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[Yugocean]

"Electroneum (ETN)"
This cryprocurrency is launched by UK based Electroneum Ltd.

It allows easy Mobile/GPU mining with Electroneum app. It have it;s own secure Online and Offline Wallets.

On leading cryptocurrency forex platforms, like Cryptopia, it can be exchanged with other accepted currencies.

What are your reviews/experience with it?

 

[hvega]

The future of crypto currency.

 

[overcast]

I wonder how good performance this is showing as of now. I personally don't see much out of this coin though. i am going to watch out in due time. I guess some of the ether based protocols are more in demand right now. in future we have to see how that goes.

 

[Yugocean]

Now it is still in some gain, although it was also dropped at certain level; but in comparing to others only; this made it to keep it's top 50 rank level safe, ETN is still at Rank 50 in coin market.

 

[len17]

I used Cryptopia many times to deposit and withdraw ETN, BTC and never had issues. There was no need to have your account approved or send documents for a day trade, deposit and withdrawal limit of 5000. But you hear a number of members complaining, I wonder why?.

As of yesterday ETN is on Qryptos and I used them today to deposit ETN which was very fast and easy. The only problem is that you need to have your account approved to withdraw. A bit tricky, you can deposit and trade but cannot withdraw before your account is approved.

 

[Yugocean]

That is good, ETH has now started raising in little; it;s coin market status reveals that it's value is stable for some time with a little raise after the big fall has stopped.

 

[liah33]

I have Etn but as of now i decided to hold my coin for future market value rather than trading my Etn in bitcoin. Sometimes you really need to wait for the right time, perfect timing to get more profit which can be beneficial to you

 

[Yugocean]

@liah33 that is right decision, you don't know the future of the coins, but you are using it for long time investment. I will however say this long term should be combined with Bitcoin so that you can even earn extra from Hard Fork.

 

[Tri Kurniawan]

Not recommended use your mobile phone for mining, your phone will overheat and dead.
I have ETN with GPU mining, if you want short term you can sell it on some exchanger to BTC.
And I think ETN will be like Dogecoin, cheap,,but many people looking for it.

 

[Yugocean]

I did not mine anything in mobile, and mining too much will overheat any device; thanks for informing your experience review about how you do it.

 

[len17]

From what I understand, mobile mining of electroneum is only unlocked for beta testers at the moment, for those approx. 20,000 members who filled the form and applied for it back in January.

The mobile mining is expected to open for all as of next week, when the electroneum Team represent #ETN at the GSMA Mobile World Congress 2018 in Barcelona.

Mining is simulated and will not overheat your device. Electroneum CEO Richard Ells talks with financial Journalist Graham Jarvis about mobile mininig: https://electroneum.com/2018/02/23/what-is-mobile-mining/

 

[Yugocean]

Electroneum got much better return after the recent fall; it has reached at Rank #40; it has surpassed many important tokens and coins with it's better roadmap.

 

[BMF]

Update:

Mobile miner was launched on 5 March 2018.

I see recently a lot of people spreading the news about mining Electroneum with your phone, and pretty much saying it will increase in value because people can mine these coins with just a phone and not like other coins that were necessary at least a powerful laptop or a supercomputer or in Bitcoin case which requires special ASIC mining hardware.

The app is available on Google play by name Electroneum and the good thing is that you will not lose a lot of battery or damage your phone while mining this coin, it's because this is not real mining it's simulation of mining so your phone will not heat.

Have you started mining Electroneum? I will test it out with my iPhone when they release the app.

 

[Yugocean]

Is it available or they yet have to release?
Electricity and mobile data is cheap in India; so if this do not heat up my phone, then I won't mind mining Electroneum with my mobile as it would be very easy.

 

[BMF]

Is it available or they yet have to release?

Read again my post, you clearly haven't.

 

[Yugocean]

My mobile network is running slow, that time it was not taking Electroneum app; but now I got it; I am installing it and will updats about my experience.

 

[len17]

Update:

Mobile miner was launched on 5 March 2018.

I see recently a lot of people spreading the news about mining Electroneum with your phone, and pretty much saying it will increase in value because people can mine these coins with just a phone and not like other coins that were necessary at least a powerful laptop or a supercomputer or in Bitcoin case which requires special ASIC mining hardware.

The app is available on Google play by name Electroneum and the good thing is that you will not lose a lot of battery or damage your phone while mining this coin, it's because this is not real mining it's simulation of mining so your phone will not heat.

Have you started mining Electroneum? I will test it out with my iPhone when they release the app.

I earned 5.24 ETN since the miner launched last monday, March 05, 2018. I am using samsung s6 edge that makes 30+ h/s to start but goes down to 10-18h/s. It does not process anything, it sits there and runs in the background, doesn't use any battery, hardly any CPU. I also noticed the miner stops sometimes and you need to turn it on to continue earning (had my miner turned off for about 11 hrs on Tuesday). The miner is a massive promotional tool for electroneum and cryptocurrency in General. It's sole purpose is to build a user base and give out an award for being a participant in the community.

 

[Yugocean]

I downloaded the app, but haven't started mining yet, due to slow connection; but I will start it today. I just signed up via the website but have to complete different verification process.

 

[BMF]

If you want to deposit Electroneum on Cryptopia you can't, I personally get this error:

"If problems persist please contact Electroneum(ETN).
Unable to generate address for ETN, Reason: 04/03/2018 - ETN in maintenance, investigating network issues

If problems persist please contact ."

 

[ELECTRONEUM]

For all the fans, this is ELECTRONEUM:
1. It's basically a digital coupon system with a user platform.
2. The miners are the product and value. The mobile miner is a hive/ shared mining network.
It's not simulated, it's shared/group based.
3. The contracts in negotiation require that they have a patent in place.
4. The patent prevents the copycats from tanking the value of their brand, and anyone associated with their brand
5. They're employing people, but they want people that are dedicated to the project for the long-term
6. They're building an infrastructure for high volume traffic
7. Monero's legacy code interfered with their mobile wallets.
8. They are not an ERC-20 Token. Exchanges are reluctant to add cryptocurrencies that are not an ERC-20 token
9. Only ERC-20 Tokens are fast-tracked toward exchanges.
10. They're building a central transaction system that would verify the funds and queue them to transfer before they are transferred.
11. This would speed up payments for the customers but businesses would have to wait for the blockchain to validate the transaction and move the funds.
12. It's a hybrid system that is both centralized and decentralized. This would allow them to adapt to ASIC's.
13. Apple is blocking all cryptocurrency based applications from being released onto the IOS app store
14. They want to get it to 100 million users in 10-14 years
15. Electroneum is mostly a stable payment model for places that may not have that.
16. They are targeting 3rd world markets