Bitcoin Forum

I recently started to look at Bispex exchange since there is a feature that you can mine as you trade.

But what is this mechanism? While buying and selling crypto, is it really possible to receive extra coins automatically?

Has anybody done it out there?

You can mine Pi on your smartphone through the Pi Network app. The coin is not yet indexed at any exchange, but that will change with phase 3 of the coin development. Basically free money. You can check the whitepaper if you are curious about the phases and what the coin aims to be: https://minepi.com/white-paper

Download from Google Play:
https://play.google.com/store/apps/details?id=com.blockchainvault

Download from App Store:
https://apps.apple.com/us/app/pi-network/id1445472541

Before you start mining you need to specify who invited you, so feel free to use my code if I helped you.

 Code:
MichaelTX

Thank you.

Yes it's very possible.

I think as you trade, it's also counted as mine to that platform and they will reward you with their token. But I think this wouldn't work for small investors and traders, this isn't ideal for us. I guess I've seen one type of exchange before that has that kind of feature.

But I think they're gone now or the volume became drastically low which means it didn't bite the favor of the mass.

Source: https://bispex.com/bpx/info


Its clearly mentioned that this is just staking not an actual mining.

First of all this trade mining was the recently upvoted buzzword being started by the Fcoin exchange. Then the nexybit exchange followed and they also did a similar staking process which led to their investors getting rewards everyday.

Soon enough the bubble burst and nexy turned scam telling their investors to "F-- off" and they sold off to some other company.

This is the problem with such exchanges offering something new as a passive income and making people greedy to keep their money there. One fine day they will exit scam and you wll fools will have nowhere to go complain or do anything of legal sort to get back a penny.

Therefore treat these trade mining exchanges with caution.

Oh good thing you clarified that or I'm losing my mind right now for reading this mining thing since mining using mobile is absolutely absurd.

Well, bispex should rephrase mining from staking or else they'll misleading people especially newbies.

thats cool  . trading while mining ?  this was the first time i hear a kind of exchange that got this feature although i saw other exchange before that you can play gambling , chat while trading  .  btw i have heard the name bispex lately  and now i see it again on this thread  , im starting to think that you and other users were only promoting it or related to each other   . still it was a unique and cool exchange exchange if its proven legit because people can try somemthing new and also to earn extra income aside from trading .

First time I read about this new Bispex, it seems they did not do a signature campaign here nor does an ICO, but from the looks of their website and the information there of, I don't think I will be attracted to this exchange at all, I hope those coins that I'm participating in bounty campaign will not list their coin, they don't have much traffic right, Alexa shows no data in their data.

Mining need extra hardwares to mine coins so if someone claims that you can mine coins while you are trading then its possibly not worth to consider it as rewards or even complete scam,depends on the exchange reputation you are talking about.

But mining is the mechanism of confirming the blocks of transactions and getting rewarded on the pools.

No you are getting it wrong.

Like I have previously posted, a group of exchanges started this thing that the investors of that token will be getting a share of the trading fee based on the proportional share of their tokens. So whoever wants to take part in this had to buy the token, hold it for long time to generate enough ROI and then probably sell it.

Now this is not anything like legal equity, it is a risky investment and people need to be careful, because I have seen exchange go rogue and scam their investors after a few months - like nexybit. But this is a side effect that people got greedy about passive income and bought large volumes of the token.

I don't know anything about bispex exchange and you need to be careful of any service rendering from new exchanges, if you are so interested in mining coins go out and buy mining rigs or build one yourself, many guide videos are available on YouTube

Some even say that bringing together Bispex offers trade insurance whether it is true or not, obviously I will not entrust a new exchange because it is very risky for me.
Bispex is a non-productive token so that it is only known from Airdrop so there are more and more curious about this token.