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RE: The Rise of Cryptojacking
I am currently mining 10 Etn (electeoneum) per day using a spare android phone just for the fun of it. Electeoneum is a crypto that employs the cryptonight algorithm which is most efficient using a cpu as opposed to a gpu rig. It is mostly an effort to combat ASICS as they seriously skew the mining process. Albeit ETN mobile is completely separate from pool mining the usual way the concept is the same.
Hows that working out with the phone then? as in is it worth the time, excuse my ignorance on this, I have never heard you could do it on a phone before.
Electroneum is a "mobile centric" crypto. Their app which is available on android doesn't actually do any mining in the traditional sense. In their ICO they delegated a certain amount of the initial coins to the mobile mining platform. The app runs a custom algorithm that estimates the hashing power of the device and uses that to collect ETN. at a rate of 110 H/s I get about 10 ETN per day. Current market value is $0.02 USD. so about 20 cents a day from a spare device isn't bad.
On the other side of the spectrum, if mining with a decent Core i5 or i7 the traditional way you can net about 3 ETN per day. That's why I say the crypto is entirely mobile centric.
I understand now, thanks for taking the time to explain that, much appreciated.
interesting talks :)
cheers.