Answer to both your queries above:

Bitcoin mining is plagued by the problem of expensive mining equipment such as Bitmain's Antminers using unacceptably high levels of electricity. And these miners are profitable only if these mining equipment manufacturers and the mining cartels are able to keep BTC prices above 10 K USD by purchasing BTC in the market and by pushing up BTC prices steadily to attract more buyers for these unrealistically high energy consuming expensive mining equipment. that is the reason we saw so many mining groups dumping the S7 and S9 Antminers as junk recently.

https://www.ibtimes.com/crypto-mining-machines-sold-junk-china-amid-bitcoin-price-crash-2735167

https://www.ccn.com/bitcoin-miners-are-selling-old-asics-for-scrap-metal-as-price-decline-hastens-obsolescence

Add to this the mining war between the mining groups moving away to both the forks of BCH (ABC and SV).. Bifinex exchange which has a vested interest in keeping BTC prices high since it was the exchange which was behind the introduction of Tether (USDT) which is supposedly backed by Real USD reserves.. and now it has been found that it is not! http://fortune.com/2019/04/25/bitfinex-tether-bitcoin/

With such unsavory activities going on in the world of crypto currencies which involves the biggest names in the business which keeps the entire crypto currency spectrum on a shaky foundation thereby creating increasing cynicism and skepticism, we need a block chain project to bring back the trust and faith to the world of crypto currencies, in particular make block chain technology acceptable and accessible to the common man! This is what we are trying to achieve with the SWAT Coin project in spite of our modest size and limited financial resources.

Block chain projects are supposed to be transparent with the open ledger system in which the rich and powerful will not be able to collude and manipulate data to help only the rich and powerful and leave the gullible common man in the lurch.. But by reading the above articles we can see that the exact opposite of what was aimed to be achieved in the first place happening with all these suspicious and manipulative activities going on in the background.

Do we need CPU to mine SWAT?  Silly question.. It is like asking do we need a CPU to run an android phone! Of course we do! How much is the question. Using the Electroneum Android APP one can mine approximately 100 ETN in a month or two.. Meaning you can earn 1 or 2 USD in a month.. ETN started our initially to put some money in the hands of the common man with this Android mining process. But eventually went the BTC way! We at the SWAT Coin Project want block chain technology and the benefits of it to be available to the common man always! When people can accept and understand POW (proof of work) mining in which the hardware manufacturers and mining cartels buy back the coin in question to retain profitability of the purchased mining equipment to bring in additional sales and POS (proof of stake) mining which is nothing but paying interest on your deposit, I can't see the difficulty in understanding the mining process of SWAT..

We need a simple yet powerful technology to overcome the shortfalls of the above mentioned pitfalls of the existing POW and POS mining process and algorithms which use some technical jargon to confuse and keep the unsuspecting common man at bay! We have attempted to create a project with a simple and lean mining process.. We keep evolving every day and try to create an advantage to the common man and not to the rich and mighty! That is the main advantage of our Lean Mining  Technology. Our mining process uses very less CPU, Very less RAM,  Very less Battery and Very less Data. Of course this is what the Cryptonote Algorithm started out initially to achieve with its Egalitarian proof of work pricing function..
          (The proof of work mechanism is actually a voting system. Users vote for the right order of the transactions, for enabling new features in the protocol and for the honest money supply distribution. Therefore, it is important that during the voting process all participant have equal voting rights. CryptoNote brings the equality with an egalitarian proof-of-work pricing function, which is perfectly suitable for ordinary PCs. It utilizes built-in CPU instructions, which are very hard and too expensive to implement in special purpose devices or fast memory-on-chip devices with low latency.

We propose a new memory-bound algorithm for the proof-of-work pricing function. It relies on random access to a slow memory and emphasizes latency dependence. As opposed to scrypt, every new block (64 bytes in length) depends on all the previous blocks. As a result a hypothetical "memory-saver" should increase his calculation speed exponentially.

