Money Talk

Electroneum Mobile Mining - Anyone else doing this?

Submitted by dalata, , Thread ID: 95510

Thread Closed
14-07-2018, 11:08 PM
#1
So my friend recently showed me Electroneum, and I never mined before and I'm also pretty newb in the cryptocurrency scene, but...

It got me interested, so I tested it out. Figured out I was making an average of 0.2 ETN an hour with 30 h/s. So I connected more devices with the same account to see if I would mine more. It seemed to step up a bit, but nothing special (in the end this was an illusion, it didn't matter how many devices I connected with the same account). Later, connecting more devices, each of them 30 h/s, resulting in a total of 300 h/s (10 devices) with the same account made almost no difference (My friend was mining on his phone simultaneously and made pretty much thesame amount of coin). So.... I did some research, and found out that the so called mobile mining is all a simulation. Apparently, the app only mines "as if" and you receive "free" ETN in return for just keeping your device online and running the app in the background. Crazy, huh? I also discovered that you could mine more with multiple devices with the same account before, but they disabled this.

To justify the mining simulation, ETN claims that it is a strategy to expand its user base, motivate investments and partnerships.

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So I decided to do more tests. What if I actually mined ETN with ~300 h/s? I started mining with my notebook and connected to several pools to see the results... and they were nowhere near what I could make with one phone going at the so called "30 h/s". What makes this even more interesting is that, if multiple accounts are owned by one user, with multiple devices, he can "steal" ETN like crazy! And I'm sure people are using multiple accounts with this coin on their phones...

If you're thinking of doing this, I'll give you a few heads up - every account will need to have at least 5 ETC in its balance for you to withdrawsince transaction fees can cost from 0.10 - 5.00 ETN. Also, emulators can be blocked.

[Image: GseJH1G.png]

I feel like this cryptocurrency is sosketchy because of all of this, but everything about it is legit at the same time. What are your thoughts?

Funny thing is, there are a lot of people who actually defend this currency and believe in it, hoping it will rise in value.

[Image: 81irvHt.png]

Who knows, maybe Harry's right?

RE: Electroneum Mobile Mining - Anyone else doing this?

#2
Yeah, I mined around 600 or so ETN before the price went downhill. Good thing I didn't pay for it like many people who spent thousands on it. Also, I also felt sketch out when mobile were making more money than actual GPUs
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RE: Electroneum Mobile Mining - Anyone else doing this?

This post was last modified: 18-07-2018, 08:39 PM by R3Miix
#3
I think the asic miners kinda screwed it up a little but I haven't been following laterly. I got into the ios beta the other day though I haven't got around to downloading anything yet though.

Will drop a thread if its any good but wheres the features for using the paper wallet with the mobile? Last time I looked you had to still use cmd to transfer, view balance etc

RE: Electroneum Mobile Mining - Anyone else doing this?

#4
Looks nice cryptocoin to invest. I think i could buy some or mine

RE: Electroneum Mobile Mining - Anyone else doing this?

#5
instead of mining just ETN on different devices, we should try mining different currencies at the same time and (maybe) on the same device , like monoero, eben bitcoin, ripple, etc.

What do you think about my idea?

RE: Electroneum Mobile Mining - Anyone else doing this?

#6
IF you are interested, I have a way to mind with telegram, message me directly to get more information

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