Mining difficulty increased exponentially
Yeah, it has rissen a lot, but the price has fallen a lot also
Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 237. (Read 240382 times)
Yeah, it has rissen a lot, but the price has fallen a lot also
Mining difficulty increased exponentially
"Exponentially"?? Wat???
Mining difficulty increased exponentially
Hi all!
Wonder if anyone can help me figuring out why my balance always shows 0 ETN even tho I deposited few thousand ETN couple of days ago in my wallet...
I started the electroneumd and the blockchain is fully synced. Started electroneum-wallet-cli afterwards, checked the balance, it says "Balance: 0.00, unlocked balance: 0.00".
I tried to delete my wallet files and restore a wallet with mnemonic seed, but still showing 0.00 ETN. I tried to use rescan_bc command in my wallet, after rescan still shows 0.00 ETN.
I can see the transaction and amount in blockchain explorer (using my private view key), but it just won't show up in my CLI wallet for some reason...
What gives??
Wonder if anyone can help me figuring out why my balance always shows 0 ETN even tho I deposited few thousand ETN couple of days ago in my wallet...
I started the electroneumd and the blockchain is fully synced. Started electroneum-wallet-cli afterwards, checked the balance, it says "Balance: 0.00, unlocked balance: 0.00".
I tried to delete my wallet files and restore a wallet with mnemonic seed, but still showing 0.00 ETN. I tried to use rescan_bc command in my wallet, after rescan still shows 0.00 ETN.
I can see the transaction and amount in blockchain explorer (using my private view key), but it just won't show up in my CLI wallet for some reason...
What gives??
use block explorer to see movement of your coins, I hope you know wallet address?
Hm, which "movement"? There shouldn't be any movement since this is a withdrawal from the pool to my personal address only... I do know my wallet address, the transaction was made to correct address, I can see all the details of it in chain explorer as I said earlier...
Anyways, some outputs if that's of any help...
Daemon:
Code:
2018-01-16 14:51:41.213 [P2P9] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:302 [84.180.234.222:26967 OUT] Sync data returned a new top block candidate: 114843 -> 114857 [Your node is 14 blocks (0 days) behind]
SYNCHRONIZATION started
2018-01-16 14:52:19.666 [P2P6] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:1151 [88.132.190.125:26967 OUT] Synced 114857/114857
2018-01-16 14:52:20.873 [P2P6] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:1518 SYNCHRONIZED OK
sync_info
Height: 114857, target: 114857 (100%)
Downloading at 0 kB/s
1 peers
191.33.110.153:26967 0000000000000000 0 0 kB/s, 0 blocks / 0 MB queued
0 spans, 0 MB
Wallet:
Code:
[14:43] user@machine:~/Downloads/Electroneum $ ./electroneum-wallet-cli
Monero 'Helium Hydra' (v0.11.0.0-53f8b3fa)
Logging to ./electroneum-wallet-cli.log
Specify wallet file name (e.g., MyWallet). If the wallet doesn't exist, it will be created.
Wallet file name (or Ctrl-C to quit): ze_wallet
Wallet and key files found, loading...
Wallet password: ****************
Opened wallet: etnk9vXXXXXXXXX.........
**********************************************************************
Use "help" command to see the list of available commands.
**********************************************************************
Starting refresh...
Refresh done, blocks received: 3992
Balance: 0.00, unlocked balance: 0.00
Background refresh thread started
[wallet etnk9v]: balance
Balance: 0.00, unlocked balance: 0.00
[wallet etnk9v]:
I had the same problem then I followed the step mentioned in the post https://bitcointalksearch.org/topic/m.25659192 to restore the wallet which fixed the issue and I got my balance.
execute electroneumd.exe and wait to completely sync before performing these steps.
Make sure you have a backup of your wallet file and key file.
Remember, you must have your seed words to restore your wallet
Hi all!
Wonder if anyone can help me figuring out why my balance always shows 0 ETN even tho I deposited few thousand ETN couple of days ago in my wallet...
I started the electroneumd and the blockchain is fully synced. Started electroneum-wallet-cli afterwards, checked the balance, it says "Balance: 0.00, unlocked balance: 0.00".
I tried to delete my wallet files and restore a wallet with mnemonic seed, but still showing 0.00 ETN. I tried to use rescan_bc command in my wallet, after rescan still shows 0.00 ETN.
I can see the transaction and amount in blockchain explorer (using my private view key), but it just won't show up in my CLI wallet for some reason...
What gives??
Wonder if anyone can help me figuring out why my balance always shows 0 ETN even tho I deposited few thousand ETN couple of days ago in my wallet...
I started the electroneumd and the blockchain is fully synced. Started electroneum-wallet-cli afterwards, checked the balance, it says "Balance: 0.00, unlocked balance: 0.00".
I tried to delete my wallet files and restore a wallet with mnemonic seed, but still showing 0.00 ETN. I tried to use rescan_bc command in my wallet, after rescan still shows 0.00 ETN.
I can see the transaction and amount in blockchain explorer (using my private view key), but it just won't show up in my CLI wallet for some reason...
What gives??
use block explorer to see movement of your coins, I hope you know wallet address?
Hm, which "movement"? There shouldn't be any movement since this is a withdrawal from the pool to my personal address only... I do know my wallet address, the transaction was made to correct address, I can see all the details of it in chain explorer as I said earlier...
