With the constant developments taking place in the ETN ecosystem, as well as the cryptocurrency market in general, we may see ETN reach new heights and even skyrocket. The bullish ETN price forecast for 2022 is $0.03235 per year and will continue to rise to $0.146962 by 2025. But if you are skeptical about exchanges and buying coins, there is a way to get ETN without money!
However, there is more to Electroneum than meets the eye. Let's look at the nature and history of the coin.
Analytical portal
What is Electroneum?
Electroneum is a cryptocurrency that debuted in 2022 to great success. The UK startup has wowed more than 300,000 new investors with its big push into the mobile gaming, online gambling and traditional payment processing sectors. Some of these investors were attracted by the project's distinctive features, including Electroneum, which became a smartphone cryptocurrency that would run on an ASIC-resistant variant of the CryptoNight hash algorithm.
As a result, Electroneum intended to provide two forms of mining in the system: GPU mining and mobile mining. Those ambitions have since been put on hold. The updated CryptoNight V7 ASIC-resistant algorithm resulted in the system being inundated with rogue GPU miners who were mining coins in waves, resulting in irregular block timing and significant transaction delays. Several reports indicate that Electroneum does not intend to spend any more effort on developing CryptoNightV7 as they seem to have fully embraced ASIC mining.
Electroneum Group
The team consists of a variety of professionals including cryptographic consultants, senior engineers and industry experts. Also, the group's mascot Ruby showers everyone with attention and love. She has her place in the office and makes everyone smile.
Electroneum plug
The ETN, which was designed to be ASIC-resistant, underwent a fork this summer making it ASIC-friendly. He simply renamed the CryptoNight V7 algorithm to CryptoNight. This action was taken due to block synchronization inconsistencies that occurred due to waves of GPU mining causing long delays in transactions going through.
Source: Technologies
Consequently, the transaction fee was increased to 0.1 ETN, the block time was increased, and the block reward was increased. Mining difficulty has become more reactive, leading to a more flexible blockchain.
It was forked twice this year: the first fork removed ASICs from the network, and the second reinstalled them. The most important thing for people is that their coins are completely safe in both divisions and now have the following features:
- ASIC-friendly
- Emphasis on fast payouts
- Commission increases
- Increasing block size
- Reducing the difficulty window
- Block reward increase
Rules for Electronium
Electroneum Corporation was established in Wales, UK and ETN mining is legal under current regulations. Production in countries with lower energy costs, such as Russia, Iceland or Finland, is desirable.
A short excursion. What is an ETN?
The developers position the coin as a mobile cryptocurrency and set a goal to create a significant alternative to Bitcoin that does not have its problems - transaction speed, commissions, etc. The main website of the project states that this is the first coin that will be possible to mine on a phone.
Basic facts about Electroneum:
- High security of wallets: the developers promise that it is almost impossible to hack them;
- Fast transactions: the developers have a global patent for the technology by which a block is found every minute;
- The reward for the mined block is 7500 ETN;
- The coin is divided into 100 atoms (on the same principle as a dollar is divided into 100 cents), this is more convenient than, for example, the same bitcoin, which is divided into hundreds of millions of satoshis;
- The ICO was successful, raising $40 million, and was completed ahead of schedule.
Well, the main thing is the ETN CryptoNight algorithm, so it is mined on ordinary processors and video cards, and of course on a smartphone. You don't need an ASIC to mine this coin.
At the moment, the capitalization of the currency is more than $84 million, as for the exchange rate, 1 ETN is approximately equal to 1 cent ($0.01).
The cryptocurrency is developed on its own blockchain, which is an improved copy of Monero.
Why should you mine Electroneum?
For starters, Electroneum (ETN) uses the CryptoNight mining algorithm, and what's intriguing about it is that in addition to the traditional method, you can mine it with your smartphone using a mobile miner.
ETN Group has entered into agreements with mobile operators to provide access to more than 100 million smartphone owners. You can mine your first coins within minutes of downloading the Electroneum app. The ETN project will benefit users in the near future as they will acquire Electroneum tokens by participating in the community.
