The Tech Quiz - Season 30
Hello everyone,
It's a pleasure to write once again in this community about the contest organized by @malikusman1. The contest here is centered on crypto Mining and I will discuss my understanding of the said topic via the tips given below.
Airdrops and mining are the major ways to earn crypto for free in the crypto space. People have made millions of dollars through mining and airdrops. Today I want to share my little experience on the said topic. Without further ado let's get started.
| What are crypto mining apps? |
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Application as we all know is software that we use on our phones for one purpose or another. This application ideally is designed for specific purposes and we have some. examples of applications such as Markor, WhatsApp, Telegram, etc.
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All the above-mentioned application have their purposes and in the same way, mining application have their purposes as well. So in summary mining applications are those applications that one uses to mine cryptocurrency.
Today if a new crypto asset is coming to the limelight, the founders distribute a small percentage of the token for free through the process of mining and airdrop. So during mining, you get the asset for free.
The mining applications are used to get the coins by performing some tasks on the application such as checking in once in a while maybe daily or within some specific hours.
| Did you mine any coins? Pls share with us. |
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Yes, I mined and I'm still mining some. coins at the time of writing these articles. I mined CORE and today I have a few coins in my exchange that can be traded to earn fiat or other cryptocurrency.
Also, I'm currently mining other cryptocurrencies such as Compad which will be listed on the 29th of June this month, Maldorine which will be listed on the 12th of June this year, and many others which I can not list at the moment.
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These are all mining that are done using different mining apps because as the cryptocurrency wants people to mine their coins, they will make available their applications which everyone who wants to do mining will use.
Aside from the application Mining, we also have Telegram mining which is currently the most trending type of mining at the moment. I haven't gotten more from this project on telegram though but I want to believe that among the many I'm currently doing a few will pay well.
| Pros and Cons of Mining. |
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The pros of mining are as follows in the list below
Mining helps you to earn crypto for free before the listing
Mining helps you to know about the technology and how it works also helps you to know more about new things while using the app since they are designed to operate differently.
Mining helps you to connect with more people since every mining app has a social handle of the team attached to it.
The cons of mining are as follows in the list below
It consumes your time because you must always check in to activate it for it to continue.
It consumes our data especially those that won't work until your data are on.
It may lead to a waste of time and resources since we have many projects today that are not legit. They will scam you and collect the little you have and a good example is cakecore.
I want to finally invite @josepha @solaymann and @msharif to join the contest here in this community today and share their opinion as well.
NB: All screenshot were taken from my phone. Some from mining app and the others from telegram mining
Thank you, friend!
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https://x.com/xavierf14044615/status/1799075598436098549?t=S76CsXvhgP8r6JYXSKrR6g&s=19
I wonder if it brings anything or let's say enough to go through that trouble.
I used some apps too but the clicking kind of weird games didn't bring me much. Exchanging was hard too.
Now I only have apps for LTC and BCH. It brings a bit but to be honest even if I click each hour at the end of the month it's a few cents.
Energy, phone, time it all costs me more.
Writing for platforms with the chance to earn a bit is a better option.
You explained it well.
Good luck and all the best to you.. 🍀❤️
You are right, the tapping is not easy and most of the project are fake. Though there are few legit project like the NOT coin that was launched a few months ago.
I hope they still are in one year time.