Sorry if this was asked already,
Is there going to be a hardfork for ETN and if there is when?
Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 139. (Read 240346 times)
I am not sure if anyone else posted this other update from today on Facebook regarding mobile mining. In summary, payments pending from April 7th are being processed today.
“Thanks to everyone who has downloaded and used the mobile miner. We’re working on some technical issues regarding the pay-outs however you’re still accumulating ETN while we are working on this. We’ve slowed down our automated payments to manage demand. Pay-outs backdated to the 7th April are being processed today. Once this is done we will be moving onto the newer pay-outs. Keep calm and carry on mining!”
“Thanks to everyone who has downloaded and used the mobile miner. We’re working on some technical issues regarding the pay-outs however you’re still accumulating ETN while we are working on this. We’ve slowed down our automated payments to manage demand. Pay-outs backdated to the 7th April are being processed today. Once this is done we will be moving onto the newer pay-outs. Keep calm and carry on mining!”
For those of you ASIC concerned this was posted earlier today on Electroneum’s Facebook. Glad to see the update, and that they are working on it.
“Our ASIC’s miner’s have arrived at the office! - As you know, the community has been BUZZING about ASIC’s- so we brought a few in. The idea is to see how they run with our blockchain with and without the anti-ASIC code changes that we are working on. Our Dev team completely understand the tech behind ASIC’s so not to worry we are on it! That means for all of you who speak mining lingo'; that we will be working with the ASIC miners today and well into next week to decide on the best code to implement in our next update!”
“Our ASIC’s miner’s have arrived at the office! - As you know, the community has been BUZZING about ASIC’s- so we brought a few in. The idea is to see how they run with our blockchain with and without the anti-ASIC code changes that we are working on. Our Dev team completely understand the tech behind ASIC’s so not to worry we are on it! That means for all of you who speak mining lingo'; that we will be working with the ASIC miners today and well into next week to decide on the best code to implement in our next update!”
Like I said, no worries. If you can read between the lines, ETN is "next level" in all that we do.
For Example" we not only set up instant transactions, but patent the tech.
We have to remember, most all of us dont know as much as the experts theyve hired. Just because we might not understand sometimes before things are unveiled, while so called experts act as if ETN just doenst know what to do, coupled with old school crypto investors that still subscribe to "crypto time" from 4 years ago, doesnt mean its true because of the echo from those impatient, squeaky wheels.
There is absolutely nothing to worry about.
You just remember the time when Contraband was reminding you of this and the price was $.02
I am mining on supernova pool. Didn't get payment since 12 April. Anyone has same problem?
TLDR...Do the team decide to fork for acics resistance or not to fork?
Why fork and make money invested in ASICs wasted? Better stay and run.
For those of you ASIC concerned this was posted earlier today on Electroneum’s Facebook. Glad to see the update, and that they are working on it.
“Our ASIC’s miner’s have arrived at the office! - As you know, the community has been BUZZING about ASIC’s- so we brought a few in. The idea is to see how they run with our blockchain with and without the anti-ASIC code changes that we are working on. Our Dev team completely understand the tech behind ASIC’s so not to worry we are on it! That means for all of you who speak mining lingo'; that we will be working with the ASIC miners today and well into next week to decide on the best code to implement in our next update!”
TLDR...Do the team decide to fork for acics resistance or not to fork? “Our ASIC’s miner’s have arrived at the office! - As you know, the community has been BUZZING about ASIC’s- so we brought a few in. The idea is to see how they run with our blockchain with and without the anti-ASIC code changes that we are working on. Our Dev team completely understand the tech behind ASIC’s so not to worry we are on it! That means for all of you who speak mining lingo'; that we will be working with the ASIC miners today and well into next week to decide on the best code to implement in our next update!”
For those of you ASIC concerned this was posted earlier today on Electroneum’s Facebook. Glad to see the update, and that they are working on it.