Our algorithm requires about 2 Mb per instance for the following reasons:

1. It fits in the L3 cache (per core) of modern processors, which should become mainstream in a few years;

2. A megabyte of internal memory is an almost unacceptable size for a modern ASIC pipeline;

3. GPUs may run hundreds of concurrent instances, but they are limited in other ways: GDDR5 memory is slower than the CPU L3 cache and remarkable for its bandwidth, not random access speed.

4. Significant expansion of the scratchpad would require an increase in iterations, which in turn implies an overall time increase. "Heavy" calls in a trust-less p2p network may lead to serious vulnerabilities, because nodes are obliged to check every new block's proof-of-work. If a node spends a considerable amount of time on each hash evaluation, it can be easily DDoSed by a flood of fake objects with arbitrary work data (nonce values).

One of the proof-of-work algorithms that is in line with our propositions is CryptoNight, created by Bytecoin developers in a cooperation with our team. It is designed to make CPU and GPU mining roughly equally efficient and restrict ASIC mining.)

But ETN and Bytecoin etc., which are dependent on the above mentioned Cryptonote technology and function have failed to solve these issues and problems.


Our aim is to overcome these issues and make the mining process as accessible and affordable as possible to everyone. Bitcoin mining can be done only by rich people. ETH mining process is ASIC resistant and is GPU compliant. Our Mining process is Android compliant. We can make it IOS compliant too.. But IOS is for rich people since IOS devices are exorbitantly expensive! Of course we too need CPU, RAM, Battery and Data for mining. Today the entire cryptography currency domain is suffering because of expensive mining equipment and process using huge amount of electricity. With our process we have overcome all this and most of the issues discussed above and we continue to keep evolving over time. This is the strength of our SWAT Coin Project! We are proud of it!  

Just to remind our investors.. the SWATMINER APP is available on Google Play Store

https://play.google.com/store/apps/details?id=com.swatminer

and on our own site:



https://www.swatminer.app/

Good news again from Iran! One more SWATMINER APP sale to his friend by @antarmontar our D & M member. Well done @antarmontar for your continued good work and excellent efforts!

antarmontar, Thank you for your response! I appreciate it!

Received payment and order confirmation from @SWATComfortZone! Next shipment of 5 Pocket Miners to Nigeria under process now. Appreciate your efforts Benjamin. Will process order, make shipment and update with AWB number soon!

Two Items of Very Good News!

One from Iran and another from Nigeria.. 1. 10 more SWATMINER APPs purchased by @antarmontar our D & M member from Iran! He has sent part payment already! He will send the rest and the IMEI numbers for activation tomorrow. Total of 39 or 40 SWATMINER APPs bought by him till now! I have lost count! He has promised to buy 150 more APPs in the next one to two months! Thanks for leading from the front Ehsan! Well done! 2. Our D & M member and Exclusive distributor from Nigeria @SWATComfortZone has just now discussed with me and confirmed a purchase of 5 Pocket Miners! (1 PM SE and 4 PM UNI). He has promised to send payment later today! Well done Benjamin! Thanks for all the good work you are doing in Nigeria and for your tremendous efforts! Our SWATMINER APP and Pocket Miner are going places! Literally!

Cheers Everyone!

Here is a post on our Slack channel about the business model of the SWAT Coin Project and MYFIE (both block chain projects of PM Corp the parent company of both SWAT and MYFIE)

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Business Model Explained! We watch TV.. There are so many ads which we see on it.. But neither the TV company nor the TV channels or the Cable Company, share the sales revenue from the TV Sales and the ad revenue that is earned by showing the ads, with us. But we are willing to pay for the TV and for the cable and to top it all we are willing to watch the ads without complaining for ever! Do we earn anything out it? No! So here is our business model in which you have a smart phone and a TV and a Book reader and a camera etc., and the profit from the sales of the TV (smart phone) is shared with everyone through mining & buy back and the ad revenue earned is shared with you and the revenue earned from content delivered through the book reader, content streaming etc., too will be shared with the investors and users in the future!
That leaves us with the camera which is not earning any revenue as of now. I have thought of a business model to generate further revenue by monetizing the content that can be a created with the camera. The most important content today for individuals in particular young people that is being created daily in billions is the selfie! So i have thought of a business model to monetize the selfie. I have created a token with the symbol MYFIE and the name of the Token is My Selfie or Monetize Your Selfie at this token address (https://etherscan.io/token/0x43a1b476c1315dfef973d05c953ac1455823afaa). I have registered a domain name MYFIE.LIVE (http://www.myfie.live/) which will soon be a site with a live feed of selfies taken and uploaded from across the world! I have also thought of it as a new type of coin which we will call as the POC coin or Proof of created Content coin! The more selfies one uploads on to our website the more they can earn MYFIE. We will have live feeds of most recent selfies of celebrities, sports persons, political and business leaders etc., on the one side and we will have the user created content of the MYFIEs posted by individual users on the other side.. We will have voting to keep the most popular MYFIEs to be retained and showed on top. We will not have the dislike option. Only the like option and vote.. This is exactly what Youtube, Facebook and othe image sharing sites such as IMGUR have done.. Make money with user created content. Content is King. Human beings in general are narcissistic and are obsessed with themselves and the way they look. That is why the beauty, cosmetics and anti-ageing products are one of the fastest growing sectors in the world! How do we link it with our Pocket Miner and our mining app.. You need to sign in to the MYFIE app with the authorized IMEI of your device and wallet address to be able to earn MYFIE every time a selfie is uploaded. Should we use the mining app directly for this or use a separate MYFIE app will be decided later. We will create an algorithm which will decide the difficulty level of earning a MYFIE based on the number of IMEIs active, number of uploads, market price etc., which will make it more difficult to earn a MYFIE as we go into the future! I will create a separate site and a Simple Whitepaper to explain this concept. Now everyone can understand how SWAT will expand its scope and what the future potential and valuation of SWAT can be!

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Note: The MYFIE project will go live in the next couple of months.

You can't mine SWAT with CPU/GPU or ASIC Miners.

You can mine it only with SWATMINER APP (https://www.swatminer.app/ or https://play.google.com/store/apps/details?id=com.swatminer)

or with

Pocket Miner http://www.pocketminer.store/

The current mining rate per day is 7200 SWAT which is approximately equal to 2 to 3 USD per day, based on the last traded prices of SWAT on p2pb2b.io and fatbtc.com.. The mining rate will adjust itself to deliver a sale price of 1 to 3 USD per day.

Based on our Google Play Store Listing we have received 6 requests for authorization of IMEI numbers.. No purchases yet.. Since all links of the project are available for new users to check the details about the project those who are interested in mining SWAT are downloading the SWATMINER APP from our Github Repository, installing it and are sending the IMEI displayed on the mining Screen for authorization.. I have responded to them saying they need to buy the APP.. May be I will consider allowing them trial access to mining to make them understand the simplicity of the mining process.. The truth is we are getting more exposure to our project and our SWATMINER APP through our listing on Google Play Store.. This is certainly good news for us! I hope everyone is having a great weekend!

Check this poster by Yuriy and Catherine representing our listing on the Blockchain Data Platform based out in Netherlands Blockspot.io (https://blockspot.io/coin/swtcoin/)

This is the Banner Created by our D & M Members Yuriy and Catherine representing our SWATMINER APP getting published on Google Play Store.. Check it out!

Great News! SWATMINER APK is live on Google Play Store Now!

https://play.google.com/store/apps/details?id=com.swatminer



On this happy occasion I have made the price of SWATMINER as 110 USD (approximately) - I have dropped the extra 9 USD which we had introduced for buying back the mined SWAT, an offer we had announced for listing SWAT on FatBTC.

*Congratulations every one!*

Great News!

One more sale of SWATMINER APP by our D & M Member from Iran @antarmontar to his friend. Authorized the new IMEI number and activated the device just now.. Great job Ehsan! We have D & M Members from 13 different Countries.. We just have to sell one SWATMINER APP in each of these 13 countries every day. Our project will literally take off! I am sure this and more good things are going to happen soon!

Cheers Everyone!

Will work hard to make this happen..That is my unfailing commitment to our project.

