You can't mine SWAT with CPU/GPU or ASIC Miners.
Ok, your algorithm works on air without using the phone CPU ? Now iam tuned! Tell me more.
If you dont calculate anything, then its more an airdrop/faucet app.
The current mining rate per day is 7200 SWAT which is approximately equal to 2 to 3 USD per day, based on the last traded prices of SWAT on p2pb2b.io and fatbtc.com.. The mining rate will adjust itself to deliver a sale price of 1 to 3 USD per day.
On every device the same earnings?
Answer to both your queries above:
Bitcoin mining is plagued by the problem of expensive mining equipment such as Bitmain's Antminers using unacceptably high levels of electricity. And these miners are profitable only if these mining equipment manufacturers and the mining cartels are able to keep BTC prices above 10 K USD by purchasing BTC in the market and by pushing up BTC prices steadily to attract more buyers for these unrealistically high energy consuming expensive mining equipment. that is the reason we saw so many mining groups dumping the S7 and S9 Antminers as junk recently.
https://www.ibtimes.com/crypto-mining-machines-sold-junk-china-amid-bitcoin-price-crash-2735167https://www.ccn.com/bitcoin-miners-are-selling-old-asics-for-scrap-metal-as-price-decline-hastens-obsolescenceAdd to this the mining war between the mining groups moving away to both the forks of BCH (ABC and SV).. Bifinex exchange which has a vested interest in keeping BTC prices high since it was the exchange which was behind the introduction of Tether (USDT) which is supposedly backed by Real USD reserves.. and now it has been found that it is not!
http://fortune.com/2019/04/25/bitfinex-tether-bitcoin/With such unsavory activities going on in the world of crypto currencies which involves the biggest names in the business which keeps the entire crypto currency spectrum on a shaky foundation thereby creating increasing cynicism and skepticism, we need a block chain project to bring back the trust and faith to the world of crypto currencies, in particular make block chain technology acceptable and accessible to the common man! This is what we are trying to achieve with the SWAT Coin project in spite of our modest size and limited financial resources.
Block chain projects are supposed to be transparent with the open ledger system in which the rich and powerful will not be able to collude and manipulate data to help only the rich and powerful and leave the gullible common man in the lurch.. But by reading the above articles we can see that the exact opposite of what was aimed to be achieved in the first place happening with all these suspicious and manipulative activities going on in the background.
Do we need CPU to mine SWAT? Silly question.. It is like asking do we need a CPU to run an android phone! Of course we do! How much is the question. Using the Electroneum Android APP one can mine approximately 100 ETN in a month or two.. Meaning you can earn 1 or 2 USD in a month.. ETN started our initially to put some money in the hands of the common man with this Android mining process. But eventually went the BTC way! We at the SWAT Coin Project want block chain technology and the benefits of it to be available to the common man always! When people can accept and understand POW (proof of work) mining in which the hardware manufacturers and mining cartels buy back the coin in question to retain profitability of the purchased mining equipment to bring in additional sales and POS (proof of stake) mining which is nothing but paying interest on your deposit, I can't see the difficulty in understanding the mining process of SWAT..
We need a simple yet powerful technology to overcome the shortfalls of the above mentioned pitfalls of the existing POW and POS mining process and algorithms which use some technical jargon to confuse and keep the unsuspecting common man at bay! We have attempted to create a project with a simple and lean mining process.. We keep evolving every day and try to create an advantage to the common man and not to the rich and mighty! That is the main advantage of our Lean Mining Technology. Our mining process uses very less CPU, Very less RAM, Very less Battery and Very less Data. Of course this is what the Cryptonote Algorithm started out initially to achieve with its Egalitarian proof of work pricing function..
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The proof of work mechanism is actually a voting system. Users vote for the right order of the transactions, for enabling new features in the protocol and for the honest money supply distribution. Therefore, it is important that during the voting process all participant have equal voting rights. CryptoNote brings the equality with an egalitarian proof-of-work pricing function, which is perfectly suitable for ordinary PCs. It utilizes built-in CPU instructions, which are very hard and too expensive to implement in special purpose devices or fast memory-on-chip devices with low latency.
We propose a new memory-bound algorithm for the proof-of-work pricing function. It relies on random access to a slow memory and emphasizes latency dependence. As opposed to scrypt, every new block (64 bytes in length) depends on all the previous blocks. As a result a hypothetical "memory-saver" should increase his calculation speed exponentially.
Our algorithm requires about 2 Mb per instance for the following reasons:
1. It fits in the L3 cache (per core) of modern processors, which should become mainstream in a few years;
2. A megabyte of internal memory is an almost unacceptable size for a modern ASIC pipeline;
3. GPUs may run hundreds of concurrent instances, but they are limited in other ways: GDDR5 memory is slower than the CPU L3 cache and remarkable for its bandwidth, not random access speed.
4. Significant expansion of the scratchpad would require an increase in iterations, which in turn implies an overall time increase. "Heavy" calls in a trust-less p2p network may lead to serious vulnerabilities, because nodes are obliged to check every new block's proof-of-work. If a node spends a considerable amount of time on each hash evaluation, it can be easily DDoSed by a flood of fake objects with arbitrary work data (nonce values).
One of the proof-of-work algorithms that is in line with our propositions is CryptoNight, created by Bytecoin developers in a cooperation with our team. It is designed to make CPU and GPU mining roughly equally efficient and restrict ASIC mining.)But ETN and Bytecoin etc., which are dependent on the above mentioned Cryptonote technology and function have failed to solve these issues and problems.
Our aim is to overcome these issues and make the mining process as accessible and affordable as possible to everyone. Bitcoin mining can be done only by rich people. ETH mining process is ASIC resistant and is GPU compliant. Our Mining process is Android compliant. We can make it IOS compliant too.. But IOS is for rich people since IOS devices are exorbitantly expensive! Of course we too need CPU, RAM, Battery and Data for mining. Today the entire cryptography currency domain is suffering because of expensive mining equipment and process using huge amount of electricity. With our process we have overcome all this and most of the issues discussed above and we continue to keep evolving over time. This is the strength of our SWAT Coin Project! We are proud of it!
