simulated ? what the heck is the purpose of that?
RE: Electroneum. Does money grow on Trees?? It very well may, but from your cellphone ;)
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Electroneum. Does money grow on Trees?? It very well may, but from your cellphone ;)
In the app, you'll see that your device gets a rating and your payout is based on this rating. They don't need to use your device for mining because well, mobile devices are general purpose devices and doing proof-of-work kind of pointless busy-work calculations is a waste of a general purpose machine. Your phone would get hot, and it won't be able to compete with a specialised mining rig.
Mining happens server-side, on Electroneum's own servers. They just want to ensure that they do pay out mining rewards to people who are going to make use of Electroneum as either a store of value or as a currency.
Your device does simulated mining, so you don't have to compete with bad-ass machines. Real mining occurs on Electroneum's servers, and you get payouts only once a minimum level of mining has been reached. It's load balancing, that's all.
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Well thats just it if you download the app you will see. They say simulated but you get the real 'mined coins' It works all im saying :)
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hmm no thx I do not trust that. :-)
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Hehe 137000 odd folks do ;)
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Seems like you were right.. I had a lot of mining happening there and they haven't paid out yet. It just disappeared. Anyway, deleted this app. Cheers electroneum.
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