Anyone knows the answer to this question below?
Should mining be expected to end at some point, and only the mobile devices keep giving support to the transactions?
No. Because mobile miners are not actually miners. It's a mining simulation, where people are rewarded with ETN from a pre-mined pool. Sort of like large scale airdrop. but the mobile mining will stop at some point, because the coins are not generated! Yes it will stop. They said that before, I think Richard said that it will stop after 5 years or so. |
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Just confirming with token lock up, that when you buy from an exchange (say, Binance since that is who you have the strongest partnership with) that you only need to buy the EXACT number of MCO for a particular card?
So if I were to buy 50 MCO tokens in preparation for getting a Ruby Card, and I got these tokens from Binance, there wouldn't be a withdrawal fee from Binance to the MCO wallet that would mean I'd have slightly less than 50 MCO tokens in the end, so would be short of the Ruby Card? Also same question for the other cards like 500 MCO card.
I doubt Binance would be responsible for the token lockup. So I'm guessing yes, you have to have exactly 50 MCO in your private wallet, and send them to an address or a smartcontract for lockup. Which means you'll have to pay withdrawal fees from whichever exchange you bought the MCO from. As well as some gas fees for the transaction. |
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Anyone knows the answer to this question below?
Should mining be expected to end at some point, and only the mobile devices keep giving support to the transactions?
No. Because mobile miners are not actually miners. It's a mining simulation, where people are rewarded with ETN from a pre-mined pool. Sort of like large scale airdrop. |
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I have highlighted in bold the section of your post that is most important. Right now, there are issues with the web wallet. I am not sure how the mobile wallet is working. I know very well that the command line daemon syncs well with the network. I have received coins that I have mined to my CLI wallet. But as you mentioned, this is not the crowd that ETN is targeting, so at this moment they are not doing a great job with their target audience, who want to use either the mobile or web wallet to transfer their ETN funds.
AFAIK, the current mobile "wallet" is actually not a wallet at all, but a wallet interface. the actual wallets and blockchain nodes are on their servers, the app just communicates with their servers telling them what transactions to conduct. It's a centralized system working on top of a decentralized one. That's why it's laggy and slow. The solution is quite simple. If they just alter the app so that it connects to the blockchain directly and not through their servers it would work as well as the cli wallet is right now. No need to upgrade their servers at all. Not sure why they went with this haphazard setup. |
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how many new coins did Bittrex actually list in the past 6 months? 1 or 2? I don't know what's happening with them, but they're becoming less relevant by the day.
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when is richard ellies releasing rest of 4 billion 900 mill in to ico folks. with this rate it may take atleast couple of months to get ico tokens back to investors. also just 2% tokens out in market. price tumbling. I believe it fall below 50 sat once 5 bill out to market. from there it raise. I will happily buy below 100 sat in few days.
You're a bit behind the times, the recent drop was from the ICO coins being released  dude, I am way forward, out of 5 bill coins, only 100 mill pass through so far on blockchain because various issues. like 4 bill 900 mill yet to come out. right, only in the announcement yesterday they said only a small minority couldn't get access yet. So those who didn't get there coins to "pass through" are people who are just hodling, like I did. I have access for 2 days now, didn't move anything, and not planning to for a long time. |
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yes it will continue to happen forever, that's how all blockchains work
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I've put my transaction ID into that blockexplorer, it says the amount of confirmations etc. Outputs for total amount of ETN and such. I'm not sure what everything on that page means, but it looks like the whole transaction has completed a while ago. It's more that the ETN wallet itself can't update, it just keeps saying it failed to update. I won't transfer any more coins from cryptopia before I see my balance there.
