[POR]⚡ELECTRONEUM⚡Official Moderated Thread

[RivAngE]

Just noticed ETN withdraw fee on Cryptopia is 10 ETN. They are greedy it seems, too bad for them...

Their Doge (which is much cheaper) withdraw fee is 3 Doge but ETN withdraw fee is 10.

Why ppl would not just sell their ETN and use other coins?

little bit expensive.... my phone mines for 3 days just to cover the fee... dissapointing...

Come on guys, 10ETN is like $0,2 now. Not THAT expensive, it's just mining on phone isn't profitable at all.

10 ETNs are like 4$ of the ETN's fair price, just because it's oversold by zero-knowledge people it doesn't mean I'll go by that same calculation.

[RivAngE]

Just noticed ETN withdraw fee on Cryptopia is 10 ETN. They are greedy it seems, too bad for them...

Their Doge (which is much cheaper) withdraw fee is 3 Doge but ETN withdraw fee is 10.

Why ppl would not just sell their ETN and use other coins?

little bit expensive.... my phone mines for 3 days just to cover the fee... dissapointing...

Come on guys, 10ETN is like $0,2 now. Not THAT expensive, it's just mining on phone isn't profitable at all.

Mining with a CPU/GPU is also not profitable.

But it was right? Now maybe not, since Bitmain has his ASICs running full power before he send them to customers

But isn't the difficulity and hashrate the same as it always were, before the price rise and fall? It doesn't feel like someone is pointing a huge amount of hashpower to ETN.

[Lordas]

Yes ETN is under 51% attack now. Be sure that you mine for right blockchain...
https://forum.ethereum.org/discussion/17760/etn-is-probably-under-a-51-asic-attack-right-now-bitmain

[KimberlyGB]

It's really not clear what problems can suddenly happen on the exchange. In general, this is good, then the coin is in demand

[PainKiller1986]

From Reddit thread:

https://youtu.be/2KzLveNmWkI

"Richards statement on ASIC miners:

They are working on ASIC resistance, Richard said this is a high priority at the moment. ASIC resistance and empty blocks update in relativity near future. And large blockchain update coming at the end of may.

I'm glad we now have a clear statement from Richard addressing this issue."

[sud]

Yes ETN is under 51% attack now. Be sure that you mine for right blockchain...
https://forum.ethereum.org/discussion/17760/etn-is-probably-under-a-51-asic-attack-right-now-bitmain

I've read today about android malware named hiddenminer which mine Monero on smartphones, so it may all be connected.

HiddenMiner: Mines Monero on Android Devices While Protecting Itself From Discovery and Removal

From Reddit thread:

https://youtu.be/2KzLveNmWkI

"Richards statement on ASIC miners:

They are working on ASIC resistance, Richard said this is a high priority at the moment. ASIC resistance and empty blocks update in relativity near future. And large blockchain update coming at the end of may.

I'm glad we now have a clear statement from Richard addressing this issue."

This is great that team is taking care of this mess.

[PainKiller1986]

Someone know news about the attack?

[kepas]

Someone know news about the attack?

there is no any problems - I withdrew my etn coins, which was purchased on Cryptopia, and got them in my cli wallet very soon

[simonetti]

Someone know news about the attack?

The 51% attack is over, it failed.
There is some tx pool spamming, but it does not effect normal operations.

[Edmund5000]

Someone know news about the attack?

The 51% attack is over, it failed.
There is some tx pool spamming, but it does not effect normal operations.

My pool still has etn withdrawals disabled.

[PainKiller1986]

Someone know news about the attack?

there is no any problems - I withdrew my etn coins, which was purchased on Cryptopia, and got them in my cli wallet very soon

Someone know news about the attack?

The 51% attack is over, it failed.
There is some tx pool spamming, but it does not effect normal operations.

Many thanks guys, i will try to transfer a little ETN to test the network.

[nelson4lov]

Does the 51% attack also affect the mobile miner?  I'm just curious because the team did say the mobile miner isn't an actual miner. Waiting patiently for the team to do a presd release regarding the attack and tips for ETN users to stay safe and avoid losses in such case scenarios.

[simonetti]

Mobile mining has nothing to do with real mining.

