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Author Topic: Mining crypto by walking  (Read 924 times)
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January 14, 2020, 06:11:06 PM
 #61

A more feasible would be a token with it's own fitness band. That way they'll have a revenue by selling bands while rewarding their faithful users with rewards for doing what the users thought of doing while buying the band. It would be like a cashback for properly using a product. It would be more effective if an established fitness brand come up with this idea. And atleast give me credits (and a paycheck).

This nature of cryptocurrency hopefully be adopted not only in the fitness and health marker but also to other daily transactions marker. It is my dream to see that futuristic society where crypro will be often used. Though I know that it will still take a long time and many other things will need to happen first. But the continuously adoption of crypto to other industries is a great help to manifest that vision.
It seems to me that the most important thing is that the blockchain is already recognized by society and will be fully used in various fields of human activity, because even devices that do not want to accept cryptocurrency begin to test the blockchain in legal, economic and other sectors of the state system.  But do not forget the fact that cryptocurrency is a pleasant and profitable addition to the blockchain, which increases the possibilities of using the blockchain so that the society receives many times better services.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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January 14, 2020, 07:03:28 PM
 #62

MangoCoinz was previously a special thing that the cryptocurrency market has. It was very interesting but now I don't see it. Hopefully more coins like this will appear. Smiley
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January 14, 2020, 07:06:32 PM
 #63

I have never heard of mining cryptocurrency by walking, it is a good thing. As far as you can tell, it is well worth the use. I wonder if there are any other projects like this?
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January 14, 2020, 07:17:57 PM
 #64

Unfortunately, the MangoCoinz project is no longer being developed, I really like this project. If this project exists, I think it will be very developed.
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January 14, 2020, 07:39:29 PM
 #65

the idea of having cryptocurrency mining projects by walking is great for everyone's health. Exercise that pays well is not it  Grin
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January 14, 2020, 09:28:39 PM
 #66

Last year i have seen such projects where they claim that we can get paid to walk or jogg or exercise but when i checked the details one such project was only restricyed to some cities in the US while there were a couple more similar projects but none of them seems to be up and running at the moment, sorry, i do not recall the names at the moment but i will post as soon as i remember.

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January 14, 2020, 09:44:34 PM
 #67

It's a very good concept , at least it has instant use cases that is rewarding. There used to be a project like that also called Gym reward that pays people when they exercise. Seems it has also gone low. These are good concepts that needs to be handled by devs that are professional and passionate about it.
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January 14, 2020, 10:27:01 PM
 #68

I will not be surprised because there is an obvious reason why this project died - No demand for the mined coins. If everyone walks (mines), who will buy the coins? What other uses can the coin be utilized for? Since there is nothing of note, the volume on exchange will slowly die out and less people will use the app. Death of the project comes next.

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January 15, 2020, 08:19:51 AM
 #69

there is an existing app that gives reward thru altcoin, the project is STEPCHAIN, just download the app, for android user also download google fit, for ios download apple health, just simple open the app and do some small jog or by walking the app will count your steps, 30 steps is converted to 1 STEP COIN, their IEO round 2 was concluded in probit, feel free to check the project that promotes to have good health and use blockchain technology to encourage to people.
I checked out about them but can't find any detailed information about how much funds were raised, etc. They seems legit and also it is a good initiative to start making some STEP coins by doing some exercise but I still doubt how would the project itself earn some profits for itself?

Moreover, I do not really think it would have that great demand in the future so it might just settle as a dead coin once listed on exchanges. I can see that they just completed their IEO phase 2 a month back but I cannot really see how many funds have they raised. There might be a lot of investors who might feel this kind of project makes them land up in profits but yet there would be some who would not consider this worth investing.
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January 15, 2020, 08:30:55 AM
 #70

If there  is such app exists then techos will alter the android codes to make unlimited amount of money without doing the real exercise apart from this it feels like a unique project and will have more demand as well.

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January 15, 2020, 09:03:27 AM
 #71

These type of coins will always end up dead because the use case is worthless, this have no good use but generate profits while walking or running, sorry pal this is not what crypto space ask for nowadays, investors want real projects that will help the entire crypto world

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January 15, 2020, 11:50:33 AM
 #72

i think today we can see some new altcoin give "reward" in his Dapp by walking to somehwere, like this :
https://www.stepchain.net/
or https://sweatco.in/

detail here https://steemit.com/cryptocurrency/@la2410/sweatcoin-earn-cryptocurrency-by-working-out-and-tracking-your-steps
https://www.youtube.com/watch?feature=youtu.be&v=gKr05cuifHg&app=desktop
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January 15, 2020, 02:10:46 PM
 #73

the purpose of the project was that it would be good to indirectly make people walk where now the average person uses a vehicle even if only a short distance away.
but in the investment field I think the benefits have not yet been seen I mean what are they investing for?
if they find these reasons then a project like this is worth investing in.

