Topic: Electroneum (ETN) Mobile Miner - page 4. (Read 1890 times)

Nevermind I just saw the info page. It clearly states that it doesn't actually mine but they benchmark our device assign the hash rate that it would be able to achieve if it was actually mining. The ETNs are allocated accordingly. 

I think I missed the news when ETN went live with the mobile miner. Can someone answer how many coins they are getting on samsumg galaxy S5 or S6 (around 30 H/S)? With more than 100k users and plenty of GPU and ASIC running, I don't think mobile miner will be able to mine much.

Here’s how ETN gets to $5.

For those new to Electroneum, this one is often billed as the first British cryptocurrency, and it was set up with a relatively simple mission statement – to remove the barriers to entry for those looking to acquire and utilize cryptographic tokens.

Right now, cryptocoins are tough to get a hold of. The barriers to entry for most people are too large, with complex software, GPU mining rigs, the necessity to send personal identification data and credit card information to young and questionably reputable websites, all making things complex for the new user.

Electroneum intends to overcome this with its ETN coin.

The company has created a mobile device application that allows users to manage online funds by sending and receiving payments with by way of QR code scanning but also goes a step further, offering the user a cryptocurrency mining experience; and crucially, one that doesn’t necessitate the technical knowledge or specialist hardware that is required for Bitcoin or Ethereum mining.

The company conducted an ICO back in September, raising $40 million in a few weeks from more than 400,000 participants – one of the most successful ICOs to that point – and has since gone on to attract a large amount of community and sector-specific attention.

And it’s in this attention that we root our long-term bullish thesis for Electroneum.

The adoption of a coin like this is based on mainstream utility. It’s simple to use, it’s mobile-based and it requires very little technical know-how or costly hardware to get up and running. Transactions are instant and essentially free and, at the same time, the company’s offline wallet is incredibly secure.

Each of these points answers a question that’s being asked of even the most well-established coins on the market right now – this really is cryptocurrency for the masses.

And the best thing about Electroneum? The company knows its positioning.

Electroneum has the target of becoming the biggest cryptocurrency by user count in the world during 2018 and while this may seem like a lofty challenge, it’s far from an unrealistic one. There are 2.2 billion mobile device users globally. All of these have instant and easy access to the Electroneum platform. The company has already signed agreements with major telecoms providers and expects to announce more such agreements this quarter.

The key thing to recognize here is that this is perhaps the only cryptocurrency in the world with a direct access route to hundreds of millions of users (via their smartphones), all of which can acquire, mine and store ETN without any specialist knowledge or equipment. If the goal of cryptocurrencies is to make transactions simple, cheap and quick, ETN has hit that goal.

So what about near-term catalysts to get this one running?

Right now, ETN has a market cap of $674 million and is doing tens of millions of dollars in volume daily – on one exchange.

It’s set to launch on HitBTC over the coming couple of weeks, which should instantly increase liquidity and double (if not more) volume.

One to watch.

The biggest determining factor currently with ETN's price are the ASIC miners, which have increased network hash rates to over 1.3 GH/s, compared to late Feb/early March when it was around 200MH/s.

I expect it to drop dramatically, at least by 90% if not more, and with this we should see a sudden surge in price of ETN as millions of ETN will not be getting dumped every day.

Yes mate they have a active team for every department of ETN project, they are taking care of every aspect, the mobile miner is also running smoothly now. ETN are coming in wallet. If the good work continues than 1$ is not far away. ETN will surely rise accordingly

i think its a very good conceot of minning coin on mobile by just download the app it is the most easy way to earn some money and its a very uniqe way i think no coin or company in the world offer minning coin on your mobile. i see ETN in feature would hit around 1$ so save your coins in your wallet and sell them in feature on 1$ they have a great team promt solving problem of minner so enjoy your free coin make some money and support ETN

Mobile Miner tech update
Last night we had a drop in the ability to mine on the Mobile Miner due to an intermittent network latency affecting some of our servers.
 The issue was resolved quickly and the Mobile Miner is now working as it should. We would like to thank the community for your incredible patience and support, as always you are what helps this project grow.

