I still do not quite understand about currency mining. If you do not need expensive equipment, then how will this happen? Coins will be awarded to the owners of the tokens? Can I earn money on mobile devices?
On Ellcrys, mining is a collaborative process between people who run nodes (a.k.a miners), people who have banknotes (almost everyone) and people ready to perform off-chain, manual validation. A miner with a specialised machine needs the people with banknotes to send them to the network, otherwise, there is nothing to "mine". The banknotes act like coal which is required to produce energy. Miners validate/mine this "banknote" to create coin candidates. Coin candidates become final once they receive enough votes from manual validators. New coins are shared between all parties.
You will be able to earn money in by:
- Sending your banknotes to the network.
- Running a node.
- Participate in off-chain, manual validation
- Contributing to software projects.