“Our ASIC’s miner’s have arrived at the office! - As you know, the community has been BUZZING about ASIC’s- so we brought a few in. The idea is to see how they run with our blockchain with and without the anti-ASIC code changes that we are working on. Our Dev team completely understand the tech behind ASIC’s so not to worry we are on it! That means for all of you who speak mining lingo'; that we will be working with the ASIC miners today and well into next week to decide on the best code to implement in our next update!”
“Our ASIC’s miner’s have arrived at the office! - As you know, the community has been BUZZING about ASIC’s- so we brought a few in. The idea is to see how they run with our blockchain with and without the anti-ASIC code changes that we are working on. Our Dev team completely understand the tech behind ASIC’s so not to worry we are on it! That means for all of you who speak mining lingo'; that we will be working with the ASIC miners today and well into next week to decide on the best code to implement in our next update!”
I went to Monero.
Tired of waiting.
My 82 GPUs can not compete with Asic
Tired of waiting.
My 82 GPUs can not compete with Asic
Check their Twitter and Facebook pages, they are on it.
I went to Monero.
Tired of waiting.
My 82 GPUs can not compete with Asic
Tired of waiting.
My 82 GPUs can not compete with Asic
I don't think Electroneum will die, it will continue to survive but for the 'hobby' miner with just one rig it's a bit depressing to see that they are paying more to mine than they get in returns so they will move on to some other coin that, at least, they will break even on.
It is depressing for every CPU and GPU miner, not just for hobby miner (like me).
Let's not forget Monero (and then cryptonight coins) purpose was to be easy minable with CPU, besides the privacy thing.
The cryptocurrency is having a bull run right now but the price is not gaining its former price I don't want to say people are losing trust but they are so quiet right now, no news that can get the price to surge, I wonder what those people who predicted that it will go $5, it's a long way for that price.
At least it started to grow back. I lost a lot but was able to purchase a tiny bit more. I hope price gets to 1€ at least.
1 Euro is certainly very optimistic, but I think the price is not the most important, it is important that the coin was needed by users and then the price will be good.Price is an interesting topic. I watched an interview with an expert and he said that the higher the price of Bitcoin goes, the more people get interested in it as it also gains more legitimacy.
True for wealthier people, but the masses will go for cheaper coins with bigger potential to grow.
It more refers to the fact that even people with less money might pay attention to a higher priced Bitcoin than to a lower priced Bitcoin. That is because a higher price implies more credibility.
Bitcoin, Litecoin and Dash didn't make any fork of their coins. Why?
That a good question, but only they can answer it. For one they are big enough that they can take on the ASICs on their networks and they can survive the dumps. If they dump, because if you mine Bitcoin you can as well hold it.
Its also probably a lot harder to fork a coin like Bitcoin. Many people using it, many exchanges who would need to be updated etc...It would probably create quite a chaos.
I am against ASICs, but to be truth - what the difference on what machine you mine coin - on GPU farm or on special ASIC. The result is the same - blockchain updates, coin live and new coins are produced. And nowadays the new coins react to difficulty fast, so no hyperinflation, jus some are more profitable others not. If you buy and sell coins its the same on what they are mined. If you unhappy that you GPU not good enough - buy ASIC. Bitcoin, X11 coins are mined by ASICs mainly and live well. Not this is the essence of coin life.
There is no difference, except that ASIC can mine coins faster with less energy.The problem is that, they sell immediately their coins to buy Bitcoin or maybe other coins. That's why ETN price is stuck compare to other coins.
I don't see why ASIC miners would sell immediately to buy BTC, I'm an Nvidia GPU miner and I sell X17 coins immediately to buy ARK and ETN.
Maybe in ETN's case though, since whoever bought those ASICs must have realised they wasted their money, I believe they'll dumb in order to at least brake even.
@xenomorphe1 Also what's different between ASIC and GPU mining, is that ASIC mining is more centralized. A lot of money is going to the one/two manufacturers who produce them and to the few who are greedy and willing to risk an investement into ASIC farms.
We can't keep increasing the hashrates like that... what's gonna happen in 2 years? Will the 10% of the earth's electricity beeing wasted on mining when the results would be the same if everyone was using CPUs? Ofcourse CPUs are not the best solution since then it'd be easier for a 51% attack, but ASICs are just overkill. GPUs seems to be somewhere in between and people accept them easier.
