Mining eth tokens | Bitcointalksearch.org

savon2k

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Activity: 106

Merit: 10

giants may cry too

Quote from: YIz on July 21, 2017, 09:59:35 PM

Tokens are not mineable. you can only mine ETH which is the gas for those tokens.

Thank that's what I was looking for ,thinking about it makes me feel a little scathed ,if ETH network goes down ,down go all the "little" tokens along side 🤔 I remember eth flooding happening not so long..let's hope they fix scaling fast before all those ico's start working

toygg

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Activity: 306

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If I could mine ETH tokens, I would have mined Iconomi,Golem, Tether, Status,etc. Basically all the top 20 ETH tokens then I would be so rich that I could just travel around the world in luxury!!:D Just kidding. I would just get a simple job and save the money so that I could retire any time I want.

YIz

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Tokens are not mineable. you can only mine ETH which is the gas for those tokens.

systemv

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StuffGoGo Developer

I wonder if somebody done a smart contract and dapp with interface/api for some rudimentary POW mining. Would not be very useful I guess, but cool as hell.

Bibi187

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https://steemit.com/@bibi187

Quote from: savon2k on July 21, 2017, 05:59:43 PM

Quote from: Bibi187 on July 21, 2017, 05:53:18 PM

Quote from: savon2k on July 21, 2017, 05:45:46 PM

I'm just curious ,I understand that eth tokens ($bat $adx and tons of others) are being transferred usuing eth standard gas system..does that mean that it's impossible to mine eth tokens ? And for moving and confirming this tokens in the chain miners receive eth as a reward?

https://theethereum.wiki/w/index.php/ERC20_Token_Standard

From Confucius :

give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime

Well there is nothing in the link about mining or transaction fees 🤔

From cryptoConfucious :
Give a man a block and he will build pyramids , teach a man how to block-chain and he will create Dogecoin

Always better to do a little search, i give u the start ... anyway

Everytime you make a transaction on ethereum you need to pay a fee to the miner of the block that will calculate the result of your smart contract. While this might change in the future, for the moment fees can only be paid in ether and therefore all users of your tokens need it. Tokens in accounts with a balance smaller than the fee are stuck until the owner can pay for the necessary fee. But in some usecases, you might not want your users to think about ethereum, blockchain or how to obtain ether, so one possible approach would have your coin automatically refill the user balance as soon as it detects the balance is dangerously low.

https://www.ethereum.org/token#autorefill

savon2k

member

Activity: 106

Merit: 10

giants may cry too

Quote from: Bibi187 on July 21, 2017, 05:53:18 PM

Quote from: savon2k on July 21, 2017, 05:45:46 PM

I'm just curious ,I understand that eth tokens ($bat $adx and tons of others) are being transferred usuing eth standard gas system..does that mean that it's impossible to mine eth tokens ? And for moving and confirming this tokens in the chain miners receive eth as a reward?

https://theethereum.wiki/w/index.php/ERC20_Token_Standard

From Confucius :

give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime

Well there is nothing in the link about mining or transaction fees 🤔

From cryptoConfucious :
Give a man a block and he will build pyramids , teach a man how to block-chain and he will create Dogecoin

savon2k

member

Activity: 106

Merit: 10

giants may cry too

Quote from: fanatic26 on July 21, 2017, 05:47:41 PM

No, you are way off base on that.

How does it work ,can you please tell ?)

Bibi187

full member

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https://steemit.com/@bibi187

Quote from: savon2k on July 21, 2017, 05:45:46 PM

I'm just curious ,I understand that eth tokens ($bat $adx and tons of others) are being transferred usuing eth standard gas system..does that mean that it's impossible to mine eth tokens ? And for moving and confirming this tokens in the chain miners receive eth as a reward?

https://theethereum.wiki/w/index.php/ERC20_Token_Standard

From Confucius :

give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime

fanatic26

hero member

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Merit: 560

No, you are way off base on that.

savon2k

member

Activity: 106

Merit: 10

giants may cry too

I'm just curious ,I understand that eth tokens ($bat $adx and tons of others) are being transferred usuing eth standard gas system..does that mean that it's impossible to mine eth tokens ? And for moving and confirming this tokens in the chain miners receive eth as a reward?

Topic: Mining eth tokens (Read 738 times)