Hello! I would like to know your opinion on Axentro mining, I am not a professional in such matters, I am going to start mining Axentro token, is there someone who has already done this or is still doing it and is it useful?
Read my previous posts on that matter.
Running a full public node is still not possible.
[ 2021-02-11 13:37:34 -- Erro ] attempt to join the network was rejected.
[ 2021-02-11 13:37:34 -- Erro ] the reason: node connections are disabled for this node: access is restricted for this node while we work on improvements
[ 2021-02-11 13:37:34 -- Erro ] the node will be exited with -1.
IMO mining without one does not make sense economically with reward distribution heavily weighted towards node owner.
Also the github gives false info (
https://github.com/Axentro/guide), things dont add up.
Developer fund: 10,000,000 AXNT
Total mineable: 20,000,000 AXNT
Total non-mineable: 15,000,000 AXNT
Total Supply: 45,000,000 AXNT
Yet these 6 addressess hold premined coins with a total of 25,000,000 AXNT
https://explorer.axentro.io/transactions/fd54cbeda5fe552fafcd197e835c75f068577b5e850272ffa494273cdfa1346cSo the truth is about 25.000.000 XANT were premined, and that should be the total non-minable AXNT.
In addition the coin owner is harvesting coins like crazy, currently earning over 80 AXNT every hour just for running the node while a miner with mid range CPU (Ryzen 3800X) will earn 0.2 AXN per hour.
Here are three of the addresses that acted as full node and received mining rewars. It is save to asume these wallets belong to the coin owner as he is the only one who can run a full public and minable node. Technically speaking these are alsoo premined coins.
https://explorer.axentro.io/address/TTA4YzZjN2U2OTAyOWEwY2NkYjBkNDM1ODljMDMzYmE4OThlMjk2YTNhYTk4OTAx - 52638 AXNT
https://explorer.axentro.io/address/TTAzMGE2MmI1ZTk0NmI1ODZiNjFjNWM1OWE3YjMyZTY3YTY0OTQzMzJlMjhiZmU3 - 52641 AXNT
https://explorer.axentro.io/address/TTAzNjhjNzgyNzA2MDU5NGQyZWYyN2I3NGUyM2YyMDIwZDNkZmIyMzE4MTc2NDVi - 15224 AXNT
to sum it up, i would not recommend anyone to buy or mine this coin unless the owners start to communicate, fixes the fundamentals like having a dezentralized blockchain working and restarts at block zero. I would also avoid any exchange that lists this coin in its current state.