Additionally, several cellular providers have decided to use ETN as a payment mechanism for their customers. The coin community is working with several large firms to include digital payments as "payment methods." They have signed deals with over 1.2 million agents, sellers and distributors from over 9 countries.
As a result, the goal is to create a one-of-a-kind cryptocurrency and make it accessible to millions of people around the world. Everything that has been said so far should have convinced you that ETN mining has a promising future ahead of it and that the only outcome is profit.
The most efficient Electroneum mining method
Initially making the system ASIC resistant, the ETN team released a version that allows ASIC mining. The stated rationale for this modification would be that a micropayment platform such as Electroneum requires high system throughput to fulfill its primary purpose of processing multiple transactions in a short period of time.
As a result, this could only be achieved using ASIC miners, which are superior to GPUs in terms of speed and accuracy. It's no surprise that ETN ASIC miners will provide you with the highest profit margins of all your alternatives. For example, one Antminer X3 outperforms the top AMD RX Vega 64 by 110 times (220 kHz versus 2 kHz). ETN mining with GPUs is still viable, but is not recommended as it is no longer economical.
Do you know about mining pool?
If you want to become a successful ETN miner, this is your best choice. They consist of users who pool their hashing power to mine a block faster. This earns them a payout proportional to their participation in the ETN mining procedure. This type of mining allows you to receive a stable and stable income. Doesn't sound cool?
What hardware do you need to start mining ETN?
Choosing the right hardware is critical for ETN mining and the Electroneum mining app. Since we previously said that ASIC is your best alternative, we will only add that you will need an independent power supply connection to set up your device. A cable is usually not included in your order, so double check that you have one.
Reliable Internet access is the basis for efficient Electroneum mining. You should be able to stay online again without having to disable the link at any time. If your internet company is throttling your bandwidth, remember that you should get at least 500MB free per gadget per day. Essentially, this amounts to about 15 GB per month per ASIC.
Finally, you need to think about your energy use. If you want to have a large amount of mining equipment, determine whether one power system can handle it or whether you will need to add more.
In fact, like any other cryptocurrency business, you will need a wallet to keep your valuables safe. A cryptocurrency wallet is more than just a place to put your money, it also manages it. Do you need to send or receive cryptocurrencies, exchange them for coins, or simply store them safely? Choose carefully and according to your requirements. Check out the following sections on how to choose the right wallet - Wallets.
The project team
The currency was created and is managed by a close-knit, dedicated group of British developers. Electroneum has been called the “currency of inclusion” because it has the potential to tap into a new $3 trillion market by enabling over 350 million new smartphone users to enter the digital marketplace.
Richard Ells . Richard has his own successful history in digital business. He co-founded the agency Site Wizard and 5 years ago became CEO of Retortal.com, where he launched a social media management platform for companies around the world (over 500 countries) such as Herbalife, Mary Kay & Forever Living. Today Retortal software is used by hundreds of thousands of people around the world.
Chris Gorman OBE . Chris has a long history of launching and growing leading successful businesses spanning a wide range of industries including mobile, music and e-commerce, technology and retail. He has received many business awards.
Jurgita Rhodes . Experienced in B2B, B2C, Fin Tech Digital, Media, News, Technology, Consulting and International Corporate Sector. Jurgita is well prepared to handle the operational responsibilities required of Electroneum's Chief Operating Officer.
The team also has its own mascot - Ruby . This is the dog that provides the whole team with love. He even has his own area of the office where he can see all the participants.
Leading Electroneum Products and Attributes
1. ETN is everywhere
ETN Everywhere is a worldwide directory of companies and traders who accept ETN currency as payment for their products and services.
Local and e-commerce businesses that accept ETN as payment can list themselves in a merchant directory where they can be found by consumers looking for places to spend their ETN.
In this way, ETN Everywhere helps retailers attract new customers and increase revenue, while also helping ETN holders and people find ways and places to spend their currencies.
ETN Everywhere now has 2,456 businesses from 174 different countries as of July 22, 2022.
