Phone Mined Coins as the crypto infrastructure

[Abiky]

Mining coins on mobile phones never work, also this is not what adds value to a crypto project, the last good project I knew of that used mobile mining was Electronuem and the team confessed that the mining strategy is more like cloud mining, so there for it's not real mining.

Crypto mining on phones is never going to be something that brings hype in the future unless a cryptography algorithm is built specifically for phones, at this point this is still impossible.

Look into Metaverse and Play 2 earn projects, I believe these are the next crypto hype in a few years more.

It's no secret that the number of people using mobile phones far exceed those using computers. That should make cryptocurrencies mineable with a phone much more decentralized. The problem is that phones don't have the same computing power as an ordinary PC. With such limitations, it'll be impossible to turn a profit when mining any CPU-based coin on a mobile device. While some coins just simulate the mining process (eg: Electroneum), there are some which actually use your phone's processor to the max.

I believe Magi (XMG) is one of the best (if not the best) coins you can easily mine on your phone because of its unique PoW algorithm. It penalizes big miners by reducing the block reward. Effectively, the "little guy" gets the most coins per block, while the others are left behind in the dust. Not only this enables true decentralization, but it also makes the Blockchain more equal to everyone. I'm beginning to explore Verus which is a coin that can be mined with CPUs. Both Monero and Wownero are also CPU-based, but they're much harder to mine because there are GPUs on the network. Ultimately, it's all about which coins give you the "most bang for your buck". If you're only doing this for fun, then I'd see why you can't mine with a phone in the first place. Just my thoughts

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[zityx23]

It's no secret that the number of people using mobile phones far exceed those using computers. That should make cryptocurrencies mineable with a phone much more decentralized. The problem is that phones don't have the same computing power as an ordinary PC. With such limitations, it'll be impossible to turn a profit when mining any CPU-based coin on a mobile device. While some coins just simulate the mining process (eg: Electroneum), there are some which actually use your phone's processor to the max.

I believe Magi (XMG) is one of the best (if not the best) coins you can easily mine on your phone because of its unique PoW algorithm. It penalizes big miners by reducing the block reward. Effectively, the "little guy" gets the most coins per block, while the others are left behind in the dust. Not only this enables true decentralization, but it also makes the Blockchain more equal to everyone. I'm beginning to explore Verus which is a coin that can be mined with CPUs. Both Monero and Wownero are also CPU-based, but they're much harder to mine because there are GPUs on the network. Ultimately, it's all about which coins give you the "most bang for your buck". If you're only doing this for fun, then I'd see why you can't mine with a phone in the first place. Just my thoughts
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Interesting coz you've mentioned Magi twice already. I'll have to check on this especially on their protocol. Would you also be willing to check on TAU? It looks like you something about codes. Might help, might not but it is a good thing if Magi penalizes  big miners with reduced rewards. TAU  itself has a Fibonacci sequence up so that new miners will always have advantage since they'll have a higher base mining power compared to old miners.

[SirLancelot]

It's no secret that the number of people using mobile phones far exceed those using computers. That should make cryptocurrencies mineable with a phone much more decentralized. The problem is that phones don't have the same computing power as an ordinary PC. With such limitations, it'll be impossible to turn a profit when mining any CPU-based coin on a mobile device. While some coins just simulate the mining process (eg: Electroneum), there are some which actually use your phone's processor to the max.

I believe Magi (XMG) is one of the best (if not the best) coins you can easily mine on your phone because of its unique PoW algorithm. It penalizes big miners by reducing the block reward. Effectively, the "little guy" gets the most coins per block, while the others are left behind in the dust. Not only this enables true decentralization, but it also makes the Blockchain more equal to everyone. I'm beginning to explore Verus which is a coin that can be mined with CPUs. Both Monero and Wownero are also CPU-based, but they're much harder to mine because there are GPUs on the network. Ultimately, it's all about which coins give you the "most bang for your buck". If you're only doing this for fun, then I'd see why you can't mine with a phone in the first place. Just my thoughts

That is because mobile phones are thrice cheaper than the computers plus they are more portable. You cant carry your computer outside and the best part is that mobile phones are now more powerful than the standard computers. This is why projects like the one the op is talking about are now being implemented. That magi (xmg) you shared there is also cool. Didn't knew that there are projects like that who exist who favours small miners than the big miners.

I think the inventor of it was once a small miner and he invented it as a revenge to the big miners. If the coin's value isn't big then we can say that we are doing it for fun but who knows, what if it grew a lot someday?

