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Author Topic: [Question] The First Digital Currency You Can Mine On Your Phone  (Read 237 times)
Jercyhora2
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November 19, 2019, 01:55:20 PM
Last edit: November 23, 2019, 02:03:37 AM by Jercyhora2
 #1


Is there anyone familiar about this coin?
There is someone send me DM on FB saying that it will surpass what Bitcoin have now.

Mining using phone is a great, but I think it will make our phone slow.

Please take a look at this :

White paper :
Sorry I deleted it because someone is thinking that I advertise this coin the fact that I'm not.
< >
You say you're not advertising the coin, but it looks like that to me(by posting their whitepaper and website), if you just received a PM from someone unknown about a coin, it's definitely a shitcoin from a shit project, seeking more people to scam. I wouldn't bother reading their whitepaper or going to that website and I don't think anyone should, it would only be a waste of time.

Website
https://minepi.com/

This post is not advertise the said coin, this post is only for sharing thoughts about it.

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November 19, 2019, 02:02:40 PM
Merited by tk808 (1), CryptopreneurBrainboss (1)
 #2

There are other currencies like Phoneum and Electroneum which can be mined through a smartphone! Electroneum is around for quite sometime now. So it's not a new concept to the market! Also Phoneum is based on a similar kind of concept like Pi.

However, if you truly believe that such currencies will overtake bitcoin or any other major cryptos in the process, you are living in a fool's paradise!

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November 19, 2019, 02:14:43 PM
 #3

i think mining with your phone is not worth because your phone needs to online during the mining and it's can break your phone.

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November 19, 2019, 02:21:55 PM
Last edit: November 19, 2019, 02:33:47 PM by Coyster
Merited by CryptopreneurBrainboss (3)
 #4

< >
You say you're not advertising the coin, but it looks like that to me(by posting their whitepaper and website), if you just received a PM from someone unknown about a coin, it's definitely a shitcoin from a shit project, seeking more people to scam. I wouldn't bother reading their whitepaper or going to that website and I don't think anyone should, it would only be a waste of time.

Do not also get excited about the fact you can mine this coin through a phone, as they claim though, it could either be false or you can go ahead and mine as much as you want, it still has zero value, so what's the need. I Know you do not believe it'll overtake the bitcoin Grin


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November 19, 2019, 02:29:46 PM
 #5

what advantages does it have to overtake bitcoin? Mining on a cell phone is not recommended and it will damage your cellphone a high level of risk if there is a virus and is a waste of your time ,it's better to ignore it and don't expect the shitcoin in the future ,there is no potential to overtake bitcoin like other altcoins that still under its capitalization from bitcoin
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November 19, 2019, 02:31:53 PM
 #6

You said that mining make our phone slow. I think that is why mining need tools that specialized for mining. And use Phone or maybe our CPU to mine coin is bad idea because it can harm our device and in the long run it will damage our device. Maybe not suggested to people to mining with their device but it is all up to them. And like what avikz said, electroneum is coin that can mined by phone too, at least that is what i only know.

 
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November 19, 2019, 02:54:54 PM
Merited by CryptopreneurBrainboss (1)
 #7

This is why you don't entertain random messages on social media  Cheesy Cheesy

That "overtake bitcoin" or some would say "bitcoin killer" is a dead marketing slogan. Those new projects who claims that they can do that will most likely die in the next two years or so.

Other than what's already mentioned as the pioneer in mobile mining, there's also this bitwings who claims to mine eth using mobile phone.


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November 19, 2019, 03:01:16 PM
 #8

This is why you don't entertain random messages on social media  Cheesy Cheesy

That "overtake bitcoin" or some would say "bitcoin killer" is a dead marketing slogan. Those new projects who claims that they can do that will most likely die in the next two years or so.

Other than what's already mentioned as the pioneer in mobile mining, there's also this bitwings who claims to mine eth using mobile phone.
The marketing slogan is not dead yet because it can be used against the newbie, many projects allowed their community to mine their coin through the mobile phone. electroneum is one of them, compared to minepi. electroneum is profitable because has a real value unlike minepi.
bitwings is a different story, it is a project that allows you to mine using their mobile phone. it is not a digital currency.
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November 19, 2019, 03:09:15 PM
 #9

That guy who tells you about PIcoin will surpass bitcoin is living on his dream. Im very familiar with this kind of coin because i had minted electroneum coin in the past and any coin like ETN just another crap coin without any usefulness. Mining use phone will not make your coin becomes slow but it will also burn your phone at the same time. Again, mining using the phone is not a great thing when it doesn't have any purpose at all.

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November 19, 2019, 03:15:05 PM
 #10

< >
You say you're not advertising the coin, but it looks like that to me(by posting their whitepaper and website), if you just received a PM from someone unknown about a coin, it's definitely a shitcoin from a shit project, seeking more people to scam. I wouldn't bother reading their whitepaper or going to that website and I don't think anyone should, it would only be a waste of time.

