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Something like electroneum (ETN) is probably gonna be huge
Poast new message in this thread
Date: February 24th, 2018 6:07 PM Author: Vivacious chestnut telephone Everyone in India and Africa has mobile phones now right? A crypto that can be mined exclusively on phones (so a mining algo that is resistant to desktop mining by China or whatever) and easily transferred could be huge in poor countries. Mine from your phone and pay for goods with it, it would basically be a high tech, globally-backed currency for the developing world. Epitomizes global capitalism but if there's money to be made... Electroneum seems to be pushing this, I doubt they'll be the one ultimately adopted but it's a great idea imo for targeting these developing markets |
Date: February 24th, 2018 6:30 PM Author: Submissive brunch patrolman constellationlabs is doing this (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35479545) |
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Date: February 24th, 2018 8:17 PM Author: Vivacious chestnut telephone Really? Hmm pls share links thank (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35480193) |
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Date: February 24th, 2018 6:53 PM Author: Charismatic well-lubricated multi-billionaire step-uncle's house thoughts on MobileCoin? (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35479634) |
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Date: February 24th, 2018 8:17 PM Author: Vivacious chestnut telephone Wasn't aware of this Edit: oh wait the Google links are purple... Yeah I looked into this briefly, founded by the creator of Signal? I'll have to look more, ty |
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Date: February 24th, 2018 7:43 PM Author: dashing set I don't think phones could handle much mining. (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35479932) |
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Date: February 24th, 2018 8:14 PM Author: Vivacious chestnut telephone The idea would be you tune the mining algo to suit mobile mining so even a shitty little 3 year old Android could mine like $5 a month of africacoin Could probably set it up to prevent x86 architecture from processing blocks and only allowing ARM idk |
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Date: February 24th, 2018 9:16 PM Author: Vivacious chestnut telephone More broadly, I think getting one of these coins adopted in the developing world could be a major catalyst for actual adoption of digital/blockchain assets as actual currencies used for the exchange of goods and services. Similar to the idea of some of these governments adopting a blockchain for their national currency, but more peer to peer. Don't think this is a novel observation but one I/we probably don't consider often enough If something like ETN or mobilecoin gained such adoption it could easily surpass bitcoin |
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Date: February 25th, 2018 5:01 AM Author: Vivacious chestnut telephone FUCK I'm reading more about ETN and getting bullish as fuck on it. But marketcap is already $500 million >:( (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35482284) |
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Date: February 25th, 2018 7:13 PM Author: Vivacious chestnut telephone It's up 25%, they're one of the only crypto projects at mobile world congress fuuuck (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35486122) |
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Date: February 25th, 2018 8:54 PM Author: silver hairy legs yarmulke yeah, it is doing well today for some reason (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35486969) |
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Date: February 26th, 2018 11:12 AM Author: Vivacious chestnut telephone They posted a big update. MWC, android miner going live, ios wallet done soon, hinted at a big announcement post-MWC (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35490105) |
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Date: March 1st, 2018 3:01 PM Author: Vivacious chestnut telephone ✉️ Electroneum update - MWC [2/2]
Patented Technology
Last week I hinted that we were working on something with Dentons and whilst we are not quite ready to give the full details, I will let you know that in our integration into this industry and whilst working in our test environment with HUGE numbers of simulated users, we've developed some technology and methodologies that are protectable and patentable. We are a whisker away from submitting the patent application, our prior art searches are complete and we are just finalising the technical drawings and over 70 pages of detail. Within the next week or so we should have patent pending status on some very useful cryptocurrency technology that will be useful to any cryptocurrency or cryptocurrency exchange (not just us) as they integrate at scale with extremely large volumes of real users.
As always, thanks for sticking with us and supporting the Electroneum Project. We have an incredibly exciting journey ahead of us but we have nearly everything we need now to make Electroneum the largest cryptocurrency by user numbers during 2018. The mobile miner goes live next week. The last item we need is the ability for the network operators to accept ETN as a payment, and we are working with two of the smaller MVNOs on that integration right now. We can re-use the majority of that code with everyone as they come on board!
All the best,
Richard Ells Founder of Electroneum.
✅ t.me/electroneum_news |
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Date: March 2nd, 2018 6:21 PM Author: Submissive brunch patrolman https://www.reddit.com/r/CryptoCurrency/comments/81i9at/electroneum_blockchain_have_broken_down/
hope you weren’t holding this bro |
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Date: March 2nd, 2018 6:49 PM Author: Vivacious chestnut telephone I wasn't, ofs (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35523328) |
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Date: March 5th, 2018 2:17 PM Author: Vivacious chestnut telephone You'll never earn much doing it but, mobile mining is live on ETN in the Android wallet/app. You might get like 30 cents a day but it's kinda neat regardless. 42k people mining right now is pretty cool in terms of implications for the security and usability of the network (I also learned ETN is a Monero fork) If u wanna put in my referral code so I earn like 5 cents be my guest: 3FC8AD |
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Date: March 5th, 2018 11:24 PM Author: Vivacious chestnut telephone Gonna leave this running overnight while my phone charges for shits and giggles (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35543529) |
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Date: March 10th, 2018 2:59 PM Author: Vivacious chestnut telephone 9 ETN yny that's 45 cents! Thankfully since this isn't real mining it actually doesn't really drain your phone's battery aside from keeping the app open in the background (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35576633) |
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Date: March 5th, 2018 2:32 PM Author: mewling poppy circlehead garrison There is a difference between "this project may create significant value for humanity" and "this protocol's native asset will be worth more tomorrow than it is today."
Walk me through why this strange abstract neckbeard contraption will have MORE DEMAND THAN SUPPLY at equilibrium (hint: you probably can't) |
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Date: March 5th, 2018 5:08 PM Author: Vivacious chestnut telephone I'm not telling you to buy this, settle down (http://www.autoadmit.com/thread.php?thread_id=3903003&forum_id=7#35540979) |
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Date: March 10th, 2018 3:06 PM Author: Vivacious chestnut telephone I read deeper into this. ETN mobile mining isn't real mining. They do a benchmark of your phone to determine what your hashrate would be if actually mining and then they pay out based on just having the app open. A real winner will do this, but with real mining--again, tailored to phones so as not to destroy battery, but still capable of processing tx and securing the network. Hundreds of thousands of mini-miners. Would this be superior to having tens of mega-miners? Just seems dumb not to put all these users to work. Although, with 52k active mobile "miners" at a high estimate of 40 H/s, that's still only 2 MH/s. But maybe not all hashes are created equal... So if you customized the mining algo to phones maybe this WOULD be significant. But reducing difficulty reduces network security... Fuck idk. I need to understand mining and netsec better before I keep speculating on this |