Electroneum ETN is a bit of a newcomer to the cryptocurrency world. Naturally, Electroneum mining topics is new as well. Today, it is the 77 th largest digital currency.
The idea of Electroneum is to make cryptocurrency available to everyone. The team behind the project has created very easy to use software and made it available on lots of different devices. Both mobile phone and computer users can set up the software needed to mine Electroneum with just a few clicks. How does Electroneum mining work? What software do I need? How do I get started? How much money can I make being an Electroneum miner?
This guide will serve as your entry into Electroneum mining and probably cryptocurrency mining in general. This is because Electroneum is one of the easiest digital currencies to mine. Before we get down to business though, you should know that there are so much easier ways to obtain Electroneum cryptocurrency. Simply choose a reliable cryptocurrency exchange and buy it instantly. Best For. Operating Countries. Latest Coupons. Before going into Electroneum mining, let's start with the basics.
Electroneum is a cryptocurrency that is based on another digital coin called Monero XMR. It is used to make payments from one person to another. The best and possibly world-changing part about digital currencies like Electroneum, Monero, and particularly Bitcoin is that no one needs to give you permission to use them. All you need is an internet connection and a wallet address. Don't miss this limited-time opportunity that's only available for our readers. Like Monero, privacy is a very important part of the Electroneum project.
Balances are impossible to look up and no one can tell which wallet a transaction has come from. This means that a user can tell if a Bitcoin was involved in a crime. This is a bad quality for money to have. For example, you might receive a Bitcoin that someone once used to buy drugs or indecent material.
Even if you received it for something as innocent as selling something on OpenBazaar , when you try to spend the Bitcoin elsewhere, the receiver could decide to reject it. This means that both currencies can be considered fungible. Electroneum differs from Monero because the team behind it have tried to make it as easy to use as possible. The idea is that getting into cryptocurrency should be as simple as downloading an application to your computer or phone.
Today, it can be quite difficult to get hold of some cryptocurrency. This means that many people who want to get into crypto are put off by the various steps it can take. Then there are the fees. Services like Coinbase charge large fees for buying cryptocurrencies. This makes it even less likely that poorer users in developing nations would buy digital currencies.
This is unfortunate because digital currencies could have some of the greatest impacts in these countries. Lots of people in these nations might not have bank accounts, but a lot of people in them do have a mobile phone. Therefore, the team behind Electroneum has been keen to develop applications suitable for phone users to mine Electroneum on, as well as to send and receive it.
Before I get started with the full Electroneum mining guide, you first need to understand what mining cryptocurrency actually is. Mining is the process of verifying transactions between different users of a cryptocurrency. For doing this work, miners are rewarded with coins. The coins come from a block reward more on this later and the fees included with transactions. The fact that miners earn money for the act of mining is important to stop nodes joining together and attacking the network.
Use no if unknown. You need Windows 10 to use fast memory without UAC elevation. I would also like to find a solution to this as I am struggling to get past this message: Elevating due to Windows 7 or 8. You need Windows What should I do? Followed the setup above and no good. Can you please tell me if something is wrong? Is there something wrong with the fork? Or has the balanced transferred somewhere else? You would think you would get something in 24 hours.
Pending Balance: 0. Your effective hashrate will always be displayed in your miner software Total Hashes Submitted: The difficulty is extremely high right now due to the effects of ASICS leaving the network after the fork, as you can see here. So even the guys with large GPU rigs and lots of hashing power are not getting much. However, the difficulty should start getting back to normal again after block You can keep an eye on the current block height here.
Also, at the moment Nanopool has nearly three-quarters of the total hashing power due to the team pointing a lot of hashing power at them to get through this high difficulty stage. So they are finding all the blocks, and other pools are getting nothing. But after the difficulty starts reducing things will get back to normal. It just says binding CPU thread and then no hash rates or results. Any reason why this is happening?
Does Electroneum pool miner V1. Or is an update required? Not getting any shares submitted. No, it stopped working. The software has also been taken down. Switch to xmr-stak instead. The Electroneum pool miner is no longer working after the fork. Use xmr-stak instead. I followed the steps, but my miner output shows nothing. What might be the issue? I can mine it easily on my desktop. No, as far as I can tell it is now obsolete. What do you mean mining shares?