Anyways, some outputs if that's of any help...
Daemon:
Code:
2018-01-16 14:51:41.213 [P2P9] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:302 [84.180.234.222:26967 OUT] Sync data returned a new top block candidate: 114843 -> 114857 [Your node is 14 blocks (0 days) behind]
SYNCHRONIZATION started
2018-01-16 14:52:19.666 [P2P6] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:1151 [88.132.190.125:26967 OUT] Synced 114857/114857
2018-01-16 14:52:20.873 [P2P6] INFO global src/cryptonote_protocol/cryptonote_protocol_handler.inl:1518 SYNCHRONIZED OK
sync_info
Height: 114857, target: 114857 (100%)
Downloading at 0 kB/s
1 peers
191.33.110.153:26967 0000000000000000 0 0 kB/s, 0 blocks / 0 MB queued
0 spans, 0 MB
Wallet:
Code:
[14:43] user@machine:~/Downloads/Electroneum $ ./electroneum-wallet-cli
Monero 'Helium Hydra' (v0.11.0.0-53f8b3fa)
Logging to ./electroneum-wallet-cli.log
Specify wallet file name (e.g., MyWallet). If the wallet doesn't exist, it will be created.
Wallet file name (or Ctrl-C to quit): ze_wallet
Wallet and key files found, loading...
Wallet password: ****************
Opened wallet: etnk9vXXXXXXXXX.........
**********************************************************************
Use "help" command to see the list of available commands.
**********************************************************************
Starting refresh...
Refresh done, blocks received: 3992
Balance: 0.00, unlocked balance: 0.00
Background refresh thread started
[wallet etnk9v]: balance
Balance: 0.00, unlocked balance: 0.00
[wallet etnk9v]:
Hi all!
Wonder if anyone can help me figuring out why my balance always shows 0 ETN even tho I deposited few thousand ETN couple of days ago in my wallet...
I started the electroneumd and the blockchain is fully synced. Started electroneum-wallet-cli afterwards, checked the balance, it says "Balance: 0.00, unlocked balance: 0.00".
I tried to delete my wallet files and restore a wallet with mnemonic seed, but still showing 0.00 ETN. I tried to use rescan_bc command in my wallet, after rescan still shows 0.00 ETN.
I can see the transaction and amount in blockchain explorer (using my private view key), but it just won't show up in my CLI wallet for some reason...
What gives??
Wonder if anyone can help me figuring out why my balance always shows 0 ETN even tho I deposited few thousand ETN couple of days ago in my wallet...
I started the electroneumd and the blockchain is fully synced. Started electroneum-wallet-cli afterwards, checked the balance, it says "Balance: 0.00, unlocked balance: 0.00".
I tried to delete my wallet files and restore a wallet with mnemonic seed, but still showing 0.00 ETN. I tried to use rescan_bc command in my wallet, after rescan still shows 0.00 ETN.
I can see the transaction and amount in blockchain explorer (using my private view key), but it just won't show up in my CLI wallet for some reason...
What gives??
use block explorer to see movement of your coins, I hope you know wallet address?
Was it worth it to announce mobile mining at all? I think at the current moment this is not relevant, because this requires serious computing power. It's just a marketing move.
The marketing has to be a seed, or once the marketing is not there, it doesnt continue to grow and take on users naturally.
So the mobile miner being just a marketing ploy doesnt quite explain it.
The mobile miner will fuel the viral growth.
In this case you have to remember that "viral" is not a cute buzzword here, its the reason that ETN will spread, bringing a very large network. Very large networks bring A LOT of value, and we are talking "very large network", as in the largest of all cryptos. This year. The crypto with the most users
Many people agree, which is why they buy at a rate that puts cap so high on a "copy of Monero".
The mobile miner is everything.
What will the cap be when ETN has more users than Bitcoin?
Lol you really know how to put together a pitch, I'll give you that. Will your mobile miner also help introduce people to the fundamentals of crypto-wallet security? That will be very important. There will be plenty of mobile sites trying to scoop up the mobile wallet of ETN.
I agree with the development of mobile wallets will develop theft. Scammers do not sleep, they constantly come up with new ways to steal. I do not know yet how safe ETN's mobile wallet is.
Hi all!
Wonder if anyone can help me figuring out why my balance always shows 0 ETN even tho I deposited few thousand ETN couple of days ago in my wallet...
I started the electroneumd and the blockchain is fully synced. Started electroneum-wallet-cli afterwards, checked the balance, it says "Balance: 0.00, unlocked balance: 0.00".
I tried to delete my wallet files and restore a wallet with mnemonic seed, but still showing 0.00 ETN. I tried to use rescan_bc command in my wallet, after rescan still shows 0.00 ETN.
I can see the transaction and amount in blockchain explorer (using my private view key), but it just won't show up in my CLI wallet for some reason...
What gives??
Wonder if anyone can help me figuring out why my balance always shows 0 ETN even tho I deposited few thousand ETN couple of days ago in my wallet...
I started the electroneumd and the blockchain is fully synced. Started electroneum-wallet-cli afterwards, checked the balance, it says "Balance: 0.00, unlocked balance: 0.00".
I tried to delete my wallet files and restore a wallet with mnemonic seed, but still showing 0.00 ETN. I tried to use rescan_bc command in my wallet, after rescan still shows 0.00 ETN.
