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Author Topic: Start Mining MIB Coin on your smart phone.  (Read 16942 times)
panjay
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May 02, 2019, 10:48:05 PM
 #161

the current price of MIB is quite good
~snip

I think it has to do with this

Quote
MIB MAINNET TOKEN SWAP
right on their website when you open it. Not sure though if this has another leg up.



I see they have a quite big community
Quote
Hello from MIB team.
MIB has 12,000 mining smartphones from approx. 60 countries over the world and there are 20 Mining Pools online.
https://twitter.com/mibcoin/status/1094823844039221248

but they don't quite active in here looks like..
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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May 03, 2019, 08:34:10 AM
 #162

Absolutely right, the number of coins is very influential from the income that will be earned or the big profits that will be achieved. But if you have big capital and you will feel a big profit.
However, the point is that we do mining using a smartphone, and I think it is inappropriate, because it could happen to damage to the smartphone that we have. this might be a good solution for those who have many smartphones that are not used. but, I think for those who want to just try, I think it will be a bit risky for our smartphone, moreover doing this must be 24 hours without stopping.

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May 03, 2019, 08:58:27 AM
 #163

btw to mine this coin is the category smartphone with a pretty high end gpu like the Adreno 540 can get a pretty fast hashrate? or more worth using a mid-end smartphone that might be low end, but with a lot of devices?
I think that will still make your smartphone damaged, it's better if you want to do mining then you can use a device like a computer that can be more heat resistant.

It is good to mine in Computer instead of smartphone because of today expenses Smart Phone become more expensive than the Laptop. Surely it will damage your mobile phone if you start mining in Mobile phone.
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May 03, 2019, 09:45:32 AM
 #164

Lol...that's looks "funny" to me in a way looking at the picture attached. I don't see it as a good idea to subject smartphones to that stress. Moreover, this requires your smartphones to be connected to it but smartphones are something we carry along wherever we go so how are you gonna deal with that.

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May 03, 2019, 06:13:48 PM
 #165

[cut out]

I can't remember where I read about mib, there was written that the total supply of 600 million. Now there are already 300 million, the rest will be mined.

Absolutely right, the number of coins is very influential from the income that will be earned or the big profits that will be achieved. But if you have big capital and you will feel a big profit.
[/quote]
600 million is not the biggest emission. In the future, such coins may cost about 1 dollar.

Often there is a need for additional charging of the smartphone. For this, even Power bank exists. If you actively use a smartphone during the day, then such mining is hardly possible. Even as low energy compared to bitcoin minein. It can only be at night with recharging. Buy mobile devices specifically for mining? hardly.

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May 04, 2019, 05:21:46 AM
 #166

the phone cannot withstand the heat generated by mining. i think: it is not really mining. it may just send coins at regular intervals. i won't take risks and use my own mobile phone.

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May 06, 2019, 01:33:02 PM
 #167

Yes, we are moving. Farm of the phones. Do not know, and that's how profitable it is? The question is different. How phones withstand the load. Ventilation is absent, constant electric power heats the batteries. How much is this smartphone. And there are versions that can still explode.

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May 07, 2019, 02:41:53 PM
 #168

Yes, we are moving. Farm of the phones. Do not know, and that's how profitable it is? The question is different. How phones withstand the load. Ventilation is absent, constant electric power heats the batteries. How much is this smartphone. And there are versions that can still explode.
I think the benefits obtained are not as much as the capital used because mining uses smartphones and it is very dangerous, smartphones are not suitable for mining.

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May 07, 2019, 02:54:03 PM
 #169

Which algorithm that this coin use? Not sure mining with smart phone is a smart move after all because I never heard that someone mine a coin in smart phone and make profit.
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May 08, 2019, 07:48:46 AM
 #170

If you do not mind, I will post here a link to the pool, which I use myself. http://god.mibpool.com . The project is really interesting. Most importantly, mining does not load the processor. If look more deeply, then in fact it is an imitation of mining. Therefore, for a smartphone, you can not worry too much.

