Countless Telegram Mining Apps - Crypto Adoption or Devaluation?

[Altcoiner007]

The success of NOT coin, a telegram mining token, has led to a surge in participation of younger individuals in my community and online who have little knowledge of blockchain technology and cryptocurrency. It's both exciting and concerning to see them jump into mining tokens on telegram without any understanding of the technology behind it. Some seem more interested in quick profits rather than learning about this growing industry.

Their constant questions about when mining will end and how to sell tokens make it seem like blockchain cryptocurrency is just a way to get rich quickly. While I initially saw these trends as a positive sign of crypto adoption, I now worry that it's diminishing the value of being known as a legitimate crypto investor, as more and more individuals claim to be involved in cryptocurrency without truly understanding it.

I can't help but wonder if others have noticed this trend as well.

[muncuss]

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

[avikz]

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

I disagree! A lot of telegram mining coins try to sell higher mining power for some money. And it is not just limited to telegram mining. There are a couple of coins which can be mined from mobile phone and the story is same there. They have different memberships to provide you with higher rewards.

I would advise people to stay away from such kind of coins or tokens. You never know what kind of data they are gathering from your mobile device and what they are doing with that.

[jrrsparkles]

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

I disagree! A lot of telegram mining coins try to sell higher mining power for some money. And it is not just limited to telegram mining. There are a couple of coins which can be mind from mobile phone and the story is same there. They have different memberships to provide you with higher rewards.

I would advise people to stay away from such kind of coins or tokens. You never know what kind of data they are gathering from your mobile device and what they are doing with that.

This is the first time I am seeing telegram mining apps which kind of a lame term by the way cause anyone who is aware of technology know it's not possible.

And from your statement I kind of feel like it's just something similar to cloud mining scams but in different attire that might lure some people for sure but better not to aim for the free money cause no one will be doing that unless they make something out of it.

[electronicash]

you worry too much about those users. you can't stop those guys even if you go to their channel they will not mind if you say the app is a scam, they will even suggest to the admin you be banned 

if they are just mining and not spending some money to participate, then they will realize it soon, it's a scam. someone in that channel will be able to search for what exactly is happening. 

[DiMarxist]

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

I disagree! A lot of telegram mining coins try to sell higher mining power for some money. And it is not just limited to telegram mining. There are a couple of coins which can be mind from mobile phone and the story is same there. They have different memberships to provide you with higher rewards.

I would advise people to stay away from such kind of coins or tokens. You never know what kind of data they are gathering from your mobile device and what they are doing with that.

I agree with you, most of the airdrops on telegram are to promote their telegram channels and other social media platforms and that is why if you want to upgrade your level in some airdrops in the telegram you have to pay for premium for you to promote your mining speed and increment of the tokens. And that money you pay it goes to their account and you don't even k ow if the airdrop will be listed for you to get your money back or if it is listed finally,  what about the value of the coin.
I see this as the new method to scam people and to create more population to their social media platforms. Because when you are mining, you they will ask you to follow their social media platforms to increase your token or coins.

[Wexnident]

~

I mean if the mining tokens purpose was to get mined and to provide profit, I'd say it's proper adoption. If, however, it runs contrary to its purpose (or just fills a part of it), it's probably a failed model in the first place. I mean, just the fact that people keep asking "when" it'd end and "when" they can sell seems like a failure to me since they let the vast majority of their users be able to mine said coin with no limits or no specific qualifications, so there's basically close to zero limit to what they can mine. Sounds like a recipe to crashing the market to me.

But well, just let them be I suppose. As long as they aren't downloading something or are paying for it, I'd say let them waste their time lol.

[Altcoiner007]

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

I disagree! A lot of telegram mining coins try to sell higher mining power for some money. And it is not just limited to telegram mining. There are a couple of coins which can be mind from mobile phone and the story is same there. They have different memberships to provide you with higher rewards.

I would advise people to stay away from such kind of coins or tokens. You never know what kind of data they are gathering from your mobile device and what they are doing with that.

This is the first time I am seeing telegram mining apps which kind of a lame term by the way cause anyone who is aware of technology know it's not possible.

And from your statement I kind of feel like it's just something similar to cloud mining scams but in different attire that might lure some people for sure but better not to aim for the free money cause no one will be doing that unless they make something out of it.

It may be that you're not following the recent trend. They are tokens mined with bot hosted on Telegram. It's actually mined through playing some form of games. Like tapping the image which generates points for the miners and are later converted to the token after snapshot. And like Notcoin, they're trading on different exchanges. Not so sure whether to say they're like cloud mining as I generally do not engage in mining. Like you said, I can't really say what's in for the dev. team though.

[Altcoiner007]

you worry too much about those users. you can't stop those guys even if you go to their channel they will not mind if you say the app is a scam, they will even suggest to the admin you be banned 

if they are just mining and not spending some money to participate, then they will realize it soon, it's a scam. someone in that channel will be able to search for what exactly is happening. 

Maybe this is different. Although they're becoming too numerous to count some of the mined tokens so get listed and traded which makes more new ones to emerge. It's why I worry over the effects these mining activities have on blockchain cryptocurrency adoption.

[Altcoiner007]

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

Well, I don't think they cost money from all I see. Just the time engaging in the mining activities as they require tapping as frequent as the user possibly can.