2.AnyTask
AnyTask is a virtual freelance platform where vendors can earn ETN by offering professional freelance services.
Buyers on the marketplace can buy jobs for as little as $1 and pay with their credit cards. The funds are then used to purchase the ETN on the network and paid out to the seller.
As a result, anyone around the world, especially in developing countries, can make money online by selling their skills, even if they don't have a bank account.
3. Donate ETN
The ETN Donate platform allows the cryptocurrency group to create gifts critical to select non-governmental organizations (NGOs) and change-makers around the world, especially in the developing world.
Organizations and non-governmental organizations (NGOs) interested in becoming featured on the site and benefiting from user contributions to the ETN can sign up here.
There are currently about 6 different organizations on the site that you can donate to. Through this ETN Donate system, a maximum of 326,940 ETNs have been donated to different organizations.
4.ETN Application
The ETN application contains all ETN products and services. You can quickly access and subscribe to all Electroneum systems, including AnyTask, directly from the ETN app, eliminating the need to create additional login details.
Source: Electroneum
The Electroneum app allows you to do whatever you want with ETN.
You can use the app to pay retailers, store your ETN securely, and easily convert your Electroneum into all forty recognized national currencies. The app is available on Google Play and Apple app stores and requires KYC authentication.
5. Electroneum M1 smartphone.
The inexpensive Android phone Electroneum M1 is aimed at consumers in developing countries.
The smartphone costs well under $120 and has 4G connectivity, Dual Sim, 8GB internal memory, front and rear cameras, and other features.
6. Permissioned and private blockchain
ETN has a permissionless blockchain system and anyone can mine ETN until 2022 when it was forced to switch to a permissioned network due to selfish considerations of miners.
The program states that many miners are not committed to the long-term viability of the project and are simply mining the blockchain to earn rewards for blocking ETNs.
As a result, in 2022, the firm changed its blockchain to use a proof-of-responsibility (PoR) paradigm in which its validators are manually selected and authenticated.
Previously, the Electroneum blockchain required 14 million light bulbs to operate daily. On the other hand, the new verifier model reduces this amount to ten percent of the power consumed by the average British family.
The group has selected a list of non-organizations (NGOs) that will act as authenticators to leverage ETN block incentives in addition to their ongoing philanthropic efforts.
There are now 12 network validators on the ETN blockchain, and anyone can apply to participate. The ETN network only accepts charities as validators.
7. Payments are made instantly.
Using its Instant Payment Notification (IPN) engine, Electroneum hopes to promote instant payouts.
Developers can easily integrate ETNs into current ePOS and e-commerce platforms using the IPN API. As a result, ETN traders can now receive ETN as compensation for their goods and services with guaranteed and immediate settlement.
8. School of Problems
Electroneum TaskSchool is a free, web-based educational platform for acquiring a variety of fundamental digital skills that have economic value. It is a multilingual website where people can learn skills like image editing, social content creation, logo designing, etc.
The company expects TaskSchool graduates to be able to advertise their new abilities on AnyTask, providing their services to clients in exchange for ETN.
Electroneum Community
Electroneum has a large community, including more than four. 3 million eligible members. Its social media pages are quite functional, as of Q2 2022, with 162, 14 Facebook followers, 130,839 Twitter followers, and 23,482 Telegram channel partners.
However, their forum is the only place where you can communicate with other public figures and administrators.
ICO
Crowdsale Electroneum took place in September-October 2022. It was attended by 120,000 participants who invested about $40 million.
The initial price of tokens was 150 coins for every US dollar; from October 19 to October 31, 2022, you could get 100 coins for 1 dollar. The total number of Electroneum coins that will be created over time is limited to 21 billion.
After the ICO, the coin got a pretty good start. The project was technologically promising and potentially attractive to users. But in 2022, the digital asset ETN found itself in a scandalous situation, causing the ETN price to drop to $0.019 (from a peak of $0.20) and volumes to drop to approximately $600,000 due to the presence of ETNs on questionable exchanges.
The Cryptopia exchange service caused ETN problems for two reasons:
- During peak prices, ETN deposits were sometimes lost due to the anonymous nature of the coin.