I can see the transaction and amount in blockchain explorer (using my private view key), but it just won't show up in my CLI wallet for some reason...
What gives??
Wow 20c last week back to 10c this week. Crypto is a bitch slap one week and a high five the next.
Ride the wave time, buying in again at 9c
Ride the wave time, buying in again at 9c
Was it worth it to announce mobile mining at all? I think at the current moment this is not relevant, because this requires serious computing power. It's just a marketing move.
The marketing has to be a seed, or once the marketing is not there, it doesnt continue to grow and take on users naturally.
So the mobile miner being just a marketing ploy doesnt quite explain it.
The mobile miner will fuel the viral growth.
In this case you have to remember that "viral" is not a cute buzzword here, its the reason that ETN will spread, bringing a very large network. Very large networks bring A LOT of value, and we are talking "very large network", as in the largest of all cryptos. This year. The crypto with the most users
Many people agree, which is why they buy at a rate that puts cap so high on a "copy of Monero".
The mobile miner is everything.
What will the cap be when ETN has more users than Bitcoin?
Lol you really know how to put together a pitch, I'll give you that. Will your mobile miner also help introduce people to the fundamentals of crypto-wallet security? That will be very important. There will be plenty of mobile sites trying to scoop up the mobile wallet of ETN.
Was it worth it to announce mobile mining at all? I think at the current moment this is not relevant, because this requires serious computing power. It's just a marketing move.
The marketing has to be a seed, or once the marketing is not there, it doesnt continue to grow and take on users naturally.
So the mobile miner being just a marketing ploy doesnt quite explain it.
The mobile miner will fuel the viral growth.
In this case you have to remember that "viral" is not a cute buzzword here, its the reason that ETN will spread, bringing a very large network. Very large networks bring A LOT of value, and we are talking "very large network", as in the largest of all cryptos. This year. The crypto with the most users
Many people agree, which is why they buy at a rate that puts cap so high on a "copy of Monero".
The mobile miner is everything.
What will the cap be when ETN has more users than Bitcoin?
Was it worth it to announce mobile mining at all? I think at the current moment this is not relevant, because this requires serious computing power. It's just a marketing move.
Alright, so I was curious about mobile mining, so I decided to read by myself their whitepaper.
1. There is no direct link to the whitepaper on their website's frontpage (at least I couldn't find it for 2 minutes)
2. Dscription of mobile mining actually is not on the whitepaper but in the second document, more techy one
here is about mobile mining:
http://electroneum.com/technical-white-paper.pdf
Mobile Mining Experience
The mobile mining experience is the only part of Electroneum that is a centralized system and not a decentralized
one.
We’ve taken the view that whilst the Electroneum blockchain is a decentralized system, it is only fully decentralized
in all other aspects outside the mobile app and mobile mining experience. We’ve taken the view that the positive
benefits to be gained from a centralized app and mobile mining algorithm outweigh any negative aspects.
Experiments in using the same algorithm that the blockchain uses for standard mining on a mobile device have
been carried out by various cryptocurrencies in the past and they generally drain the battery, result in poor
performance and often cause issues with the quantity of data used in downloading the blockchain. They have also
been know to make devices run uncomfortably hot.
As such the algorithm for the Electroneum mobile mining experience reflects the Electroneum emission algorithm
+Y / app miners / X, where Y is any additional coins left over from the token sale and X is the time period of
emission which is a restriction based upon a minimum coin release for mobile mining experience and a maximum
mobile mining coin release and control is also subject to the market value of Electroneum (if any). The minimum
mining rate will always be a reflection of the Electroneum smooth emission algorithm and the maximum mobile
mining rate is a series of failsafes and security checks to prevent whale mining and virtual app environment mining
and ensure individuals taking part in the mobile mining experience are treated fairly.
The mobile mining experience does not download a copy of the blockchain or carry out intensive CPU operations
to provide egalitarian proof of work, it is intended to give entry level access to a cryptocurrency by allowing the
experience of mining (i.e. being issued a hash rate reflective of the CPU processing power of the device and being
awarded coins for participating in the experience). The Mobile mining experience does not directly add blocks to
the blockchain and thus it does not overheat the mobile device or use precious bandwidth. The CPU of the device
is periodically queried to ensure the simulated hashrate is correctly balanced with the other running processes and
it gives the user a very realistic mining experience, including accurately issuing Electroneum coin rewards.
The issued Electroneum coins are true Electroneum coins, the same as issued by the Windows, Mac and Linux
full miner. The Windows, Mac and Linux full miner does download the full blockchain and operate in a fully
decentralized manner.
The mobile mining experience has been designed to yield rapid user growth. These users will be encouraged
and likely to take advantage of the significant mining speed and coin emission improvements of mining with the
Windows, Mac or Linux GUI miner, which will enable Electroneum to grow to huge user numbers via the app,
whilst still retaining a significant mining community running the transactional blockchain by running the intuitive
Windows, Mac or Linux application.
The centralized nature of the mobile app will also allow Electroneum to perform transfers of Electroneum via the
contact list in the device, rather than using lengthy public keys which are currently required by all decentralized
blockchains. Those public keys still exist and can be used but a simpler, more intuitive way of using cryptocurrency
is envisaged.
let's recap: it's not a mining. It's an "experience" of mining. Read it as "simulator". Created only for attraction new users (money).
