Seems a bit like a scam, honestly. The grand majority of new coins fail, and since this is not even listed as cryptocurrency at this point, I highly doubt this is a worthy investment. If you want to invest in crypto, go with one of the popular ones. This sounds more like your standard MLM. By the way, is cryptomining on smartphones even viable? I would think the electricity costs more, than what you would be getting.
Comment has been collapsed.
The thing is that it isn't actually "mining", per se. You open the app and tell it to go for it's 24 hour session, and it gives you Bee at a constant rate that's cut down depending on how many people use the app (it started at 1.6 Bee per hour, now it's at 0.4, and will be cut in half two more times before they stop the production at 1 billion users). It could be a scam, but it isn't like they have any useful information, so I don't really know what to think of it.
Comment has been collapsed.
Though not in the FAQ now, there was a question I read a few days ago that said it does not use battery or bandwidth. I don't know how it would get away with that, but that was the claim. As for having information, I understand your point of view, and I'll be sure to make a new thread if there's some kind of problems I encounter that I suspect are related to Bee.
Comment has been collapsed.
It seems this is a lot less legit than I thought, I just read the whitepaper and it's a joke, there are zero technical details there. As far as I can tell this isn't mining even though that's what it is referred to in their own whitepaper. There is no technology or use case behind this, it's not even blockchain, since no mining occurs. All its purpose is, is data collection, look at how many permissions the app needs. In phase 2 they plan to verify users, which means even more data collection.
Comment has been collapsed.
As szabe said - most likely nothing will come out of this.
Especially if they already ask for referrals and they don't use any of your hardware.
General rule of thumb - you get nothing for free. So if it's too good to be true - you are getting scammed. Especially now when crypto is "in".. More and more of these MLM craps will pop up and people willingly give them their data for nothing.
Keep in mind i'm not an expert so I might not be correct, I'm not crypto miner either, so this is just my opinion. Seeing how crypto as such is unstable and might not be worth anything in a year (or 100x more worth in that matter) it's really impossible to tell anything more then few months ahead and all these phase promises of it becoming legit in 3 years is just unrealistic. Most likely when the 3 year mark comes, no one will be using the app in that time and they will just silently stop existing.
PS. I mean, I understand the appeal. My hands are itching to try it as well.. Who wouldn't want to possibly become rich from nothing. But that's how they reel you in.
Comment has been collapsed.
509 Comments - Last post 1 minute ago by MeguminShiro
15,493 Comments - Last post 8 minutes ago by devotee
1,101 Comments - Last post 29 minutes ago by Gamy7
29 Comments - Last post 45 minutes ago by Leon30670
42 Comments - Last post 1 hour ago by Seibitsu
23 Comments - Last post 1 hour ago by devotee
141 Comments - Last post 1 hour ago by devotee
68 Comments - Last post 10 seconds ago by Volcanic
132 Comments - Last post 6 minutes ago by hallak65
4 Comments - Last post 10 minutes ago by Guard1aNRB
96 Comments - Last post 18 minutes ago by stlpaul
82 Comments - Last post 41 minutes ago by Patryk0
62 Comments - Last post 55 minutes ago by es42
8 Comments - Last post 1 hour ago by NB264
I don't really know enough about blockchain and crypto tech to form a valid opinion one way or another, but I started mining an upcoming crypto named Bee. It's mined on smartphones, but at a constant rate instead of using the phone's hardware to determine how much is made. Bee, as a currency, will stop being produced at 1 billion unique users. They started in late 2020, and are in "Phase 1". "Phase 2" is when they plan to allow users to trade it to other users, and "Phase 3" (which is roughly 2-2.5 years out) is when they expect to add it to the list of other cryptos, with options for exchange into them or fiat. I'm not posting this as an ad, but, if you do use it as a result of this post, my referral name is alexaroo.
Comment has been collapsed.