- The ability to withdraw funds has been suspended for more than 1 month.
This caused concern and lowered the coin's price estimate. Fears were heightened by a general mistrust of Cryptopia, which had its own release issues.
How to mine Electroneum using a smartphone
You don't need mining software if you can mine from mobile devices. The Electroneum team allows users to start mining using their smartphones. The mobile mining process will allow millions of mobile phone users around the world to participate in cryptocurrency mining. This sector has traditionally been limited to tech geeks and experts. In the first quarter of 2022, a miner for smartphones was released.
Step by step process
No mining rig required. Your mobile device becomes your mining software. ETN mining is quite simple and computing power is cheap:
- Install the app on your smartphone and register a new account on the ETN website.
- Log in to the application using your details.
- Scroll down to the Miner tab, then click the Start Miner button.
This is all! Your phone has started mining ETN. The interface will display your hashrate (your gadget's mining speed) and outstanding balance (the number of times coins have already been mined). Various trading tactics are used. The most popular is automatic trading.
Mobile mining vs cloud mining
The act of paying users bonus ETNs on a monthly basis is what we now call mobile mining (soon to be called and replaced by cloud mining). Each month, users can mine up to $4 worth of ETN, which can be stored or sold at any merchant that accepts ETN.
If you have not done so, you need to upgrade to the latest version of the ETN application and enable the cloud mining process. In the coming years, this will be the only way to support in-app mining. Many people in the underdeveloped world live on less than $45 a month, so an extra $4 a month can make a big difference in our daily lives so that miners can earn a little more every day.
Cryptocurrencies compensate “miners” for supporting the blockchain. Instead of a few users with supercomputer office buildings earning all the ETN, ETN gives the ETN incentive to consumers of our free app. ETN has achieved the fastest viral growth of any virtual currency by continuously supporting users. As the ETN community develops internationally, ETN aims to become the largest cryptocurrency in the world by number of users.
Mining using ASIC
ASIC mining was reintroduced to the ETN blockchain in the second quarter of 2022, when development reverted to the original CryptoNight PoW algorithm from CryptoNight V7. CryptoNight had just been created for Monero, and it was planned that CPU and GPU mining would be about the same performance as ASIC mining; however, ASIC chips had already evolved and algorithm amplification made any mining attempts with your CPU/GPU extremely ineffective.
While ASIC resistance was one of the original missions/goals of ETN, the project's emphasis now appears to be on blockchain longevity and stable block averages. Both rely heavily on ASIC devices and provide more hashing power on the chain.
As a result, mining Electroneum with any CryptoNight-enabled ASIC miner is your best chance. Devices such as Bitmain's Antminer X3 (220-300 kHz/s), Innosilicon A8+ (240-340 kHz/s) and the less expensive BaikalMiner BK-N70 (40 kHz/s) are the most popular alternatives in the ETN miner community . If you're looking for a place to mine, your best chance is to join a group like HeroMiners of SpacePools. Both provide Electroneum mining pool and good instructions on how to start the mining procedure.
Which Electroneum mining processor should I buy?
ETN uses a proof-of-work method called CryptoNight, which is compatible with commercially available ASICs. There are several possibilities from different manufacturers. Your decision should depend on many aspects, including the hash rate (the speed at which calculations are performed), the device's power consumption and, of course, cost.
Another consideration is the availability of the products you want to purchase; they often sell out quickly upon their release.
First, let's take a quick look at the two best ASIC mining hardware options:
With our ETN mining calculator, you can simply determine your expected profitability based on the data in the table above.
Set up hardware and software
We will look at the Antminer X3 ASIC settings. If you implement all the instructions below, you will be ready to start mining in no time. We'll show you how to join a mining pool and enter your wallet address.
Connect your miner to power and the Internet
- Connect the element to the power supply (PSU). All PCIe wires coming from the power supply must be connected to the hash boards of your miner.
- Connect your LAN connection to the network port of your device.
- Connect the power supply to an outlet.
- Connect the Internet cable to the standard RJ45 port of your miner that you specified.