[appleandblackcurrant]

They been promising a mobile miner for ages it wont make you nowt but a broken phone its just an open ended promise if you ask me another gimmick to make the coin different its no different than most other coins rent rigs if you want to mine

[Call_Me_Bambi]

Does the 51% attack also affect the mobile miner?  I'm just curious because the team did say the mobile miner isn't an actual miner. Waiting patiently for the team to do a presd release regarding the attack and tips for ETN users to stay safe and avoid losses in such case scenarios.

I don't see why the 51% attack would affect mobile miners, but it would affect the source of the mobile miners coin which is/was mined, like you said you are not really mining all that's happening is that ETN estimates what your droid would mine if it could mine and then it airdrops the "mined" coins.

BTW, MiningPoolHub have a note on there website saying "- Electroneum network is under attack. Withdrawals are stopped temporarily. reddit link".
Referring to the Reddit link https://www.reddit.com/r/Electroneum/comments/88wbkv/electroneum_is_probably_under_a_51_attack_right/

[XmasJohn08]

Mobile mining has nothing to do with real mining.

This is completely true.

[cyberspacemonkey]

Mobile mining has nothing to do with real mining.

This is completely true.

I understand it's to attract more adoption to the app and people using mobile devices but other than that I really don't like the fictitious mobile mining, it just does not make any sense.

[verylazyme]

Mobile mining has nothing to do with real mining.

This is completely true.

I understand it's to attract more adoption to the app and people using mobile devices but other than that I really don't like the fictitious mobile mining, it just does not make any sense.

I don't like it either. They've could call it "airdrop". Why say you mine when in fact you don't mine. And why giving people with better smartphones more coins (after benchmarking the phone) ?

[allycn]

There is no attack its appril 1 joke. Dont panic .

Unfortunately it's not April fool's joke. This is happening right now, but the attackers may not have enough hashpower to make double spendings. Read the Reddit thread, all info is there, and I know the team is working to put this to end.

Post any info on the possibility of "double spend"here or it didnt happen, because I dont see this as real whatsoever.

That is a HUGE jump to base on a "reddit thread"

Pure 100% FUD

You posted the link on your previous post, knowing most are not going to click on it.

Post the actual text.

I read it and there is NOTHING THERE.

HIGH HASH RATE?

There is ZERO proof that anyone has the hash rate to mount a 51% attack.

Where in the reddit thread is it "all there"?

LMFAO


 


Edit:

And NO youre not in the "clear" by stating that the attackers "may not" not have the hash power. As you stated "I know the team is working to put this to an end"

THERE IS NO "THIS"

FUD

I think ETN is cheap enough.



To everyone else:

The community is still doing great, especially in these times that seem slow because it takes time to build a solid foundation.

It most likely took at least a third to the time to build the great pyramids in Egypt, filling in and preparing the foundation they were to be built on.

The answer to all your questions to Contraband can be summed up in a few words:

Dont worry about it. We are in VERY GOOD HANDS.

Buy now

Every once in a while I am surprised to see how quick people spread FUD and not good news. Sure a price increase of USD 0.002 - 0.003 might not be a huge deal for some people, but for me it was awesome news (my portfolio marked it as an 11.35% increase which is better than the 2% + - it had been showing).

I said this in a different thread earlier but I think many of us that joined the crypto game last year got spoiled with the bullish run crypto had at the end of 2017 and many people are pissed it’s been dipping and not rising. Guess we could call it a crash course in crypto volatility.

[RivAngE]

Mobile mining has nothing to do with real mining.

This is completely true.

I understand it's to attract more adoption to the app and people using mobile devices but other than that I really don't like the fictitious mobile mining, it just does not make any sense.

I don't like it either. They've could call it "airdrop". Why say you mine when in fact you don't mine. And why giving people with better smartphones more coins (after benchmarking the phone) ?

Ofcourse it's an airdrop, but they prefer to call it "mining simulation", which is fine by me!
Also, this kind of "airdrop" makes very good sense: Since the team is aiming to strike deals with companies from the mobile world, they need to offer something in the negotiations. That "something" will be phone users with ETN coins waiting to be spent, even if they're not miners with expensive rigs.
But this plan is linked to the price of ETN.