I think so. If someone introduces you the coin via PM, you can't get any benefit from it. Phone mining has been available for a long time, it has not spread widely because it damages the phone a lot. You should move out from this idea, the earnings you provide will not be enough to repair the phone.

Or investigate Bitwings, they claim that 2 ETHs could be mine in a month with the phone they created. For more...
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November 19, 2019, 03:16:57 PM
 #11


Is there anyone familiar about this coin?
There is someone send me DM on FB saying that it will surpass what Bitcoin have now.

Mining using phone is a great, but I think it will make our phone slow.

Please take a look at this :

White paper
https://minepi.com/white-paper

Website
https://minepi.com/

This post is not advertise the said coin, this post is only for sharing thoughts about it.


I remember Electroneum was the first to claim that. Though I also have pi along with electroneum in my phone. Tau also seems to have a mobile mining app, a real one, but it drains the battery very quick. Phoneum also had a tester app, don't know if they are out of bet yet.



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November 19, 2019, 03:26:13 PM
 #12

Electroneum is the first digital currency that can mine on phone only... although in technicality you can mine bitcoins, ether and other cryptocurrency on your phone the problem is the hashrate of the network which is very high in some currencies so, mining in phone is nearly impossible since the gpu and cpu cores aren't strong as on those in computer itself.

 
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November 19, 2019, 03:57:01 PM
 #13



There seem to be no details of it where you can trade it. It would be pointless to mine it if there is no market for it. Building a community for the project is a lot harder if there is no market and no real use for this coin.  Mining through phones is good if its really possible. Getting people to be involve and use it is a big problem not just to coins like this one.

But how do you get an invitation?  You see we even need an invitation to download the app.


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November 19, 2019, 04:07:57 PM
 #14

Quote
Mining using phone is a great
It's not.

However, some of the coins offering us mining their coins with your phone. If you want to know, you not really mining you only just got a share hash rate virtual from them also some a few apps using this method to mining other coins with coin miners. It's means, you got a hash rate virtual from them and your reward its a shitcoin, but they will have a real hash rate mining other coins who have a high value. I better working as a captcha typer instance using my phone device for mining like this.
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November 19, 2019, 04:11:07 PM
 #15


Is there anyone familiar about this coin?
There is someone send me DM on FB saying that it will surpass what Bitcoin have now.


This post is not advertise the said coin, this post is only for sharing thoughts about it.

Did you believe that noob guy? Whoever claimed that it will surpass bitcoin they all died badly. I have no interest in mine these shit altcoins who has no popularity but yet they want to beat Bitcoin or even compare.


Mining using phone is a great, but I think it will make our phone slow.

How can you say mine using phone is great? Did someone earn huge money by mining from a smartphone? Yes, there is a possibility as this is a very easy process so anyone can do it., If a proper smartphone-based mining coins come, everyone will support them.

 
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November 19, 2019, 04:18:44 PM
 #16

I am popular with Electroneum that may be mined with the smartphone. But First I tried to mine Raiblock [Todays NANO] via my smartphone. Maybe it is not called mine actually. when launched the Raiblock [NANO] there was a system that people can earn the coin by data entry/ completing captchas. Even on that moment, I am not familiar with this forum. So that was my first coin earning with Mobile.

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November 19, 2019, 04:30:36 PM
 #17

Firstly your average mobile phone weren't meant for mining so I don't buy into the idea as it'll be putting your smartphone at the risk of battery life short span. If smartphone companies interested in cryptocurrency (like HTC, Samsung etc) were to invest into manufacturing smartphones that could be use for this purpose without endangering the lifespan of the phone then i won't have a problem. Thirdly be extremely cautious of any project adverting themselves as the next bitcoin via price gain as that's a common marketing strategy employed by scammers to create FOMO among greedy cryptocurrency enthusiast to steal their funds.

Conclusion; there's nothing that special about this project, nothing new like others have stated. We have seen different projects come out with exact idea and most of them aren't progressing per se, this won't be any different.

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November 19, 2019, 04:58:48 PM
 #18

I've never heard of that coin before. But I think mining on a phone is not a good choice, it seems half-hearted. If you want mining why not focus on assembling RIG or buying antminers as well. Honestly, in my opinion it's really not worth it and will only create a burden on your phone.
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November 19, 2019, 05:08:33 PM
 #19

I can hardly imagine that such coins will ever get successful. Mining on your phone is a very interesting concept, but has nothing to do with revolution or bringing crypto on another level. A cool idea, nothing more.
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November 19, 2019, 05:49:56 PM
 #20

The best mining phone i can think of right now is wings mobile wx which can mine up to 2 eth per month, too good to be true? i guess not, many failed to do thorough research on how this might be possible, i think bitwings team find the answer, Neobit which is as good as bitmain that build bitcoin asic miners today, neobit find way to make this possible using POD (Proof of Data) instead of POW

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