Select your preferred Electroneum mining pools
Choosing one of these for your ETN equipment is critical as it determines your future income and rewards. We have compiled a list of the best Electroneum mining pools, including several important parameters such as financial rewards and pool fees.
Find your device's IP address
The system is configured to instantly obtain an IP address through your network. You can find a device called "Antminer" in your DHCP client, or simply scan your connection with almost any network monitoring software.
Source: HowtoMine
Another approach is to use the Bitmain IP Reporter program. To launch the program, click Start and then hold down the IP Reporter switch on your Antminer device.
Once you know your miner's IP address, you can easily access the web admin interface. Simply enter the URL into your desired web browser and press Enter. Both a username and password are required, both are set to "root" by default.
Login page
Creating a pool and wallet is simple. You have to get the pool website URL from the pool web page and put it in the Miner Configuration tab. Below is an example of a functional configuration:
Source: HowtoMine
https://etn-eu1.nanopool.org:13333
Worker: WorkerAddress.Worker name
Password: 123
By inserting individual pool addresses into the other two pool groups, you can use failover capability. If the first pool fails, you can immediately switch to another.
After clicking the “Save and Apply” button, you are ready to mine.
Just wait a few seconds for the operation to start and then monitor the activity in the Miner Status tab.
Where can I store Electroneum (ETN)?
ETN can only be stored in your own Electroneum wallet. There are different types of ETN wallets designed for multiple users. Some of them are considered more secure, while others are more ideal for beginners due to little difficulty in use, while others are completely universal for all Electroneum crypto users.
Four types of Electroneum wallets:
- ETN Wallet Mobile App
- Electroneum paper wallet
- Online wallet
- Electroneum hardware wallets
Phone app for Electroneum wallet
The phone app is the most popular choice among Electroneum holders, with over 2.6 million people downloading the app out of a total of approximately 4 million confirmed ETN users. The wallet is a feature of the application. There are iOS and Android options.
Source: Changelly
The program allows you to store currency and simply transfer it safely. Your ETN is available at any time, and receiving ETN payment directly to your wallet is very easy. You can get cash by showing the QR code to another user.
The wallet is very convenient, with a simple design and no extraneous functions. One of the coolest features of the ETN mobile wallet is the ability to mine currency directly from their mobile phones using the app. You won't make a fortune doing mobile mining, but it can pay off your bills at the end of each month.
The Electroneum app is a fairly secure wallet for storing your ETN. To use your money you must enter your PIN. It should be noted that mobile app wallets in general may not be the most secure storage option. They can be hacked using software or your device. If you are concerned about the security of your ETN funds, you should store them in an Electoneum wallet address.
Electroneum paper wallet
This is the most secure Electroneum storage option available. A paper wallet essentially keeps access to your wallet on paper, making it completely impossible to hack. Electroneum paper wallets are not for inexperienced users, as they are difficult to manage and the consequence of an error is the safety of your money.
Web wallet for Electroneum
For people who want to store their coins online, the Electroneum online wallet is a fantastic choice. You must first complete a two-factor authentication process (PIN and CAPTCHA) to gain access to your assets. This online wallet, like other hot wallets, seems to have some security vulnerabilities. Therefore, users who want to store significant amounts of Electroneum value should consider other options.
Electroneum CLI wallet
The Electroneum CLI wallet is a high-tech alternative to storage. CLI is an acronym for Command Line Interface. This wallet effectively turns your smartphone into a fully synchronized node on the Electroneum blockchain. To store Electroneum in this wallet, the account holder needs to install and understand how to use very complex software on their computer. This choice is more suitable for crypto enthusiasts. The Electroneum CLI wallet is compatible with computers running macOS, Microsoft and Ubuntu.
Electroneum hardware wallets
It appears that as of November 2022, there will be no hardware wallets that allow the use of the Electroneum token. The global crypto community, and especially the Electroneum community at large, are waiting for the day when software engineers fix this problem and allow us to store ETN on hardware. wallet securely.
How much money will you make mining Electroneum?