I know there are 3 upcoming exchange listings and the price will go up, but I don't believe in potential of this coin in long term.
Soon coins without strong fundamental idea behind the token (coin) will be devalued.
I really wanted to buy some but sorry, I will look for something else.
1. There is no direct link to the whitepaper on their website's frontpage (at least I couldn't find it for 2 minutes)
2. Dscription of mobile mining actually is not on the whitepaper but in the second document, more techy one
here is about mobile mining:
http://electroneum.com/technical-white-paper.pdf
Mobile Mining Experience
The mobile mining experience is the only part of Electroneum that is a centralized system and not a decentralized
one.
We’ve taken the view that whilst the Electroneum blockchain is a decentralized system, it is only fully decentralized
in all other aspects outside the mobile app and mobile mining experience. We’ve taken the view that the positive
benefits to be gained from a centralized app and mobile mining algorithm outweigh any negative aspects.
Experiments in using the same algorithm that the blockchain uses for standard mining on a mobile device have
been carried out by various cryptocurrencies in the past and they generally drain the battery, result in poor
performance and often cause issues with the quantity of data used in downloading the blockchain. They have also
been know to make devices run uncomfortably hot.
As such the algorithm for the Electroneum mobile mining experience reflects the Electroneum emission algorithm
+Y / app miners / X, where Y is any additional coins left over from the token sale and X is the time period of
emission which is a restriction based upon a minimum coin release for mobile mining experience and a maximum
mobile mining coin release and control is also subject to the market value of Electroneum (if any). The minimum
mining rate will always be a reflection of the Electroneum smooth emission algorithm and the maximum mobile
mining rate is a series of failsafes and security checks to prevent whale mining and virtual app environment mining
and ensure individuals taking part in the mobile mining experience are treated fairly.
The mobile mining experience does not download a copy of the blockchain or carry out intensive CPU operations
to provide egalitarian proof of work, it is intended to give entry level access to a cryptocurrency by allowing the
experience of mining (i.e. being issued a hash rate reflective of the CPU processing power of the device and being
awarded coins for participating in the experience). The Mobile mining experience does not directly add blocks to
the blockchain and thus it does not overheat the mobile device or use precious bandwidth. The CPU of the device
is periodically queried to ensure the simulated hashrate is correctly balanced with the other running processes and
it gives the user a very realistic mining experience, including accurately issuing Electroneum coin rewards.
The issued Electroneum coins are true Electroneum coins, the same as issued by the Windows, Mac and Linux
full miner. The Windows, Mac and Linux full miner does download the full blockchain and operate in a fully
decentralized manner.
The mobile mining experience has been designed to yield rapid user growth. These users will be encouraged
and likely to take advantage of the significant mining speed and coin emission improvements of mining with the
Windows, Mac or Linux GUI miner, which will enable Electroneum to grow to huge user numbers via the app,
whilst still retaining a significant mining community running the transactional blockchain by running the intuitive
Windows, Mac or Linux application.
The centralized nature of the mobile app will also allow Electroneum to perform transfers of Electroneum via the
contact list in the device, rather than using lengthy public keys which are currently required by all decentralized
blockchains. Those public keys still exist and can be used but a simpler, more intuitive way of using cryptocurrency
is envisaged.
let's recap: it's not a mining. It's an "experience" of mining. Read it as "simulator". Created only for attraction new users (money).
I know there are 3 upcoming exchange listings and the price will go up, but I don't believe in potential of this coin in long term.
Soon coins without strong fundamental idea behind the token (coin) will be devalued.
I really wanted to buy some but sorry, I will look for something else.
It is only a simulated miner as they have mentioned from day one its certainly not meant to generate you a heap of income its meant to appeal to certain users particularly those unfamiliar to crypto.
There aim is to get it to go viral and mainstream rather than be targeting miners. I agree with a lot of what your saying but the market cap is just huge. Nearly 1 Billion dollars so the hype is real.
So it's a kind of faucet, right?
Pretty much. They allocated a portion of ETN prior to release just for it
Alright, so I was curious about mobile mining, so I decided to read by myself their whitepaper.
1. There is no direct link to the whitepaper on their website's frontpage (at least I couldn't find it for 2 minutes)
2. Dscription of mobile mining actually is not on the whitepaper but in the second document, more techy one
here is about mobile mining:
http://electroneum.com/technical-white-paper.pdf
Mobile Mining Experience
The mobile mining experience is the only part of Electroneum that is a centralized system and not a decentralized
one.
We’ve taken the view that whilst the Electroneum blockchain is a decentralized system, it is only fully decentralized
in all other aspects outside the mobile app and mobile mining experience. We’ve taken the view that the positive
benefits to be gained from a centralized app and mobile mining algorithm outweigh any negative aspects.
Experiments in using the same algorithm that the blockchain uses for standard mining on a mobile device have
been carried out by various cryptocurrencies in the past and they generally drain the battery, result in poor
performance and often cause issues with the quantity of data used in downloading the blockchain. They have also
been know to make devices run uncomfortably hot.
