Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 410. (Read 240341 times)

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!!

http://electroneum.com/#team

There seems to be a lot of development know-how in the team... (although there's little or no mention of QA, from what I can tell!)

True. I used to be a graduate assistant doing one of the shifts managing a small server cluster used by hundreds of faculty and staff, for only a few dollars an hour. It's not rocket science. It's understandable if the server got stuck for a couple of hours. It's unacceptable to leave it in limbo for days. Even if it's not a priority item for the devs, it's the "official" pool for a high profile project.

Okay, since we are on the subject, has anybody bothered to check the team behind the project?
I would have obviously done that if I wanted to invest into an ICO, so I'm curious if any of the investors took a closer look at the team to see how many of them have development skills and how many are in marketing and so on.
If the team's core is from the marketing then you know what to expect on development side

where do i get an adress to start mining?




 

if i mine in cold wallet
how to transfer me coins to the exchange?
how to open my wallet?
P.S Sorry for my bad english

Same here, asia/EU pool missing coins i think.
Almost half of the submitted Hashes gave me 76.11 ETN...
After i understand they stole my hashpower,
i switched to hashparty.io and the ETN flow
again, even not as much as before (ye, diff. i know).

Pending Balance: 76.11 ETN
 Total Paid: 4774.00 ETN
 Last Share Submitted: about 24 hours ago
 Hash Rate: 0 H/sec
 Total Hashes Submitted: 256435615

interesting points here..and also...why they opened a second thread for the same coin?  

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.

It's highly unlikely because the amount of coins mined in those 10-12 hours would be just a fraction of the ICO coins.

I've been occasionally mining for a few years so I've seen this before - when a pool is mining and shows no blocks found - that's some kind of a glitch in a billing service, I guess.
I've also seen it many times when a team behind the pool was able to recover those blocks manually and issue payouts.

But that's when there are developers behind a pool who are interested in having a good reputation and to keep their pool running.
With Electroneum there may be a chance that the Dev team just simply abandoned their pools (they stated at the very beginning that they have no interest in creating the pools and they want to have more pools created by community).

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.

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.

With investor coins, refferal bonus coins, and coins that have been mined so far, there is around 5.025 Billion ETN coins in circulation.

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   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.

Thanks for that! I corrected my first line accordingly.

Nicehash is not mining any coins. The hashes are directed where ever the user that pays for the hashing power directs them. The person buying the hashing power then receives the coins he mines and the users that are renting their hashing power receive the BTC.

BTC supply: 21000000.00000000
ETN supply: 21000000000.00

Think about it.

^ This guy pretty much summed it up, although we don't know for sure exactly what NiceHash does with the coins. They could be HODLing them and paying out BTC from their reserves for all we know. Correction: Users buy the hashpower and point it at the pool of their choice. In this case Electroneum which increases the demand for the CryptoNight algorithm.

NiceHash is software that will automatically mine the most profitable coin by algorithm for your hardware. In this case we are talking the CryptoNight algorithm.

Since Electroneum was the most profitable coin to mine (for AMD at least), it will add more hashpower to the blockchain, which is the point to mining.

You pretty much lend your hash power to NiceHash and they handle all of the configuration on their end.

So instead of mining for 24 hours on the official pools and receiving 0 coins which is what happened to me, I can still mine the blockchain and receive compensation. That's how mining is supposed to work, but at the moment it is broken for some.

I would consider myself an expert level miner (had no issue whatsoever with configuring CPU/GPU mining, paper wallet, and importing into command-line wallet within 20 minutes, and with extensive troubleshooting could not see pending coins after 24 hours of mining) so I can see how those new to the game would have issues.

NiceHash is simply the stopgap until those mining issues (not everyone is experiencing, but many are, are resolved)

I can agree that without NiceHash the total hashrate would be lower because people who don't know about Electroneum at all are helping to mine it now.

Not sure if a higher hashrate is a good thing or a bad thing in the developers eyes. If there is an actual use case for the blockchain then I see it as a good thing.

If you dont have the 25-word-seed (like me, never got it ) you also can just go and create it with your 3 paper wallet keys (public, view, spend).

^^ Bump

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.