ASIC is more centralized as only a few people are going to buy them as they are only used for mining coins. Bitmain & Co did multiple fork of Monero to try to attract the buyers. For the moment, their main coin is surely ETN... ASIC miners use less electricity than GPU miners. But they are only in few hands.
The solution is POS mining, masternodes or DPOS. But masternodes and DPOS are more centralized. POS mining might be the solution for a decentralized network.
Its not like it was announced in advance that most CN coins will fork. Whole forum was full of posts about it and about how those ASCIS will be door stops. Well if people ignored that it serves them well.
And why they are bad?
- They concentrate power so much more then GPUs. One ASIC is a lot of GPUs. So this way they don't decentralize the network but centralize it. Someone said bitcoin is doing well. Yea, but Bitcoin is now basically under control from Bitmain ASICs. Just ask yourself what could Bitmain do with that.
- They ruin small coins and small networks. Bitcoin and Litecoin is one thing, but Electroneum and even smaller coins another. Bitcoin can survive dumps and hash rate attacks, small coins can't. Are you people blind, look how much troubles ASICs cause to CN coins. Did you think they forked for sports. There were many coins under 51% attack, some of them had networks practically stuck because of it. Then they also dump all they mine because most just want to ROI and doin't even beleive in coins they mine. Its pure bussines. So prices are destroyed. If there is more sell orders then buy and at low prices, then coins tank
- They make rich even richer. It goes against the original philosopy around decentralization. Only those rich enough can buy them
- As previous point, they are about bussines. People don't mine with them because they support the coin and invest in it longtime, holding etc..they mine because they wan't to make money. So they dump and they switch coins as soon as profitability is changed. On top of that they are risky investments with soul purpose of mining one algorithm. You can use GPUs for gaming or renting calculation power etc...
Also the companies producing them are greedy scamming shits as proven countless times. Just that is enough I will always be against them no matter what flowers you throw my way. Same goes for coins that support them.
And the people who are buying them now are going to be stuck with a miner which is going to be obsolete, because all coins are going to make a fork.
They surely already own a lot of CryptoNight coins and they also want to get more profits by selling their obsolete ASIC miners.
They are also surely mining Ethash coins like Ethereum. And they also are going to sell thoses ASIC miners.
Bitcoin, Litecoin and Dash didn't make any fork of their coins. Why?
I am against ASICs, but to be truth - what the difference on what machine you mine coin - on GPU farm or on special ASIC. The result is the same - blockchain updates, coin live and new coins are produced. And nowadays the new coins react to difficulty fast, so no hyperinflation, jus some are more profitable others not. If you buy and sell coins its the same on what they are mined. If you unhappy that you GPU not good enough - buy ASIC. Bitcoin, X11 coins are mined by ASICs mainly and live well. Not this is the essence of coin life.
There is no difference, except that ASIC can mine coins faster with less energy.The problem is that, they sell immediately their coins to buy Bitcoin or maybe other coins. That's why ETN price is stuck compare to other coins.
I don't see why ASIC miners would sell immediately to buy BTC, I'm an Nvidia GPU miner and I sell X17 coins immediately to buy ARK and ETN.
Maybe in ETN's case though, since whoever bought those ASICs must have realised they wasted their money, I believe they'll dumb in order to at least brake even.
@xenomorphe1 Also what's different between ASIC and GPU mining, is that ASIC mining is more centralized. A lot of money is going to the one/two manufacturers who produce them and to the few who are greedy and willing to risk an investement into ASIC farms.
We can't keep increasing the hashrates like that... what's gonna happen in 2 years? Will the 10% of the earth's electricity beeing wasted on mining when the results would be the same if everyone was using CPUs? Ofcourse CPUs are not the best solution since then it'd be easier for a 51% attack, but ASICs are just overkill. GPUs seems to be somewhere in between and people accept them easier.
ASIC is more centralized as only a few people are going to buy them as they are only used for mining coins. Bitmain & Co did multiple fork of Monero to try to attract the buyers. For the moment, their main coin is surely ETN... ASIC miners use less electricity than GPU miners. But they are only in few hands.
