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Topic: Electroneum coin and ICO - issues during launch (unofficial thread) (Read 1925 times)

full member
Activity: 392
Merit: 102
I'm already waiting for the 1.nov that my email address is changed for the login. I wrote the support and wrote chat in facebook. until the end of the hunt, no result has been achieved. I still can not change my password that I receive no confirmation email. It only needs to be changed three letters. then everything would be ok again and I could request the new password. So I have until today no access to my account at electroneum.
and nobody writes in facebook chat. and from the support comes no answer. that's too bad
newbie
Activity: 42
Merit: 0
Let us take the opportunity to invest in this great project. In addition to a promising and necessary branch in the new times, the Team is committed to take us very far with
full member
Activity: 158
Merit: 100
i also have coins locked in uspool
not too happy about it
at least i got everything from eu

I'm sorry to disappoint you, but EU pool released the payments that's already been assigned to the miners and the only reason they were stuck at the pool because of a higher payment threshold.

Trust me, that's just a tip of an iceberg.
People kept mining with that pool and submitting shares and the pool showed no blocks found because two of the software modules hang.
Some people rented hashpower and lost real money.

EU pool probably released $2 worth of coins to some users, but it's still holding $30-60k at least even in today's exchange rate.

And the only spokesperson "Contraband" keeps posting stupid pictures instead of giving any valuable information.
member
Activity: 210
Merit: 10
The P2P Marketplace For Digital Content
i invested hundred dollars for this and this is unexpected from the team,you have a lot of potential yet you didnt play it well. Undecided
member
Activity: 197
Merit: 10
So here is what Contraband says in regards to the official pools holding payouts:

Quote
Just dont hold your breath guys. If a pool doesnt work, use a different one.

Thats the response they gave in the video.

And dont shoot the messenger.

Im just being honest on my take on it. Pools that I have seen broken in the past have never paid out coins later, because there is no coins because they were broken.

If you watch the guy who took the video, he said the pool he was on wasnt giving him anything, so he changed pools.


And my response:

Quote
Pool's software contains four modules:
- Pool - it opens ports for miners to connect and processes shares
- API - used by the website to display network, pool and miners' data
- Unlocker - processes block candidates and increases miners' balances when blocks are unlocked
- Payments - sends out payments to miners according to their balances stored in redis database.

Two modules stopped/hanged on Electroneum pools - unlocker and payments.
Once these modules are restarted, there is a high chance the payments will be processed automatically.

Now, if Development team is not capable of completing such an easy task, what kind of future this coin will have?

^^^^This^^^^Amen
full member
Activity: 198
Merit: 100
i also have coins locked in uspool
not too happy about it
at least i got everything from eu

i feel bad for ICO people Sad

Something doesn't make sense. The ETN team continues to leave updates on FB about their progress of "thousands of lines of code" yet their Github is empty and hasn't been updated since Oct 31st.

https://github.com/electroneum/electroneum/commits/master

Considering they forked off Monero and still don't know how to remove the name "Monero" from their actual code, I'm super curious what those 1000's of lines of code looks like.

BUT HEY, THEY GOT SOME GOOD LOOKIN COFFEE MUGS!  Grin
newbie
Activity: 49
Merit: 0
i also have coins locked in uspool
not too happy about it
at least i got everything from eu

i feel bad for ICO people Sad
full member
Activity: 158
Merit: 100
So here is what Contraband says in regards to the official pools holding payouts:

Quote
Just dont hold your breath guys. If a pool doesnt work, use a different one.

Thats the response they gave in the video.

And dont shoot the messenger.

Im just being honest on my take on it. Pools that I have seen broken in the past have never paid out coins later, because there is no coins because they were broken.

If you watch the guy who took the video, he said the pool he was on wasnt giving him anything, so he changed pools.


And my response:

Quote
Pool's software contains four modules:
- Pool - it opens ports for miners to connect and processes shares
- API - used by the website to display network, pool and miners' data
- Unlocker - processes block candidates and increases miners' balances when blocks are unlocked
- Payments - sends out payments to miners according to their balances stored in redis database.

Two modules stopped/hanged on Electroneum pools - unlocker and payments.
Once these modules are restarted, there is a high chance the payments will be processed automatically.

