[POR]⚡ELECTRONEUM⚡Official Moderated Thread

[PD107]

Hi!

I've just finished setting up my ETN pool. Everyone is welcome to mine with us.
In fact, I'm asking you to join us, to get more hashrate.

http://etn.nasf.eu

Please contact me if you have any further questions.

[jcarl987]

How many coins are currently in circulation?
What is the Market Cap?

Assuming that the only coins in circulation are the ones generated from mining and that none of the ICo coins are in circulation.
Assuming that the block time is 1.5 minutes (latest) and that the reward is 7584 (latest)
Assuming that mining started on November 2nd then the approximate number of coins in circulation are:
35 days x 24 hours x 60 minutes / 1.5 x 7584 = 254,822,400 coins
Market cap = 254,822,400 x $0.08375030 = 21,328,634 (21 million)

This would place it next to BBL at 228.

If we add the ICO coins 6.3 billion

Assuming 7 more days before the wallets are released
42 days x 24 x 60 /1.5 x 7584 = 305 million coins mined

6,300,000,000 + 305,000,000 = 6,605,000,000

Market cap at wallet release assuming current price holds
6,605,000,000 x $0.08375030 = 552 million

That places 28 between Ardor and NXT.

Is this analysis correct?

This sounds about right to me! CMC isn't counting the ICO coins until they are distributed.

[johntwo]

..

Market cap at wallet release assuming current price holds
6,605,000,000 x $0.08375030 = 552 million

That places 28 between Ardor and NXT.

Is this analysis correct?

I'm not sure the price will hold though.  Usually when you double the supply of something, the price doesn't magically stay the same.  Market cap is the thing that's fixed and needs to move, not price.  That being said, the current market cap may already be accounting for the missing supply, but we know for a fact there will be temporary dumping upon wallet release.  The question is just how much.  After that though, we'll have a stable price and cap, and hopefully ETN will grow strong.

[CryptoWhaler]

How many coins are currently in circulation?
What is the Market Cap?

Assuming that the only coins in circulation are the ones generated from mining and that none of the ICo coins are in circulation.
Assuming that the block time is 1.5 minutes (latest) and that the reward is 7584 (latest)
Assuming that mining started on November 2nd then the approximate number of coins in circulation are:
35 days x 24 hours x 60 minutes / 1.5 x 7584 = 254,822,400 coins
Market cap = 254,822,400 x $0.08375030 = 21,328,634 (21 million)

This would place it next to BBL at 228.

If we add the ICO coins 6.3 billion

Assuming 7 more days before the wallets are released
42 days x 24 x 60 /1.5 x 7584 = 305 million coins mined

6,300,000,000 + 305,000,000 = 6,605,000,000

Market cap at wallet release assuming current price holds
6,605,000,000 x $0.08375030 = 552 million

That places 28 between Ardor and NXT.

Is this analysis correct?

This sounds about right to me! CMC isn't counting the ICO coins until they are distributed.

You are assuming the price will still be 8 cents despite a colossal supply of 6.3 Bil ICO coins making their entry.

How will price stay same if supply is 22 fold?

Perhaps replacing $0.08 with $ 0.008 will get you a more accurate market cap; at least for the first few days of the relaunch.

[jcarl987]

How many coins are currently in circulation?
What is the Market Cap?

Assuming that the only coins in circulation are the ones generated from mining and that none of the ICo coins are in circulation.
Assuming that the block time is 1.5 minutes (latest) and that the reward is 7584 (latest)
Assuming that mining started on November 2nd then the approximate number of coins in circulation are:
35 days x 24 hours x 60 minutes / 1.5 x 7584 = 254,822,400 coins
Market cap = 254,822,400 x $0.08375030 = 21,328,634 (21 million)

This would place it next to BBL at 228.

If we add the ICO coins 6.3 billion

Assuming 7 more days before the wallets are released
42 days x 24 x 60 /1.5 x 7584 = 305 million coins mined

6,300,000,000 + 305,000,000 = 6,605,000,000

Market cap at wallet release assuming current price holds
6,605,000,000 x $0.08375030 = 552 million

That places 28 between Ardor and NXT.

Is this analysis correct?

This sounds about right to me! CMC isn't counting the ICO coins until they are distributed.