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January 15, 2020, 02:53:18 PM
 #74

It's a very good concept , at least it has instant use cases that is rewarding. There used to be a project like that also called Gym reward that pays people when they exercise. Seems it has also gone low. These are good concepts that needs to be handled by devs that are professional and passionate about it.
A good concept does not mean that it can be applied in practice. Many projects are created from groundbreaking ideas, but not many can achieve success. Most fail to implement after launched for 6 months and 1 year.

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January 15, 2020, 02:57:58 PM
 #75

It's a very good concept , at least it has instant use cases that is rewarding. There used to be a project like that also called Gym reward that pays people when they exercise. Seems it has also gone low. These are good concepts that needs to be handled by devs that are professional and passionate about it.
A good concept does not mean that it can be applied in practice. Many projects are created from groundbreaking ideas, but not many can achieve success. Most fail to implement after launched for 6 months and 1 year.
You are right, many projects come with dreams and planning that we can say mature. but the reality on the ground is certainly different. there are market factors and other factors that can hinder the development of the project and even make the project stop.
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January 15, 2020, 03:03:24 PM
 #76

A couple of years ago, there was a crypto project named "MangoCoinz" which allowed anyone to earn crypto by simply walking. The app used the smartphone's pedometer to keep track of the steps taken by an specific person. This encouraged anyone to exercise their body while getting paid in return. While this was great back then, the project is no longer being developed. Something like this would've been great to have in the mainstream world today, but I guess there was lack of demand for it back then.

I'd hope that someday a new dev team takes charge of the "MangoCoinz" project or simply create a fork of their own, to allow people to "mine" crypto by walking. It's completely revolutionary way of doing exercise while getting paid in return. Maybe launching an ERC-20 token with its own app will do the trick? Whichever way it is, I look forward towards the revival of an app that would work just like "MangoCoinz" did in its early days.

Do you think something like this will be viable in the future? Huh

there is actually few applications that are rewarding users for movement, and i am using actifit (actifit.io), that is on steemit blockchain, and rewards you for body movement. tokens cannot be retrieved for money at the moment, but there is a possibility for tokens to be exchanged for steemit upvote, and through upvote for money, which is good
of course, it is not much, but it is a startup, and STEEM price can upswing back in future
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January 15, 2020, 03:05:03 PM
 #77

I have my doubts that a similar coin can survive as who would want to walk to make some coins ? If you walk every day to school , work or you simply do sports , then yes , a coins like this can be useful for this type of people but this won't solve the problem that only a minority of the population will use this mining type in order to make some extra income. Also I think that software can be easy tricked to think that the person using it is walking.

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January 15, 2020, 03:10:12 PM
 #78

A couple of years ago, there was a crypto project named "MangoCoinz" which allowed anyone to earn crypto by simply walking. The app used the smartphone's pedometer to keep track of the steps taken by an specific person. This encouraged anyone to exercise their body while getting paid in return. While this was great back then, the project is no longer being developed. Something like this would've been great to have in the mainstream world today, but I guess there was lack of demand for it back then.

I'd hope that someday a new dev team takes charge of the "MangoCoinz" project or simply create a fork of their own, to allow people to "mine" crypto by walking. It's completely revolutionary way of doing exercise while getting paid in return. Maybe launching an ERC-20 token with its own app will do the trick? Whichever way it is, I look forward towards the revival of an app that would work just like "MangoCoinz" did in its early days.

Do you think something like this will be viable in the future? Huh
In my own opinion, it is really a great innovation that you can actually mine and earn crypto by just walking because it is a great way to encouraged people to exercise everyday. Maybe the reason why this mangocoinz is dead today because it has no volume that no one is trading with it.



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January 15, 2020, 03:19:13 PM
 #79

I have my doubts that a similar coin can survive as who would want to walk to make some coins ? If you walk every day to school , work or you simply do sports , then yes , a coins like this can be useful for this type of people but this won't solve the problem that only a minority of the population will use this mining type in order to make some extra income. Also I think that software can be easy tricked to think that the person using it is walking.

Its not what is to actually focus on when coins can be mined by just walking, it can simply be manipulated by automation by someone who would just want to make money. This isn't going to be secure. If it can be done, most of the cheaters out there are going to flock to gain certain amount of coins everyday just to dump the coin.

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January 16, 2020, 11:22:55 AM
 #80

Don't quite understand all these ideas of "mining by walking", "mining by playing", mining by "feeding your neighbour's dog"... What's the point seriously? I think this is funny but nothing more. No real value.

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