Electroneum has announced that the ETN mobile miner will launch this week for Android and they hope to have a solution out this week for IPhone! The mobile world congress started today so we can only wait and see what further news Electroneum brings us from this event!
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*Disclamer: This is not financial advice, only my opinion and personal strategy regarding cryptocurrency and other investments.*
That 12 cent spike was the ETN/ETH pair at Qryptos. It was selling at 48 cents for a few minutes, which brought the average of all exchanges and pairs to 12 cents. Don't know if it was a fluke or a whale buy or what, but it was interesting.
No I don't think that that will be the mobile miner for etn, that is not a simulation, tried this already myself and your battery goes down really really fast. I mean I hope they have a better solution.
Is the mining function just virtual? I read an article that led me to understand that the mining is not actual or even via a surrogate but rather a way to get some crypto to folks in the third and fourth worlds. And if that's the case, then anything ETN gives is a gift. Thanks!
Mobile mining is just free money if you have the app open and "mining". It doesnt do anything, they have coins on the side already counted in the circulating supply so it wont go up or down from mobile mining...
Somemone above said 5 etn per week . Etn coin is is $.07 which equals
ETN costs 7 cents each meaning totalling .35 cents per week . So IF the 3rd world bites this will make us investors money. What if the thirld world is on a limited family data plan that would suck. . hehe. Situation is is it tron /etn/verge /saicoin/Dodgcoin/or dent
these are all about the same price . We are here to make money ! Therefore can ETN this coin go to the moon ? Show me the money !
JuliaB1955 Yes, otherwise you wouldn't be able to use your phone as the mining would use up all resources including battery....!
So it's an airdrop that simulates mining!
I like it a lot more this way around!😜
It depends on your phone specs (as stated here), but more importantly, it depends on the total number of devices "mining". The $30 projection was based on 70,000 miners. The real number of miners is likely to be a great deal more than 70,000.
p w yes this is an old news release, but basically proves my point on them setting a cap and not wanting to flood the market with etn coins. The more miners the less the pay out, this is also the case in mining on cpu or gpu. The more popular a coin gets the more miners are on the Blockchain thus spreading out the reward for finding a block. But one thing that is true is that if let’s say you can mine 100 coins on your mobile in a month (this number is just an example for simplicity sake) and the price is .08 (current price) you will have $8 worth of electroneum. But if you do not sell your coins and the price goes up to $1 you essentially made $100 that month if you choose to sell at that point. What you make today can be substantial more tomorrow.
"What we are unable to speculate on, for legal reasons, is the future price of Electroneum. Our figure in the white paper was based on a retail price of $0.01. If this price were to go up then miners would be earning more money – for the same number of coins."
There is how ever a cap on how many coins will be distributed at one time.
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