You are assuming the price will still be 8 cents despite a colossal supply of 6.3 Bil ICO coins making their entry.

How will price stay same if supply is 22 fold?

Perhaps replacing $0.08 with $ 0.008 will get you a more accurate market cap; at least for the first few days of the relaunch.

I'm not sure if you are replying to me or the other guy but I certainly don't expect the price to hold at $0.08 - I'm simply saying that his calculations looked correct to get the market cap AT launch, not 5 minutes or 5 days after or whatever. And actually I don't think they are correct, target block time is 1 minute iirc, not 1.5.

[Somz1]

FEW WEEKS BACK

https://www.bloomberg.com/news/articles/2017-11-21/bitcoin-falls-after-31-million-theft-of-cryptocurrency-tether



TODAY

https://www.[Suspicious link removed]#ampshare=https://www.coindesk.com/62-million-gone-cryptocurrency-mining-market-nicehash-hacked/





This is why we are waiting for Hackerone to get finished. They have clients such as Spotify, US Department of Defense, Starbucks, Blockchain.info, Coinbase, and many more.

I saw that, and I think Electroneum did the right thing to secure the whole system. I think that this will add trust to the coin. I think it's more the updates (or lack thereof) that have people concerned. There isn't much to tell as far as the security goes, especially since it's out of the hands of the Electroneum team itself. It's just thanks to all the scam coins that have people worried and it's hard to really blame them for it. With all the scams you read about it's quite difficult sometimes to not catch yourself starting to believe certain stories. which in return I can definitely understand can be frustrating to a team that has only good intentions.

If nicehash were stupid enough to keep such large btc deposits in online wallets, then it's entirely their fault.
Stock of such large coins must have been stored in multisig cold wallets or offline wallets, otherwise it doesn't matter what kind of security is present, hackers can hack period.
Just because Hackerone or hacker100 is doing a bug solving event doesn't mean etn is safe or any more secure.

Oh I definitely agree. I didn't mean to imply that ETN is unhackable now. I was thinking that maybe working with them will step up their level of security, as security experts I would assume they would advise ETN how to not make mistakes like this. I'm no techie of any sort so I'm just guessing.

Of course mate, I meant no offense of any kind to your opinions. Everyone is entitled to theirs..
Cheers

[CryptoWhaler]

How many coins are currently in circulation?
What is the Market Cap?

Assuming that the only coins in circulation are the ones generated from mining and that none of the ICo coins are in circulation.
Assuming that the block time is 1.5 minutes (latest) and that the reward is 7584 (latest)
Assuming that mining started on November 2nd then the approximate number of coins in circulation are:
35 days x 24 hours x 60 minutes / 1.5 x 7584 = 254,822,400 coins
Market cap = 254,822,400 x $0.08375030 = 21,328,634 (21 million)

This would place it next to BBL at 228.

If we add the ICO coins 6.3 billion

Assuming 7 more days before the wallets are released
42 days x 24 x 60 /1.5 x 7584 = 305 million coins mined

6,300,000,000 + 305,000,000 = 6,605,000,000

Market cap at wallet release assuming current price holds
6,605,000,000 x $0.08375030 = 552 million

That places 28 between Ardor and NXT.

Is this analysis correct?

This sounds about right to me! CMC isn't counting the ICO coins until they are distributed.

You are assuming the price will still be 8 cents despite a colossal supply of 6.3 Bil ICO coins making their entry.

How will price stay same if supply is 22 fold?

Perhaps replacing $0.08 with $ 0.008 will get you a more accurate market cap; at least for the first few days of the relaunch.

I'm not sure if you are replying to me or the other guy but I certainly don't expect the price to hold at $0.08 - I'm simply saying that his calculations looked correct to get the market cap AT launch, not 5 minutes or 5 days after or whatever. And actually I don't think they are correct, target block time is 1 minute iirc, not 1.5.

Sorry, I was suppose to reply to the other guy 

Yes his method is spot on but the numbers themselves may require adjustments.

[snowyNNN]

How much is the Bitcoin they collected worth in Fiat now?

I bought Etn with BTC at the ICO. It will take a rise to get out the same amount of Bitcoin ....