The balance was probably paid to your wallet address. Take not that shares do not equal the amount of ETN you will receive. Hi, please help. It works for the rest of us. Have you tried adding an exception to the miner in your antivirus software? I registered on Electroneum and started mining with my mobile. Saw results in a week and my wallet was updating properly. Now I have a laptop and a computer.
Will all 3 my miners mobile, laptop, and desktop add mined ETN coins on the same wallet, or do you suggest all to be on different wallets? One wallet is fine for all of them. All three miners will simply perform a transfer from their wallet to yours, so it will work fine. It depends on the current difficulty a measure of how many miners are mining worldwide and the specs of your PC. Do you think I can make same amount or more with my laptop?
Right now there are almost certainly some ASICs mining, driving up the difficulty and making it hard for ordinary users to mine. Would I get more results if I used multiple mobile devices with the same account?
Or I need to use different account for each device? Thanks for your reply. Collected some coins nearly 10 , and until now it works quite good. Is there any update, when Electroneum mobile miner will be available for iOS? Or is it possible to install it now with Appvalley or something like that? This is true. Hello Ben! The team is still working on getting payments through.
There were some problems that arose from high traffic on the ETN blockchain. Some people said that logging out of the app and then logging back in solves the problem for them.
I have only mined 0. Tried both suggested Easyhash pools. Is the high difficulty situation temporary, or is it expected to continue …. This is an important step, as it sort-of levels the playing field and prevents all the mining power from getting into the hands of a select few who own ASICs.
The two does not compare at all, and the difficulty on one does not influence the difficulty on the other. So keep that in mind when comparing your profits. Can anyone tell me why? I have the same problem. I even tried to give the. A little help would be great! I set up the miner put in the required fields and click start mining. No hash rate or miner status. I am new and I need help. Have you tried to put an exception in your firewall and anti-virus software for electroneumd. The mobile miner seems to have stopped working for me.
It made six payouts without issue, but is now stuck with a pending balance of 30 ETN. I was asked to fill out a form a few different times, which I did. I have deleted and uninstalled my antivirus and switched off my firewall after making the exception did not work.
Has anyone worked this problem out yet? I have mined some Electromeum which is sitting in my offline wallet. But nothing got transferred. Is there a limit before you can transfer since I only have 40ETN?
Just keep on trying to see if it works. Any help on this? Using Windows 7 with 64 bit. I need advice. My miner is not showing a hash rate, total share, or bad share. You will probably need to download a full miner node from the Electroneum downloads page. There is no graphical interface created for Linux. A share only represents the amount of work you have contributed to the pool you are mining to. The best method is to play around with these settings and see which one gives you the highest hash rate.
All the settings will work on your computer, but the right setting will make it run optimally. Hello Benjamin, I am using a mobile phone and a computer to mine coins.
My mobile phone is a cheap Samsung and mines at a Hash Rate or 3 or 4, very slow. I have been mining a week and it shows I have 4. My computer mines at a hash rate of between 40 and The Easy Hash shows I have a balance of 3. I thought my computer would generate a lot more with a decent Hash rate.
If you can think of anything I might be doing wrong I would be very happy for your ideas or assistance. Mobiles and computers mine on two very different interfaces, so their hash rates have no correlation. Yes, you can mine to your mobile wallet, which will make both your computer and mobile mine to the same wallet. The balance in Easyhash will get transferred to your chosen wallet when the amount reaches the payment threshold.
Then the ETN should reflect in your mobile wallet. The app uses very little resources to run. It will probably use fewer resources than your browser, Facebook, or Whatsapp. The app will not damage any part of the phone since it is not performing any calculations or using any intensive resources.
But remember that the mining pool also has a payment threshold differs from one pool to another. So your payment will only be paid out once the mined balance on the pool reaches that threshold. My balance has been stuck at 9. That led me to believe something else is broken. Wallet address is correct as it is showing up on my stats page as hashing, but the only payouts I seem to be getting are from the Windows and mobile miner.
Right now they are shut down so I can really see that nothing is being mined with the Ethos rig. What is going on here? How to withdraw mobile mined ETN to an exchange or another wallet? I have no idea. Can you explain? When depositing with an exchange, you will get a wallet address and a payment ID. In the Electroneum app, click on Send, then scan those two QR codes give to you by the exchange. Also enter how much ETN you wish to send. I use the wallet address from my registration on Electroneum.
