[POR]⚡ELECTRONEUM⚡Official Moderated Thread

[Myth888]

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?

any blockchain has a difficulty adjustment. it will always try to run at its supposed average time. When network hashrate goes up difficulty adjusts to make it go back to its block time. when hash rate drops it also does the same. it has a period of adjustment spanning a few blocks to a few hundreds. but no matter the hashrate block time will eventually adjust to the right levels. so bigger faster equipment isnt faster blocks. you just get a bigger piece of the blocks as a miner. but for users they do not feel a thing

[Myth888]

its been more than 5 hrs since the last block?

[coinfused.so]

whats the point of the high hash rates if all the coins go into a small amount of asic miners pockets?! whats stopping them from dumping at low prices, if they gained the coins so easily?!
ASIC miners are after profits only to cover their hardware costs asap. This is literally RAPING any coin that ASICS are capable of mining. That is not fair toward GPU miners, and the whole chain is at risk of being duped on.

All people crying about algo change are mainly people that have ASICS now. fuckem.

[Myth888]

whats the point of the high hash rates if all the coins go into a small amount of asic miners pockets?! whats stopping them from dumping at low prices, if they gained the coins so easily?!
ASIC miners are after profits only to cover their hardware costs asap. This is literally RAPING any coin that ASICS are capable of mining. That is not fair toward GPU miners, and the whole chain is at risk of being duped on.

All people crying about algo change are mainly people that have ASICS now. fuckem.

im with you in that.

truthfully im not pro GPU or pro asic. Im pro decentralization. Think about the logic. If people will need to buy a special dedicated equipment to mine something then it losses a lot of in total potential miners. Losses decentralization. I like cryptonight based coins because it is one of the most decentralized coin. Mineable by a regular pc and high end pc. Heck i even mine of a phone last yr.

Anyone want to argue that asic does not reduce decentralization can go to any crowd. ask them how many own a phone, a pc, some gpu, and finally ask them if they own an asic miner. I bet my bottom dollars more people will own a phone than a pc, more will own a pc without gpu than one with gpu. and more will own gpu than an asic miner.

but still some people will argue that asic miner does not threat decentralization. all i can say to them is please go back to pre school and learn basic math. maybe you cant add 1+1 yet.

[RivAngE]

Monero's block 1539501 (after the ASICs were blocked) took 3.50 minutes.
Electroneum's block 307500 is 360 minutes in and still nothing.

I believe it's safe to assume that something has gone wrong. I can understand how the team must be like at the moment, they're probably too busy to update us but I hope they'd send someone to let us know on the status.

[boxalex]

whats the point of the high hash rates if all the coins go into a small amount of asic miners pockets?! whats stopping them from dumping at low prices, if they gained the coins so easily?!
ASIC miners are after profits only to cover their hardware costs asap. This is literally RAPING any coin that ASICS are capable of mining. That is not fair toward GPU miners, and the whole chain is at risk of being duped on.

All people crying about algo change are mainly people that have ASICS now. fuckem.

This doesn't make sense to me.
the block time is fixed, just learned it, lol. So with a fixed block time the block reward is as well fixed. So each day a fixed amount of ETN goes to miners, no matter if Asic or whatever, right?
So the logical assumption is that no matter who gets them the same amount gets dropped on exchanges anyway.
Actually from my readings and knowledge Asics seem to be use less electricity compared to GPU mining. The coast of an Asic is from my knowledge as well well below of GPU mining rig so
the conclusion that an Asic miner is trying to cover his costs asap doesn't sound valid to me.

This here sounds all about mining profit, seriously. This is not decentralization from my readings here, it's protectionsim of a given group towards another.
All these hypothetical conspiracy theories that are far from being real life cases seem just to serve a given employee group to gain profit, or profit back, or whatever.
That's the impression i have reading through here while waiting for a working wallet.

How the hell it comes nobody asks the big stake holders? I mean there are people holding millions and billions of ETN, i myself hold a large portion of ETN, mostly bigger than 95% of the so
interested community members here. This doesn't look right to me, seriously.

And where is Electroneums garantee that all these gpu's don't switch away if mining is no more that profitable or other coins are way more profitable? I bet the majority will leave the ETN
network in lightspeed forgetting about all his decentralization small talk, lol. What a joke.

I made a mistake coming here into this thread. Sometimes it's better soemone doesn't know some details about a given thing, that's exactly such case.

Good luck, whoever is mining it.

[dragonmike]

Is anything being written on Discord? Can't access it as I'm at work.
Nothing's been communicated on Twitter either...

[boxalex]

whats the point of the high hash rates if all the coins go into a small amount of asic miners pockets?! whats stopping them from dumping at low prices, if they gained the coins so easily?!
ASIC miners are after profits only to cover their hardware costs asap. This is literally RAPING any coin that ASICS are capable of mining. That is not fair toward GPU miners, and the whole chain is at risk of being duped on.

All people crying about algo change are mainly people that have ASICS now. fuckem.

im with you in that.

truthfully im not pro GPU or pro asic. Im pro decentralization. Think about the logic. If people will need to buy a special dedicated equipment to mine something then it losses a lot of in total potential miners. Losses decentralization. I like cryptonight based coins because it is one of the most decentralized coin. Mineable by a regular pc and high end pc. Heck i even mine of a phone last yr.

Anyone want to argue that asic does not reduce decentralization can go to any crowd. ask them how many own a phone, a pc, some gpu, and finally ask them if they own an asic miner. I bet my bottom dollars more people will own a phone than a pc, more will own a pc without gpu than one with gpu. and more will own gpu than an asic miner.

but still some people will argue that asic miner does not threat decentralization. all i can say to them is please go back to pre school and learn basic math. maybe you cant add 1+1 yet.

If someone is pro pure decentralization only CPU mining makes sense, 1 PC = 1 Miner, nothing else. As soon as you have the possibility to hord whatever mining hardware on the base the more money investement the more hardware, the spirit is gone allready. I can't see a big difference btw. an Asic facility and a gpu facility.

So me personally is not taking this decentralization argument anymore when it's a choice btw. gpu or asic. Everything that is beyond cpu mining has lost it's decentralization argument. Just my 2 cents.

[RivAngE]

And where is Electroneums garantee that all these gpu's don't switch away if mining is no more that profitable or other coins are way more profitable? I bet the majority will leave the ETN
network in lightspeed forgetting about all his decentralization small talk, lol. What a joke.

Nicely constructed post, but I'd like to answer only the quoted part.
I'm sure you know it but maybe you forget it... if the price falls then some miners will ofcourse leave because they don't find this coin "profitable" to mine, okay. But after they leave there will be more coins for those who stay, so their "profitability" will stay about the same but at the same time they'll get paid in more ETNs. So the holders will be more profitable if the miners amount is reduced.

[kepas]

whats the point of the high hash rates if all the coins go into a small amount of asic miners pockets?! whats stopping them from dumping at low prices, if they gained the coins so easily?!
ASIC miners are after profits only to cover their hardware costs asap. This is literally RAPING any coin that ASICS are capable of mining. That is not fair toward GPU miners, and the whole chain is at risk of being duped on.

All people crying about algo change are mainly people that have ASICS now. fuckem.

This doesn't make sense to me.
the block time is fixed, just learned it, lol. So with a fixed block time the block reward is as well fixed. So each day a fixed amount of ETN goes to miners, no matter if Asic or whatever, right?
So the logical assumption is that no matter who gets them the same amount gets dropped on exchanges anyway.
Actually from my readings and knowledge Asics seem to be use less electricity compared to GPU mining. The coast of an Asic is from my knowledge as well well below of GPU mining rig so
the conclusion that an Asic miner is trying to cover his costs asap doesn't sound valid to me.

This here sounds all about mining profit, seriously. This is not decentralization from my readings here, it's protectionsim of a given group towards another.
All these hypothetical conspiracy theories that are far from being real life cases seem just to serve a given employee group to gain profit, or profit back, or whatever.
That's the impression i have reading through here while waiting for a working wallet.

How the hell it comes nobody asks the big stake holders? I mean there are people holding millions and billions of ETN, i myself hold a large portion of ETN, mostly bigger than 95% of the so
interested community members here. This doesn't look right to me, seriously.

And where is Electroneums garantee that all these gpu's don't switch away if mining is no more that profitable or other coins are way more profitable? I bet the majority will leave the ETN
network in lightspeed forgetting about all his decentralization small talk, lol. What a joke.

I made a mistake coming here into this thread. Sometimes it's better soemone doesn't know some details about a given thing, that's exactly such case.

Good luck, whoever is mining it.

it looks like you are an asic miner - so therefore, your reasoning is clear
you only can stop cry and go to other algos with your asic  

[kepas]

And where is Electroneums garantee that all these gpu's don't switch away if mining is no more that profitable or other coins are way more profitable? I bet the majority will leave the ETN
network in lightspeed forgetting about all his decentralization small talk, lol. What a joke.

Nicely constructed post, but I'd like to answer only the quoted part.
I'm sure you know it but maybe you forget it... if the price falls then some miners will ofcourse leave because they don't find this coin "profitable" to mine, okay. But after they leave there will be more coins for those who stay, so their "profitability" will stay about the same but at the same time they'll get paid in more ETNs. So the holders will be more profitable if the miners amount is reduced.

he just pretends he doesn't know it. he is asic miner 

[dndssc]

Monero's block 1539501 (after the ASICs were blocked) took 3.50 minutes.
Electroneum's block 307500 is 360 minutes in and still nothing.

I believe it's safe to assume that something has gone wrong. I can understand how the team must be like at the moment, they're probably too busy to update us but I hope they'd send someone to let us know on the status.

I want to return to mine ETN... now i'm mining XMR... but nanopool give me "low difficulty error"

[Sberex]

whats the point of the high hash rates if all the coins go into a small amount of asic miners pockets?! whats stopping them from dumping at low prices, if they gained the coins so easily?!
ASIC miners are after profits only to cover their hardware costs asap. This is literally RAPING any coin that ASICS are capable of mining. That is not fair toward GPU miners, and the whole chain is at risk of being duped on.

All people crying about algo change are mainly people that have ASICS now. fuckem.

This doesn't make sense to me.
the block time is fixed, just learned it, lol. So with a fixed block time the block reward is as well fixed. So each day a fixed amount of ETN goes to miners, no matter if Asic or whatever, right?
So the logical assumption is that no matter who gets them the same amount gets dropped on exchanges anyway.
Actually from my readings and knowledge Asics seem to be use less electricity compared to GPU mining. The coast of an Asic is from my knowledge as well well below of GPU mining rig so
the conclusion that an Asic miner is trying to cover his costs asap doesn't sound valid to me.

This here sounds all about mining profit, seriously. This is not decentralization from my readings here, it's protectionsim of a given group towards another.
All these hypothetical conspiracy theories that are far from being real life cases seem just to serve a given employee group to gain profit, or profit back, or whatever.
That's the impression i have reading through here while waiting for a working wallet.

How the hell it comes nobody asks the big stake holders? I mean there are people holding millions and billions of ETN, i myself hold a large portion of ETN, mostly bigger than 95% of the so
interested community members here. This doesn't look right to me, seriously.

And where is Electroneums garantee that all these gpu's don't switch away if mining is no more that profitable or other coins are way more profitable? I bet the majority will leave the ETN
network in lightspeed forgetting about all his decentralization small talk, lol. What a joke.

I made a mistake coming here into this thread. Sometimes it's better soemone doesn't know some details about a given thing, that's exactly such case.

Good luck, whoever is mining it.

it looks like you are an asic miner - so therefore, your reasoning is clear
you only can stop cry and go to other algos with your asic  

ETN ASIC fork exists here: https://electroneum.miningpoolhub.com/



and it has 800 MH/s  



So there are two ETNs already for GPU and for ASICs...

[kepas]

and it has 800 MH/s 

no, it has not 800 MH/s  - it is some bug of MPH, it always shows half of real hashrate

[kepas]

here are real asics Hash Rate: 1.60 GH/sec
http://etn.fairhash.org/#

[Sberex]

and it has 800 MH/s 

no, it has not 800 MH/s  - it is some bug of MPH, it always shows half of real hashrate

Yes, you are right it's about 1,6 GH/s and it is still mining blocks.

[MinermanNC]

So the fork was a dud? lol thought I would be mining ETN again today 

[kepas]

So the fork was a dud? lol thought I would be mining ETN again today  

no, its not dud... read all carefully on this pool, its for asics:

Due to uncertain outcome of ongoing ETN fork and the fact that ASICs cannot mine on the new blockchain anyway, we have decided to switch this pool back to the old blockchain. WE stroingly recommend ALL miners to move to other coins. Most likely outcome is that all mined blocks after 307500 will be useless.

[RivAngE]

I wouldn't bother mining in MPH at the moment since their chain could be labeled as orphan. Maybe something went wrong with the upgrade though and we get another date for the fork.
In that case their chain will be okay.

[boxalex]

he just pretends he doesn't know it. he is asic miner 

whatever you want, i don't care, but as always on forums when arguments fail it's time for accusations and name calling. No problem at all.
I won't discuss your pseudo decentralization issue anymore. Be it like it is.

All i want to know actually is when will the wallet work again .....