[404Revolution]

This coin is beautiful. It makes me happy to see such a diverse group of investors.

I sincerely believe this coin belongs in top 10 on coinmarketcap.

I find the majority of projects to be run by sleazeballs and I can't stand the undeserved praise their devs get.

Richard Ells though is already wealthy. He is after somethig more than just money. He is plain spoken and dressed, he doesn't try to entice investors with some phony narrative.... He just does his job. ETN has done the perfect job of declaring what their coin is and why it is unique without crossing the line to where they'll say anything as long as it makes them look good.

[keksik]

HI guys, quick question.

i pointed all my miners to suprnova pool and been minig for two days lets say (first day with 4800) and today since lunch with more than 15 000H/s, howver still getting only 27coins per hours...rpedicted is 80+ per hour..so is something wrong with suprnova pool and block? i was expecting around 1500 coins per day, however seems i will reach a half...so disapointed..

[TheCryproMaster]

This coin is beautiful. It makes me happy to see such a diverse group of investors.

I sincerely believe this coin belongs in top 10 on coinmarketcap.

I find the majority of projects to be run by sleazeballs and I can't stand the undeserved praise their devs get.

Richard Ells though is already wealthy. He is after somethig more than just money. He is plain spoken and dressed, he doesn't try to entice investors with some phony narrative.... He just does his job. ETN has done the perfect job of declaring what their coin is and why it is unique without crossing the line to where they'll say anything as long as it makes them look good.

Well done on some top notch ramping there, please send your cv through to the marketing team at Electroneum you'll be snapped up no problem. Electroneum: The beautiful coin.

With all this wonderful praise, when do you think the wallets will be opened for business?

[10000BTC]

This coin is beautiful. It makes me happy to see such a diverse group of investors.

I sincerely believe this coin belongs in top 10 on coinmarketcap.

I find the majority of projects to be run by sleazeballs and I can't stand the undeserved praise their devs get.

Richard Ells though is already wealthy. He is after somethig more than just money. He is plain spoken and dressed, he doesn't try to entice investors with some phony narrative.... He just does his job. ETN has done the perfect job of declaring what their coin is and why it is unique without crossing the line to where they'll say anything as long as it makes them look good.

Well done on some top notch ramping there, please send your cv through to the marketing team at Electroneum you'll be snapped up no problem. Electroneum: The beautiful coin.

With all this wonderful praise, when do you think the wallets will be opened for business?

That's the same question i ask myself everyday.
we've waited too long come to the market to prove that you worth these praises.
just living in the shadows won't prove anything.
put your ideas and the proposed technologies at work.

[404Revolution]

Well done on some top notch ramping there, please send your cv through to the marketing team at Electroneum you'll be snapped up no problem. Electroneum: The beautiful coin.

With all this wonderful praise, when do you think the wallets will be opened for business?

It really is a thing of beauty though. I've been involved in many launches where we dreamed of getting something like this where small investors are picking up cryptocurrency for the first time and they never succeeded.

I've seen hundreds of people lose money time and time again on scams, it's amazing to see a project that seems to be above board.

ETN wallets are probably 1-2 weeks away but I really don't care when it launches as long as it's announced and all coins are made available. If you know your stuff and have been in crypto for many years now there is no question as to wether their platform will function.

Good Luck everyone

[callkiller]

Well done on some top notch ramping there, please send your cv through to the marketing team at Electroneum you'll be snapped up no problem. Electroneum: The beautiful coin.

With all this wonderful praise, when do you think the wallets will be opened for business?

It really is a thing of beauty though. I've been involved in many launches where we dreamed of getting something like this where small investors are picking up cryptocurrency for the first time and they never succeeded.

I've seen hundreds of people lose money time and time again on scams, it's amazing to see a project that seems to be above board.

ETN wallets are probably 1-2 weeks away but I really don't care when it launches as long as it's announced and all coins are made available. If you know your stuff and have been in crypto for many years now there is no question as to wether their platform will function.