But when I looked at my stats on easyhash. Is it the same wallet? Can I mine to one wallet address, common for my mobile app and desktop? Easyhash will only pay out when your mined balance exceeds a certain threshold.
Not sure what this value is. Just be patient, it will come. I think this is the same as mine. I have followed all of your instructions. All of these new programs are suspicious to Windows security because they are not known yet. Very few people have installed miners on their computers, compared to the overall number of Windows users. It will take some time for these programs to be considered safe by antivirus programs.
But you can be sure that it is safe. I got 5 ETN in two days. Mobiles and computers mine on two different pools. So the amount of users on the computer side does not affect the payout on the mobile side and visa versa. The computer payment rate is governed by the mining difficulty while the mobile payment rate is governed by an algorithm managed by the team.
You cannot compare the two. The difficulty is the same across the entire mining network. A pool that has more users might mine more blocks, but then the rewards are divided amongst just as many people. It all evens out in the end. The best way to mine faster is to play around with the thread settings or getting faster hardware. The most common problem is that your anti-virus is preventing the miner from communicating with the internet.
Make an exception in your antivirus and firewall for electroneumd. But I just use it and installed. I exited my anti-virus but still no changes. What can I do please help? You need to create an exception in your anti-virus as well as in your firewall. Most probably due to your anti-virus. Can you help me? Waiting for the response? The miner is having problems communicating with the internet due to your anti-virus.
Create an exception for the electroneumd. The output rate keeps changing as the team understands the average miner better. It has increased again yesterday. What to do now? And as expected, even with my gaming i5 CPU, the hash rate is only With over 50 billion coins I wonder how high it will go. Price will only rise with mass adoption of the payments in the west. Mass poor markets are irrelevant since they have no buying power and may even drag the price down as they use ETN to pay, after which the networks then redeem ETN for fiat.
XRP and Stellar are much better options at this stage at least. But I agree with you. If the mass markets keep paying their carriers with ETN and the carriers then sell those for fiat, that will only drive down the price. This will enable people in the Western world to also spend their ETN on stuff online but will create the same selling cycle as merchants cash out.
There needs to be some incentive for merchants and networks to keep those coins or pay with ETN for other services. Understandably, the point of ETN is not to drive up the price, but rather to introduce the world to crypto and create a transactional coin free from government interference. That will happen, in third-world countries at least, as people each get their hands on a few coins through mobile mining, that they can trade between one another, at least just in a bartering sort-of way.
No antivirus, no firewall, right address. What is wrong? Installation Get this app while signed in to your Microsoft account and install on up to ten Windows 10 devices.
Accessibility The product developer believes this product meets accessibility requirements, making it easier for everyone to use. Language supported English United States. Seizure warnings Photosensitive seizure warning.
Report this product Report this app to Microsoft Thanks for reporting your concern. Our team will review it and, if necessary, take action. Sign in to report this app to Microsoft. Report this app to Microsoft. Report this app to Microsoft Potential violation Offensive content Child exploitation Malware or virus Privacy concerns Misleading app Poor performance. They have a global server base, meaning you can mine from anywhere in the world.
Fairhash is a Russia-based mining pool but has global servers for miners around the world. This ETN mining pool has a hashrate lower than 10 percent of the entire network and only finds blocks every hour. Spacepools is one of the oldest Electroneum mining pools. However, one of the most standout features of this pool is they only charge a 0. Electroneum is a mobile-based blockchain that implemented an instant payment system.
Its focus is to develop a fast and secure network to cater to the unbanked population. You can mine Electroneum through your mobile phone and through your computer. You can mine Electroneum solo, but it may years to get profits. So, the better way to mine is to join an ETN mining pool. You can calculate ETN mining profits by going to whattomine. After typing ETN, go input your hash rate, power, and electricity costs by kWh.
Then, you can see an estimate of your ETN mining profits. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. He works in the editorial aspects of the publication. His tasks include writing, overseeing the content team, setting goals, and approving content.
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Mining Table of contents What is Electroneum? What is Electroneum? How high can Electroneum price go? How can I mine Electroneum? How can I calculate Electroneum mining profits? What are good Electroneum mining pools? Follow us on Twitter , Telegram or Google News. Ezra Reguerra. About Us CoinQuora is an independent media organization that exists to inform and educate our readers regarding the latest news and updates in the crypto and blockchain industry.
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