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Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 409. (Read 240374 times)

sr. member
Activity: 518
Merit: 258
when can I log in to electroneum again and check my account? log in is not possible at the moment
hero member
Activity: 1232
Merit: 528
Community Manager: ETN
Im confused as to what you mean by this.

Can you or others that do understand, please explain in more detail.

"You wont get ETN, but will help others get ETN" is what Im confused on

Contraband, can you please comment on the issue with the mining pools and mined blocks being stuck in a limbo?
Few people have been trying to get your attention to this issue and so far all the messages have successfully been ignored.

Thank you.


yea i was wondering the same thing.  many miners pointed their rigs are the broken uspool electroneum pool servers.   what didnt make sense to me is when i had all 3 website stats up simultenously, and uspool seemed 'stuck', i would monitor the 'Electroneum Pool Network' and 'This Pool' stats simultaneously across them (these stats represents all 3 pools in the Electroneum Pool Network, not the entire blockchain network), and in high frequency it would say 'block found: x minutes ago', but if you looked at eupool and asiapool those pools wouldnt have updated their 'THIS POOL: bound found: x minutes ago' but uspool was not updating 'this pool' at all or rewarding its miners.   In other words, it does seem like mining on uspool WAS finding blocks, however the pool itself completely stopped updating its stats and blocks found and it was not appropriately rewarding the miners with those blocks.   (in other words, a major failure OR a scam pool).   So basically I'm also wondering wth is going on here and whether or not those miners are going to get the rewards they deserve.

It seems like they're holding funds from all official mining pools so they can sift ETN to pay ICO investors? Unlike ERC20 Tokens which can be issued with ease to ICO investors, Electroneum decided to use a fork of Monero which is based on Cryptonote tech, which means you cannot issue tokens, you have to mine them. I understand they pre-mined like 9 billion though? Or did they fuck up their pre-mine?

Maybe they fucked up with the pre-mine and are holding all official mining pools in order to pay ICO holders? Who knows I'm just being speculative here, but it's very odd that all official mining pools have stopped paying out miners, not to mention the ridiculous 4% mining fee! Should be max 2%.

What's even more surprising is that a ETN has a max supply of 21,000,000,000 which is mind blowing considering the price is .09 right now. This coin should be well less then a cent based on pure fundamentals, granted the sheer amount of noobs and hype around the coin has generated tons of interested. I do like the fact 237890132709437094327021 noobs are learning what the hell a wallet-cli is and are learning about mining and the pain staking process behind it though. Tongue

I doubt they would make such a mistake, but if what you said about the pre-mine is true, that means the coins already mined actually should worth a lot more right now. I don't know much about privacy coins. Is it possible to just examine the blockchain and see how many coins are in circulation?

The part about noobs learning is so true  Grin As an old bitcoiner since 2011, always thought I should spend some time and learn about privacy coins such as XMR, but just too lazy to get started. Now that I have some experience with ETN, the skills can be transferred to XMR mining down the road.


I wont delete your response to hide the post you responded to because I deleted, as my intention is not to "hide" posts.

The post is just so ridiculous. I didnt want to go through one at a time and respond to the barrage of questions that were just pure FUD in my opinion. The devs are not scammers. So for transparency I leave it here so you can read it if you really want to, but believe me, dont waste your time and just move along.
newbie
Activity: 2
Merit: 0
Im confused as to what you mean by this.

Can you or others that do understand, please explain in more detail.

"You wont get ETN, but will help others get ETN" is what Im confused on

Contraband, can you please comment on the issue with the mining pools and mined blocks being stuck in a limbo?
Few people have been trying to get your attention to this issue and so far all the messages have successfully been ignored.

Thank you.


Contact the mining pools support on this. I dont know.

Stop using the pools that charge 4%. The devs have stated that the goal is to close then as soon as possible, as they dont want to run them, and they specifically charged 4% to discourage users from choosing them to mine. They were only there to bridge the gap until independant pools were started. Now there are plenty of other pools to choose from; please use one of them.

What will happen to Pending Balance if they Close?
sr. member
Activity: 325
Merit: 250
Made a mistake on selling account ddnt read rules
Good to be here
Goodluck devs
hero member
Activity: 1232
Merit: 528
Community Manager: ETN
What's even more surprising is that a ETN has a max supply of 21,000,000,000 which is mind blowing considering the price is .09 right now. This coin should be well less then a cent based on pure fundamentals,

BTC supply: 21000000.00000000
ETN supply: 21000000000.00

Think about it.


