Electroneum: Mining Using A Smartphone Without Issues
Electroneum is the first British cryptocurrency of its kind. A real new opportunity if you missed the boat on Bitcoin & Ethereum.
Electroneum is now a token that will start as a cryptocurrency on November 1. It's now valued at $0.01. Who knows what the coin will be next year or within months of its launch!
The technology here is that people, especially those who are new to cryptocurrency, people in the 3rd world or those with low income, can mine the coin using a smartphone with any requirement "without" draining the battery, screwing up or heating the phone or affecting the mobile in any way.
Ad screens as seen in London:
You can be one of the early adopters by joining: http://electroneum.com/ Only 1 day left for a %50 bonus then there will be a round of %40 bonus.
You can use my referral link (if you like) for another %1 + the other %50 bonus here: https://my.electroneum.com/join/973292
P.s. Not an ad and not affiliated to the coin. I'm just excited about the project, its potential and expect something good about it, so for people who want to catch a promising project from the very very start, this is a chance. The coin and its technology is ready and nothing noted will be delayed.
STOP USING THE WORD MINING.... MINING ENVOLVES COMPLEX CALCULATIONS AND PROBLEM SOLVING!!!!!!!!!!!
ELECTRO WALLET WILL NOT MINE!!! I REPEAT, WILL NOT MINE!!!!
ITS LIKE A GAME THAT SIMULATES IT. THERE WILL HAVE TO BE REAL MINERS EITHER WAY... YOU THINK THEY WILL MINE A COIN, WASTE ALOT OF THEIR MONEY IF YOU CAN HAVE THE GAME OPEN ON A MOBILE AND MAKE 10X WHAT THE MOBILE USES?
HOW LONG UNTILL I CAN BREAK IT TO MAKE IT THINK I HAVE A QUANTUM SMARTPHONE?
AND WHEN WORD COMES THAT BY HAVING THE GAME ON YOUR PHONE YOU GET 20-30$ EVERY MONTH FOR FREE? THERE IS WHERE YOU CAN SELL YOUR OVERPRICED ELECTRUM... BECAUSE AFTER THAT RALLY IT WILL DIE AS VALUE IS NOT CREATED OUT OF NOTHING AND YOU KNOW THAT PRIMORDIAL "MARKET LAW" - WHAT IS UNSUSTAINABLE WILL NOT SUSTAIN ITSELF
0 brains.... value isnt created out of nothing...
next bitcoin will also fork to offer free coins just to "create a mining experience so they can feel it"
I think this far off. If you have not read the white paper and what they intend to do you get hung up thinking its going to tank with the rest of ico's. I as well as many others do not see that happening. The mobile "miner" is the experience of mining yes.....thats the marketing tool, not a mining critical piece of ETN its a marketing Piece!
Imagine all the people who have access to wifi with their cell phones, yet not a general decently powerful computer. So yes the blockchain is run on everyones computers while the mobile miner is just giving away free coins. If you look they have security measures for the mobile mining as well. A simple one would be "get the best phones on the market, test their hash rate, anyone who is above the average high hash rating would be flagged, so no such "quantum" phone would then get all coins or large amount ect. Quantum computers do not work in this function anyway, Non of the styles I know about anyway and I do try and stay a little up to date on current quantum setups.
Not to mention ETN will be creating miners for XBOX and Playstation. How many consoles are out there?
ETN will also make It tradable with in game money like world of war craft where in game items are sold for out of game real money. The ETN would make this a more safe, cleaner environment for that to happen.
The mobile miner will not last for forever but if you give people free coins, they will likeyl put their own money in as well, If ETN is their first crypto to own, It may very well be only traded for other cryptos, they will most likely be putting in their own money into crypto as well after first learning about it. That is what all people do when they learn about it right?
Its like JOBY WEEKS, despite how you feel about him he walks around asking people if they have bitcoin, if they say no he offers to give them 5$ in bitcoin and set them up a wallet.
How many of those people that he gave 5$ away to just took it and ran?
How many took that 5$ and then invested with his company bitconnect club?
How many people can you give away 5$ to when one big person signs up?
I think your a little to scared of this and need to look further. I as well as many local friends believe in this coin as full as ether.
wrote so much, said so little... its economics and there is no way around the basic rules of it. period
Which is what?
Cause what I see you just blowing smoke without any real analysis.
wasn't analysis. it was facts. in your case you were regurgitating the joke of a whitepaper
Traditionally mining meant complex calculations. However there is different types of mining these days.
When I think of the term now - I think of the act of maintaining the system...POW, POS, DPOS, POI, POC e and all variations.
Won't take long before mining on it won't generate even a coin or worth it.
Oh Boy ICOs popping Out everywhere These days. Why should people want to Mine with their phones?
they dont... if you havent seen their advertising.... its makes you think you need this... when they talk it seems as if it was the only coin you can have on your phone... etc... they did very good marketing
and of course.... check how many people are advertising it. see how many you think good investors are jumping head first. now take a step back and see the kind of person that is advertising their referalls
There is already Miners Gate and Other mobile miners. Mining with phones has its ideals as the chipsets as far as power consumption vs hashing power is better/more efficient. That said for the average mobile user its not ideal to have you phones chip maxed out hashing as you will drain battery fast and possibly over heat the phone.
The idea behind ETN mobile miner is to just check out what you phone would hash at, and give you coins based on that. So people without much money to put into crypto, people in counties where exchanges are banned, and putting fiat into crypto is hard, this is a option for people now to get some coins running the app in the background, as well having a mobile wallet that you could trade the ETN for other crypto or other crypto for ETN.
Not to mention ETN will be launching XBOX one and playstation miners. So all the parents who think crypto is ponzi ect their kids can now mine despite what their parents believe.
The marketing was done very well.
Right, only $0.01 a coin.... Too bad Electroneum has said there will be over 21 BILLION of them. Yes B as in billion. Which means the market cap will be $210M. Something to keep in mind when you think you're getting a deal at "only a penny" per coin. ICO's often come out at $40M market cap or there-abouts; some of the hottest ones are $100-150M. This is priced well above the others; makes you wonder.
dude they did perfect marketing... its all a stunt to get money for life.... doesnt mean they wont realease a working product (or they might go to jail) but it means they created something useless but catchy. maybe the fidget spinner of crypto
The $210M market cap is assuming all 21 BILLION coins are released at the end of the ICO. This is an inaccurate calculation, as 21 billion is the cap over the lifetime of he coin. As of this post, there has been 711M electroneum sold, giving it a market cap of $7.1M. Once the ICO ends you will have a more accurate number. But it won't be 21 billion coins in circulation, that's for sure.
Yeah just as rickkayo say you need to look closer as the circulation coin are much smaller.
the mobile mining sounds interesting - i will probably install it for some free crypto.
But the idea itself, I really do not think it is more than a marketing gag to make some easy money for the founder. I do not see anything revolutionary and wonder why someone needs yet another currency.
Mining or not, by the time the official ETN app enables the damn "miner" it'll be near impossible to even get anything... i mean, hell, they should let it go live even with flaws. At least it would be better than nothing.