As such the algorithm for the Electroneum mobile mining experience reflects the Electroneum emission algorithm
+Y / app miners / X, where Y is any additional coins left over from the token sale and X is the time period of
emission which is a restriction based upon a minimum coin release for mobile mining experience and a maximum
mobile mining coin release and control is also subject to the market value of Electroneum (if any). The minimum
mining rate will always be a reflection of the Electroneum smooth emission algorithm and the maximum mobile
mining rate is a series of failsafes and security checks to prevent whale mining and virtual app environment mining
and ensure individuals taking part in the mobile mining experience are treated fairly.
The mobile mining experience does not download a copy of the blockchain or carry out intensive CPU operations
to provide egalitarian proof of work, it is intended to give entry level access to a cryptocurrency by allowing the
experience of mining (i.e. being issued a hash rate reflective of the CPU processing power of the device and being
awarded coins for participating in the experience). The Mobile mining experience does not directly add blocks to
the blockchain and thus it does not overheat the mobile device or use precious bandwidth. The CPU of the device
is periodically queried to ensure the simulated hashrate is correctly balanced with the other running processes and
it gives the user a very realistic mining experience, including accurately issuing Electroneum coin rewards.
The issued Electroneum coins are true Electroneum coins, the same as issued by the Windows, Mac and Linux
full miner. The Windows, Mac and Linux full miner does download the full blockchain and operate in a fully
decentralized manner.
The mobile mining experience has been designed to yield rapid user growth. These users will be encouraged
and likely to take advantage of the significant mining speed and coin emission improvements of mining with the
Windows, Mac or Linux GUI miner, which will enable Electroneum to grow to huge user numbers via the app,
whilst still retaining a significant mining community running the transactional blockchain by running the intuitive
Windows, Mac or Linux application.
The centralized nature of the mobile app will also allow Electroneum to perform transfers of Electroneum via the
contact list in the device, rather than using lengthy public keys which are currently required by all decentralized
blockchains. Those public keys still exist and can be used but a simpler, more intuitive way of using cryptocurrency
is envisaged.
let's recap: it's not a mining. It's an "experience" of mining. Read it as "simulator". Created only for attraction new users (money).
I know there are 3 upcoming exchange listings and the price will go up, but I don't believe in potential of this coin in long term.
Soon coins without strong fundamental idea behind the token (coin) will be devalued.
I really wanted to buy some but sorry, I will look for something else.
1. There is no direct link to the whitepaper on their website's frontpage (at least I couldn't find it for 2 minutes)
2. Dscription of mobile mining actually is not on the whitepaper but in the second document, more techy one
here is about mobile mining:
http://electroneum.com/technical-white-paper.pdf
Mobile Mining Experience
The mobile mining experience is the only part of Electroneum that is a centralized system and not a decentralized
one.
We’ve taken the view that whilst the Electroneum blockchain is a decentralized system, it is only fully decentralized
in all other aspects outside the mobile app and mobile mining experience. We’ve taken the view that the positive
benefits to be gained from a centralized app and mobile mining algorithm outweigh any negative aspects.
Experiments in using the same algorithm that the blockchain uses for standard mining on a mobile device have
been carried out by various cryptocurrencies in the past and they generally drain the battery, result in poor
performance and often cause issues with the quantity of data used in downloading the blockchain. They have also
been know to make devices run uncomfortably hot.
As such the algorithm for the Electroneum mobile mining experience reflects the Electroneum emission algorithm
+Y / app miners / X, where Y is any additional coins left over from the token sale and X is the time period of
emission which is a restriction based upon a minimum coin release for mobile mining experience and a maximum
mobile mining coin release and control is also subject to the market value of Electroneum (if any). The minimum
mining rate will always be a reflection of the Electroneum smooth emission algorithm and the maximum mobile
mining rate is a series of failsafes and security checks to prevent whale mining and virtual app environment mining
and ensure individuals taking part in the mobile mining experience are treated fairly.
The mobile mining experience does not download a copy of the blockchain or carry out intensive CPU operations
to provide egalitarian proof of work, it is intended to give entry level access to a cryptocurrency by allowing the
experience of mining (i.e. being issued a hash rate reflective of the CPU processing power of the device and being
awarded coins for participating in the experience). The Mobile mining experience does not directly add blocks to
the blockchain and thus it does not overheat the mobile device or use precious bandwidth. The CPU of the device
is periodically queried to ensure the simulated hashrate is correctly balanced with the other running processes and
it gives the user a very realistic mining experience, including accurately issuing Electroneum coin rewards.
The issued Electroneum coins are true Electroneum coins, the same as issued by the Windows, Mac and Linux
full miner. The Windows, Mac and Linux full miner does download the full blockchain and operate in a fully
decentralized manner.
The mobile mining experience has been designed to yield rapid user growth. These users will be encouraged
and likely to take advantage of the significant mining speed and coin emission improvements of mining with the
Windows, Mac or Linux GUI miner, which will enable Electroneum to grow to huge user numbers via the app,
whilst still retaining a significant mining community running the transactional blockchain by running the intuitive
Windows, Mac or Linux application.
The centralized nature of the mobile app will also allow Electroneum to perform transfers of Electroneum via the
contact list in the device, rather than using lengthy public keys which are currently required by all decentralized
blockchains. Those public keys still exist and can be used but a simpler, more intuitive way of using cryptocurrency
is envisaged.
let's recap: it's not a mining. It's an "experience" of mining. Read it as "simulator". Created only for attraction new users (money).
I know there are 3 upcoming exchange listings and the price will go up, but I don't believe in potential of this coin in long term.
