This new cryptocurrency will literally make you sweat

While Bitcoin slowly but surely forces its way into the mainstream, that hasnt stopped numerous developers from coming up with new altcoins to try and steal its crown as top dog of the digital currencies.

The likes of Dogecoin, Litecoin, Namecoin, Peercoin and Terracoin have been slugging it out for the number 2 spot for some time already, but now a new digital coin has thrown down the gauntlet. But what differentiates MangoCoinz from the rest is the way its mined miners have to actually break a sweat.

MangoCoinz started life as a computer science project by three students at Belgrades School of Computing. The trio thought there should be a better way to mine cryptocurrency, without having to use powerful computing machines to solve pointless algorithms (and waste tons of energy in the process). Instead, they came up with the idea of performing actual, physical work to mine MangoCoinz.

You can download the MangoCoinz app on Google Play for free. Creating an account is easy, just think of an awesome username, a hard to guess password, enter your email address and submit. Youll need to verify your account to activate it of course, but after that all you have to do is get jiggy with it to generate some MangoCoinz.

Thats because, in order to mine MangoCoinz, your phone must be in constant motion. The app uses the motion sensors built into your phone, like the accelerometer, to mine coins. The more you move, the more coins will be generated.

This new cryptocurrency got me interested so I tried it out. Just by walking while holding my phone I generated some coins, about 0.02xxx, and thats just by taking five or so steps. So a brisk walk or a full body workout could quickly see you rack up those coinz.,

Out of curiosity, I began to shake my phone vigorously for about ten seconds. I was able to generate a full coin just by doing that. And that seems to be the downfall of MangoCoinz right there its easy to cheat, and most people are very lazy. It doesnt take a genius to realize they could generate a small fortune in coinz by strapping their phone to the overhead fan and letting it whizz round all day, for example.

Sadly, the developers proof-of-sweat idea is not flawless. You can do so many things to make your phone and MangoCoinz think that youre doing something productive when in fact youre doing anything but, but the unnamed creators of this cryptocurrency have at least placed a limit as to how much coins you can mine per day to thwart any abusers.

Here is the original post:
This new cryptocurrency will literally make you sweat