What Is Sweatcoin, and How Does It Work?

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USAFRet

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"Each time you get up off the couch to jump on your Peloton bike, take a quick walk with the dog or simply move around outside the house, Sweatcoin tracks your movement and logs it into its app."

:lol:
No.

"and verifying that it's fine for the app to know where you're going and track your movement without your app being open"

:pt1cable:
Complete no. Not a chance. No way, no how.

"Sweatcoin even warns you that the app will dramatically impact your battery when you allow it to track you."
:pfff:
What about this sounds like a GoodIdea?
 

DSzymborski

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Nov 19, 2010
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The math on this is absolutely hilarious.

For 3,650 coins, you get a $50 gift card. If you're getting one coin per 1,000 steps or so, with the average men's stride being about 2.5 feet, you're in the neighborhood of one coin per half-mile. So that makes about 1825 miles you have to travel to earn a *$50 gift card*.

But before you take off on your walk from Portland, Maine to Miami, Florida to grab your $50 gift card, you can only earn 570 coins a month. You also can't earn more than 20 coins a day, so in a 30 day month, you have to walk at least 10 miles every single day to get to 570 a month (600 minus the 30 you have to give back to them as "payment").

So after your 1825-mile walk, which you've spread out evenly over ten-mile strolls over seven months, you finally get that $50 Nike gift card, which will score you half of a pair of shoes! Of course, since the typical recommendation for when to replace shoes is 500 miles, you're also on your fourth pair of shoes.

 
Jun 6, 2018
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I retired a couple of years ago, and am a dog walker, walking a couple of neighbour's dog and my own. Typically I rack up 15,000 steps a day, or 15 sweatcoins a day. Walking dogs 20 days a month = 300 sweatcoins/month. If I go with the 20,000 sweatcoins for $1000 from PayPal, that equals 66.6 months, or 5 1/2 years. A $50 NIKE Gift card requiring 3,650 sweatcoins equals 12.1 months of walking, or one year.

Is it worth it? An extra $50 per year is nothing (about the same I make for walking dogs in a day), but it is free money. The down side is the extra drain on your battery (which doesn't last for ever) and may require a battery replacement a lot sooner than expected, and can be costly. As I tend to keep a cellphone for many years before upgrading, I'd likely have to replace the battery before replacing the cellphone. If battery replacement costs $100, then that's the same as walking for 2 years to pay for the replacement.

Although I don't consider this a scam, I'm not convinced this is worth my time to collect.
 
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