Hi! MIB Miner actually uses the processor to compute real hash algorithm. The smart algorithm which is suited for mobile device enables Smartphones to mine cryptocurrency.
If I am to make a comparison here ,Electroneum did announce some sort of mining simulations, not making use of the phone processor (not really mining). If MIB were to offer something different, that would be impressive. My only fear is that it could take a huge toll on the phone's durability. Real mining is a drain on any device or are there safeguards against this?
This will not damage the smartphone as it is because this is native mining that does not use an Android processor and only simulate mining. so there will be no bad side effects on the smartphone
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May 08, 2019, 08:55:54 AM
Last edit: May 08, 2019, 12:19:11 PM by viljy
 #171

There are 2 days left before the opening of deposits. I wonder how much the coin price will drop after the token swap.
Millions of coins mined pawnshop owners. The coin does not have any special qualities, except that mining on the phone. So what? Now it is not uncommon.
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May 08, 2019, 09:16:32 AM
 #172

Yes, we are moving. Farm of the phones. Do not know, and that's how profitable it is? The question is different. How phones withstand the load. Ventilation is absent, constant electric power heats the batteries. How much is this smartphone. And there are versions that can still explode.
I think the benefits obtained are not as much as the capital used because mining uses smartphones and it is very dangerous, smartphones are not suitable for mining.
well, when you feel that mining coins is a profitable thing, I think selling smartphones and buying GPUs specifically for mining is far better and has little risk. well, maybe seeing pictures mining using a smartphone on this thread is new to me. but, I think this is quite dangerous.

.SUGAR.
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May 08, 2019, 11:24:39 AM
 #173

Yes, we are moving. Farm of the phones. Do not know, and that's how profitable it is? The question is different. How phones withstand the load. Ventilation is absent, constant electric power heats the batteries. How much is this smartphone. And there are versions that can still explode.
I think the benefits obtained are not as much as the capital used because mining uses smartphones and it is very dangerous, smartphones are not suitable for mining.
well, when you feel that mining coins is a profitable thing, I think selling smartphones and buying GPUs specifically for mining is far better and has little risk. well, maybe seeing pictures mining using a smartphone on this thread is new to me. but, I think this is quite dangerous.
Definitely so. Phones as a means of performing computational tasks are not even on a par with modern computers. There's nothing to say else

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May 08, 2019, 03:16:53 PM
 #174

I calculated mining MIB coins in a smartphone had a little loss, you try to think, I tried a day of mining only got 10 MIB coins, with the current price of 1MIB = $0.025
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May 12, 2019, 05:06:10 PM
 #175

Mib needs to do some marketing. There is no social media or community development.
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May 12, 2019, 10:41:01 PM
 #176

It seems not profitable. You can mine this coin through a smartphone that doesn't make the coin profitable. Many smartphones can cause burn issue because of this whole day mining process. Once I tried electroneum coin to mine on my phone and the result was full of disappointment!

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May 13, 2019, 06:05:32 AM
 #177

It seems not profitable. You can mine this coin through a smartphone that doesn't make the coin profitable. Many smartphones can cause burn issue because of this whole day mining process. Once I tried electroneum coin to mine on my phone and the result was full of disappointment!

Yes, still there are many people mining Electroneum on the mobile phone but the percentage we are getting is very low through this mobile mining app, due to the market conditions the price of ETN coin is useless to mine them on the mobile phone. Even fed up with ETN mining through the mobile app.
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May 13, 2019, 02:33:53 PM
 #178

Since I came in contact with this thread, I have been trying to follow the progress of the project but seems to me like a pipe dream, there are some things that are not meant to be, the risk to reward of mining with smart phones is very high, and looking at what people are getting for their effort it doesn't worth it.

.SUGAR.
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May 16, 2019, 10:55:40 PM
 #179

Can we do this with tablets? Which android versions does this work?
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May 17, 2019, 06:39:25 AM
 #180

It seems not profitable. You can mine this coin through a smartphone that doesn't make the coin profitable. Many smartphones can cause burn issue because of this whole day mining process. Once I tried electroneum coin to mine on my phone and the result was full of disappointment!
I’ve tried to mine using smartphone and I have found out not profitable. Exactly, this is why I stop mining coin using smartphone which causes problem and not worth it at all.
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