Topic: Is Electroneum a SCAM??? - page 53. (Read 104927 times)
I'd be surprised if this turned out to be a scam to be honest but the way it's been handled doesn't look good. They set a date and then claimed they'd been attacked, judging by the money that was invested into this ICO, i'm not surprised. I have a minor investment into Electroneum and just hope they're true to their word that they're improving the platform with Amazon and Hackerone. I'm sure if it wasnt true, hackerone would of denied it by now!
Until everyone has access to their coin, the scam allegations will still be on the neck of the team, so many promises where made before and during the ICO but little has been offered to investors
You simulate mining with the app and you earn coins for running the simulation or playing the game on the app. You can then transfer ETN from the app on one phone to the app on another phone (kids are going to love this app and it gets them interested in crypto currency) I'm not sure of the exact details as I know nothing about mining myself. This has the potential to be huge in my opinion if the app goes viral.
I know a little bit about mining and from what you told me, it's all a big hoax.
Mining involves millions of mathematical calculations for decoding resolution in order to authenticate a given transaction. Mining is not a joke and can not simulate, also because it is necessary to respect the currency conversion level ... that is, it is not simply a number played.
You see, I sincerely believe that's not what you said because it would be too naive to believe in such a madness, but one thing really worried me: As a person, I say the CEO, was not able to secure the tokens of ICO, come talk about innovating in mining? Think about...
This is what I thought and said but I’d been shutdown. Mining doesn’t need to be PoW it can be something else as well but generally it is done that way, so it’s computatinally infeasible to interfere with the blockchain (e.g. 51% attack would need over half the hashpower of the entire network). So the mobile mining is a simulation and they’re going to airdrop or give it away and people think it will have value when anyone can get it? I think the reason it’s hyped up is because millennials and people sitting in school/studentsthink they can make money just by having an app on their phone based on the coattails of bitcoin and other high profile cryptos which have big market caps.
All you have to do is look at the hashpower on the network, it’s pathetic at the moment. Thousands of mobile phones simulating (lol) isn’t going to do anything for that either - and if it’s a simulation, someone controls it, e.g. the dev crew and it’s therefore centralised.
The CEO comes across as a bumbling idiot with minimal technical knowledge - you say he doesn’t need it, well I would argue that a basic understanding is important. They probably have the biggest hype so far and that’s why it’s got to where it is, and also why I’m not totally writing it off just yet.
Hmm , after these days looking back at Electroneum , seems like it's a good deal , trade above ICO price , good profit for mining , I did not invested the ICO , but I'm mining now , I seriously think there's a good future of electroneum
uote]
Mining involves millions of mathematical calculations for decoding resolution in order to authenticate a given transaction. Mining is not a joke and can not simulate,
I get all that. Its basically a game that can be played and you earn coins for doing so. Mining involves millions of mathematical calculations for decoding resolution in order to authenticate a given transaction. Mining is not a joke and can not simulate,
The point is: As someone who has not been able to simply start the tokens to whom he invested, guaranteeing the security of the account after the ICO, do you want to bring innovations in the art of mining?
uote]
Mining involves millions of mathematical calculations for decoding resolution in order to authenticate a given transaction. Mining is not a joke and can not simulate,
I get all that. Its basically a game that can be played and you earn coins for doing so. Mining involves millions of mathematical calculations for decoding resolution in order to authenticate a given transaction. Mining is not a joke and can not simulate,
You simulate mining with the app and you earn coins for running the simulation or playing the game on the app. You can then transfer ETN from the app on one phone to the app on another phone (kids are going to love this app and it gets them interested in crypto currency) I'm not sure of the exact details as I know nothing about mining myself. This has the potential to be huge in my opinion if the app goes viral.
I know a little bit about mining and from what you told me, it's all a big hoax.
Mining involves millions of mathematical calculations for decoding resolution in order to authenticate a given transaction. Mining is not a joke and can not simulate, also because it is necessary to respect the currency conversion level ... that is, it is not simply a number played.
You see, I sincerely believe that's not what you said because it would be too naive to believe in such a madness, but one thing really worried me: As a person, I say the CEO, was not able to secure the tokens of ICO, come talk about innovating in mining? Think about...
OK I'm just putting this around because I've seen a few people still having the issue with Zero balance on their ETN Cli wallet, To anyone having a problem with their Electroneum wallet still showing 0 balance, create a shortcut for the cli.exe and open its properties and add --restore-deterministic-wallet to the end of the target address so it looks like this:
"electroneum-wallet-cli.exe --restore-deterministic-wallet"
And then run that shortcut.
That should fix it.
You could also try the rescan_bc command.
"electroneum-wallet-cli.exe --restore-deterministic-wallet"
And then run that shortcut.
That should fix it.
You could also try the rescan_bc command.
I think Electroneum is not a Scam. It's true that most defenders of Electroneum are those with large investments.
Electroneum gets listed many large exchanges. so wait and see.
Electroneum gets listed many large exchanges. so wait and see.
You simulate mining with the app and you earn coins for running the simulation or playing the game on the app. You can then transfer ETN from the app on one phone to the app on another phone (kids are going to love this app and it gets them interested in crypto currency) I'm not sure of the exact details as I know nothing about mining myself. This has the potential to be huge in my opinion if the app goes viral.
mining sucks lots of electricity so i wonder how battery can stand it.