Soon coins without strong fundamental idea behind the token (coin) will be devalued.
I really wanted to buy some but sorry, I will look for something else.
It is only a simulated miner as they have mentioned from day one its certainly not meant to generate you a heap of income its meant to appeal to certain users particularly those unfamiliar to crypto.
There aim is to get it to go viral and mainstream rather than be targeting miners. I agree with a lot of what your saying but the market cap is just huge. Nearly 1 Billion dollars so the hype is real.
So it's a kind of faucet, right?
ETN total hash 296.97 Mh/s 
We are breaking 300mh/s!!
We are breaking 300mh/s!!
I am a modest guy, 10$ is fine by me 
Great price prediction in my opinion. ETN is still very much undervalued for the value it brings on the table to the crypto space. We should expect this price range when the mobile mining ⚒ is officially launched. Until then, feel free to pick cheap ETN on Cryptopia
Alright, so I was curious about mobile mining, so I decided to read by myself their whitepaper.
1. There is no direct link to the whitepaper on their website's frontpage (at least I couldn't find it for 2 minutes)
2. Dscription of mobile mining actually is not on the whitepaper but in the second document, more techy one
here is about mobile mining:
http://electroneum.com/technical-white-paper.pdf
Mobile Mining Experience
The mobile mining experience is the only part of Electroneum that is a centralized system and not a decentralized
one.
We’ve taken the view that whilst the Electroneum blockchain is a decentralized system, it is only fully decentralized
in all other aspects outside the mobile app and mobile mining experience. We’ve taken the view that the positive
benefits to be gained from a centralized app and mobile mining algorithm outweigh any negative aspects.
Experiments in using the same algorithm that the blockchain uses for standard mining on a mobile device have
been carried out by various cryptocurrencies in the past and they generally drain the battery, result in poor
performance and often cause issues with the quantity of data used in downloading the blockchain. They have also
been know to make devices run uncomfortably hot.
As such the algorithm for the Electroneum mobile mining experience reflects the Electroneum emission algorithm
+Y / app miners / X, where Y is any additional coins left over from the token sale and X is the time period of
emission which is a restriction based upon a minimum coin release for mobile mining experience and a maximum
mobile mining coin release and control is also subject to the market value of Electroneum (if any). The minimum
mining rate will always be a reflection of the Electroneum smooth emission algorithm and the maximum mobile
mining rate is a series of failsafes and security checks to prevent whale mining and virtual app environment mining
and ensure individuals taking part in the mobile mining experience are treated fairly.
The mobile mining experience does not download a copy of the blockchain or carry out intensive CPU operations
to provide egalitarian proof of work, it is intended to give entry level access to a cryptocurrency by allowing the
experience of mining (i.e. being issued a hash rate reflective of the CPU processing power of the device and being
awarded coins for participating in the experience). The Mobile mining experience does not directly add blocks to
the blockchain and thus it does not overheat the mobile device or use precious bandwidth. The CPU of the device
is periodically queried to ensure the simulated hashrate is correctly balanced with the other running processes and
it gives the user a very realistic mining experience, including accurately issuing Electroneum coin rewards.
The issued Electroneum coins are true Electroneum coins, the same as issued by the Windows, Mac and Linux
full miner. The Windows, Mac and Linux full miner does download the full blockchain and operate in a fully
decentralized manner.
The mobile mining experience has been designed to yield rapid user growth. These users will be encouraged
and likely to take advantage of the significant mining speed and coin emission improvements of mining with the
Windows, Mac or Linux GUI miner, which will enable Electroneum to grow to huge user numbers via the app,
whilst still retaining a significant mining community running the transactional blockchain by running the intuitive
Windows, Mac or Linux application.
The centralized nature of the mobile app will also allow Electroneum to perform transfers of Electroneum via the
contact list in the device, rather than using lengthy public keys which are currently required by all decentralized
blockchains. Those public keys still exist and can be used but a simpler, more intuitive way of using cryptocurrency
is envisaged.
let's recap: it's not a mining. It's an "experience" of mining. Read it as "simulator". Created only for attraction new users (money).
I know there are 3 upcoming exchange listings and the price will go up, but I don't believe in potential of this coin in long term.
Soon coins without strong fundamental idea behind the token (coin) will be devalued.
I really wanted to buy some but sorry, I will look for something else.
1. There is no direct link to the whitepaper on their website's frontpage (at least I couldn't find it for 2 minutes)
2. Dscription of mobile mining actually is not on the whitepaper but in the second document, more techy one
here is about mobile mining:
http://electroneum.com/technical-white-paper.pdf
Mobile Mining Experience
The mobile mining experience is the only part of Electroneum that is a centralized system and not a decentralized
one.
We’ve taken the view that whilst the Electroneum blockchain is a decentralized system, it is only fully decentralized
in all other aspects outside the mobile app and mobile mining experience. We’ve taken the view that the positive
benefits to be gained from a centralized app and mobile mining algorithm outweigh any negative aspects.
Experiments in using the same algorithm that the blockchain uses for standard mining on a mobile device have
been carried out by various cryptocurrencies in the past and they generally drain the battery, result in poor
performance and often cause issues with the quantity of data used in downloading the blockchain. They have also
been know to make devices run uncomfortably hot.
