Topic: The first earth-friendly and healthy way in mining cryptocurrency (Read 97 times)

Wow. Mine by dancing and cycling. Work out hype much?
I would buy that bicycle had it been cheap but 2,250$, hell no. That is ridiculously expensive and crazy. 1000 miles is too much and not to forget the electricity it would consume, all this for 26.5$ is not worth it. Better just pay 40$ for a monthly gym and workout.

Yep these kind of project always hype when first released and fading as the time goes by, and seeing the reward compared to the cheapest toba product I can say that it requires atleast 84750 miles just to get the reward I don't sure who want to bike that far for the sake of $2k I mean before we reached it maybe the project already die down.

Although projects like these sound cool in paper, they eventually die down and fade away from the scene after their initial "collecting" period is over.
All the hype that is built up before that is gone.

Not sounding mean, but there were several cool projects like these before and none of them stayed longer than expected.

Interesting invention. Perhaps this will encourage everyone to do sports and the world will be more healthy people. And besides, the rich.

I've seen this idea before of mining through biking and there are almost the same idea of mining through jogging.

Good initiative for loyalcoin and I've known few of their team members and they are very hard working with their development. I also see some the same concept of letting people use their bikes for free somewhere in Intramuros, Philippines or is it also them but the names different from LYL.

The British company 50Cycles introduced the world's first electric bike with built-in mining function called "Toba".

A reward of £20 ($26.5) will be paid per 1,000 miles (1,609 kilometers) in LoyalCoin tokens (LYL), but in the future the platform will have their own tokens. However, "miners" in the e-bike scheme will need to put in the effort to reap the potential rewards, as the cheapest Toba product will cost £1695 ($2250).

The owners of the bicycle will be able to observe the mining process via a program installed on the smartphone, and private keys will be stored in the special device on the vehicle itself.

"We have always been a company that moves ahead of the times by embracing the latest technology. Just like we saw the potential in electric bikes in Tokyo 15 years ago, we now see the promise and future in blockchain technology, cryptocurrency, and product tokenization", - Scott Snaith, the company’s CEO said.

So, Toba is probably the first "green" and useful for health way in mining cryptocurrency.

source

By the way, there's also another way to keep fit while mining crypto - a mat to mine cryptocurrency by dancing. Unfortunately, these are the only 2 projects I've heard about where you can earn tokens doing sports. What about other eco-friendly mining solutions, there're already a lot of such ideas or projects (at least, under development).