Note: Electroneum’s mobile mining experience will officially launch on 5 March 2018. It is currently in beta mode, available to a limited number of mobile phone users. This article takes a look at how it will work when it launches.
Electroneum is the first cryptocurrency that will allow its users to mine it with a mobile phone. This new feature will allow millions of smartphone users around the world to get started with cryptocurrency mining, an industry previously reserved for computer geeks and nerds So let’s discuss how your phone will mine Electroneum when the miner officially launches in Q1 of 2018.
The Mobile Mining Experience
While mining for Electroneum, your phone won’t be performing real mining (as is done with a computer), but rather a simulation of mining.
The Electroneum team has described their mobile app as a Mobile Mining Experience.
Instead of actually using your phone’s CPU to solve complicated cryptographic problems (as is done with real mining), the app will continually monitor the available CPU power on your phone. In this way, it will determine the amount of CPU power that could have been used for mining, had the phone actually been mining.
Your phone will then be issued with a hash rate (speed of mining, if you will) based on its available CPU power. ETN coins will be credited to your online wallet based on this hash rate.
The mining app has already been developed and is currently in a beta testing phase. The Android app can be downloaded from the Play Store here. The iOS version, however, is still under review by Apple and will in all likelihood only launch after the mobile miner has launched in Q1 of 2018.
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