because it is a great way to encouraged people to exercise everyday. Maybe the reason why this mangocoinz is dead today because it has no volume that no one is trading with it. 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?
I have my doubts that a similar coin can survive as who would want to walk to make some coins ? If you walk every day to school , work or you simply do sports , then yes , a coins like this can be useful for this type of people but this won't solve the problem that only a minority of the population will use this mining type in order to make some extra income. Also I think that software can be easy tricked to think that the person using it is walking.
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?
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?
there is actually few applications that are rewarding users for movement, and i am using actifit (actifit.io), that is on steemit blockchain, and rewards you for body movement. tokens cannot be retrieved for money at the moment, but there is a possibility for tokens to be exchanged for steemit upvote, and through upvote for money, which is good
of course, it is not much, but it is a startup, and STEEM price can upswing back in future
It's a very good concept , at least it has instant use cases that is rewarding. There used to be a project like that also called Gym reward that pays people when they exercise. Seems it has also gone low. These are good concepts that needs to be handled by devs that are professional and passionate about it.
A good concept does not mean that it can be applied in practice. Many projects are created from groundbreaking ideas, but not many can achieve success. Most fail to implement after launched for 6 months and 1 year.
It's a very good concept , at least it has instant use cases that is rewarding. There used to be a project like that also called Gym reward that pays people when they exercise. Seems it has also gone low. These are good concepts that needs to be handled by devs that are professional and passionate about it.
A good concept does not mean that it can be applied in practice. Many projects are created from groundbreaking ideas, but not many can achieve success. Most fail to implement after launched for 6 months and 1 year. 
the purpose of the project was that it would be good to indirectly make people walk where now the average person uses a vehicle even if only a short distance away.
but in the investment field I think the benefits have not yet been seen I mean what are they investing for?
if they find these reasons then a project like this is worth investing in.
but in the investment field I think the benefits have not yet been seen I mean what are they investing for?
if they find these reasons then a project like this is worth investing in.
i think today we can see some new altcoin give "reward" in his Dapp by walking to somehwere, like this :
https://www.stepchain.net/
or https://sweatco.in/
detail here https://steemit.com/cryptocurrency/@la2410/sweatcoin-earn-cryptocurrency-by-working-out-and-tracking-your-steps
https://www.youtube.com/watch?feature=youtu.be&v=gKr05cuifHg&app=desktop
https://www.stepchain.net/
or https://sweatco.in/
detail here https://steemit.com/cryptocurrency/@la2410/sweatcoin-earn-cryptocurrency-by-working-out-and-tracking-your-steps
https://www.youtube.com/watch?feature=youtu.be&v=gKr05cuifHg&app=desktop
These type of coins will always end up dead because the use case is worthless, this have no good use but generate profits while walking or running, sorry pal this is not what crypto space ask for nowadays, investors want real projects that will help the entire crypto world
If there is such app exists then techos will alter the android codes to make unlimited amount of money without doing the real exercise apart from this it feels like a unique project and will have more demand as well.
there is an existing app that gives reward thru altcoin, the project is STEPCHAIN, just download the app, for android user also download google fit, for ios download apple health, just simple open the app and do some small jog or by walking the app will count your steps, 30 steps is converted to 1 STEP COIN, their IEO round 2 was concluded in probit, feel free to check the project that promotes to have good health and use blockchain technology to encourage to people.
I checked out about them but can't find any detailed information about how much funds were raised, etc. They seems legit and also it is a good initiative to start making some STEP coins by doing some exercise but I still doubt how would the project itself earn some profits for itself?Moreover, I do not really think it would have that great demand in the future so it might just settle as a dead coin once listed on exchanges. I can see that they just completed their IEO phase 2 a month back but I cannot really see how many funds have they raised. There might be a lot of investors who might feel this kind of project makes them land up in profits but yet there would be some who would not consider this worth investing.
I will not be surprised because there is an obvious reason why this project died - No demand for the mined coins. If everyone walks (mines), who will buy the coins? What other uses can the coin be utilized for? Since there is nothing of note, the volume on exchange will slowly die out and less people will use the app. Death of the project comes next.
It's a very good concept , at least it has instant use cases that is rewarding. There used to be a project like that also called Gym reward that pays people when they exercise. Seems it has also gone low. These are good concepts that needs to be handled by devs that are professional and passionate about it.
Last year i have seen such projects where they claim that we can get paid to walk or jogg or exercise but when i checked the details one such project was only restricyed to some cities in the US while there were a couple more similar projects but none of them seems to be up and running at the moment, sorry, i do not recall the names at the moment but i will post as soon as i remember.
the idea of having cryptocurrency mining projects by walking is great for everyone's health. Exercise that pays well is not it 
Unfortunately, the MangoCoinz project is no longer being developed, I really like this project. If this project exists, I think it will be very developed.
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