Is Offline Mining Actually a Thing?

[AltLord]

Hey guys, I've always had an eye for earning passively and amongst my strategies as everyone in my cycle, is mining fringe tokens. In the recent past, I believe a lot of miners were able to earn some substantial rewards from tokens like Avive, Ice etc...

What puzzled me was when I came across Canxium a new mining prospect that introduces a concept of offline mining. They said their offline mining facilitates the areas with less or no internet access to mine CAU.

I just wanted to know how that could be feasible and how they would be syncing the data on the blockchain etc? Have anyone heard of this? How does it work? Is it worth it?

[Mate2237]

I don't know how that id possible because as you said mining need internet to synchronize the data in the Blockchain so if they are saying their system of mining does not need internet service then they have to explain more to us. Or you can drop the link of the information. Well I just checked the website and I saw the news on the home page of the project. https://canxium.org/ but their website is working with internet so I don't think the mining will be automatically done with offline.

And if they do then the coins are not in the internet but in the software or the app as you download the app, you have already downloaded the token. Then you mind it from there.

[jrrsparkles]

Whatever crypto knowledge I acquired in all these years doesn't make sense when we say offline mining because mining is something that is used to confirm the transactions which used proof of work so that it needs to be online and has to constantly compete against others to find the rewards so I am going to say this doesn't make sense, anyone please correct me if I am wrong.

[asriloni]

I just wanted to know how that could be feasible and how they would be syncing the data on the blockchain etc? Have anyone heard of this? How does it work? Is it worth it?

It's kinda stupid if you believe it. Been here for almost a decade and i have been seeing so many garbage tokens that used offline mining as their marketing. It will never work. There will be no offline mining projects that got a success. it's just a stupid idea to fool the zero knowledge crypto users.

Even though i know that canxium gets listed on bitget and it's no more than a garbage token. There's no need to mine it now. it has low price and very low liquidity. It's only wasting your time.

The better to take another token considering it will be very useful for you rather than it.

[BitMaxz]

I never heard of any project like this where you can mine offline.
The only project that I heard near this concept is Mimblewimble where you can send transactions offline P2P without the internet but mining their coins still needs the internet.

For me, this would be easily manipulated by hackers if it can be mined offline and I think it would experience many issues in the future if many people mine and submit their data once they are online.

So it's impossible because you do not know if the miner submitted to their blockchain is legit or not unlike on Bitcoin it must be connected online and the individual who owns nodes can validate any transaction if it doesn't follow the consensus rules the transaction is likely to be rejected.

[batang_bitcoin]

Offline mining? how are you going to see your rewards if it's offline? IMO, the mining thing in crypto has been exploited by many projects for them to get that attention they want from many potential investors. Before, there is the cloud, the mobile and so on.
But most of them aren't successful and ends up as a scam because there is no other type of mining that's genuine and that's through the hardware using GPU, CPU, HDD, ASICS, and other equipment too.

[Bournesparks]

I don't know how that id possible because as you said mining need internet to synchronize the data in the Blockchain so if they are saying their system of mining does not need internet service then they have to explain more to us. Or you can drop the link of the information. Well I just checked the website and I saw the news on the home page of the project. https://canxium.org/ but their website is working with internet so I don't think the mining will be automatically done with offline.

And if they do then the coins are not in the internet but in the software or the app as you download the app, you have already downloaded the token. Then you mind it from there.

It seems to be possible, they just released a thread explaining it. you can check it out. https://twitter.com/canxiumchain/status/1790270632053391451?t=nLqw2sAKnvSn41B5gPuFWA&s=19 and it seems most users are buying the idea because $CAU is on Bitget's top gainers atm. Which indicates persistent interests in the project. Let's see how it unfolds.

[peter0425]

I am not all that familiar with offline mining to be honest. It’s definitely a new concept but I researched about it and it’s not all totally offline.

They still need internet connection but only on a specific amount of time. And that is only to sync the blockchain otherwise they do not need it as the hardware is specific to the kind of mining that they are about to do. After some time, they would need again internet connection to synch to the blockchain and that is when they will have those rewards.

I don’t think at this point completely offline mining is possible.

[Kelward]

I don't know how that id possible because as you said mining need internet to synchronize the data in the Blockchain so if they are saying their system of mining does not need internet service then they have to explain more to us. Or you can drop the link of the information. Well I just checked the website and I saw the news on the home page of the project. https://canxium.org/ but their website is working with internet so I don't think the mining will be automatically done with offline.

And if they do then the coins are not in the internet but in the software or the app as you download the app, you have already downloaded the token. Then you mind it from there.

It seems to be possible, they just released a thread explaining it. you can check it out. https://twitter.com/canxiumchain/status/1790270632053391451?t=nLqw2sAKnvSn41B5gPuFWA&s=19 and it seems most users are buying the idea because $CAU is on Bitget's top gainers atm. Which indicates persistent interests in the project. Let's see how it unfolds.

If it's possible to mine offline as this project claims, then let people that wants to explore it to give it a try and we'll see how it works out, as an experiment for others to learn. I'll not be involved in this offline mining, because it doesn't sync with how I believe that mining should work, I believe that mining should be done online, as it has always been. Offline could be the next evolution for crypto mining, but I highly doubt.

[mk4]

Conceptual and technical flaws aside (because lol), before thinking about mining literally anything, first think for yourself if what you're mining will end up worth something in the first place. But yea if you were to go through with this, make sure to insta dump every day because this likely won't hold up in months/years.

[Tipstar]

I don't think offline mining exist as you need to be connected to the network in order to confirm transactions. You can't just confirm transactions when you don't know how they are happening. There could be simulated mining that runs offline, that's like a pretend mining game that lets you get some real coins while they display some animation but that too won't work as any offline app can be hacked to manipulate and can be reworked to original state when coming online. Some apps tackle that by making you come online often that makes them not completely offline.