How Hard Is It To Mine A Electroneum ETN
Electroneum coin: Electroneum is a brand new British cryptocurrency launching via an Initial Coin Offering (ICO) on September 14th. Developed to be used in the mobile gaming and online gambling markets, it will be the most user-friendly cryptocurrency in the world with wallet management and coin mining all possible on a mobile app. Electroneum is the first British-developed cryptocurrency and represents a huge change of pace in the market.
It’s built on its own unique blockchain (a blockchain is the underlying technology infrastructure beneath any cryptocurrency) and has been designed to dominate the mobile market. Electroneum has also increased its palatability to the average consumer by capping the total number of coins at 21 billion, moving the decimal point two places to the right when compared to Bitcoin, which is capped at 21 million. Whereas a pizza in Bitcoin might cost 0.005 BTC, with Electroneum it would be a much more ‘real money’ figure. Richard Ells, the founder of Electroneum and experienced tech entrepreneur, said: “I don’t know if you’ve ever tried buying any Bitcoin, but it’s really hard to do! I realized that what the world needs is a cryptocurrency that is genuinely easy to access and use. We’ve developed Electroneum with the ordinary mobile user in mind.”.
How to Generate a valid ETN wallet address 1. Download the zip file corresponding to your OS 3. Unzip to a folder. Run electroneumd.exe as administrator and wait for the program to sync 5. After the message comes You are no synchronized with the network, go back to the folder and run electroneum-wallet-cli.exe as Administrator. You will be asked if you want to create a new wallet, give the name of your new wallet (any name: YourName) 7. Now your wallet is ready when it comes in yellow [wallet ***] on the command line 8.
Jan 21, 2018 - Electroneum is the first cryptocurrency that will allow users to mine it with a mobile phone. This is an exciting. This is a simulation of real mining and allows the user to obtain Electroneum coins. The Android app can be. Where can I find ETN mined by my phone or how can I transfer it to my wallet? How to mine Electroneum (ETN) Mining directly to Exchange Realtime stats Smart variable diff (increasing your hashrate and profit) Workers support. Using WhatToMine you can check, how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin.
You can find your wallet address in YourName.address.txt file in the folder Download ETN miner (This guide will be based on CPUminer, others can be used as well, but the syntax will be different) 1. Download the zip file (for windows 64bit only) and extract. In the downloaded folder you will find cryptonote-easy-miner_v0.0.3 –>binaries –>cpuminer –>64bit 4. Copy the contents of that folder to a simple folder lets say C:/miner/.
ETN Mining via MinerGate Apps here the full detail about how to on Windows PC.
Everyone wants to know how to mine Electroneum. If you are familiar with digital currency I’m sure you’d agree most people have NO IDEA how to mine. It’s very hard to understand and there are a small group of people that truly know how to mine Bitcoin or alt coins.
One of the main attractions of this new company is being able to mine on your phone. How To Mine Electroneum Over the past 8 or so years Bitcoin and alt coins have been growing in popularity. However we are still waiting for that one company that can bring in the other 99.9% of the worlds population that have no idea about any of it! What has created a MASSIVE worldwide buzz with is being able to mine coins on your phone. Coin and currency owners are either skeptical or ALL IN but one thing is for certain. Electroneum has gone completely viral and people around the globe want these coins. Only problem you can’t buy them.
But don’t worry you will be able to November 1 2017! Electroneum ICO – Breaking Records Electroneum had an initial coin offering ‘ICO’ and within a couple weeks they STOPPED after reaching the $40 million cap in Bitcoin and Ethereum. 300,000 people signed up and an astounding 120,000 people actually purchased the coins. It broke records in the crypto space with the closest second selling 22,000 coins during the ICO phase.
Anyhow, as you can see, Electroneum has stirred up the masses with their ICO. So you’re probably asking what’s the difference between mining ETN and mining BTC right? Well if you know anything about Bitcoin we all know it takes over $1000 dollars not including the hardware to mine one bitcoin. I’m sure the costs are a bit higher. Plus would you really know where to start?
Bitcoin VS Electroneum? With Bitcoin it’s very hard to get a decent return through mining. It certainly is still a viable way to get a coin however it become very expensive. With Electroneum we are expecting a MASSIVE interest in mining. There are over 2 billion people with cell phones that will have immediate access to the ETN app.
It is very easy to install which will appeal to the masses. Other companies like converting over to blockchain are also watching closely. Right now you can download it with Android and very soon with IOS.
It’s virtual mining. Your phone is not using up all it’s power and processing power. It’s being airdropped into your phone little by little. Electroneum Simplicity After doing some research it looks really simple.
Lets say you have an unlimited data plan on your phone. Most phone companies just give that away nowadays. You will be able to mine 24 hours a day 365 days per year. Checking out your profits for the day will be as easy as logging into the app and taking a look. The simplicity behind Electroneum mining as we can see is what’s attracting people OUTSIDE of the crypto space. People for whatever reason are ‘getting’ this concept. Wouldn’t you agree the whole point of digital currency is to help the masses?
Well it’s very possible with Electroneum because almost everyone has a cell phone. Think about being able to make transactions from an app on your phone with a click of a button. People are already doing this with Bitcoin but it’s still not simple enough for average people to get their hands on it.
What’s crazy is Bitcoin has gone nuts in the past few years. Just recently one Bitcoin went over $6000 USD.
Imagine if you have a coin that people could easily get a hold of and use with a simple app on their phone. Your Next Step With Electroneum Welcome to Electroneum! We are not going to make any predictions how much ETN you mine or how much you can profit daily. It isn’t released yet.
A lot of investors may sell for a quick profit but I would recommend against that. Lets say at launch the coin goes from.01 to.10.
You could ten times your money basically but you sell all your coins. Lets say the majority of ETN holders hold on to their coin. This will create more demand through the exchanges which will increase the price.
Some are predicting Electroneum could go from.01 into the dollars! I personally recommend you HODL and see where the company can take you. What Is Viacoin VIA Farming.
Don’t sell yourself short to make a few bucks when you could make a fortune in the long run. Remember mining coins can be a lot of fun and also profitable. Never invest into coins or any sort of mining operation with money you can’t afford to lose. I am not a financial advisor. No investment is 100% sure to make you a profit. But what I can tell you if you don’t play the game you can never win!
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