[POR]⚡ELECTRONEUM⚡Official Moderated Thread

[ChaozX]

I get this in my wallet

Balance updates are taking a bit longer than usual. Please try again shortly. 

Not enough time since fork by now? Why doesn't the wallet update?

No new mined block = No wallet update

Why? Aren't there enough miners on the network?? How long since last mined block?

Not enough. the greedy GPU miners waiting the network difficulty to stabilize then come in

They are not helping at all

Don't put us all in the same basket.... I'm mining with 1070s and 1070TIs even though it's not exactly the most profitable thing to do. I'm just supporting the transition as best as I can.

Then you are not the greedy GPU miners 

[boxalex]

I get this in my wallet

Balance updates are taking a bit longer than usual. Please try again shortly. 

Not enough time since fork by now? Why doesn't the wallet update?

No new mined block = No wallet update

Why? Aren't there enough miners on the network?? How long since last mined block?

Not enough. the greedy GPU miners waiting the network difficulty to stabilize then come in

They are not helping at all

Honestly, from a customor/client point of view i do not care who how mines, all i need is fast transactions, fast confirmations and
a working updating wallet!

How long does it take to have a working network again?

If there are no miners left than electroneum should rent immediatly hashpower to keep the network running.

[dragonmike]

I get this in my wallet

Balance updates are taking a bit longer than usual. Please try again shortly.  

Not enough time since fork by now? Why doesn't the wallet update?

No new mined block = No wallet update

Why? Aren't there enough miners on the network?? How long since last mined block?

Not enough. the greedy GPU miners waiting the network difficulty to stabilize then come in

They are not helping at all

Don't put us all in the same basket.... I'm mining with 1070s and 1070TIs even though it's not exactly the most profitable thing to do. I'm just supporting the transition as best as I can.

Then you are not the greedy GPU miners  

Yup, same here. Guess I'm mining for free at the moment but hey ho.
Give it some time, guys. Every ASIC and his mother was mining ETN before the fork. Once the first new block is found, difficulty will readjust and the party will be on again.

[boxalex]

I get this in my wallet

Balance updates are taking a bit longer than usual. Please try again shortly.  

Not enough time since fork by now? Why doesn't the wallet update?

No new mined block = No wallet update

Why? Aren't there enough miners on the network?? How long since last mined block?

Not enough. the greedy GPU miners waiting the network difficulty to stabilize then come in

They are not helping at all

Don't put us all in the same basket.... I'm mining with 1070s and 1070TIs even though it's not exactly the most profitable thing to do. I'm just supporting the transition as best as I can.

Then you are not the greedy GPU miners  

Yup, same here. Guess I'm mining for free at the moment but hey ho.
Give it some time, guys. Every ASIC and his mother was mining ETN before the fork. Once the first new block is found, difficulty will readjust and the party will be on again.

Look, i don't care who how much profit or party each one here makes. All i want to know how long it takes until i can use my wallet again?

[dragonmike]

a few hours I reckon

[RivAngE]

Which are the working pools? I know etn.spacepools.org was steady and had a nice 20% share of the global hashpower before the ASICs.
Any other suggestions?

[boxalex]

a few hours I reckon

Fine, no other optin than to wait and hopefully transaction speed, confirmation speed and wallet updating
will be back to previous speed and i hope that the 100x times lower hashrate won't influence performance.

Why someone is decreasing his network 100x with intention is out of my logic anyway as i thought the
more hashrate on a network the faster and more secure .......

[Sberex]

a few hours I reckon

Yes, If more miners will not start leaving network after 4-5 hours of working for free without reward.

[Mrsmoker]

all we can do now is helping etn to stabilize like monero, help with your GPU

[dragonmike]

all we can do now is helping etn to stabilize like monero, help with your GPU

I've got 20 GPUs on ETN now (14 RX 570's and 6 Vega 64's). Come on block 307500, show yourself, you can do it!!

