A smartphone does a lot of things. It lets you play your favorite songs, read your favorite book, play games, watch movies, watch p*rn (oops), click your friends, click yourself, as well as mine cryptocurrencies. To keep this article suitable for kids, I will particular focus on the last point – mining cryptocurrencies – which I believe might have sound cooler than watching p…. only if you are a Big-Bang-Theory-fan.
The people who have almost achieved this method are not some big corporate junkies selling Ponzi schemes, but a group of computer science students who were simply trying to score an A+ in their science project. We although don’t know the grade they received in the end, but indeed the project surely looks impressive enough to catch eyeballs.
It is called MangoCoinz – a newly launched cryptocurrency that lets you mine itself on a smartphone, using movement energy as its power source. Excerpt from their introductory post:
“MangoCoinz uses the phone’s built in accelerometer sensor for translating movement energy into coins. Basically the accelerometer outputs data that is the phone’s acceleration. Acceleration has magnitude and direction. The phone’s accelerometer has 3 axis (X, Y and Z). The premise of the app was to reward movement with coins, and we are achieving this by adding all of the three magnitudes (absolute values) of every axis with some tolerances and removing gravity (9.81 m/s2).”
For fitness freaks this is your way to earn rewards while exercising. Your phone only needs to be in motion for mining MangoCoinz. And what further acts as a cherry-on-the-top is its ability get mined without using mobile data. The internet is only required when you are syncing the coins. Due to maximum word constraint, I am mentioning a few links where you can obtain more information about MangoCoinz. Here they are:
https://bitcointalk.org/index.php?topic=902788.0
http://coin-network.com/mangocoinz-interview-mining-crypto-on-your-mobile/