The concept of cryptocurrency mining is one which many tech-savvy users have been drawn to, simply because it can exchange raw processing power for financial reward. Not too long ago, Bitcoin mining was all the rage, with hordes of techies dedicating entire PC’s to the mining process in exchange for Bitcoin. Today, mining is more prolific in the smaller cryptocurrencies like Monero or Ethereum. Miners have always outsourced their work, but some bright spark has come up with a novel way to enhance the process.
Applications for desktop and mobile platforms generally come in a free and paid version. In most cases, the free version of the app offers the opportunity to purchase additional features. Instead of asking for financial reward, one app designer imbedded cryptocurrency mining software in the app itself. So, while the user enjoyed premium app features, the app was happily mining cryptocurrency for the host.
The Apple Calendar App
The example we are talking about is a calendar app, which was available at the Mac App Store. In exchange for additional calendar features, the app mined cryptocurrency in the background. The idea was that users could opt out of the mining process if they desired and lose their premium features. The app was meant to be a jacked-up version of Apple’s calendar app for the macOS. Developed by Qbix, the app contained extra code that mined Monero, a digital currency launched back in 2014.
What made it unique was the fact that the mining app was the first of its kind to appear on the App Store. While it seemed to be experiencing some teething issues, like not being able to opt out of mining, and CPU hogging, the concept was quite intriguing. Sadly, Apple caught on and canned it quickly, but not before it led many developers and casino enthusiasts to wonder if the application could not be used in the online and mobile casino industry.
Taking the Concept to Social Casinos
Real money online casinos and social casinos both have the scope and range to incorporate mining into their apps and desktop software. Let’s consider how the process could work at a social casino. Social casinos use site-based coins, which cannot be exchanged for cash. So, while you can have fun and play all the latest casino games, there is no way to exchange your winnings for cash.
At social casinos, players often run out of coins and have to pay for more if they want to keep playing. In such cases, a player can opt into the mining process, which would allow the software or app to mine cryptocurrency while simultaneously topping up their casino account with free coins. This would be a win-win situation for players who had the processing power on their phone or desktop computer.
The Viability of Mining with Casino Software
Online casinos would work slightly differently. Real money online casinos require players to make a deposit into their account, which then gives them the chance to land a big cash win. With slots alone, thousands of players have won big, while a lucky few have hit the jackpot and become instant millionaires. Where cryptocurrency mining could play a role in online casinos is with bonuses and additional features.
For those who download the desktop software or casino application, mining code can be included into the software, in exchange for some nifty features. These can come in the form of higher reload bonuses, random gift draws and exclusive entry into slots and poker tournaments. The mining process could also be used to earn comp points, which can elevate a player to the status of VIP without them wagering huge amounts of cash. Considering the number of players online, the scope for cryptocurrency mining in the casino industry is quite large, and potentially very lucrative. It is now surely just a matter of time before we see the first mining casino apps hitting the market.