Topic: Phone Mined Coins as the crypto infrastructure (Read 371 times)

For beginners, maybe mining using their cellphone can make them curious to try it but not for people who have been in crypto for a long time because they know it's not easy and can put the cellphone at risk of damage. Even though the project says that anyone can mine Tau coin using their phone, but I don't know if it's worth trying or not. Maybe you can try it using a cellphone that you don't use so that if something happens, you don't endanger the data on your cellphone.

If you have checked TAUcoin's feature, you'll see that it isn't working on POW algorithm that it doesn't really fry your phone. It is really mobile friendly mining. I'm not here to promote but anyone can at least check the project and see that it isn't "simulated" mining or cloud mining as they say. Codes are public and open source so there's no harm in checking.

Need to say this but, if people actually introduced to mining with the cloud mining and then we are doing something wrong here. Any sort of simulation mining doesn't reflect real mining in the world, sure they claimed it's from "real" mining rig and shared it for you as a cloud miner but that days are no longer exist just like in earlier days.

Also it does depends on how well the phone infrastructure in the future, you need at least high-spec phone or less scuffed phone-mining app if you don't want to fry your phone.

Phones are relatively cheaper than computer and it's a basic commodity for communication. It's no surprise "if" there will come a time when blockchain tech is more on mobile rather than on pc. If in current situation only the rich can afford to mine major coins like btc and eth, and they (somehow) also get to decide for the chain? How will it be more centralized in the future? Blockchain advocacy is wider than just a financial asset or traffic in volumes coz it also comes with people authority more than a just a bunch of people with money. Always remember that people in the West can afford of the piece than people in the East in general. And that only create more gaps in access, utility and ownership.
With mobile-handiness and no control even from the early birds, there will be more freedom in the crypto space than there is today.

Phones are much cheaper comparing to Laptop and Personal Computers so i guess the world is going to Phone resources now and sooner, also I believe that if there is something we must consider to be the next hype then this is what like this will bring.
and in digital world the handy is the better .

TAU has a very interesting concept which is often overlooked by investors and traders alike. It's just like Magi, where only a few people know about it. I don't think any other CPU-mineable coin comes close to Magi (XMG) when it comes to achieving fairness and equality among network participants. Although the project was abandoned by the original developer, it's quickly gaining traction as the community has taken over it (just like Bitcoin). If only XMG was listed on a good exchange, its market price wouldn't have been this low. At least, the network is fully functional.

I'd suggest you join the project's Discord server if you're interested in learning more about it. Here's the link to it: https://discord.gg/EPHw749



There are many hidden games in the crypto market waiting to blossom someday. It would be surprising if someday XMG goes all the way to the moon. If you mined coins and held them by the time that happens, you'd be making serious money in return. That's why I mine old and abandoned coins for fun. You never know when you hit the jackpot if the project revives sometime in the future. I'd say Magi's model solves the problem of inequality on the Blockchain. Maybe leading cryptocurrencies like Bitcoin and Ethereum will copy its model in the future?

That is because mobile phones are thrice cheaper than the computers plus they are more portable. You cant carry your computer outside and the best part is that mobile phones are now more powerful than the standard computers. This is why projects like the one the op is talking about are now being implemented. That magi (xmg) you shared there is also cool. Didn't knew that there are projects like that who exist who favours small miners than the big miners.

I think the inventor of it was once a small miner and he invented it as a revenge to the big miners. If the coin's value isn't big then we can say that we are doing it for fun but who knows, what if it grew a lot someday?

It's no secret that the number of people using mobile phones far exceed those using computers. That should make cryptocurrencies mineable with a phone much more decentralized. The problem is that phones don't have the same computing power as an ordinary PC. With such limitations, it'll be impossible to turn a profit when mining any CPU-based coin on a mobile device. While some coins just simulate the mining process (eg: Electroneum), there are some which actually use your phone's processor to the max.

