Electroneum Launches Mobile Mining App

in #altcoins7 years ago (edited)

Hey Steemians!


The British crypto-company Electroneum, launched their "Mobile Miner" yesterday (5 of march 2018).

Great news everyone!
We have just launched the long awaited Mobile Miner! A simple way to earn cryptocurrency from your smartphone… If you own an Android smart phone, then Electroneum is the easiest way in the world to earn and spend a cryptocurrency. You will find the link to the official app on the Google Play Store from http://electroneum.com

elect-3.jpg

The idea is that you can use your smartphone to mine Electroneum, this might seem a bit crazy since smartphones don't really have that much CPU, but for the smartphone mining app, (as I understand it from reading their blog), a different method is being used, the coins for the "Mobile Miner" are all ready pre-mined, and they are using a different algorithm to give you a "mining experience".

The mobile miner is a separate algorithm that rewards users with ETN cryptocurrency at no cost.

I know Electroneum has a real cult following online, and that they made some deals with some pretty big players, I also heard people telling me things like:

"I would not touch Electroneum with a 10-foot pole"

• I would like to hear your opinion?
• Did anyone try the Mobile Miner yet?


logo-stacked-dark-bg.jpg
Image source: press image

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Source: https://electroneum.com/2018/03/05/electroneum-mobile-miner-made-live/
(by the way this is not financial advice)

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to be honest i consider this failure - they are giving coins away for free, what will happen when they run out of ETN ?

If "they" run out of ETN from millions of people using this Mobile Miner (I personally don't think this will happen), then the mined ETN's would still hypothetically be on the market, like bitcoin when all the bitcoins are mined, the mined bitcoins would still be on the market, (if there still is a planet with humans, computers & the internet left at that point)... =)

But I am not a "financial expert" or even a "crypto expert" or "professional fortuneteller",
I am just a guy who is interested in cryptos, so maybe you are right? Please go and read their: https://electroneum.com/overview-white-paper.pdf ...

Mining Electroneum coins from your phone
Installing the free Electroneum app (Apple or Android) immediately gives the user the ability to start gaining Electroneum in their wallet. All the time the app is live (even
in background mode) it will be running the unique
app based crypto
mining experience,
which requires ZERO technical knowledge.
It takes up very little bandwidth, so doesn’t cost much to run on 3G or 4G data.
We’ve made the money supply of
Electroneum coins high, to enable our app users to quickly gain
some Electroneum and start to understand it’s use. They will find the app interesting,
recommend the app and send and receive coins easily with no technical ability.

Great one bud, yeah i heard about this on telegram a few days ago.Might be interesting to check it out.

@ajkapss
It might be worth experimenting with... Who knows it might moon and then the people with out electroneum will cry bitter salty tears...

iPhone version?

Sorry, not yet... It will probably be released soon says their website...
Is there any info out on how much you can make a day I heard something like 0.16 ETN in one day on an android-phone, not so much, but if it "moons" that is pretty decent...

Lol, yeah that's not much.

Well, back when bitcoin was one dollar or something, I was thinking that same thing, and did not bother trying to mine it...

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Great info will check it out

Cool, thank you for your input @eprolific!
=)

myadv; dont use your devices; the ones earning arent you; its someone else;

Yeah, I was thinking of maybe trying it on some old android phone I don't really use, just for fun. Always nice with "free" crypto... And I have this weird feeling that Electroneum might moon, after this dream I had... =). (by the way this is not financial advice, u hu hu hu)... ;)

do it; with an old device like u said; coolone;

I'm safe. For the time being. I have an Apple. Pretty interesting concept, though. First ones into a potential market are often the ones that profit the most.

Thanks for a nice find!

People seem to either hate or love Electroneum. To me it feels like a very interesting but unpredictable crypto. It's going to be exiting to see what happens with this one this year.

Well, for the record, I didn't like Ripple. I absolutely didn't think it was going anyplace. A friend tried to talk me into going with him on some. He did, I didn't. Silly me.

So I'll probably have no overt comments on any other coin. Just a CYA move :)

I didn't realize they were not releasing it for android and ios simultaneously

Yeah @ramsesreyes, iphone owners are going to have to wait like always... =)

Good publicity stunt? Gets everyone talking about it? It is fun to mine though but only if you are not going to burn out the CPU on your phone!

@juxtamusic I guess we will see what happens... =)

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I read about this release as well @friendly-fenix (at least for android phones) unfortunately I have an iPhone. Have you been able to use the mobile miner yet yourself? I've read a variety of varies reports about the range of money earned on the mobile miner. Wondering if you had any first hand experience. Assuming its not a lot as the price/share has been plummeting since its release but then again so has the entire cryptocurrency market.

We tried to install it on an android phone, but unfortunately the model was too old, so the app did not work. I think I am just going to buy some ETN and see what happens, I think the "market crash" is a great opportunity to do a small investment maybe?

Thats a shame, but absolutely agree with you. Its a great buying opportunity at the current market valuation. Should easily see around 4x ROI at current valuation of ETN. Will be interesting to see where the company heads. Still holding my 13,000 ETN from the ICO

Cool, that is an amazing amount your hoodling. For me it is a bit like choose in between food or invest in cryptos right now,( but I do need to loose some weight)...
Anyway I am wondering when cryptos are going to start mooning again???
=)
I always value your comments and input @tspink, thank you very much!

Haha I feel you @friendly-fenix, in hind-sight I would have bought all the shares during the ICO I could have bought, but then again we're all in the same boat as you in one way or another. Always gotta make those hard decisions. The markets are looking like they're reversing as we're speaking thankfully. Hopefully we'll start to see the price of STEEM rise as well now :)