The solution is POS mining, masternodes or DPOS. But masternodes and DPOS are more centralized. POS mining might be the solution for a decentralized network.
Its not like it was announced in advance that most CN coins will fork. Whole forum was full of posts about it and about how those ASCIS will be door stops. Well if people ignored that it serves them well.
And why they are bad?
- They concentrate power so much more then GPUs. One ASIC is a lot of GPUs. So this way they don't decentralize the network but centralize it. Someone said bitcoin is doing well. Yea, but Bitcoin is now basically under control from Bitmain ASICs. Just ask yourself what could Bitmain do with that.
- They ruin small coins and small networks. Bitcoin and Litecoin is one thing, but Electroneum and even smaller coins another. Bitcoin can survive dumps and hash rate attacks, small coins can't. Are you people blind, look how much troubles ASICs cause to CN coins. Did you think they forked for sports. There were many coins under 51% attack, some of them had networks practically stuck because of it. Then they also dump all they mine because most just want to ROI and doin't even beleive in coins they mine. Its pure bussines. So prices are destroyed. If there is more sell orders then buy and at low prices, then coins tank
- They make rich even richer. It goes against the original philosopy around decentralization. Only those rich enough can buy them
- As previous point, they are about bussines. People don't mine with them because they support the coin and invest in it longtime, holding etc..they mine because they wan't to make money. So they dump and they switch coins as soon as profitability is changed. On top of that they are risky investments with soul purpose of mining one algorithm. You can use GPUs for gaming or renting calculation power etc...
Also the companies producing them are greedy scamming shits as proven countless times. Just that is enough I will always be against them no matter what flowers you throw my way. Same goes for coins that support them.
I am against ASICs, but to be truth - what the difference on what machine you mine coin - on GPU farm or on special ASIC. The result is the same - blockchain updates, coin live and new coins are produced. And nowadays the new coins react to difficulty fast, so no hyperinflation, jus some are more profitable others not. If you buy and sell coins its the same on what they are mined. If you unhappy that you GPU not good enough - buy ASIC. Bitcoin, X11 coins are mined by ASICs mainly and live well. Not this is the essence of coin life.
There is no difference, except that ASIC can mine coins faster with less energy.The problem is that, they sell immediately their coins to buy Bitcoin or maybe other coins. That's why ETN price is stuck compare to other coins.
I don't see why ASIC miners would sell immediately to buy BTC, I'm an Nvidia GPU miner and I sell X17 coins immediately to buy ARK and ETN.
Maybe in ETN's case though, since whoever bought those ASICs must have realised they wasted their money, I believe they'll dumb in order to at least brake even.
@xenomorphe1 Also what's different between ASIC and GPU mining, is that ASIC mining is more centralized. A lot of money is going to the one/two manufacturers who produce them and to the few who are greedy and willing to risk an investement into ASIC farms.
We can't keep increasing the hashrates like that... what's gonna happen in 2 years? Will the 10% of the earth's electricity beeing wasted on mining when the results would be the same if everyone was using CPUs? Ofcourse CPUs are not the best solution since then it'd be easier for a 51% attack, but ASICs are just overkill. GPUs seems to be somewhere in between and people accept them easier.
ASIC is more centralized as only a few people are going to buy them as they are only used for mining coins. Bitmain & Co did multiple fork of Monero to try to attract the buyers. For the moment, their main coin is surely ETN... ASIC miners use less electricity than GPU miners. But they are only in few hands.
The solution is POS mining, masternodes or DPOS. But masternodes and DPOS are more centralized. POS mining might be the solution for a decentralized network.
I am against ASICs, but to be truth - what the difference on what machine you mine coin - on GPU farm or on special ASIC. The result is the same - blockchain updates, coin live and new coins are produced. And nowadays the new coins react to difficulty fast, so no hyperinflation, jus some are more profitable others not. If you buy and sell coins its the same on what they are mined. If you unhappy that you GPU not good enough - buy ASIC. Bitcoin, X11 coins are mined by ASICs mainly and live well. Not this is the essence of coin life.
