Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 60. (Read 240382 times)

Hello, fellow miners!


Features:
- email notifications of workers down
- stats and hashrate chart per worker
- PPLNS reward scheme for rounds shorter than hour, PROP scheme for longer rounds, PPLNS window is 60 minutes
- payment id, integrated address, subaddress supported
- adjustable payment threshold
- every port supports secure SSL/TLS connection as well as insecure one
- static diff supported, see static diff calculator
- multiple daemons, to prevent downtime in case of daemon stuck
- height checks, to prevent mining on forked chain
- sample configs for ASICs
PPLNS fee: 0.9%

Location: Europe

Welcome & Lucky Mining!

What mobile mining lol that's a gimmick   and even if they really did magically "mine" it would take years to earn what 1 ASIC will do in an hour.

It WAS making progress before they screwed with it AGAIN....

Regardless of all of this, Still I believe in ETN. The only thing I'm looking a decent amount of mass adoption, which lead the marketing process and pushing it as a payment method. The mobile mining is key for mass adoption in my opinion. Let Etn begins to make Progress.

Fully agreed...
... and when we add the devs statement that they forked back to ASIC because of Exchange condition... sad story...
What if some next partner ask to change the name...no problem, here is a price...

This coin ETN has been trashed again by ASICS. The price is a reflection. Instead of thousands of miners earning ETN, you have a few with ASICS making all the coins. Nothing remarkable about it. Same old shit again, just another day.  

This choice to fork back is all about greed and politics. Only ones benefiting are the devs, Bitmain, and the FEW miners who own ASICS and are now once again mining all the ETN. Centralized ETN mining is back!

Nothing but smoke and mirrors about this fork......

Be lucky to see ETN hit 200 again, now that the markets will be flooded. We will see some true "mine and dump" from the ASIC miners.

It was fun GPU mining again while it lasted  

Only thing remarkable is how the devs have screwed up this coin again..... If they had good code writers instead of cloning ETN we may have had something special.

Its all water over the dam now anyways.

Good luck everyone. Bag holders keep holding! lol

So GPU miners are holders and ASIC miners are dumpers? I don't believe it's that simple.
The only thing that I was afraid of was that there would be less ASIC miners than GPU miners, but seems I was wrong, the numbers from the main pools show about 40% increase in miners (my rough estimation).

I think that when there are less miners and the rewards are shared among less people, then since everyone gets higher rewards of a single coin it is more likely they'll sell a big amount of it.
For example if I mine 500$ in ETN everyday, I'd like to exchange about 50%. But if I mine 50$ in ETN everyday, it's easier for me to hold through bad days.
But instead of having less miners, we have more miners after the fork!

Therefore even though I was initially against ASIC miners, I find this a wise choice from the developers. It's also remarkable how quickly they announced and then forked successfully.

there is no point in buying a coin if it will be cheaper tomorrow because of asics permanent dump
no more buying etn  

oh, realy? monero team says, that they will change the algo for mining each 2 weeks if it requires.
and many other CN coin live without worrying about asics and nicehash 

Actually i think no. Electorneum is aiming into a different direction where it doesn't fit really to be based on Ethereum in my opinion.
Not even talking about that Ethereum is allready overloaded. I don't think that a micro payment coin should be on Ethereum, actually
i would go as far as saying that a payment coin on ETH is doomed to fail.

perfect, some people will thank you, including me, it's always nice when you can buy up some cheap bag of coins that are dumped at low price from angry kids  

Maybe the team saw that the mining difficulty was still very high and GPU miners were not enough. Also with nicehash it didn't help to make the difficulty go down for little CPU/GPU miners.
But i agree that ASIC are going to win the war one day. You can't change the algo for mining each 6 months.
Current ASIC hardwares are going to be obsolete on next year as they surely are preparing new and faster hardwares.
Only coins with POS/DPOS and no mining are going to survive against ASIC. I don't know if only CPU mining coins are going to stay like this.
ETN should have been a token on ETH... Don't you think?

All my words about these devs was exact like hell - all they care are PR and income...

We all wish the best luck to ETN, but I think that all our wishes will not help. Price is lower and lower... :-(

What We have here... the CEO of ETN Team confirm that they initiate a new blockchain fork, because  Coinbene (the exchange what possibly list the ETN) worried about ETN network stability!
Why, they are worried?
Does they now something more than ETN team?
Is it usual that Exchange gives directions to coin owners/devs about changing of algorithm? (Do You know some other coin what change his algo because of exchange?)