As such the algorithm for the Electroneum mobile mining experience reflects the Electroneum emission algorithm
+Y / app miners / X, where Y is any additional coins left over from the token sale and X is the time period of
emission which is a restriction based upon a minimum coin release for mobile mining experience and a maximum
mobile mining coin release and control is also subject to the market value of Electroneum (if any). The minimum
mining rate will always be a reflection of the Electroneum smooth emission algorithm and the maximum mobile
mining rate is a series of failsafes and security checks to prevent whale mining and virtual app environment mining
and ensure individuals taking part in the mobile mining experience are treated fairly.
The mobile mining experience does not download a copy of the blockchain or carry out intensive CPU operations
to provide egalitarian proof of work, it is intended to give entry level access to a cryptocurrency by allowing the
experience of mining (i.e. being issued a hash rate reflective of the CPU processing power of the device and being
awarded coins for participating in the experience). The Mobile mining experience does not directly add blocks to
the blockchain and thus it does not overheat the mobile device or use precious bandwidth. The CPU of the device
is periodically queried to ensure the simulated hashrate is correctly balanced with the other running processes and
it gives the user a very realistic mining experience, including accurately issuing Electroneum coin rewards.
The issued Electroneum coins are true Electroneum coins, the same as issued by the Windows, Mac and Linux
full miner. The Windows, Mac and Linux full miner does download the full blockchain and operate in a fully
decentralized manner.
The mobile mining experience has been designed to yield rapid user growth. These users will be encouraged
and likely to take advantage of the significant mining speed and coin emission improvements of mining with the
Windows, Mac or Linux GUI miner, which will enable Electroneum to grow to huge user numbers via the app,
whilst still retaining a significant mining community running the transactional blockchain by running the intuitive
Windows, Mac or Linux application.
The centralized nature of the mobile app will also allow Electroneum to perform transfers of Electroneum via the
contact list in the device, rather than using lengthy public keys which are currently required by all decentralized
blockchains. Those public keys still exist and can be used but a simpler, more intuitive way of using cryptocurrency
is envisaged.
let's recap: it's not a mining. It's an "experience" of mining. Read it as "simulator". Created only for attraction new users (money).
I know there are 3 upcoming exchange listings and the price will go up, but I don't believe in potential of this coin in long term.
Soon coins without strong fundamental idea behind the token (coin) will be devalued.
I really wanted to buy some but sorry, I will look for something else.
It is only a simulated miner as they have mentioned from day one its certainly not meant to generate you a heap of income its meant to appeal to certain users particularly those unfamiliar to crypto.
There aim is to get it to go viral and mainstream rather than be targeting miners. I agree with a lot of what your saying but the market cap is just huge. Nearly 1 Billion dollars so the hype is real.
good pump, let's take it to 5k sats!
Another big pump slowly but surely this coin is making many holders rich, the temptation to sell is always here especially if you need money, or wants to buy something, remember early investors are on 1000% profit and it's only three months.3000% actually. Bought for 0.06 Cent and will keep holding.
Block explorer offline anyone else? Cant seem to reach it.
hey, can you please explain: I heard that this coin can be mined with mobile phones? But what's the point in this if they are also can be mined with rigs like a regular crypto coin?
smartphones are not so efficient as professional videocards and mining cards. Thanks man!
No it can't be mined by smartphones, you can open their mobile app that does nothing, you can even get some coins for doing that, but it's not mining..
Alright, so I was curious about mobile mining, so I decided to read by myself their whitepaper.
1. There is no direct link to the whitepaper on their website's frontpage (at least I couldn't find it for 2 minutes)
2. Dscription of mobile mining actually is not on the whitepaper but in the second document, more techy one
here is about mobile mining:
http://electroneum.com/technical-white-paper.pdf
Mobile Mining Experience
The mobile mining experience is the only part of Electroneum that is a centralized system and not a decentralized
one.
We’ve taken the view that whilst the Electroneum blockchain is a decentralized system, it is only fully decentralized
in all other aspects outside the mobile app and mobile mining experience. We’ve taken the view that the positive
benefits to be gained from a centralized app and mobile mining algorithm outweigh any negative aspects.
Experiments in using the same algorithm that the blockchain uses for standard mining on a mobile device have
been carried out by various cryptocurrencies in the past and they generally drain the battery, result in poor
performance and often cause issues with the quantity of data used in downloading the blockchain. They have also
been know to make devices run uncomfortably hot.
As such the algorithm for the Electroneum mobile mining experience reflects the Electroneum emission algorithm
+Y / app miners / X, where Y is any additional coins left over from the token sale and X is the time period of
emission which is a restriction based upon a minimum coin release for mobile mining experience and a maximum
mobile mining coin release and control is also subject to the market value of Electroneum (if any). The minimum
mining rate will always be a reflection of the Electroneum smooth emission algorithm and the maximum mobile
mining rate is a series of failsafes and security checks to prevent whale mining and virtual app environment mining
and ensure individuals taking part in the mobile mining experience are treated fairly.
The mobile mining experience does not download a copy of the blockchain or carry out intensive CPU operations
to provide egalitarian proof of work, it is intended to give entry level access to a cryptocurrency by allowing the
experience of mining (i.e. being issued a hash rate reflective of the CPU processing power of the device and being
awarded coins for participating in the experience). The Mobile mining experience does not directly add blocks to
the blockchain and thus it does not overheat the mobile device or use precious bandwidth. The CPU of the device
is periodically queried to ensure the simulated hashrate is correctly balanced with the other running processes and
it gives the user a very realistic mining experience, including accurately issuing Electroneum coin rewards.