[batang_bitcoin]

Yeah, because of this trend, the adoption has increased. But it's also about this;

as more and more individuals claim to be involved in cryptocurrency without truly understanding it.

I can't help but wonder if others have noticed this trend as well.

But it isn't a problem whether they are legit crypto people or not. As long as they're on it and they do not harm others from participating into these airdrops and tapping projects, let them enjoy this run because we might not see this trend after the bull run once it has passed. There's always something new to the market and that's what we have to check out and whoever gets on it first are always the winners. While with these kind of projects, more followers are trying their luck and I am expecting some downside of it.

[nelson4lov]

The telegram bot/mining meta is not an all-round negative but actually net-positive if you think about all the new users notcoin and notcoin wannabes have onboarded to the crypto space. I know most of these users joined with the intention of getting paid or making money from those endeavors but if we can onboard users and retain them, that's a big plus. I have a couple of friends that aren't crypto native but they got lucky via their participation in notcoin and now they're full time crypto folks but they got to see how fully autonomous everything about crypto is. A classic case of "come for the money, stay for the tech".

[Ben Barubal]

This already happened previously with meme trend, but at least this time it dosnt cost any money so no loss from scam. Also crypto is popularized by the volatility of the price so new people expecting get rich is kinda expected

   I don't believe in telegram mining apps, to be honest; most of them are just a waste of time, so instead of wasting my time on that, I'll just spend it doing trading activities on the exchanges instead.

   But the adoption of cryptocurrency on Telegram is fast because there are many communities that are really looking for extra income in the crypto business industry, so there are also many victims of exploitative people.

[Bureau]

After the immense success of not coin these mining apps have now come up. They are trying to cash the hype which was expected. The pattern is similar to what we all have seen with meme coins. I am expecting one or two of such projects getting similar success in the similar manner like meme coins.

[oktana]

The hype from NOTCOIN was so loud that a lot of people joined crypto and became experienced overnight. I met someone and he was telling me how they’ll get money from tap swap (which started gaining popularity as well) on the 30th. Telling me he has millions of the coins, I had to elaborate to him that it’s not the coins but he was getting shares which will have a swap ratio in the end, and that he wasn’t getting any actual money on the said date. Though not very defensive, he listened. The average new person is unlike him, they’ll argue with you who has been in the community for much longer and talk like they hadn’t joined the crypto community last week.

[Altcoiner007]

The telegram bot/mining meta is not an all-round negative but actually net-positive if you think about all the new users notcoin and notcoin wannabes have onboarded to the crypto space. I know most of these users joined with the intention of getting paid or making money from those endeavors but if we can onboard users and retain them, that's a big plus. I have a couple of friends that aren't crypto native but they got lucky via their participation in notcoin and now they're full time crypto folks but they got to see how fully autonomous everything about crypto is. A classic case of "come for the money, stay for the tech".

This would be the interesting part of it if we have a few who "come for the money, stay for the tech." Just that a lot others don't care.

[Altcoiner007]

The hype from NOTCOIN was so loud that a lot of people joined crypto and became experienced overnight. I met someone and he was telling me how they’ll get money from tap swap (which started gaining popularity as well) on the 30th. Telling me he has millions of the coins, I had to elaborate to him that it’s not the coins but he was getting shares which will have a swap ratio in the end, and that he wasn’t getting any actual money on the said date. Though not very defensive, he listened. The average new person is unlike him, they’ll argue with you who has been in the community for much longer and talk like they hadn’t joined the crypto community last week.

You just have a perfect description of their attitude. Clear! Good you have one or two who listen and are willing to learn.

[muncuss]

Well, I don't think they cost money from all I see. Just the time engaging in the mining activities as they require tapping as frequent as the user possibly can.

yes thats why i said this trend doesnt cost any money unlike meme trend which people need to buy token to get profit.

   I don't believe in telegram mining apps, to be honest; most of them are just a waste of time, so instead of wasting my time on that, I'll just spend it doing trading activities on the exchanges instead.

   But the adoption of cryptocurrency on Telegram is fast because there are many communities that are really looking for extra income in the crypto business industry, so there are also many victims of exploitative people.

i dont believe too or atleast half believe but i can see this is start of a trend in this bull cycle like solana memecoin we experience earlier. Also not much time wasted as it is automatic like idle game while for trading i have a bot running

[betswift]

Well, I don't think they cost money from all I see. Just the time engaging in the mining activities as they require tapping as frequent as the user possibly can.

yes thats why i said this trend doesnt cost any money unlike meme trend which people need to buy token to get profit.

   I don't believe in telegram mining apps, to be honest; most of them are just a waste of time, so instead of wasting my time on that, I'll just spend it doing trading activities on the exchanges instead.

   But the adoption of cryptocurrency on Telegram is fast because there are many communities that are really looking for extra income in the crypto business industry, so there are also many victims of exploitative people.

i dont believe too or atleast half believe but i can see this is start of a trend in this bull cycle like solana memecoin we experience earlier. Also not much time wasted as it is automatic like idle game while for trading i have a bot running

The problem is that the mining apps do not onboard new people and provide zero education or something. Also, the TG has its own ecosystem, so I think it gives almost zero value to the space.

[PhillipDe78]

Yes, there are a lot of them, most of them are aiming to lure subscribers to their telegram channel. Can you imagine how much it costs to advertise in some Hamster with an audience of 30 million?