Now, if Development team is not capable of completing such an easy task, what kind of future this coin will have?
newbie
Activity: 38
Merit: 0
Few days ago we had an opportunity to see a launch of a new project - Electroneum Coin which followed an ICO that's gathered around $40 mln USD. The idea of the coin was to introduce mobile mining and fast mobile transactions. You can find more on project's website.

From the launch at 00:00 AM on November 1st there have been few issues that increased people's concern in regards to this project:

1. Mobile mining hasn't been launched. Cryptonyte mining was launched instead with absolutely no changes to Monero coding (except coin name, obviously).

2. ICO coins haven't been released to the investors. The project's spokesman Contraband stated that there was a "hack". No details have been provided in writing except that the team is working and there is no ETA on the release.

3. 15 hours after the mining started official pools stopped making payouts. Estimated worth of the coins being stucked on those pools is at least 5-10 BTC.

4. The biggest issue - the coin was accepted by Cryptopia exchange operated by the kiwis (NZ). So with the coins being traded at a price higher than ICO price all the investors got furious. They watched miners selling coins without being able to sell anything they paid for.

5. When community started asking questions, the spokesman (Contraband) started deleting posts from the moderated thread.

Let me summarize everything.
4 days after the launch investors haven't got their coins, miners cannot get payouts released, mobile mining hasn't been released and posts are being deleted.

I'll let community make conclusions. Just trying to point out what looks strange to me.

Can't beleive they got away with 40 million... so many scam coins.. its so hard to find a good project
full member
Activity: 266
Merit: 108
I wanted to invest here also, but change my mind...
dont believe scammers, which projects adversiting celebrities (like here was Dunkan Logan) or stupid Mayweather in scam Centra

I dont like scam coins like Ether erc20. Thats why I went heavy into Electroneum. Because you can mine it. It has its own BLOCKCHAIN whihc is valuable and rare.
newbie
Activity: 38
Merit: 0
Finally something of my interest.
full member
Activity: 266
Merit: 108
ETN was a record setting ICO right?
hero member
Activity: 654
Merit: 500
On which exchanges will tokens trade?

Cryptopia and later this month Bittrex and Poloniex.

It will be easy to get exchanges. Real/ good exchanges like coins with thier own blockchain/ mineable chain.

Poloniex especially is very strict with accepting coins. When Poloniex goes live with accepting ETN many others will follow. Bittrex is a good exchange. Exchanges dont/ rarley accept Ethereum based coins.

ETN is luckily not a scam coin that is Ether/ ERC20.

ETN has its own unique blockchain. You can mine on a CPU/ computer, and a phone at the same time.

I am mining ETN right now, its very easy.


keep dreaming!ETN won't go anywhere more than Cryptopia after so many issues that unanswer yet.
you guys are fucking ignorance that not even realized the consequences of premined coins that  are more than 2x as they was planned!
Cheers!




 Is it true you guys are going on Bitfinex soon?

Not sure until its posted. The fact that Electroneum has its own blockchain means that the holy grail Poloniex will accept it.

When Poloniex accepts one, everyother exchange knows its great quality. Bittrex is a lock for sure.

i don't think any well known exchange would accept ETN now,they obviously violated investers right with increasing 100% more premined coin than what they were promised,this alone is a very big reg flag without question,not to mentiond they not even explain why they did this.
this is not an fud but just a fact,if you guys who invest on this ico not even care about your right and don't want to raise your voices,you won't earn the respect and losing money on it is what you guys may deserve.
 Cheers!


for those who bought at $0.01 over 6 billion premined coins,i'm sorry to say that your coin's value has been dilute to $0.005 now because the premined coins is 12.6 billion !
Cheers!

they are double up their premined coins,but......DO YOU GUYS THAT INVESTING GET DOUBLE AS WELL?....that is a question lol
Cheers!


DAMN ETN TEAM, see it for yourself then tell me what can you say.  Cheesy

878ec74ff5f305ba30df3bae5f84bc59c8cb8cfbcc3df12f58dd7e646999892b






What does this mean ^^   Looks like 1.26 billion ETN on three stealth accounts ?? I hope I am reading that wrong

10.26 billion premined!!!!
this is far more than what they said is 6 billion!
cheers!

That was before when they expected around 10k users. Not over 300k. There is not enough coins for the mining app pool. Those coins will be necessary! So many noobs and FUD in here lol. Leaving until you all find something else to move on to. Wow.