We remember the blocked wallets, delayed trading, from the start of ETN.
Changing of coin algorithm is a serious thing, coins do not change algos every month.
 

Oh yes? What group is that?

there will be a dump party from our group.

I do not get why you are all upset of the ASIC switch.
ETN was worth mining with GPU only until early January, after that it has almost always been a dude.
There have been more profitable coins to mine up to 10x the profit.

If you really like to get ETN, mine something else and then buy some ETN, you will need only a fraction of your daily profit to buy the same amount of ETN you would be able to get mining it directly.

IMO there is no point of wasting time dwelling on the switch to ASIC.
Let's wish ETN good luck and hope it will rise in recognition and price.

True, the raise was because of the exchange's announcement.

Yet, You can still sell your ETN for BTC, LTC or USDT, even if the wallet is blocked.
Transactions within the exchange are allowed even if the wallet is blocked.
So you can sell the rally and then take the funds out  to another exchange and convert in FIAT if that is your desire.

As for the ASICS, honestly I would not care, even if in the past I was mining ETN with several GPU rigs, but lately it was not worth doing it at all, since there are other coins that, at times, are up to 4 X more profitable than ETN. If you like ETN you just buy it with chump change from the profits you make mining others coins.

If  ASICS will give ETN more stability, so be it.
Mass adoption is not reached by making few thousands of miners around the world happy, but providing a service to millions of people that needs transactions.

Yet IMO ETN is a coin that will reach maximum 1$ value, but that is a big if.

Cheers

For a fair calculation of the possibility of an attack with nicehash traffic you need take into account 2 factors (you took only one):
- price
- availability

Just as an example: Right now free for immediate rent:
- CryptoniteV7 traffic: 71 MH/s (enough to perform a 200% attack)
- Cryptonite: 557 MH/s (not enough to perform a 51% attack) as the current network hashrate only some hours after the fork is allready 1.21 GH/s and will pass mostly 2, eventually 3 GH/s.

This means even if you have the cash for renting that much hashrate there is not enough available to rent to perform a successfull attack. Just in all fairness to be correct you should take this
into account when you mention the nicehash attack issue. This said, the network is right now more secure than bevor, just elementary mathematics by the way.

Edit: Out of curiousity i checked prices for the given algos:

CryptoniteV7: ~0.16 BTC per MH/s
Cryptonite: ~0.01 BTC per MH/s

Now i don't remember how much the hashrate of the ETN was lately, so i just guess that 25 MH/s would have been enough to overtake the network with nicehash cryptoniteV7 traffic, this would result in 4 BTC per day.
Compared to the situation right now with 1.21 GH/s and 600 MH/s needed rented hashpower from nicehash it would allready result in 6 BTC per day.

In case the needed cryptniteV7 hashrate is guessed wrong, please correct me, just too tired to look it up.

How to believe in coin, team and CEO, who recorded a video on their official website (29.6.2018), that they are very satisfied with  situation after first fork, that everything is great etc.
Only 3 days later they announce new fork and start to spread the news that GPU miners do not want to mine ETN ?!?!
They made such a huge decisions only in 3 days, or they do not know what they are doing?
In today announcement of ETN,after the new fork, CEO gave some information that clearly confirm the community rumors. There was an info that Coinbene will deeply examine ETN blockchain, prior of any listing.
ETN CEO directly declare that they got a condition from Coinbene to fork back to ASIC miners prior of any listing!!!
Knowing the very good relations between Bitmain and Coinbene...

Here is a today quotation from www.cryptobriefing.com:
"The fork, which Ells preferred to call an “urgent update”, was also needed for the company to sign commercial deals as well as to finalize its listing on the Coinbene crypto exchange. “They [Coinbene] were worried about the network’s stability”, said Ells."

Another statement from today showing a huge lack of understanding, and trying to explain why they fork back without any reason. They said that it was because of potential Nicehash generated 51% attack. They said that someone with 3000USD could made a successful attack. Maybe, but they forgot to check the price of "old" cryptonight on Nicehash, they will found that price for "old" cryptonight is much lower than for V7 version.
It is unbelievable that this team earned over 40 millions of USD in ICO and now act like this.
So, who cares about coin owners or ICO investors...

That's the same thing people said two months ago and I bought some coins. After buying, the price just kept going down. I tried averaging down to cut my losses but nah. It was a fruitless effort as people kept dumping on me without mercy. I don't think the team is doing enough for the project. The updates has reduced significantly just like the price. Even their once active Telegram community is now a ghostland.