PS How do you check whether or not the transaction has completed? On the BTC blockchain I could see when it had completed but here I'm not sure.
see next to "Block:", if there's a number, it's confirmed. if it's N/A then it's pending. You have nothing to worry about, the ETN arrived, just the app isn't refreshing that's all. Keep them on Cryptopia for now, or send them to a paper wallet. |
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Monero IS A FAIL currency
which focuses on anonymity which a common person doesn't actually needs such anonymity there is nothing special all the coins offers anonymity this is just a nothing but a scam which monero users are making a hype towards it... This coin is just meant for criminals who wishes this sort of anonymity what you gonna do with such anonymity wack your butt in hell?
lol, do you know what the word scam means? |
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My transfer from yesterday still hasnt showed up 24+hrs and counting.
Transfer from where to where? That is not right, sounds like the transaction never actually went through or maybe a mistake was made. From cryptopia to my.electroneum.com wallet. I did a smaller transaction first. Took around half a day and showed up in my wallet. Second one was a larger one showed up as completed pretty quick on Cryptopia, but so far hasn't showed up in my wallet. But when I enter my wallet it constantly tells me balance update pending, that goes on for a few minutes and then it just says Unable to update balance. check your balance using the explorer, the ETN probably already there, the app is laggy now because of the massive adoption. https://blockexplorer.electroneum.com/ |
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I expect the price of ETN will stabilize at around 0.07-0.1 $ in the following days. Please bear in mind that the ETN is a privacy coin just like Monero, Zcash, Verge etc. and therefore will be faced with an increasing demand in the future. In a few months the price will probably rise to about 0.5-1 $ a coin. Next year, the total crypto market capitalization will be at least 10-times higher than it is today. Within a year or two the ETN can realistically hit the price 5-10 $ a coin.
That is reasonable to assume IMO. ETN at 1$ a piece is only 1% share of the entire cryptocurrency capitalization. That's 14x from the current price! |
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We have successfully delivered over 160,000 SMS message and emails in the first 24 hours. A minority of people are still struggling to receive our SMS messages or emails.
There you go, assuming most people who got SMSs eventually accessed the wallets, it means most ICO participants accessed their wallets. No further Drop in price! there were 110k ico participants, I assume the number is higher because of the duplicate attempts. |
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The most likely scenario to play out from here on in is the following: a LOT of people want to buy ETN and are waiting for a further dip. ETN has been going sideways for more than a day now, the longer it keeps going sideways the more people start to give up the hope that it will go down and buy at the current price, which raises the price, causing more of those people waiting for the dip to give up and buy in FOMO, which raises the price to a point that other people who didn't hear about ETN come in and buy more,
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Are people seriously trying to argue there hasn't been a dip? That's not even worth responding to, of course the wallet release affected the price. If you feel otherwise, it's not worth trying to explain to you why you're wrong, because you're either trolling or just stubborn.
Whether the price will go any further down - that depends on this rumor about not all ICO coins being released yet. What we need is a clear statement from the ETN team about what the mined supply is, what the ICO supply was, and how much of that ICO supply has been moved out of the ICO wallets. It should be in the ETN team's interest to be transparent, as that is what will give value in the long run. If they cover up facts and figures to protect the short term price, they will hurt the coin long-term.
there HAS been a dip. from 11-13 cents to 7 cents, it just wasn't as severe as most people expected. I personally don't think that there's a lot of people who can't access their coins yet (maybe less than 10%). Although it seems like there is no way to figure this out from ETN/Monero blockchain as it's very secretive/privacy oriented. It would be nice if we could hear an official statement about how much of the ICO coins have been successfully accessed. So that those who still expect a deeper dip can get over themselves and we can proceed to the moon. |
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Still no coins at Cryptopia. I send my ETN since maybe 30 hours...
That can't be true, there is no transaction older than 2 minutes at the time of writing: https://blockexplorer.electroneum.com/txpoolYour transaction wasn't even created, you must try to send again, otherwise you will wait forever and nothing will happen. |
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We are still at NO.1053 at Coinmarketcap site. When will that be refreshed? Can we reach top 10 rank ?
marketcap at 7 cents is around $400 million. So top 50 |
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did they mention anywhere when will there be a GUI PC wallet?
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I think, the team should explain again the project because I can see there is people that doesn't undestand it in it totality
They still have the white-paper on their website, plenty of information there. |
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