Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 161. (Read 240363 times)

Not really, basically my full amount was 148900 but I invested back only 94140.

Thanks to people not mining ETN with the mobile app. The airdrop is going to last longer. And thanks for the drop of the price, we can get ETN more easily.
I think some people didn't learn about the guy who tried to buy a pizza with 10000 Bitcoin...

You bought back in too early!

The price is so good because I sell everything I have at .17 and now is .029 BUY-BUY-BUY so I sell 94140 to buy 560774 LooooL!!! I like this game 

I think there are some points to remember and I'm not too worried at the moment.

1. On the surface there may be a valid claim but you never know which way the case may go until the final decision.
2. ETN could quite easily settle out of court and bury this case.
3. Most people will have sent a small test amount before sending a large amount.  Hence, the total ETN that falls into the claim may be small.
4. If the case is successful then the legal exposure, and free advertising although negative will far out way the negative.
5. ETN is a UK LTD so who knows what funds have been associated with the company.
6. If ETN fails then their founder will never be trusted in business again.
7. Most importantly ETN want to be successful and they are not stupid.

Based on the these points and many more I would not panic at the moment.

What if others here sue you for bringing their profits down?

I have just filed my case against ETN regarding the "non disclosure of information that could lead to a loss to others" contrary to there T&C`S regarding WRITTEN COMMUNICATIONS BY EMAIL. It is now filed and waiting judicial review, that will be completed on Monday, if they agree the case as merit, than ETN will be sent (by the court) my case particulars and have 14 days to settle, counter the claim, or defend. Its not my goal to bring bad publicity, BUT when a company disregards and shows zero regard for there community then they deserve all that comes there way.
In my opinion, the only way ETN will survive is, if Mr Ells steps down, a new dev team is put in place, the project is relaunched as a mobile game currency. Not a fake promo miner, BUT, SAYING THAT. Any good dev team will see the project, run a mile, and do there own coin and ICO.
THE LINK IS PART 1, I HAVE NOT UPLOADED PART 4 YET, thats the one that will show the filed court document, it will be up today.
https://www.youtube.com/watch?v=-4gsq26RY2Q

That's very kind for the team to do, I'm glad they're thinking about the people who are living in the 3rd world countries. I think with this, you can use multiple phones to mine and get a pretty good amount of reward. Yeah that happens to me as well but it's not really a problem in my part, I just always let the app open then press the home button then proceed to my day to day tasks with my phone. I haven't really had any issues regarding the miner stopping when running in the background maybe that's because I haven't updated to the new wallet yet. What's your phone model? I average on getting 3-5 coins a day, I usually mine 24 hours straight. Honestly I really like the mobile miner, it doesn't affect my battery that much, it just runs so smoothly background without affecting any of my usual tasks.

Yelp me too have eventually let the mobile mining go, i realized that Keep mining with my device with such less output is not best and a total waste of my time and maybe inflicting damage to my device, don't want to run the risk of having battery and other unkwon issues.

Between this dip has given me more time to load up and just hodl for some time, i think just buy and hodl is more profitable in my opinion, the mobile mining stuff was just for marketing to attract more people in the project,  Hs/s i get in my device is joke to make any meaningful result.

Edit: wrong topic xD  sorry guys

I've stopped mining Electroneum on my GPU rig, it was running below the break-even point, but hope to start up again once these Cryptonight ASIC's are put out of commision (the manufacturer runs them for a few weeks before selling them, to "test" them of course).
At least TrutleCoin is working to cobble the Cryptonight ASIC's.
https://medium.com/@turtlecoin/take-your-baikal-and-shove-it-up-your-asic-b05c96187790

It is more of a marketing tool and a way to bring more people into cryptocurrency. The barrier to entry is too high for the vast majority of people, most don't understand what crypto is, let alone know how to mine or make deposits from coinbase etc. It is all a massive faff and the average person is bewildered by it all. Enter an all one wallet and mining simulation that anyone can download and use on their phone, getting a bit of education along the way. It can reach a huge (mainstream) audience of people, and will definitely be improved in the near future. They have plans for NFC payments, mobile phone bill subsidisation, payment gateways and I expect a great deal more than we know about. The coins people gain in the background with next to no resources necessary, will soon have a purpose. They will amass over time and hopefully grow in value too, then people will be able to spend them on various things, pay towards mobile data, convert to fiat or from fiat to ETN on the fly...all within the app. That is their eventual goal.

They never promised a crazy number of coins from the mining, there could potentially be millions of users if it does go viral. They have not even really started the marketing yet..and they will! So the number of coins gained is actually quite reasonable when you think about it. What amounts to little value now, could be much more in the future. It does not cost you anything to have it running, not even effort, so why complain? Might as well do it and add a few coins to your larger investment, if you made one.

But it runs in the background with bugger all resources, so just let it run? Anyway hope more like you just go away from mining, more for others.

I've stopped using Electroneum's mobile miner. The output is nothing but a fraction compared to the input. The mobile mining product has really fall below my expectations. It was the main  selling point during the crowdsale If I remember correctly.

Ran the mobile miner for a whole week and the results are nothing to write home about despite the fact that I use a high end device.

If the dev team will be deliver what is on the roadmap - price will be recover and even rise.

I agree, as long as development is moving forward it is only positive in line with the roadmap.
1 year is not long in crypto project terms.

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I absolutely agree! You have to be an optimist and look forward to the future of the coin. The team has been working for less than a year and we are waiting for a lot of news.

That is not quite right. Pretty much every coin lost two thirds or three quarters of its value since early January. You neglect to mention that as an ICO coin, it is still one of the most successful and it is still in profit for investors. While the vast majority of other ICO coins are well below investment price.

It's also a new project, pretty much still at the start as far as plans are concerned. You can't measure any projects success by it's value right now. As they are all tied to BTC and BTC has failed to impress since the start of the year. The value of all coins are a reflection of BTC performance. The sooner alts can be untethered from btc in the markets...the better.

If you have seen the document that Electroneum recently shared on Facebook, you'll realise that there is a lot to come, alongside marketing. They are really pushing to make ETN the standard for a real world usable cryptocurrency. They have issues and setbacks of course but show me a coin/token that doesn't?

You have to measure success right now by achievements rather than the value, they have one of the largest user bases / communities in Crypto. They have done more in terms of forging partnerships and making ETN a usable currency that pretty much any other project.

If you measure success by the price then everything has failed, you may as well just cash in your investments and find something else to put your time and money into. The market will take time to recover, and ETN is a long-term investment. Your long history of negativity towards Electroneum isn't going to help, the moaning is getting a bit tiresome.

You drunk? This was one of the top lossers, despite pure fraud coins.