Electroneum: New mobile airdropping miner is now LIVE! How it works and How to get it

Image source: https://electroneum.com/2017/11/21/electroneum-update/

So today is the day!

The creators, based in the UK, have launched their official mobile app that provides the user with free coins by ‘mining’ from your mobile phone. A working product!

How does it work?
So I say ‘mining’ because it doesn’t actually mine, it simulates mining by airdropping the ETN token (electroneum token). It will determine the hashrate of your phone based on their app, send this information to electroneum and the amount you ‘mine’ increases over time. Once you hit the threshold it will pay-out to your wallet.

The Benefits

As it’s simulated mining it does not drain your battery (no more than a normal app) or use much data. As the CEO (Richard Ells) said in a recent interview, the app sends data every-so-often to say “I’m here, mining, and my hash rate is x amount” and the app adjusts accordingly – hence small mobile data/wifi usage. One simple advantage is it’s a free airdrop/mining – good for less developed and more developed countries. One other thing…** IT IS A PRODUCT THAT HAS BEEN DELIVERED!** Many cryptocurrencies are no where near to a working product and will never reach one so this is a huge victory for the ETN team!

How do I know it will work?

I was lucky enough to get in the beta and have seen up to 2500 people online during the beta. I have yet to see any major complaints, only small things that seem to have been ironed out (the whole point of a beta!!). I wrote a quick review on it earlier (https://steemit.com/electroneum/@hmht1234/my-review-of-the-mobile-miner-beta-full-miner-release-tomorrow-electroneum)

This all sounds great – how do I get it?

1. You download the app from the play store (https://play.google.com/store/apps/details?id=com.electroneum.mobile)
2. Make an account for free – This creates a mobile wallet and an online wallet through the website. This is where the mined coins will go. Enter my referral code if you want to a chance for us both to win 5000 ETN. It is 6968E8
3. Simply click ‘start mining’ in the app and watch the number of coins increase!

Exchanges

So you like the project and want to get coins other than the mobile app? Well there several places to get ETN.
Current exchanges – according to coinmarketcap:

• Cryptopia (note: people have had issues recently so check this out first to see if they are still persisting)
• TradeOgre (recent listing)
• Qryptos (recent listing)
• Verbitcoin (recent listing)

Exchanges coming soon:

• Kucoin (I’m personally excited for this and have seen many people waiting to buy from here)
• HitBTC
• Next.exchange (I believe it is listed but the exchange is in beta – soon to come out of beta or has recently)

Want to find out more? Visit electroneum’s website https://electroneum.com/

You will find out more, such as; the deals they have signed, patents that will soon be announced (Dentons law firm) and new partnerships that will soon be announced (I believe in a recent interview one deal will provide access to a further 190 Million people… Bitcoin currently has 20-30 million regular users).
The main aim of electroneum is to be a platform for paying phone bills, with the intention of branching out to a general payment system for other items (e.g. bag of rice, bottle of water). This concludes with the ultimate aim of mass adoption - if this works it could be big in the future.

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As always my posts are from the research I have done and not financial advice – Dive down the rabbit hole and research it! It’s interesting!