[RivAngE]

Why someone is decreasing his network 100x with intention is out of my logic anyway as i thought the
more hashrate on a network the faster and more secure .......

This update was not about decreasing the hashrate of the network, it's about decentrilizing it. That was the goal.
As things were with ASIC miners,
1) Only the few people who would be able to afford their cost would buy them
2) Those ASICs that were not bought could be used by the manufacturer in a huge farm, though there's no way we can know if that happened
3) If the manufacturer of these ASICs decided to put a killswitch inside the miners, they could shutdown the whole network anytime and make theirselves the sole miner.

The aboves are the main reasons people are against ASICs in general though, not just the ETN miners. Sure there are a few positives, as a more "secure" network against 3rd parties, but for me that doesn't offset the risk of providing to someone from the inside (the manufacturer) the keys.

[ChaozX]

a few hours I reckon

Fine, no other optin than to wait and hopefully transaction speed, confirmation speed and wallet updating
will be back to previous speed and i hope that the 100x times lower hashrate won't influence performance.

Why someone is decreasing his network 100x with intention is out of my logic anyway as i thought the
more hashrate on a network the faster and more secure .......

The so called community pushed the team to change the algo

[boxalex]

Why someone is decreasing his network 100x with intention is out of my logic anyway as i thought the
more hashrate on a network the faster and more secure .......

This update was not about decreasing the hashrate of the network, it's about decentrilizing it. That was the goal.
As things were with ASIC miners,
1) Only the few people who would be able to afford their cost would buy them
2) Those ASICs that were not bought could be used by the manufacturer in a huge farm, though there's no way we can know if that happened
3) If the manufacturer of these ASICs decided to put a killswitch inside the miners, they could shutdown the whole network anytime and make theirselves the sole miner.

The aboves are the main reasons people are against ASICs in general though, not just the ETN miners. Sure there are a few positives, as a more "secure" network against 3rd parties, but for me that doesn't offset the risk of providing to someone from the inside (the manufacturer) the keys.

Where is the deal to shutdown a network by Asic miners? It would be like self suicide for them. Sounds a bit too idealistic and hytpotetical to me. I don't have any fear of that when i use my BTC, LTc, DASH, DGB or any other of my currencies that are mined maybe with Asic networks i think.

Just as a side note, since December 2017 i'am trying to buy 2x 1080ti for my PC at home, no chance, everything sold out or total overpriced .... Thx guys, at least i know now where all these cards are, used for decentralization. What a joke. Killswitch by manufacture. Where is the deal a manufactore shutting down his products. It would be illegal by the way as it's not his property anymore and it would ruin his business. Reality total left out it seems. Any measures to prevent aliens to attack Electroneum? (just kidding)

Guys, no offence, as a customer and user of ETN, Trader and Holder of ETN i seriously await a working product for real life usage and not a product for hypotethical nearly impossible possibilities that are a usage problem for me as the customer. And reading some posts while waiting the wallet to functin again, i don't care if the guy with the gpu makes some bucks or the asic guy. All i want is a fast running, fast performing wallet and transactions.

Whatever, every projects it's own vision, but after realizing that this is more an ideologie product i may better overthink if it's not better to investe only in products/projects that focus on real life issues.....

Anyway, totally upset that the wallet doesn't work for hours now!!!

[boxalex]

a few hours I reckon

Fine, no other optin than to wait and hopefully transaction speed, confirmation speed and wallet updating
will be back to previous speed and i hope that the 100x times lower hashrate won't influence performance.

Why someone is decreasing his network 100x with intention is out of my logic anyway as i thought the
more hashrate on a network the faster and more secure .......

The so called community pushed the team to change the algo

Maybe, no idea. I run my own businesses since ever and one thing i never would do is running my business
as the employee would like to me to run it.
Neither has an employee any risk to take, nor investement, nor does he have the bright picture of my business, what's left for taking personal responsibility!
This said, a business/project should always be run to outperformance the competition and to satisfy the client. Everything else won't work out, easy as that.

Wallet still not working.....

[rednoW]

miningpoolhub says that hardfork failed:

"Electroneum hardfork seems failed currently. Pool rolled back to previous version as new blockchain doesn't accept new block after 307500 block height."
They switched back to old wallet and chain with ordinary Cryptonight-ASIC algo

As for smooth transition - ETN team should buy large amount of cryptonight-v7 hash on NiceHash or somewhere else to provide smooth transition.
They'll get ETN rewards for it so it won't be too costly for them.

[dragonmike]

miningpoolhub says that hardfork failed:

"Electroneum hardfork seems failed currently. Pool rolled back to previous version as new blockchain doesn't accept new block after 307500 block height."
They switched back to old wallet and chain with ordinary Cryptonight-ASIC algo

As for smooth transition - ETN team should buy large amount of cryptonight-v7 hash on NiceHash or somewhere else to provide smooth transition.
They'll get ETN rewards for it so it won't be too costly for them.

What's MPH hoping to achieve that way? Mining on the old chain does not guarantee any valid blocks!? Surely they should either mine on the new chain or stop completely?

[Snider]

We are a well-known mining pool operation for cryptonote coins, our Electroneum pool (https://electroneum.hashvault.pro) has been a staple for the ETN mining community, now the ASIC's are gone, support a professional mining pool

HashVault takes mining to the next level, our Electroneum Mining Pool has

• Full-Time staff
• low payout of 25 ETN
• fault tolerant GeoDNS on a proven technology stack powering 14 separate pools
• Ability to spread to 15 different edge locations as demand increases
• free public blockchain node for your wallet
• Miners Forum
• Discord

You won't find a pool who takes your happiness so seriously.

We also have cookies, awesome cookies

[CharlieCox]

Why someone is decreasing his network 100x with intention is out of my logic anyway as i thought the
more hashrate on a network the faster and more secure .......

Your original assumption is wrong, hence it is out of your logic. The more hashrate on a network, the more secure the network is. Not faster. Blockchain difficulty is always adjusted so that each block happens in nearly regular intervals. For BTC it is 10 minutes, for LTC it's 2.5 minutes and for ETN it's 2 minutes. The block time interval is fixed. It can't be faster.

If you wish to be able to process more transactions per block, you have to find another way -- e.g. fit more transactions into each block (by increasing block size, removing overhead...). And the ETN team is doing exactly that with this update.

Give the blockchain a chance to adjust. It may take a few hours. After that it will work faster than before the fork.

[boxalex]

miningpoolhub says that hardfork failed:

"Electroneum hardfork seems failed currently. Pool rolled back to previous version as new blockchain doesn't accept new block after 307500 block height."
They switched back to old wallet and chain with ordinary Cryptonight-ASIC algo

As for smooth transition - ETN team should buy large amount of cryptonight-v7 hash on NiceHash or somewhere else to provide smooth transition.
They'll get ETN rewards for it so it won't be too costly for them.

What's MPH hoping to achieve that way? Mining on the old chain does not guarantee any valid blocks!? Surely they should either mine on the new chain or stop completely?

From how i read the statement it seems there is some compatibility problem after the new blockchain does NOT accept any blocks...
I'am not the tech guy when it comes to blockchain, but thats how it sounds to me.

How many hours now left since the fork? No dev or moderator for an update here? Nothing on the home page either. Nothing on the wallet page.
What's going on?

[boxalex]

Not faster. Blockchain difficulty is always adjusted so that each block happens in nearly regular intervals. For BTC it is 10 minutes, for LTC it's 2.5 minutes and for ETN it's 2 minutes. The block time interval is fixed. It can't be faster.

Got it, than the reverse assumption. Can it be slower than in case a network drops 100x, 1000x or fictional 10,000 times?