Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 62. (Read 240382 times)

In that case the coins will be shown in Cryptopia when the deposits in Cryptopia resume.
You can understand that if you think of how the blockchain works... once your transaction is complete, it means that it's written in the blockchain. If an exchange is has paused deposits, then they have just stopped "scanning" the blockchain. Once they resume "scanning" the blockchain your transaction will be read and your Cryptopia balance will be updated.

Wow, so much hypocrisy at once.
When the anti-asic fork occured about 10-14 days no transactions have been possible, now you guys cry a river about some hours? What a joke, lol.

Same here. I sent a few coins yesterday, the ETN app shows "pending" even though the blockchain mempool is empty now. In the meanwhile Cryptopia stops accepting ETN deposits. So they don't accept it now, but I sent it yesterday. If the status changes from pending to completed, where will my coins end up?

same issue with my a pending transcation 
and if this exchange is cryptopia - they closed deposit for now!
WTF!!!

everything is very accurately marked!
I totally agree with you!

Edit: all good with this pool 

It's so much instant payment that I have a pending transcation (send ETN to an exchange) since for nearly 5hs...

ETN is becoming more and more centralised. It almost feels like the decentralised blockchain is standing in their way. They keep changing the algo, they have removed Monero's privacy features... Why not remove mining altogether? Keep only the simulated miners and replace blockchain with a database. This way they can finally "reinvent" instant payments and be like Visa.

sorry but thats bs. ETNs wants mass adoption and this is not made by an asic resistent algo. not everybody who use cryptos wants to mine it right? Your "mining adoption" for the newcomers is still given with the "mobile mining" experience.

So an asic friendly algo is no argument that the coin is dying

Actually ETN with it's simulated cellphone mining has the best adoption available to be honest.
Just because a handfull switching forth a back miners have a coin less now doesn't mean for sure that adoption will be sacrificed.

Right now on the cell phone 131k simulated miners, that's pretty strog in my opinion.

The pump is because of the listing of the coin on new exchange. Happen every time!

Also since pretty much all wallets are blocked, you simply cannot sell the rally because you cannot move your ETNs.

The reason why the "CEO" of this ultra centralized coin makes hastily cowardly rollback IS again the listing on the new exchange.

If you go to asics you sacrificing the most valuable thing, and that is adoption. You simply deny 95% of people the ability to participate.

RIP.

I don't think regular small investors are so happy about ASICs that the price is rising.

One bad scenario is some ASIC whales are buying the coin to bring the price up and then they could mine huge amounts fast again and dump all of it fast again for a high earning. Basically this could be a pump and dump I fear .

 The rise was after the announcement

Next fork will not solve the ETN algo problems. With this approach they show only their incompetence and disprespect to coin owners and ICO investors.

When they did last fork the errors in their blockchain blocked all transaction for almost two weeks. They spent a small fortune on NiceHash to find the block.
After they "roll up" the chain they constantly had a problems with diff calculations. Why another coins do not complain about lack of miners? Because they have a good algo.

In last ETN announcement about miners and planing a fork, they wrote some rubbish. They try to blame GPU miners for speed and errors in their Algo! Hello, ETN team made a rules, made an "offer" and miners only can play by their rules, deciding to mine ETN or some another altcoin.

If they want to fix the thing and avoid "waves of miners" (total nonsense), they have an easy solution with full control. Adopting or developing some subversion of Cryptonight algo, like Alloy, Stellite, Heavy, Argo, Light... This will gave them loyal and stable miners with steady hashrate and fair mining award.

They decide to step back to ASICs. Why? With all centralization and another problems with it. So, probably the community rumors about some possible undertable deal with ASIC producers become more and more visible. Also after that rumors We can see the price decline, despite of lot of good news (Coinbene, beta payment testing).

During the next fork We will get long term harm for ETN. In the first week, because of errors in algo, ASICs will solve the blocks in less than a second. So, We will have a huge inflation of new coins mined in short time. You can understand what a huge amount of coins can do to coin price.

The ICO investors and coin owners were cheated a few times (since beginning, 2 month of locking wallets...) and now with so much unnecessary forks. The simply need to repair and retune their algo.
ETN plan to be coin for mass payments. Let's imagine that 20000 POS exist on ETN. How they will work while blockchain is blocked around 10 days?

Yes, you are wrong mate

I'm also against going back to ASIC mining, the reason being that everyone can GPU and CPU mine and therefore everyone can get engaged with Electroneum, initially as miners and later as users/investors/traders/HODLers/whatever.

BUT...
This time we're the ones to blame and not the dev team. Maybe not "we" that read this thread, but those we used to follow Electroneum and for whatever reason stopped.
If enough miners would support the blockchain we wouldn't have to run back to ASICs. It's thanks to those who are unable to look a bit into the future and only act on what is the price RIGHT NOW that we will not have enough miners until the price rise and auto-switch software point those lazy miners to Electroneum.

But would the price ever rise if the blockchain continued to be unsteady? I don't know, and obviously the developers are not willing to risk it by waiting to find out when their plans are to sign partnerships.
It's very possible that some of their partners demanded a higher hashrate in order to proceed with agreements. At least as a businessman this is what I'd demand from a possible partner: stability.

Maybe the best possible solution would be a change in the algo which would change the way the difficulty is updated, in such a way that we get quicker difficulty change. Wouldn't that render the strategy of mining with a big farm for a few hours and then leaving useless? Is it impossible to make such a change?

it is useless to explain to you that if you hear only yourself and pretend that you do not see the obvious facts
so, never mind 

The blockchain will recover pretty fast after the fork is reversed for the Asics. Have in mind that the asics speed up pretty fast in my opinion and they
get a blockchain with low difficulty for asic standards.

It is a debakel. If you go from 3000 MH/s to some 15 MH/s and get time spoofed (no matter if it's a code/dev error) by nicehash gpu traffic that this is a debakel.
This could have avoided as it would not have happened without that useless fork and than only a handfull loyal gpu miners stepping in.

I treated ETN as a long term investment, but I'm beginning to doubt now. Because I see that there are problems with mining. I might be wrong ?