I believe Magi (XMG) is one of the best (if not the best) coins you can easily mine on your phone because of its unique PoW algorithm. It penalizes big miners by reducing the block reward. Effectively, the "little guy" gets the most coins per block, while the others are left behind in the dust. Not only this enables true decentralization, but it also makes the Blockchain more equal to everyone. I'm beginning to explore Verus which is a coin that can be mined with CPUs. Both Monero and Wownero are also CPU-based, but they're much harder to mine because there are GPUs on the network. Ultimately, it's all about which coins give you the "most bang for your buck". If you're only doing this for fun, then I'd see why you can't mine with a phone in the first place. Just my thoughts
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Interesting coz you've mentioned Magi twice already. I'll have to check on this especially on their protocol. Would you also be willing to check on TAU? It looks like you something about codes. Might help, might not but it is a good thing if Magi penalizes  big miners with reduced rewards. TAU  itself has a Fibonacci sequence up so that new miners will always have advantage since they'll have a higher base mining power compared to old miners.

It's no secret that the number of people using mobile phones far exceed those using computers. That should make cryptocurrencies mineable with a phone much more decentralized. The problem is that phones don't have the same computing power as an ordinary PC. With such limitations, it'll be impossible to turn a profit when mining any CPU-based coin on a mobile device. While some coins just simulate the mining process (eg: Electroneum), there are some which actually use your phone's processor to the max.

I believe Magi (XMG) is one of the best (if not the best) coins you can easily mine on your phone because of its unique PoW algorithm. It penalizes big miners by reducing the block reward. Effectively, the "little guy" gets the most coins per block, while the others are left behind in the dust. Not only this enables true decentralization, but it also makes the Blockchain more equal to everyone. I'm beginning to explore Verus which is a coin that can be mined with CPUs. Both Monero and Wownero are also CPU-based, but they're much harder to mine because there are GPUs on the network. Ultimately, it's all about which coins give you the "most bang for your buck". If you're only doing this for fun, then I'd see why you can't mine with a phone in the first place. Just my thoughts

It's because all you know are Proof of Work and Proof of Stake.. And these all takes away resources and of course, mobile mining won't work for these protocols. You study other protocols such one of Proof of Transaction TAUcoin is using then start criticizing mobile mining. Other projects such as Electroneum and Pi and others obviously only copies code from bitcoin and ethereum and the likes so mining on  mobile phones wont work. TAU seems unique in their approach since they also tried IPFS in mobile mining and although it seemed to work on the beginning, even IPFS consumes resources.

Even with all their work, "mobile mining" seems impossible since all we are familiar with are  bitcoin and eth codes.
Remember, internet was once an "impossible thing". TV was once an impossible thing. Computer was once an impossible thing. Bitcoin was once an impossible thing.
Who knows when mobile mining will become a thing. Especially one that gives control to the community and not to a central authority.

Mining coins on mobile phones never work, also this is not what adds value to a crypto project, the last good project I knew of that used mobile mining was Electronuem and the team confessed that the mining strategy is more like cloud mining, so there for it's not real mining.

Crypto mining on phones is never going to be something that brings hype in the future unless a cryptography algorithm is built specifically for phones, at this point this is still impossible.

Look into Metaverse and Play 2 earn projects, I believe these are the next crypto hype in a few years more.

I can see that TAU mobile mining has already been established since 2 years ago. I was a  miner of that coin. The current tech is focused however in decentralized web 3 model, initially at messaging. It would literally mean no restriction from posting or joining groups. Mobile mining tech does not rely on POW or POS obviously as what most of the comments here seem to know. It is far beyond the likes of electroneum or even Pi. Those are all simulated mining, which as we all know, is not real mining. TAU mobile mining concept derives from having no central servers ( such as facebook, twitter, telegram etc.) while utilizing the least possible data consumption on a daily basis. And yes it is a hard code to make since there is literally NONE to copy from. Blockchain nowadays are focused on speed of transactions while neglecting decentralization and security.

How decentralized can TAU get? The groups you create on app are totally controllable only by you. Even the team cannot control them. People cannot be removed from the group and messages cannot be deleted ( as they are hashed on chain ) If  you think at it, it is actually a great way to hide messages and have a discreet communication.

