It seems like they're holding funds from all official mining pools so they can sift ETN to pay ICO investors? Unlike ERC20 Tokens which can be issued with ease to ICO investors, Electroneum decided to use a fork of Monero which is based on Cryptonote tech, which means you cannot issue tokens, you have to mine them. I understand they pre-mined like 9 billion though? Or did they fuck up their pre-mine?

Maybe they fucked up with the pre-mine and are holding all official mining pools in order to pay ICO holders? Who knows I'm just being speculative here, but it's very odd that all official mining pools have stopped paying out miners, not to mention the ridiculous 4% mining fee! Should be max 2%.

What's even more surprising is that a ETN has a max supply of 21,000,000,000 which is mind blowing considering the price is .09 right now. This coin should be well less then a cent based on pure fundamentals, granted the sheer amount of noobs and hype around the coin has generated tons of interested. I do like the fact 237890132709437094327021 noobs are learning what the hell a wallet-cli is and are learning about mining and the pain staking process behind it though.

What's even more surprising is that a ETN has a max supply of 21,000,000,000 which is mind blowing considering the price is .09 right now. This coin should be well less then a cent based on pure fundamentals,

Im confused as to what you mean by this.

Can you or others that do understand, please explain in more detail.

"You wont get ETN, but will help others get ETN" is what Im confused on

Im confused as to what you mean by this.

Can you or others that do understand, please explain in more detail.

"You wont get ETN, but will help others get ETN" is what Im confused on

Yes, all of the innovation is in the centralized mobile mining side of the coin, and will not be put on github as this part of the project is not open source.

I know its frustraing that we got hacked by a huge botnet, but we will surive.

The devs are doing the right thing, but right now that isnt making people feel much better, but it does make me feel better because I wasnt going to sell until we hit $1-$2.

So the only difference it made to me,6 was to show we have a dev team will make the hard choice in the face of adversity, to DO THE RIGHT THING!!

LOL that is BEFORE!!

Look at the date people, 2014!!

And it WAS flawed back then. MONERO made many improvememts, thats why the devs chose Monero.

They had to make a improvement themselves, or choose the UPDATED Monero code, and guess what our devs did??

BOTH!!

They are adopting the Monero updated code...

...AND....

....making improvements on top of that..

.... using Core Monero Dev.

Thanks for playing, Fido

 

Bump

Please make you post in the new thread. Most of the people are already there, lets have to rest of you over there, too



Thanks,



Contraband
Community Manager

What bugs me the most is that why a team who raised $40 mln in funds wasn't capable of hiring a middle level Linux admin/developer who could do the job for a few thousands bucks?

I wish I am wrong, but this thought seems to be very logical to me. With that kind of budget there shouldn't be any shortage in team's skills set.

if i mine in cold wallet
how to transfer me coins to the exchange?
how to open my wallet?

It seems like they're holding funds from all official mining pools so they can sift ETN to pay ICO investors? Unlike ERC20 Tokens which can be issued with ease to ICO investors, Electroneum decided to use a fork of Monero which is based on Cryptonote tech, which means you cannot issue tokens, you have to mine them. I understand they pre-mined like 9 billion though? Or did they fuck up their pre-mine?

Maybe they fucked up with the pre-mine and are holding all official mining pools in order to pay ICO holders? Who knows I'm just being speculative here, but it's very odd that all official mining pools have stopped paying out miners, not to mention the ridiculous 4% mining fee! Should be max 2%.

What's even more surprising is that a ETN has a max supply of 21,000,000,000 which is mind blowing considering the price is .09 right now. This coin should be well less then a cent based on pure fundamentals, granted the sheer amount of noobs and hype around the coin has generated tons of interested. I do like the fact 237890132709437094327021 noobs are learning what the hell a wallet-cli is and are learning about mining and the pain staking process behind it though.

Everyone start using this new thread, as this is a madhouse because of paid trolls.



Thank you,



Contraband
Community Manager

Why are we not able to mine in the US?  I mined for 6 hours and submitted 8682884 hashes but I received nothing...