Its not actual mining its a mining simulation app. They tested it on three phones in one of their videos and left running in the background it barely used any battery at all on its own.
mining simulation? What the hell is this? How to simulate a coin that pretends to have a value ?!
Wow...
mining sucks lots of electricity so i wonder how battery can stand it.
Its not actual mining its a mining simulation app. They tested it on three phones in one of their videos and left running in the background it barely used any battery at all on its own.
mobile mining is not practical idea
i hardly finish one day without recharging my phone, without mining :X
Have you already had a taste? I'm very curios to see how it will turn out.i hardly finish one day without recharging my phone, without mining :X
were you mining electroneum?
mining sucks lots of electricity so i wonder how battery can stand it.
well, lets see the innovation they will bring to the crypto world.
Yes it seems thats why the CEO of electroneum deactivated his social media accounts.
Maybe they've bit more than they can chew but i surely believe that they will come back.
we shouldn't begin to cast stones yet.
I really want to see how much i will get mining with my phone.
if this works then we will see the fastest transactions from their blockchain.
mobile mining is not practical idea
i hardly finish one day without recharging my phone, without mining :X
i hardly finish one day without recharging my phone, without mining :X
Electroneum is a good project but i wonder how the mobile miners can get good deal with mobile phones.
mining with phone will eat up battery and the cpu of a phone isn't that much powerful.
i mine with 3.0 XENON cpu which has 12cores. i don't get one dollar per day.
.
so i wonder how much i will get with my LG G3.
mining with phone will eat up battery and the cpu of a phone isn't that much powerful.
i mine with 3.0 XENON cpu which has 12cores. i don't get one dollar per day.
. so i wonder how much i will get with my LG G3.
I have some considerations for this project. I am too far away to be an expert on crypto coins. I have just started trading it recently (Used to trade on Forex for years). All the markets are based on supply VS demand. After days reading and re-reading posts, infos and as much as I can of important infos about ETN, I have concluded that:
1 - If ETN was a SCAM, I am pretty sure they would have not stopped the ICON at 40m and would have raised more and more money and disappear after that.
2 - Instead of disappear, they are trying to get better systems for us (Monero news) and they keep in touch with everyone via email, social media, groups, etc.
3 - NONE can predict a price. That's impossible. It's up, as I said above, to the demand.
4 - It's a real fact that crypto world is still very young and a small number of people know how to walk into it. Ok, a few people knows about the existence of crypto, but most of them don't have a clue how to buy, how to use, for what does it serves, etc. ETN is looking to the masses, if they get sucess on this, the demand will be definitely HUGE.
5 - It doesn't really MATTER if it will dump at the first days, months or years, If they get success introducing the masses to it, it will grow up organically. So HODL!
6 - I have seen a LOT of people crying around groups for not buying enough coins, they are really sorry for it.
7 - About dumping it: If I bought at 0.01, WHY THE HELL I would sell for less than that? Dont make sense! If people sell their bonusses for 0.01.. I am sorry for them... it will grow later and they will cry again.
I believe in the ETN purpose, I see their vision for the future. I am in this project for at least 5 years (Unless It reaches a good price before that).
1 - If ETN was a SCAM, I am pretty sure they would have not stopped the ICON at 40m and would have raised more and more money and disappear after that.
2 - Instead of disappear, they are trying to get better systems for us (Monero news) and they keep in touch with everyone via email, social media, groups, etc.
3 - NONE can predict a price. That's impossible. It's up, as I said above, to the demand.
4 - It's a real fact that crypto world is still very young and a small number of people know how to walk into it. Ok, a few people knows about the existence of crypto, but most of them don't have a clue how to buy, how to use, for what does it serves, etc. ETN is looking to the masses, if they get sucess on this, the demand will be definitely HUGE.
5 - It doesn't really MATTER if it will dump at the first days, months or years, If they get success introducing the masses to it, it will grow up organically. So HODL!
6 - I have seen a LOT of people crying around groups for not buying enough coins, they are really sorry for it.
7 - About dumping it: If I bought at 0.01, WHY THE HELL I would sell for less than that? Dont make sense! If people sell their bonusses for 0.01.. I am sorry for them... it will grow later and they will cry again.
I believe in the ETN purpose, I see their vision for the future. I am in this project for at least 5 years (Unless It reaches a good price before that).
Are you kidding? I doubt that you would invest today knowing that it would be this dark chaos
Not even in the nightmare would I imagine getting my investment supposedly locked up ... that's a great absurdity! A serious company would never make such a disgrace with its initial investor.
You do not think it's a SCAM because you're hoping to have your investment back ... I want your hope to come true, but at the present time, it's hard to believe it.
I'm actually kind of wondering too right now on what happened to electroneum. They had a solid start but now they seemed to be forgotten because of what trouble they have to go through and they're taking so much time too.
Can anyone tell me what really concrete there is about Electroneum (taking away the mediatic appeal and the fireworks)?
Today I only see locked money, ICO irresponsible for lack of technical knowledge and no practical application (not even prototype).
All this together leads me to believe that this is nothing more than a scam.
Today I only see locked money, ICO irresponsible for lack of technical knowledge and no practical application (not even prototype).
All this together leads me to believe that this is nothing more than a scam.
News on twitter say they have suspended accounts that belonged to the CEO, dont look good for Electroneum, or so it seems.
So electroneum looks like scam...
It's a pity to hear these stories for a work that has invested so much time and invested...
Jump to: