Mining eth tokens

[savon2k]

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?

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[fanatic26]

No, you are way off base on that.

[Bibi187]

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

[savon2k]

No, you are way off base on that.

How does it work ,can you please tell ?)

[savon2k]

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

[Bibi187]

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

[systemv]

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.

[YIz]

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

[toygg]

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.

[savon2k]

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