The price still has it at a marketcap less than being in the top ten. Although it is impressive as this still puts ETNs MC close to the top ten in the middle of a hack that has stopped the devs from giving investors access to their wallets.

Think about that!!

Imagine when everything is back to normal, and people see the devs navigate us through this stressful time successfully and they announce news of the coming partnerships that are in the works.
hero member
Activity: 1232
Merit: 528
Community Manager: ETN
Why are we not able to mine in the US?  I mined for 6 hours and submitted 8682884 hashes but I received nothing...

I mined all day on the launch day with 7300 h/s and got nothing to show for it.

The next day I switched to NiceHash. You won't get electroneum but essentially your hashing power will be used to help someone else get electroneum.

You will still be helping the electroneum blockchain, the mining will just be managed and compensated by NiceHash with BTC instead.


Im confused as to what you mean by this.

Can you or others that do understand, please explain in more detail.

"You wont get ETN, but will help others get ETN" is what Im confused on

nicehash is a mining service (google NiceHash) and people point their mining rigs at nicehash and nicehash redirects to whatever_coin_is_most_profitable.   (this is also why as soon as nicehash supported ETN the network hashrate jumped from 10MH to 150MH in a matter of a few hours).   so when you're mining to 'nicehash', you're not mining the coins directly.  you pick the algorithm best for your rigs, and nicehash basically acts as a proxy to the most profitable blockchain, nicehash gets the mining rewards (in this case ETN since ETN is most profitable right now), and nicehash auto-dumps all the rewards on the exchange for BTC and pays the miners in BTC.    so again thats why the network hashrate skyrocketed, and its also why the coin is drasticallly dropping in price fast because nicehash auto dumps all rewards on the exchange immediately into BTC and pays the miners in BTC (while keeping a nice chunk for themselves too).  many people like using nicehash for it's auto-switching capabilities to auto switch to the most profitable coins so they can just set-it-and-forget-it and basically sit back while BTC accumulates in their wallets.



Everyone please note this post as this will answer a few of your questions.
hero member
Activity: 1232
Merit: 528
Community Manager: ETN
Im confused as to what you mean by this.

Can you or others that do understand, please explain in more detail.

"You wont get ETN, but will help others get ETN" is what Im confused on

Contraband, can you please comment on the issue with the mining pools and mined blocks being stuck in a limbo?
Few people have been trying to get your attention to this issue and so far all the messages have successfully been ignored.

Thank you.


Contact the mining pools support on this. I dont know.

Stop using the pools that charge 4%. The devs have stated that the goal is to close then as soon as possible, as they dont want to run them, and they specifically charged 4% to discourage users from choosing them to mine. They were only there to bridge the gap until independant pools were started. Now there are plenty of other pools to choose from; please use one of them.
sr. member
Activity: 672
Merit: 250
What happened with the old thread? I cant find it. Also i just noticed that electroneum was hacked. Where can i find latest news?
full member
Activity: 180
Merit: 100
where to take the instruction on offline wallet?
how to check balance?
hero member
Activity: 1232
Merit: 528
Community Manager: ETN
What bugs me the most is that why a team who raised $40 mln in funds wasn't capable of hiring a middle level Linux admin/developer who could do the job for a few thousands bucks?

I wish I am wrong, but this thought seems to be very logical to me. With that kind of budget there shouldn't be any shortage in team's skills set.

this bugs me too, because as it stands today their codebase (which is public on github) is nothing other than just a monero fork with a string replace of monero to electroneum.  literally 0 added intellectual property for blockchain technology.   i have no idea what they're devs are doing.  i guess they focused on the mobile app which is yet to be seen.


Yes, all of the innovation is in the centralized mobile mining side of the coin, and will not be put on github as this part of the project is not open source.

I know its frustraing that we got hacked by a huge botnet, but we will surive.

The devs are doing the right thing, but right now that isnt making people feel much better, but it does make me feel better because I wasnt going to sell until we hit $1-$2.

So the only difference it made to me,6 was to show we have a dev team will make the hard choice in the face of adversity, to DO THE RIGHT THING!!

Just on the hack, can you clarify what they got? The email stated to change email passwords, did the hackers get the email list of all investors? Is there a possibility we will get email from the hackers and not the legit dev to do something that could compromise our coins?