There is no difference, except that ASIC can mine coins faster with less energy.The problem is that, they sell immediately their coins to buy Bitcoin or maybe other coins. That's why ETN price is stuck compare to other coins.
I don't see why ASIC miners would sell immediately to buy BTC, I'm an Nvidia GPU miner and I sell X17 coins immediately to buy ARK and ETN.
Maybe in ETN's case though, since whoever bought those ASICs must have realised they wasted their money, I believe they'll dumb in order to at least brake even.
@xenomorphe1 Also what's different between ASIC and GPU mining, is that ASIC mining is more centralized. A lot of money is going to the one/two manufacturers who produce them and to the few who are greedy and willing to risk an investement into ASIC farms.
We can't keep increasing the hashrates like that... what's gonna happen in 2 years? Will the 10% of the earth's electricity beeing wasted on mining when the results would be the same if everyone was using CPUs? Ofcourse CPUs are not the best solution since then it'd be easier for a 51% attack, but ASICs are just overkill. GPUs seems to be somewhere in between and people accept them easier.
I still remember 2 weeks ago when the coin was ranked at around the 50th place 
It's really sad to watch this coin being tanked so much and also receiving no news from the core team about ANY updates is just catastrophic ... Hope they come up with something big sometime soon, otherwise we are all gonna lose the interest and faith in ETN.
It's really sad to watch this coin being tanked so much and also receiving no news from the core team about ANY updates is just catastrophic ... Hope they come up with something big sometime soon, otherwise we are all gonna lose the interest and faith in ETN. I am against ASICs, but to be truth - what the difference on what machine you mine coin - on GPU farm or on special ASIC. The result is the same - blockchain updates, coin live and new coins are produced. And nowadays the new coins react to difficulty fast, so no hyperinflation, jus some are more profitable others not. If you buy and sell coins its the same on what they are mined. If you unhappy that you GPU not good enough - buy ASIC. Bitcoin, X11 coins are mined by ASICs mainly and live well. Not this is the essence of coin life.
There is no difference, except that ASIC can mine coins faster with less energy.The problem is that, they sell immediately their coins to buy Bitcoin or maybe other coins. That's why ETN price is stuck compare to other coins.
I am against ASICs, but to be truth - what the difference on what machine you mine coin - on GPU farm or on special ASIC. The result is the same - blockchain updates, coin live and new coins are produced. And nowadays the new coins react to difficulty fast, so no hyperinflation, jus some are more profitable others not. If you buy and sell coins its the same on what they are mined. If you unhappy that you GPU not good enough - buy ASIC. Bitcoin, X11 coins are mined by ASICs mainly and live well. Not this is the essence of coin life.
Bunch of crybabies.
GUI walle is not needed and it is never going to happen.
ASIC resistance is irrelevant for the project in mid to long term. Only reason why would they want to implement the fork is because of community winning and get-rich quick bagholders and of course the greedy and manipulative GPU mining farms.
In these early days, the community support is very important, but at later stages not so much.
Those are the facts and Richard with the team have much bigger worries and plans then just a fork. And i think they do not want to fu*k up the blockchain again, so they are going to take their own sweet time
GUI walle is not needed and it is never going to happen.
ASIC resistance is irrelevant for the project in mid to long term. Only reason why would they want to implement the fork is because of community winning and get-rich quick bagholders and of course the greedy and manipulative GPU mining farms.
In these early days, the community support is very important, but at later stages not so much.
Those are the facts and Richard with the team have much bigger worries and plans then just a fork. And i think they do not want to fu*k up the blockchain again, so they are going to take their own sweet time
800 MH/s. I guess I don't need to say anything more. Just looked how CN coins are doing. The ones that forked are doing very well right now and are actually viable to mine. The rest are just dead in my opinion.
Have fun with the next 51% attack btw.
Oh and wait when the ASICS dump all the coins they mined, say bye to a decent prices forever. You are just blind.
Monero price (they forked on april 14. I think)
And Elektroneum price
P.S.
I don't own any Electroneum.
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