Good luck with the project devs, I will be supporting and holding my coins for the future. Hope all the teething problems are sorted out soon.  


This is correct.

Its 12.6 billion coins

4.4 Billion to investors

That leaves 8.2 Billion for mobile miners, which is perfectly fine.

Wow, you guys just dont stop, lol. This was the plan all along. How did you expect the mobile miners to get coins??

show me the new announcement from dev-team then idoit!!!
this alone is enought for a very big red flag!!



I am the Community Manager for Electroneum. There is no announcement necessary. This was what they said would happen all along.


If you are confused, I will help you, but my guess is you are just trying to spread confusion, as you have been doing for months on this thread.

You can raise your Red Flag, but other than a few other trolls, I dont think anyone will fall for your FUD

people who are investing on this ico were invest under the terms of 6 billion coins will be premined,dev team don't have the right to change the original terms bc it will invade the right of the investers!i forseen this coin will be flag as a very very big red flag and will be deny to be listed on many well known exchange,the most worse case scenario would be  public law suit and these ico will treating as a scam project by the regulation agents!!

and you contraband as the ETN manager you will also a criminal due to the role as a colaborator with this scam...cheers!

btw..where is your lovely dev-team who is/are qualify to speak here and backed you up? NONE!!





@dev:
1. how many coins would your team going to premine despite of 6.3 billion ICO?
2. how many coins will left to miners(cellphone,cpu,gpu etc) to mine?
3. how long the mining could proceed(years)?


the questions above only valid to dev team to answer.

DO NOT QUOTE MY POST AND ANSWER FOR THESE QUESTIONS IF YOU ARE NOT DEV OF ELECTRONEUM.

Thanks!

Hi!

1. Actually the ICO is only a max of 5.98 billion as the 6 billion pre-mine for the ICO AND bounty campaign (20 million ETN).
2. There will be 15 BILLION coins left for miners [EDIT - OOOPS! I entered million instead of billion - just to keep you on your toes!]
3. It's a similar emission algorithm to bitcoin, in that the emission slows over time, with ours slowing with each block. It will be 10 years+ before needing a fork or algo change.

I'm sorry I've not been very active here - as a few others have posted I'm on Telegram nearly all the times, so it's a better place to get an answer.

Please read the Technical Whitepaper for more details on emission and mobile emission. You'll find it here:
http://electroneum.com/technical-white-paper.pdf


have a great day!
Richard
Electroneum Founder



full member
Activity: 266
Merit: 108
On which exchanges will tokens trade?

Cryptopia and later this month Bittrex and Poloniex.

It will be easy to get exchanges. Real/ good exchanges like coins with thier own blockchain/ mineable chain.

Poloniex especially is very strict with accepting coins. When Poloniex goes live with accepting ETN many others will follow. Bittrex is a good exchange. Exchanges dont/ rarley accept Ethereum based coins.

ETN is luckily not a scam coin that is Ether/ ERC20.

ETN has its own unique blockchain. You can mine on a CPU/ computer, and a phone at the same time.

I am mining ETN right now, its very easy.
newbie
Activity: 52
Merit: 0
On which exchanges will tokens trade?
newbie
Activity: 23
Merit: 0
where to check roadmap?
full member
Activity: 331
Merit: 109
Much respect cryptkeeper1979 for not backing down. I have not been banned yet, but you have my full support. I can confirm that your screenshots are not faked as I read those same messages. Contraband can try all he wants from the community, but those of us on the other side of the fence from him are quickly gaining support.
full member
Activity: 266
Merit: 108
I would rather wait another 2 weeks for official rollout of ETN.

Its better than uncessfull launches when the coin isnt ready.

ETN has its own BLOCKCHAIN. Which is better than %90 of other ERC20 scam ICO's.

I think Electroneum should wait until mobile mining AND ICOI tokens are officially released.

I guess keep checking facebook for updates?
full member
Activity: 198
Merit: 100
I've been running the mining software on 1 of 3 PCs for days and didn't check on it.  Check out my shitty payout.



you and me both. I had 4 rigs pointed towards EU/US official pools, 0 payout since Nov 1st.
newbie
Activity: 35
Merit: 0
Could you please provide more detail about the project...starting with the team of this project?
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