Yes, there is a possibility that you will get a phishing email from the hackers. One of the admins on Telegram believes he got one himself.

Be careful guys!!!

sr. member
Activity: 2030
Merit: 269
I'm glad that we have a moderated thread because of so many useless post, some of them are fuds, some scam coins threads moderate their thread but electroneum is an exception, this is a real project with real and experts people on board let's give them a benefit of the doubt.
newbie
Activity: 27
Merit: 0
Is the request to change wallet password legit? any proof?
newbie
Activity: 2
Merit: 0
What bugs me the most is that why a team who raised $40 mln in funds wasn't capable of hiring a middle level Linux admin/developer who could do the job for a few thousands bucks?

I wish I am wrong, but this thought seems to be very logical to me. With that kind of budget there shouldn't be any shortage in team's skills set.

this bugs me too, because as it stands today their codebase (which is public on github) is nothing other than just a monero fork with a string replace of monero to electroneum.  literally 0 added intellectual property for blockchain technology.   i have no idea what they're devs are doing.  i guess they focused on the mobile app which is yet to be seen.

Actually hiring a good dev, is NOT easy at all. It takes a lot of time and effort. We are a development team, so I know what thats like. Only people don't know it, say things like we can just hire, oh its just writing code... BS. Go do it and tell me how its like.
full member
Activity: 250
Merit: 101
It seems like they're holding funds from all official mining pools so they can sift ETN to pay ICO investors? Unlike ERC20 Tokens which can be issued with ease to ICO investors, Electroneum decided to use a fork of Monero which is based on Cryptonote tech, which means you cannot issue tokens, you have to mine them. I understand they pre-mined like 9 billion though? Or did they fuck up their pre-mine?

Maybe they fucked up with the pre-mine and are holding all official mining pools in order to pay ICO holders? Who knows I'm just being speculative here, but it's very odd that all official mining pools have stopped paying out miners, not to mention the ridiculous 4% mining fee! Should be max 2%.

What's even more surprising is that a ETN has a max supply of 21,000,000,000 which is mind blowing considering the price is .09 right now. This coin should be well less then a cent based on pure fundamentals, granted the sheer amount of noobs and hype around the coin has generated tons of interested. I do like the fact 237890132709437094327021 noobs are learning what the hell a wallet-cli is and are learning about mining and the pain staking process behind it though. Tongue

they premined 60% of the coins, which you can see on block #1 https://blockexplorer.electroneum.com/tx/878ec74ff5f305ba30df3bae5f84bc59c8cb8cfbcc3df12f58dd7e646999892b

thats 12.6 billion coins premined out of total supply of 21 billion. supposedly 4.4 billion of that is for ico coins that are still waiting to be paid and the other 8.2 billion of the premine is for the "mobile simulated mining experience".  afaik this 8.2 billion premine for the mobile mining experience was NOT announced at all which comes as a massive surprise, and IMO its way to large and is going to really a gold mine for  hackers to simulate phones so they can accumulate more for themselves.  The other unmined 8.4 billion is for desktop miners who mine the actual blockchain (mobile mining experience does not mine the blockchain or find any blocks at all, its fake mining, and this WAS CLEARLY communicated in their technical white papers which apparently nobody read and this furthered a lot of misunderstanding/mistrust/miscommunication.)

the reason for the high 4% fee they said is because they wanted to encourage other pools to pop up (they themselves did not want to be the main pool that everyone uses).  

they did say one of the purposes of ETN was to "introduce" everyday people into the crypto world , which is sort of working, but unfortunately the failed launch of the desktop wallet and ico coins and the lack of good communication from the company I think is just pissing off more people so its kind of backfiring.  especially since a lot of people really thought they'd be able to mine a lot using cpus when in reality they didnt stand a chance against the pro gpu miners.  They should have communicated better expectations for sure.  Combine that with the the completely broken official electroneum pools (which they have yet to address which is even more embarrassing to them), and its really just a disaster launch.  