Good Luck everyone

Thats whats needed around here is a bit of positivity for a change instead of all the doom and gloom lol

[entropy0]

wow dude relax... im sure more progress will happen soon

[callkiller]

Holy crap that's some fucking quality brainwashing cult shit going on right there. 1-2 weeks away. Probably. No question their platform will function. And this is based on what?... the amazing launch that happened six weeks ago and we're still sitting here watching miners raking in the profits while investors are getting diddlyfuckingsquat.
I wouldn't be surprised if you had a naked pic of Richard on your bedroom ceiling with your cum stains plastered over every inch of his god like body.

lol it looks like someone invested a little bit more than they should have? Chill dude lmao

[404Revolution]

Holy crap that's some fucking quality brainwashing cult shit going on right there. 1-2 weeks away. Probably. No question their platform will function. And this is based on what?... the amazing launch that happened six weeks ago and we're still sitting here watching miners raking in the profits while investors are getting diddlyfuckingsquat.
I wouldn't be surprised if you had a naked pic of Richard on your bedroom ceiling with your cum stains plastered over every inch of his god like body.

wow, quite vulgar. Sorry if you are upset, sincerely. You must accept these sort of situations in crypto. Everybody is constantly missing opportunities so you have to learn to accept that.

 I know there are a lot of teens and young adults getting involved who really do need money to stabalize themselves. The intense price movements are undoubtedly a source of great distress for many fomoing into cryptocurrency. South Korea's president addressed exactly this recently sayin he is concerned about moral and psychological catastrophe among the youth who are forming all sort of malconceived understandings of society, markets, global finance and politics.

It's not unusual to have a delay between seed funding and launch. They made clear that there are no guarantees and this is a risky venture. If you weren't willing to wait for profit you should re-examine your mentality for buying in the first place.

 Anyone with significant experience in mining knows it's mostly a losing game where you only really make money from selling immediately and successuflly arbitraging or holding. There's no insane profit to be had in ETN mining presently so don't sweat it. It's desirable enough to make the blockchain function. Good. You can buy if you want more or mine yourself.

All experienced traders involved are calm and happy to see market interest supporting ten cents. Don't believe those who will tell you there has been some big failing in electroneum. Have patience and realize you will own and trade Bitcoin and Electroneum for probably the rest of your life.

[miKcrypto]

Holy crap that's some fucking quality brainwashing cult shit going on right there. 1-2 weeks away. Probably. No question their platform will function. And this is based on what?... the amazing launch that happened six weeks ago and we're still sitting here watching miners raking in the profits while investors are getting diddlyfuckingsquat.
I wouldn't be surprised if you had a naked pic of Richard on your bedroom ceiling with your cum stains plastered over every inch of his god like body.

wow, quite vulgar. Sorry if you are upset, sincerely. You must accept these sort of situations in crypto. Everybody is constantly missing opportunities so you have to learn to accept that.

It's not unusual to have a delay between seed funding and launch. They made clear that there are no guarantees and this is a risky venture. If you weren't willing to wait for profit you should re-examine your mentality for buying in the first place.

 Anyone with significant experience in mining knows it's mostly a losing game where you only really make money from selling immediately and successuflly arbitraging or holding. There's no insane profit to be had in ETN mining presently so don't sweat it. It's desirable enough to make the blockchain function. Good. You can buy if you want more or mine yourself.

All experienced traders involved are calm and happy to see market interest supporting ten cents. Don't believe those who will tell you there has been some big failing in electroneum. Have patience and realize you will own and trade Bitcoin and Electroneum for probably the rest of your life.

Theres 4 billion tokens set to hit the market... explain to me how you don't see the price dumping back down to $0.01 in this fantasy world you're living in

[404Revolution]

Theres 4 billion tokens set to hit the market... explain to me how you don't see the price dumping back down to $0.01 in this fantasy world you're living in

I don't see how that matters even if it does? I guarantee you the price will rebound if it hits 1 cent. There are quite a few large players willing to buy who missed the ico price.

[miKcrypto]

Theres 4 billion tokens set to hit the market... explain to me how you don't see the price dumping back down to $0.01 in this fantasy world you're living in

I don't see how that matters even if it does? I guarantee you the price will rebound if it hits 1 cent. There are quite a few large players willing to buy who missed the ico price.

4billion at 10 cents is 400million... 4billion at 1 cent is 40million. Theres currently 2.1 million in buys on Cryptopia with the vast majority of them being below 5 cents... its going to dump and find a true floor before it rebounds.