Whattomine.com provides calculators for most currencies that can currently be mined. This link will take you to the ETN calculator. The calculator will give you an estimate of how much you will earn, but the results will usually not differ significantly from the figures presented.
You must enter the following components into the calculator:
- Hash Rate: Enter the speed of each of your mining machines (in hashes/sec). In your mining interface this is the "overall speed". Miners recommend using the 15-minute total rate as it gives a reasonable average.
- Electricity: Enter the total amount of energy (in watts) your mining rig uses.
- Cost: Enter the kilowatt/hour charge billed to your utility provider. To get these statistics, you'll need to contact your utility provider or look at the data on your monthly bill.
- Pool Fee: Enter the pool fee as well as the software development cost for the miners.
- Equipment Cost: Enter the total cost of your equipment.
On the left side of the screen, look at the 24 hour difficulty and 7 day difficulty sections. You want them to be close to the same because this means that all subsequent calculations will be correct in the coming days (assuming the price remains stable).
Learn EX. 24 hour volume and market capitalization. Typically, the larger they are, the less likely the price will become volatile. Pricing must be stable so that our calculations are correct for many days.
The most important thing is that you should study the lines Create 1 BTC in and Break-even in. They will provide you with accurate data on how long it takes your mining rig to generate 1 BTC, as well as a general estimate of how long it will take to pay off your mining rig by mining that particular token. Both are critical to determining the profitability of your mining operation.
How to determine profit from mining Electroneum
Income from mining Electroneum is quite easy to calculate. You no longer need to pull out a calculator and painstakingly calculate your mining income thanks to an automatic program. Follow the steps below.
1st Step: Visit WhattoMine for more information.
Step 2: Select Coins.
Step 3: Search for Electroneum or ETN.
Step 4: Enter hash rate, power, fee and energy cost.
Step 5: You will get an estimate of how much money you will make every hour or day.
You can also see your current profits by visiting the website of the Electroneum mining pool you registered for.
Electron Price
The price of Electroneum (ETN) is determined only by supply and demand on exchanges. When people buy Electroneum on an exchange, they are placing an offer to sell or buy an ETN at a specific price. The price at which the last transaction occurred is the market price of Electroneum.
Today (August 7, 2022) 1 ETN coin is selling for $0.008859.
- market capitalization – $67,231,211;
- average daily trading volume – $476,559;
- there are 7,588,933,656 in circulation.
The dynamics of changes in the value of a cryptocoin can be seen on the graph:
Electroneum mining pools
Finally, here is a summary of the most famous Electroneum mining pools that can help you create an ETN.
F2Pool
When mining Electroneum, F2Pool is a reliable option. They control a significant portion of the network hashrate and are therefore a fairly well-known mining pool. However, one of the disadvantages of this Electroneum mining pool is that they charge the highest fee of 3%. The pool also requires registration and provision of personal information.
Nanopool
If you want to mine decentralized, Nanopool is a great alternative. This mining pool focuses on privacy coins such as Electroneum. Additionally, the pool controls 10% of the network hashrate and charges a 2% mining fee.
Poolin
Poolin controls about 12% of the network hashrate. They offer a worldwide network of servers, so you can mine from anywhere on the planet. If you want to enter this Electroneum mining pool, they also require a 2% mining fee, which is comparable to Nanopool.
Fairhash
Fairhash is a mining pool located in Russia. However, it offers servers around the world for miners around the world. This ETN mining pool has a hashrate of less than 10 percent of the entire network and only discovers blocks per hour. They offer a 1% mining fee and offer mining directly to exchange wallets.
Space pools
One of the first pools for ETN mining is Spacepools. They control less than 10% of the network hashrate and are superior to Fairhash. However, the most notable benefit of this pool is that they charge a mining fee of just 0.1 percent and a minimum payment of 100 ETN.
How can I buy ETN?