So far, this is what I understood about the project and tech. I do not understand codes nor have any skills so you are free to check on their codes since they are public and open-source anyway. If I would put it in line with bitcoin and other cryptocurrencies, it should be as follows:

Bitcoin - Proof of Work - Digital gold - Finance
Eth - Proof of Stake - Smart contract -
TAU - Proof of Transaction - Communication

the title itself is risky for me, Phone Mining? there are several projects and apps i come across in the past that ended not good, some are even bad for our gadgets.

and NFT ? I don't know if this is truly manageable and trusted , do we have vouching here?

I hate to break it to you, but mining coins on a phone is a complete waste of time and money. You'd just do it for fun, rather than profit. There were tons of CPU-mineable coins which turned out to be a failure in the long run. Electroneum was one of them, followed by Pi Network and several others. Back then, there was a coin named "Magi", but the original developer abandoned the project some time ago. The community has taken over it, but it's not the same as the good-old days. What I like most about the coin is that all miners are equal on the Blockchain. There's an algorithm which penalizes big miners by reducing the block reward. So you'd have to mine with very little hashrate to get the most rewards out of a block.

If other CPU-mineable coins copied Magi's model, they would've been much more decentralized and equitable by now. You can still mine Magi (XMG) on a phone, but don't expect to get rich anytime soon. With GPUs and ASICs being extremely profitable these days (although energy costs are increasing at a fast pace), less people will be inclined to mine crypto on their phones. Just my thoughts

I wonder if what are those 10% who are not included in the bear market but they can be a mixed of coins that are from the top and some coins which are not really that known. What I know is that eth, matic, sol and bnb have showed a good increase last time but some of them have decreased again later on.

Bear market is a time for accumulation so if you are a founder or developer of a coin, you can try to deploy your project during this season and expect that people will buy it. More if they find potential about your project. If electroneum is a great project then there is still a chance for it to experience an ath and it could happen once this bear is over.

TAU was the next electroneum and PI coin. That's actually BS to offer mined coin from your phone. There's no urgentcy to do that other than creating fake hype by using the world mined from your phone. Im not even seeing any usefulness from that thing. Im tired to see that a newbie keep believing with that BS. Using your phone to mine a coin will not be considered as crypto infrastructure caused by it contributes nothing for the blockchain ecosystem.

The real blockchain was actually decentralized but after i have seen the mechanism about how mining from phone work and then i do believe if these are only full with BS. You basically did nothing with your phone and then developers were adding some number in your balance (wallet)

Yeah, it's for everyone if there are no greedy people who pump and dump a certain coins I'm sure everyone will get a profit but unfortunately that's not how it works here considering the supply and demand plus the traders. So tell me if it's a decentralized coin then maybe it has a chance to do what Bitcoin can't do.

I'm sure this is what happens when there's a bear market but unfortunately after that shrank you may not be able to see it pumping like what Bitcoin did. There's a lot of factors that it won't grow back again and the only thing that makes the price grow was because of the market hype which does work every to almost every new project I've seen.

I think that's what we're running into😍... I'm in love with this upcoming tech and TAU project..  it's realistic and I believe it's going to be a fantastic method of Mining coins ..

Thanks for The creators of the TAU PROJECT.. for bringing up this solution..wealth is for everyone..what Bitcoin fails.. other coins can revolutionize

I don't think that Phone mined coin will be a thing in the future, There were a time that Phone mining became trending for days because of Pi token getting hyped up so much on social media that everyone downloaded it and try it. I believe this was during the bull market where they attract so much traffic in their project. Today, I've seen some merchants accepting Pi token as a sort of payment for their products. I have a social media friend that flexes her brand new bags and other haul that were purchased using Pi Coin, I was amazed that someone really accept that coin but my perception to that coin will not change. Phone mined coin will never be a thing in the future.

After nft's, there's this metaverse. Phone mining is not next after them because they are already there even before. It's only starting to get hype because of that pi mining but people shouldn't believe on that as it was a scam. There are other legit phone mining app like electroneum but I think they aren't that profitable and you can only end up paying more for the electricity for your phone maintenance as it will likely be damaged from continuous use of the app.

If you want to earn a crypto then there are more better ways of doing it. Crypto trading, investing, working online as a freelancer can be a few examples. You can also do bounties and airdrops.

