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Monetizing Your iOS Apps with Bitcoin

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Monetizing Your iOS Apps with Bitcoin

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Download this comprehensive Mobile Testing Reference Guide to help prioritize which mobile devices and OSs to test against, brought to you in partnership with Sauce Labs.

Now here’s a truly novel approach to monetizing your apps:

New Plugin Allows Developers to Turn iOS Devices Into Bitcoin Mining Bots

Unity plugin developer Icoplay has come up with a new way for developers to monetize free apps on the App Store while avoiding in-app purchases, through the use of bitcoin mining.

Because new bitcoins are generated via complex math problems, Bitcoin mining requires an incredible amount of processing power. Icoplay is aiming to use mining software hidden within apps and games to take advantage of the latent processing power of mobile devices, rewarding the developer with bit coin…

Mind you, the economics don’t seem to make any sense. Checking the latest stats,

Bitcoins Mined — 3,525 BTC

Electricity Consumption — 55,866.44 megawatt hours

we’re somewhere in the range of 16 megawatts per Bitcoin. Takes an awful lot of iPhone 5.5-odd watt-hour charges to add up to one of those. And somewhere in the region of $2300 of electricity. Which would only produce you a couple cents per user-year expected return, at best, and burning out a couple dozen Li-Ion batteries along the way. That would seem to put the usefulness of this somewhere between “laughably negligible” and “wasteful on a scale qualifying as downright evil.”

But hey, if you want to give it shot, check out their FAQ; maybe if you’re really super lucky, you’ll earn enough to buy a coffee in the trendy places around town here sprouting Bitcoin ATMs these days!

Analysts agree that a mix of emulators/simulators and real devices are necessary to optimize your mobile app testing - learn more in this white paper, brought to you in partnership with Sauce Labs.


Published at DZone with permission of Alex Curylo, DZone MVB. See the original article here.

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