We have moved to the new thread here..

https://bitcointalk.org/index.php?topic=5128167.0

More from Slack:

Our project is one of the most secure projects ever to be created on a block chain. Our mining process is one of the best ever secure mining process that is absolutely safe for our Miners. The need is more awareness about this to new and potential investors which is what we are working on. In due course we will reach a wider investor base and we will be able to attract more Miners too. These are issues faced not just by our project. It is a common thing faced by all crypto currency projects both big and small, new and old. But the strength of our project is that we have a working business model which most other projects don't have. You your self are the best proof of the successful functioning of our project! (edited)

We just have to stick to our new road map and the other things will follow.

SWATCoin [10:56 PM]
We have a well thought out road map based on the suggestions and feedback of all our SWAT Coin Community members which was discussed in detail by everyone and it will act as a foolproof blueprint which will surely take us to success in the next two years. We just have to keep working hard in a focused manner and achieve all the deadlines mentioned in it. We will also try to incorporate new ideas and suggestions based on the inputs from our supportive and proactive investor community.. Success is bound to follow! We will also get support for our project from the changing business environment across the globe with favorable regulations ensuring more acceptability of crypto currencies and block chain projects in the foreseeable future!

From Slack:

SWATCoin [8:42 PM]
Good News once again from our Iran Market! Our D & M Member @antarmontar has sold one more SWATMINER APP.. This time to his friend.. Good job Ehsan! I appreciate your efforts in bringing your friends into our project... Well done!

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Thanks @Shawn @casinista86 @SWATComfortZone @Kevin @lucian @johnnylongdoan @Yang soo gun @antarmontar @Piotr Urbański for your appreciation.. With just a bit more buying support we can set our base price at 0.001 USD which is one tenth of a cent. I strongly believe that should be our base price now. I am sure we will reach there soon. (edited)
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johnnylongdoan [9:31 PM]
@SWATCoin Thank you, I am currently planning to set up a swatcoin investment group, now we will buy swatcoin every 1 month.

SWATCoin [9:40 PM]
@johnnylongdoan Excellent! I appreciate your continued support! Good to know that you are setting up a SWAT Investment Group.. which means more new investors are coming into the project! Well done Johnny!

SWATCoin [9:52 PM]
I am planning to introduce a co-branded prepaid debit card - SWATCARD based on a suggestion by @hondajazz and launch both plastic and virtual cards to all members of our SWAT Coin Community..
SWATCARD.png

SWAT Market Price on Fat BTC.. Recent price increase of FAT against USD has shifted the trading range of SWAT on FatBTC.. SWAT last traded at 0.016 FAT and this is $ 0.000553.. Hence there is more selling at these prices. At these prices selling just 4000 SWAT (Mined or otherwise) will yield 2.2 USD.. The mining rate is currently going on at around 7000 SWAT per day and will soon be adjusting to lower mining rates.. From the mining side this is a good evolution and step forward for SWAT!

DDEX.IO Wallet to Wallet Trading Exchange has sent us an offer to list SWAT. I have sent a response to them to take this forward.

This is the part of the text from the mail not visible in the image: "This is Bukang, Token Listing Specialist from DDEX (https://ddex.io). Based on community recommendation, we are pleased to provide a pre-qualified listing offer for your token on DDEX."

This offer is based on community recommendation which is really good!

Good news!

SWAT has been listed on the Netherlands Based Blockchain Database *Blockspot* https://blockspot.io/coin/swtcoin/ see attached Screen shot.. I have also sent a confirmation mail to get verified status. Hope to get that soon.

SWAT has been Verified now based on our confirmation mail. See Screenshot below.

Project Update:


As mentioned in earlier posts, though we don't have huge orders right now, we should soon be having a good increase in sales of our Pocket Miners and we keep moving forward in our long term plan to list PM Corp on the Indian Stock Exchanges. And as a prerequisite for that we will continue with our plan of creating the required infrastructure for manufacturing Pocket Miners at a minimum level that is technically feasible. All this is part of the plan for the next 18 months. Have a great week ahead everyone!

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