for me personally I mined a *lot* of coins right from the start and sold them all, but I knew what I was doing when everyone else was scrambling how to use their desktop cpu miner they downloaded (and unfortunately pointed them at the broken pools which they would have no idea of why they werent getting anything), and even many gpu miners had no idea how to mine monero.   i'm also an investor, and waiting for the ico release, and i do expect a dump at first but after this initial dump I'm hoping people get over the all the distaste going on (yes, they messed up big time), but in general for their future I think they do have something big especially with the online gambling and gaming aspects..., so i expect the coin will rise back up at some point.
They say that they thought of hackers simulating phones and people using lots of phones and have something in place to stop it happening.  The video on facebook is worth watching, makes me think they have thought a lot of things through and when they get the immediate problems sorted out, this coin could be worth holding.
full member
Activity: 180
Merit: 100
what to do about offline wallet ?
how can I use it?
member
Activity: 71
Merit: 10
Yes, all of the innovation is in the centralized mobile mining side of the coin, and will not be put on github as this part of the project is not open source.

Contraband,

Thank you for not ignoring my post this time.
But once again, the main question got ignored.

When the dev team will look into the pool?
Are they planning to do so?

I presume you are in constant communication with them, so why can't you share their plans?
If they have no time or intention to fix it, at least we would stop wasting our time trying to get some answers.

You keep saying the coin will cost much more and keep promising ICO and mobile miner release, but that's not what we are asking.
Frankly, how reliable mobile mining could be if a simple issue with a pool hasn't been addressed for 48 hours...


Relax and join us at easyhash.io

Join our telegram if you need any assistanse to get mining

It's a new coin, there is always bugs and unforeseen issues in the beginning. Just the scale in this project...
full member
Activity: 158
Merit: 100
Yes, all of the innovation is in the centralized mobile mining side of the coin, and will not be put on github as this part of the project is not open source.

Contraband,

Thank you for not ignoring my post this time.
But once again, the main question got ignored.

When the dev team will look into the pool?
Are they planning to do so?

I presume you are in constant communication with them, so why can't you share their plans?
If they have no time or intention to fix it, at least we would stop wasting our time trying to get some answers.

You keep saying the coin will cost much more and keep promising ICO and mobile miner release, but that's not what we are asking.
Frankly, how reliable mobile mining could be if a simple issue with a pool hasn't been addressed for 48 hours...
member
Activity: 71
Merit: 10
Easyhash.io
Electroneum mining pool


Nicehash support!




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| User Friendly Interface | 10 Minutes Payment Interval | Located In Central Europe





WebMiner
https://easyhash.io/web_miner

Mine crypto currency on any platform directly from your browser!



Contact Information

Telegram: https://t.me/joinchat/FJJ75Q8Zf-EDECBj26csNw

full member
Activity: 410
Merit: 106
What bugs me the most is that why a team who raised $40 mln in funds wasn't capable of hiring a middle level Linux admin/developer who could do the job for a few thousands bucks?

I wish I am wrong, but this thought seems to be very logical to me. With that kind of budget there shouldn't be any shortage in team's skills set.

this bugs me too, because as it stands today their codebase (which is public on github) is nothing other than just a monero fork with a string replace of monero to electroneum.  literally 0 added intellectual property for blockchain technology.   i have no idea what they're devs are doing.  i guess they focused on the mobile app which is yet to be seen.


Yes, all of the innovation is in the centralized mobile mining side of the coin, and will not be put on github as this part of the project is not open source.

I know its frustraing that we got hacked by a huge botnet, but we will surive.

The devs are doing the right thing, but right now that isnt making people feel much better, but it does make me feel better because I wasnt going to sell until we hit $1-$2.

So the only difference it made to me,6 was to show we have a dev team will make the hard choice in the face of adversity, to DO THE RIGHT THING!!

Just on the hack, can you clarify what they got? The email stated to change email passwords, did the hackers get the email list of all investors? Is there a possibility we will get email from the hackers and not the legit dev to do something that could compromise our coins?
full member
Activity: 171
Merit: 100
kiramine.com
Hey community and miner,


we want to announce our new pool to support Electroneum Coin.

We also have Nice Hash Support on all Pools for everybody who wants to put huge hashrates on it ;-)

etn.kiramine.com 2 % fee and min. payment 5 ETN

Our pools are based on highspeed servers based in one of the biggest datacenter of europe.

We are always reachable via email [email protected] and a few hours a day via live chat included in our pool sites.

If anybody has special wishes to our pools, let us know, we can figure it out.


Our other pools:

sikka.kiramine.com 2%

b2b.kiramine.com   2%

freelabit.kiramine.com  2%


We wish happy mining on our pools  Wink


greetz

alex from kiramine team
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