ETNs can be purchased in several ways. Some exchanges provide Electroneum for purchase. To pay for your cryptocurrency, each exchange offers its own payment option. Many exchanges do not accept fiat money. So, before proceeding with any transaction, double check your payment method. The current payment methods used by most cryptocurrency exchanges for exchanging cryptocurrency are as follows:
- PayPal
- Credit/debit cards
- Atomic exchange
- Wire transmission
- Trading pair
Blockchain technology and cryptocurrencies. Fast start
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And of course, Electroneum differs from Bitcoin in the speed of transactions; they are much faster than the latter. While every new crypto project boasts similar features, ETNs additionally offer low fees and high payouts.
However, Electroneum is, in part, largely built on similar principles to another cryptocurrency, Monero (XMR).
Electroneum price history
In terms of cryptocurrency growth, the ICO event was a huge success. However, immediately after the debut of the cryptocurrency, Electroneum (ETN) values began to fall. There was a big hiccup after the ICO. Many people reported that their accounts were compromised. The price of Electroneum (ETN) fell from $0.231 to $0.062 in November 2022. As you can see in the figure below, the decline was sharp.
Source: Crypto.com
Prices began to rise in January 2022 after Electroneum fixed user hacking issues. The Electroneum investment community has shown revolutionary progress, returning from $0.06 to $0.22. Compared to other coins, it performed well. Price trend chart taken from CoinMarketCap.
Current ETN price
The current price of Etn is $0.01936669 and the 24-hour trading volume is $882,357.81. Over the previous 24 hours, ETN lost 0.6%. The circulating supply of ETNs is 17,906,136,086 ETN, with a maximum supply of 21,000,000,000.00 ETN.
Source: CoinGecko
ETN, a cryptocurrency, is supported by Electroneum. Electroneum is a virtual currency system designed exclusively for mobile users, targeting the market potential of 2.2 billion smartphone users worldwide. Anyone with a smartphone will be able to mine Electroneum coins using the mining experience on an Electroneum smartphone.
Reviews about Electroneum currency:
@Jenya
Come on, the possibility of mining on mobile phones is more likely to raise the image of this cryptocurrency. I downloaded the application, they even themselves warn that mobile devices are not designed to process complex calculations. Therefore, if you decide that you can turn on your smartphone and mine, don’t flatter yourself too much. It is unlikely that you will be able to earn a lot.
@Dir
A good coin and platform, characterized by fast transaction confirmation and relatively low commissions. You can mine on a computer, and you can also earn some coins on your phone. They even assign the hashrate. A good, promising currency.
@VSCOR
There are many advantages - offline and mobile wallets, emission of 21 billion, which allows you to use only 2 digits after the decimal point. Overall a very convenient coin. I will use it.
FAQs
How much can the price of Electroneum rise?
The optimistic ETN price forecast is $0.11. The price could rise to $2 depending on various variables, including the rise of leading cryptocurrencies.
How can I mine for Electroneum?
You can mine Electroneum on both your smartphone and PC. You can collect Electroneum yourself, but it will take years to turn a profit. So, joining an ETN mining pool is the best approach to mining.
How to calculate income from Electroneum mining?
To estimate ETN mining income, go to whattomine.com, select Coins and enter ETN. Once you enter your ETN, enter your hashrate, power, and electricity costs per kilowatt hour. Then you can get an estimate of your earnings from ETN mining.
Which Electroneum pools are the best for Electroneum pool miners?
F2Pool, Nanopool, Poolin, Fairhash and Spacepools are some of the most acceptable Electroneum mining pools.
What is Electronium?
Electroneum is a blockchain for smartphones with a real-time payment mechanism. Its main goal is to build a secure and reliable network to serve the unbanked people.
How many ETNs can you mine in one day?
According to our hardware chart, one Antminer X3 can mine around 620 ETN per day.
Is it worth mining ETN?
You can check our statement using our Electroneum mining calculator.
What is the Electroneum algorithm?
Following the current split, the ETN team has reverted to the original ASIC-friendly CryptoNight algorithm.
Is this acceptable?
Yes, in most nations.
How should Elektronium be sold?
The easiest way is to join one of the exchanges that support ETNs and sell your tokens for BTC or fiat. However, you should do your research before investing in the digital world.