This model is what we've seen from a project like Electroneum and that became popular so quickly because it's the first one. But not long enough, the project's buzz became silent and it's got a low volume today. Next project that made that model was the Pi network which is until now nowhere to found in the market despite the marketing they've made and is just liking wasting a lot of people's hope with their simulated mining on phone which how they have introduced advertised the project.

Don't get your hopes up and think this will become a thing, there is no way phone mining can become the next big thing. There is nothing like phone mining in the first place. Can you list how many trending coins are mostly based on cloud/solo mining?
If you must know, people stop engaging in cloud mining long ago because they are mostly scams, you are pretty much wasting your time and resource thinking you are mining.
The next trend is nothing close to mining let alone phone mining.

Web3 is what's making name as these moments but as for these coins that can be mined through phone, I don't think so.

They've been known like around 2018 and many projects have introduced that mobile mining but it's not an actual mining and as you've said, it's just a simulation mining, means not a real thing.

I think, I've heard of them before but as what I believe with projects like this, they have made some buzz a few years ago. I doubt that they'll still do the same this time, still, good luck.

It's just all about the connection from nearby "phone miners" and getting the data from everyone who's in. Honestly, I don't think it will work. PoW and mining requires that much power and using hashrates and power from smartphones won't be enough to secure the network.

Well, it's good to remain as a simulation mining and see how long its hype, if there's any will stay.

It's hard to say anything for sure. but, I guess the next trend could be WEB3.0

cloud mining is a scam. Whatever website or app offers you this service, it is a scam, and you're probably going to lose money by purchasing their mining packages and maintaining fee.

2 projects that I know that their coins can be earn by mining through the phone.
First Pi Network and another one if I'm not mistaken mangos coin long gone.
But actually these two coins are not really obtained from mining, specifically for the first PI Network because there is no power used from the phone looks good but that's precisely the peculiarity, while the second there must move your cellphone continuously until it reaches a certain amount in a day and can be withdrawn to exchange and convert to btc (I got much profit on this coin).
So to my knowledge so far there hasn't been a project that could actually implement that and I doubt it could be implemented in the future as well.

There are certain parameters that this should "only" work.

1. Consensus shouldn't be POW or POS or with any current protocol.
2. Resource mining consumption should be around or less than 10mb/day. Otherwise, it burns cellphone away.
3. Not centralized
4. No private servers
5. With token value?
6. to be/listed in big exchanges
7. with limited amount of native token

etc..

Only these I coudl think of of the moment.

Its been a while where these mobile phone mining does already exist but most of them are scams and since we are talking for some legit company then i dont see for these things to be feasible.
Mobile phones are for the purpose of sending out text messages or solely speaking about primary usage of it and involving it on mining which would really spending
up power and processes and i dont know if these things are hoax or just simply image manipulation just to make it look that you are actually mining but you arent.
I cant just trust up these kind of projects but if there's someone who do get interested then it would be your choice.

I am not sure at all that the next hype will be some sort of mining, whether cloud or phone mining, or even hard drive mining, which was extremely popular when the CHIA coin was popular. I don't think mining is of interest to a large number of people at all because of its cost and shallow profitability. It is much more profitable to spend time on popular business models of earning token or mint NFT and any web3 initiatives. This is what the crypto community is interested in now and will be interested in the future. This is just my opinion.

Good day fellas!

After NFT, what will be the next big thing? In just its early stages, seem Phone Mined Coins on trending these days, tho mostly are based on cloud mining/Solo mining and some sorts of simulation mining.

Am sure you already came across with TAUcoin Blockchain lab? Based in Cambridge, UK. They are working on the Phone Mining Coins(PMC) open source technology based on server-less communication and lite energy mining consensus.

PMC technology enables your phone to mine tens of crypto assets independent from linking commercial servers. For example, any phone can mine “London PMC”, that is exclusive for London in the PMC world. Londoners will see the coin natively living in the app and use them for payment, chat and advertisement. The global phones network will secure and grow the city blockchain collectively.

Yes its already happening, but do you think this will work out? Considering phones' resources while running such a blockchain.