[Abiky]

Interesting coz you've mentioned Magi twice already. I'll have to check on this especially on their protocol. Would you also be willing to check on TAU? It looks like you something about codes. Might help, might not but it is a good thing if Magi penalizes  big miners with reduced rewards. TAU  itself has a Fibonacci sequence up so that new miners will always have advantage since they'll have a higher base mining power compared to old miners.

TAU has a very interesting concept which is often overlooked by investors and traders alike. It's just like Magi, where only a few people know about it. I don't think any other CPU-mineable coin comes close to Magi (XMG) when it comes to achieving fairness and equality among network participants. Although the project was abandoned by the original developer, it's quickly gaining traction as the community has taken over it (just like Bitcoin). If only XMG was listed on a good exchange, its market price wouldn't have been this low. At least, the network is fully functional.

I'd suggest you join the project's Discord server if you're interested in learning more about it. Here's the link to it: https://discord.gg/EPHw749

That is because mobile phones are thrice cheaper than the computers plus they are more portable. You cant carry your computer outside and the best part is that mobile phones are now more powerful than the standard computers. This is why projects like the one the op is talking about are now being implemented. That magi (xmg) you shared there is also cool. Didn't knew that there are projects like that who exist who favours small miners than the big miners.

I think the inventor of it was once a small miner and he invented it as a revenge to the big miners. If the coin's value isn't big then we can say that we are doing it for fun but who knows, what if it grew a lot someday?

There are many hidden games in the crypto market waiting to blossom someday. It would be surprising if someday XMG goes all the way to the moon. If you mined coins and held them by the time that happens, you'd be making serious money in return. That's why I mine old and abandoned coins for fun. You never know when you hit the jackpot if the project revives sometime in the future. I'd say Magi's model solves the problem of inequality on the Blockchain. Maybe leading cryptocurrencies like Bitcoin and Ethereum will copy its model in the future?

[kotajikikox]

Good day fellas!

Yes its already happening, but do you think this will work out? Considering phones' resources while running such a blockchain.

Phones are much cheaper comparing to Laptop and Personal Computers so i guess the world is going to Phone resources now and sooner, also I believe that if there is something we must consider to be the next hype then this is what like this will bring.
and in digital world the handy is the better .

[zityx23]

Phones are relatively cheaper than computer and it's a basic commodity for communication. It's no surprise "if" there will come a time when blockchain tech is more on mobile rather than on pc. If in current situation only the rich can afford to mine major coins like btc and eth, and they (somehow) also get to decide for the chain? How will it be more centralized in the future? Blockchain advocacy is wider than just a financial asset or traffic in volumes coz it also comes with people authority more than a just a bunch of people with money. Always remember that people in the West can afford of the piece than people in the East in general. And that only create more gaps in access, utility and ownership.
With mobile-handiness and no control even from the early birds, there will be more freedom in the crypto space than there is today.

[sulendra12]

Good day fellas!
After NFT, what will be the next big thing? In just its early stages, seem Phone Mined Coins on trending these days, tho mostly are based on cloud mining/Solo mining and some sorts of simulation mining.

Need to say this but, if people actually introduced to mining with the cloud mining and then we are doing something wrong here. Any sort of simulation mining doesn't reflect real mining in the world, sure they claimed it's from "real" mining rig and shared it for you as a cloud miner but that days are no longer exist just like in earlier days.

Also it does depends on how well the phone infrastructure in the future, you need at least high-spec phone or less scuffed phone-mining app if you don't want to fry your phone.

[zityx23]

Good day fellas!
After NFT, what will be the next big thing? In just its early stages, seem Phone Mined Coins on trending these days, tho mostly are based on cloud mining/Solo mining and some sorts of simulation mining.

Need to say this but, if people actually introduced to mining with the cloud mining and then we are doing something wrong here. Any sort of simulation mining doesn't reflect real mining in the world, sure they claimed it's from "real" mining rig and shared it for you as a cloud miner but that days are no longer exist just like in earlier days.

Also it does depends on how well the phone infrastructure in the future, you need at least high-spec phone or less scuffed phone-mining app if you don't want to fry your phone.

If you have checked TAUcoin's feature, you'll see that it isn't working on POW algorithm that it doesn't really fry your phone. It is really mobile friendly mining. I'm not here to promote but anyone can at least check the project and see that it isn't "simulated" mining or cloud mining as they say. Codes are public and open source so there's no harm in checking.

[michellee]

For beginners, maybe mining using their cellphone can make them curious to try it but not for people who have been in crypto for a long time because they know it's not easy and can put the cellphone at risk of damage. Even though the project says that anyone can mine Tau coin using their phone, but I don't know if it's worth trying or not. Maybe you can try it using a cellphone that you don't use so that if something happens, you don't endanger the data on your cellphone.