The issued Electroneum coins are true Electroneum coins, the same as issued by the Windows, Mac and Linux
full miner. The Windows, Mac and Linux full miner does download the full blockchain and operate in a fully
decentralized manner.
The mobile mining experience has been designed to yield rapid user growth. These users will be encouraged
and likely to take advantage of the significant mining speed and coin emission improvements of mining with the
Windows, Mac or Linux GUI miner, which will enable Electroneum to grow to huge user numbers via the app,
whilst still retaining a significant mining community running the transactional blockchain by running the intuitive
Windows, Mac or Linux application.
The centralized nature of the mobile app will also allow Electroneum to perform transfers of Electroneum via the
contact list in the device, rather than using lengthy public keys which are currently required by all decentralized
blockchains. Those public keys still exist and can be used but a simpler, more intuitive way of using cryptocurrency
is envisaged.
let's recap: it's not a mining. It's an "experience" of mining. Read it as "simulator". Created only for attraction new users (money).
I know there are 3 upcoming exchange listings and the price will go up, but I don't believe in potential of this coin in long term.
Soon coins without strong fundamental idea behind the token (coin) will be devalued.
I really wanted to buy some but sorry, I will look for something else.
1. There is no direct link to the whitepaper on their website's frontpage (at least I couldn't find it for 2 minutes)
2. Dscription of mobile mining actually is not on the whitepaper but in the second document, more techy one
here is about mobile mining:
http://electroneum.com/technical-white-paper.pdf
Mobile Mining Experience
The mobile mining experience is the only part of Electroneum that is a centralized system and not a decentralized
one.
We’ve taken the view that whilst the Electroneum blockchain is a decentralized system, it is only fully decentralized
in all other aspects outside the mobile app and mobile mining experience. We’ve taken the view that the positive
benefits to be gained from a centralized app and mobile mining algorithm outweigh any negative aspects.
Experiments in using the same algorithm that the blockchain uses for standard mining on a mobile device have
been carried out by various cryptocurrencies in the past and they generally drain the battery, result in poor
performance and often cause issues with the quantity of data used in downloading the blockchain. They have also
been know to make devices run uncomfortably hot.
As such the algorithm for the Electroneum mobile mining experience reflects the Electroneum emission algorithm
+Y / app miners / X, where Y is any additional coins left over from the token sale and X is the time period of
emission which is a restriction based upon a minimum coin release for mobile mining experience and a maximum
mobile mining coin release and control is also subject to the market value of Electroneum (if any). The minimum
mining rate will always be a reflection of the Electroneum smooth emission algorithm and the maximum mobile
mining rate is a series of failsafes and security checks to prevent whale mining and virtual app environment mining
and ensure individuals taking part in the mobile mining experience are treated fairly.
The mobile mining experience does not download a copy of the blockchain or carry out intensive CPU operations
to provide egalitarian proof of work, it is intended to give entry level access to a cryptocurrency by allowing the
experience of mining (i.e. being issued a hash rate reflective of the CPU processing power of the device and being
awarded coins for participating in the experience). The Mobile mining experience does not directly add blocks to
the blockchain and thus it does not overheat the mobile device or use precious bandwidth. The CPU of the device
is periodically queried to ensure the simulated hashrate is correctly balanced with the other running processes and
it gives the user a very realistic mining experience, including accurately issuing Electroneum coin rewards.
The issued Electroneum coins are true Electroneum coins, the same as issued by the Windows, Mac and Linux
full miner. The Windows, Mac and Linux full miner does download the full blockchain and operate in a fully
decentralized manner.
The mobile mining experience has been designed to yield rapid user growth. These users will be encouraged
and likely to take advantage of the significant mining speed and coin emission improvements of mining with the
Windows, Mac or Linux GUI miner, which will enable Electroneum to grow to huge user numbers via the app,
whilst still retaining a significant mining community running the transactional blockchain by running the intuitive
Windows, Mac or Linux application.
The centralized nature of the mobile app will also allow Electroneum to perform transfers of Electroneum via the
contact list in the device, rather than using lengthy public keys which are currently required by all decentralized
blockchains. Those public keys still exist and can be used but a simpler, more intuitive way of using cryptocurrency
is envisaged.
let's recap: it's not a mining. It's an "experience" of mining. Read it as "simulator". Created only for attraction new users (money).
I know there are 3 upcoming exchange listings and the price will go up, but I don't believe in potential of this coin in long term.
Soon coins without strong fundamental idea behind the token (coin) will be devalued.
I really wanted to buy some but sorry, I will look for something else.
good pump, let's take it to 5k sats!
Another big pump slowly but surely this coin is making many holders rich, the temptation to sell is always here especially if you need money, or wants to buy something, remember early investors are on 1000% profit and it's only three months.3000% actually. Bought for 0.06 Cent and will keep holding.
Block explorer offline anyone else? Cant seem to reach it.
hey, can you please explain: I heard that this coin can be mined with mobile phones? But what's the point in this if they are also can be mined with rigs like a regular crypto coin?
smartphones are not so efficient as professional videocards and mining cards. Thanks man!
Jump to: