*🏁UPDATE: CEO Rich Ells🏁 Electroneum will STOP "mobile mining" rewards soon.

[jacafbiz]

I am not surprise about this new development, this is a failed model from the start, I know some people feel like it is a novel idea but mobile phones are not designed for this purpose of mining and also with the inflation increasing per day and the price going south, they need readjustment to the mining to help save the price and the future of the project

[1714872098]

1714872098

[1714872098]

1714872098

[HunterUnchained]

What's their reason for wanting to stop their mobile mining feature which has proven to be highly successful? Most people got drawn to electroneum majorly because of the mobile mining and the fact that they could run a cloud mining program on electroneum and get some profits. It even became highly usable after the introduction of the mobile unit and data top up using electroneum, bringing in a large number of users in the process. It makes no sense that they will want to stop it now.

[timmmers]

And now tell me why this coin should stay alive? I thought that they built multimillion-dollar business on mobile phone mining, mining for everyone, its easy, everyone could start, then they allowed PC mining and that was the end. So I do not really see any reason why you should use / hold this coin. 

[contraband]

And now tell me why this coin should stay alive? I thought that they built multimillion-dollar business on mobile phone mining, mining for everyone, its easy, everyone could start, then they allowed PC mining and that was the end. So I do not really see any reason why you should use / hold this coin. 

What's their reason for wanting to stop their mobile mining feature which has proven to be highly successful? Most people got drawn to electroneum majorly because of the mobile mining and the fact that they could run a cloud mining program on electroneum and get some profits. It even became highly usable after the introduction of the mobile unit and data top up using electroneum, bringing in a large number of users in the process. It makes no sense that they will want to stop it now.

Here is all the answers to your questions.  Straight from the horses mouth

https://youtu.be/Kc7Tu0SWPdc

[coin-investor]

If it will stop mobile mining what kind of mining will remain to keep the chain going?

"Mobile mining" was always a simulated mining rewards program

The mining was primarily ASICs in the beginning, and then moved to the new Proof of Responsibility system, which relies on specific  NGOs to keep the chain going


https://steemit.com/bitcoin/@msystem/electroneum-s-moderated-blockchain-is-powered-by-their-unique-proof-of-responsibility

This is so interesting and will bring ETN to a new level on their game Ellis is talking something about never before implemented algo we'll see how this new algo will make an impact on ETN development and price, ETN price has been struggling ever since they really need something to kick up their project.

[shoreno]

And now tell me why this coin should stay alive? I thought that they built multimillion-dollar business on mobile phone mining, mining for everyone, its easy, everyone could start, then they allowed PC mining and that was the end. So I do not really see any reason why you should use / hold this coin. 

well etn is few of the coin out there  that is underated but does have a potential  . they have good number of users or supporters and that makes this coin alive  .  and what is that multimilion dollar business mining that your saying  ?  sounds exagerated but no they arent that huge enough to have like multimillion dollar  . earning on thier app is cheap or low profit afterall but i guess it can be a bit higher depending on your referal    . havent heard of thier pc mining tho  but i dont think that was the reason of thier closure

[contraband]

If it will stop mobile mining what kind of mining will remain to keep the chain going?

"Mobile mining" was always a simulated mining rewards program

The mining was primarily ASICs in the beginning, and then moved to the new Proof of Responsibility system, which relies on specific  NGOs to keep the chain going


https://steemit.com/bitcoin/@msystem/electroneum-s-moderated-blockchain-is-powered-by-their-unique-proof-of-responsibility

This is so interesting and will bring ETN to a new level on their game Ellis is talking something about never before implemented algo we'll see how this new algo will make an impact on ETN development and price, ETN price has been struggling ever since they really need something to kick up their project.

https://youtu.be/Kc7Tu0SWPdc

[contraband]

https://bitcointalk.org/index.php?topic=5248969.msg54444136#msg54444136


450% ROI in last 30 days!💪


Will it stop here?

[contraband]

They are focusing on anytask.com and have a few big announcements coming at the Anon Summit on May 19

It's for just 7 days! It will be interesting to see what will they announce. Anytask.com is an interesting project, I saw couple good reviews from first users. Definitely a good place for people with skills who have something to offer.
ETN is around for a while, and they are building a nice community. I think they can achieve some higher prices, and I got a bunch of ENT's sitting and waiting for that to happen!

Thoughts?

What effect will this have on the community?

How legit is this info, why not attach a link so that we can read the original article from the source? Also, When do they plan stopping the mobile mining? I doubt if it's true unless they have a better plan, the mobile mining was part of their project features. If this happens, I don't think it will have any significant effect on ETN price anyways.

Straight from Richard himself. It's part of Phase 2.

https://youtu.be/Kc7Tu0SWPdc


Learn the rest during his keynote speech at the Anon Summit May 19

https://hopin.to/events/anon-summit-2020?specinf=20868&utm_campaign=Electroneum%20Community%20Update%20-%20May%207th&utm_source=emailCampaign&utm_content=&utm_medium=email

Less than 24 hours now