NEW WEEKLY UPDATE

Hi everyone we’re keen to keep you updated with everything going on at Electroneum, moving forward we will release a weekly update doing just that.

This week we have a couple of key announcements; one big milestone, a set of nice photos and some exciting new partnerships and listings, helping us move closer to mass adoption one step at a time.

App update

We’ve listened to you- the community and thanks to your great feedback we’ve further developed the app to easily track and notify you of your Miner pay-outs. Your Mobile Miner has additional functions- we have new visual notifications on your wallet progress which include; payment received, payment processing and payment queued-so that you know your pay-outs are secure.

100,000 Mobile Miners & 1.25m Users

Adding to the update above ETN hit 100,000 mobile miners for the first time since the app went live and we now have 1.25m confirmed users. We’ve done this without any marketing. Marketing will begin as soon as we launch our instant payment system, allowing vendors to accept ETN easily, and instantly. This is our first milestone of mass adoption. We are going to make cryptocurrency widely and easily accepted and you are all part of that!

New exchanges

We have been listed on three new exchanges; these exchanges will provide another platform for the community to buy and exchange- we look forwards to welcoming new investors as ETN continues to grow;

Altex

Cryptonit

LetsDoCoinz

The Real Company launch commemorative silver ETN coin

To celebrate last year’s record-breaking ICO, her company, The Real Coin Company, has created a collectible silver coin made of 1 troy oz. pure silver bearing the ETN logo!  These collector’s coins are on sale now. Only a small number of coins are being minted before the dies will be destroyed, so if you’re interested in celebrating our ICO and owning a valuable collector’s coin (the first ever ICO Commemorative coin), I suggest you check it out here: https://therealcoincompany.com

As part of the collector’s coin offering, The Real Company will be giving 10% of every purchase to a very special charity: https://www.charitywater.org/

MegaXStore

Exciting news! Electroneum is now being used by another online retailer –  MGX, one of the first in our mass adoption campaign. They are eagerly awaiting our instant payment option to make the checkout even more slick!

You can purchase goods with ETN at their store just like you would with any fiat currency! MGX has already traded ETN daily since launch. See here for more details on this exciting new venture:
https://megaxstore.com/…/electroneum-now-accepted-at-megaxs…

And finally…

You’ve been asking for this for a long time – now you get to see our lovely faces! You will now notice a number of additions to our team members – Meet the team

ETN is, as always, an incredible community, each step in our progress is one that you take with us, your feedback and support help us to grow, have a fantastic weekend, we’ll catch up with you again next week for more updates.

The Electroneum Team.

Ofcource you can but it is against the miner T&C's, you will not be paid for two accounts on same credentials, you can use two different credentials instead

Definitely can, I tried it and started mining on both of them, no issues there. But I was wondering if you also get more ETN this way?

nice

Yes and users are increasing continuously

more than 100.000 miner right now............wow.......

Do not worry mate, every pending ETN will be credited to ETN wallet, the app is crashing sometimes is because of the number of increased users of miner on daily basis.

You can not login in two phones with same login credentials.

Don't worry mate, your miner is working properly as I can see in these images. All of your mined ETN will be in your wallet soon

I never had any problem with pending payments but I do have with quitting of miner and then I must repeat pin and log in again, sometimes it happens few times a day :/

Yah I have the same issue it says it pays out every 10 ETN however now I've got more than that pending and it isn't paying out.

Also it refuses to stay open on my phone and after about a day or so I end up having to reopen the app and put my PIN in.  Makes keeping it open to "mine" a little harder.

I have now mined 340 ETN with this mobile miner from the beginning. Now need to find a real use for them...

Do you get more ETN when you log into 2 phones with your account and mine with both of them?

I hope it will pay me soon after i post this proof........   



Bec my last payment is on Apr 20......