Hey everyone. Well this is interesting. I have been on Mithril for around three weeks now and have already accrued around 5 Mithril which is not bad for just posting pics. Literally all you do is post pics and get paid, but more on that and the latest update tomorrow. A few of the folks there posted pics of their electroneum accounts regularly so I had to take a closer look and so I did. Anyone that has a general idea about crypto's has heard about Electroneum and I had before too a few times, so with all the 'hype' I had to explore further.
I went to google playstore downloaded the app and started 'mining' from my cell phone. It is said to be 'simulated mining' yet you still get the tangible coins and so I have!
Here I took a screen shot of the landing/mining page, in a day odd I had already earned around just under 10 ETN which is around $.20 not bad for doing nothing.
The settings page.
This whole concept is rather new and interesting and literally seems as if you are pulling money off trees, literally. All you need to do is download the app click 'start mining' and that is it. A few words of advice though it does consume quiet a lot of battery power so I would recommend doing this overnight and whilst your phone is plugged in as well as an uncapped internet connection is probably preferable!
The general details page, pricing, volume etc
The Wallet where you can send, receive ETN as with all other crypto wallets exactly the same rules apply!
My thoughts with the whole thing is do it for a few months see what happens to the price and take it from there. Currently the ETN price is only at about 2c but when bitcoin first started it was around there too, so who knows where it will be in a year or two and secondly it takes no work at all just make sure to 'start mining' when your phone is plugged in and on wifi uncapped and stop when you are not (unless you have a good battery that lasts and large data volumes on your phone) keep me posted.
Electroneum like a few other alt coins have referral programs too so be sure to sign up get 'mining' put in my ref code as FAB835 and get an extra 1% naturally this helps me too. Initially I was referred and did not put in the referral code but you can also do that after the fact from the settings page.
Cheer$;)
how is the temperature of your phone while you do it? I would not like it on my phone :-) I also wuld be afraid to forget to put it on wifi haha and would be roaming all night.
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Alooo hehe long time are you well? .. its simulated mining so no change at all the phone is fine ;)
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simulated ? what the heck is the purpose of that?
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In the app, you'll see that your device gets a rating and your payout is based on this rating. They don't need to use your device for mining because well, mobile devices are general purpose devices and doing proof-of-work kind of pointless busy-work calculations is a waste of a general purpose machine. Your phone would get hot, and it won't be able to compete with a specialised mining rig.
Mining happens server-side, on Electroneum's own servers. They just want to ensure that they do pay out mining rewards to people who are going to make use of Electroneum as either a store of value or as a currency.
Your device does simulated mining, so you don't have to compete with bad-ass machines. Real mining occurs on Electroneum's servers, and you get payouts only once a minimum level of mining has been reached. It's load balancing, that's all.
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Well thats just it if you download the app you will see. They say simulated but you get the real 'mined coins' It works all im saying :)
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hmm no thx I do not trust that. :-)
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Hehe 137000 odd folks do ;)
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Seems like you were right.. I had a lot of mining happening there and they haven't paid out yet. It just disappeared. Anyway, deleted this app. Cheers electroneum.
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I am fine btw ! :-) and you?
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As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
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You a versatile lad my boy! Thanks for the info. . . Glad you arriving shortly
Luv
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;)
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Sweet, thanks for this. I signed up and used your referral code.
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Sweet bruv hit me up there ill like your stuff
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Hey there!
Very interesting :)
But I don't seem to find the app on the app store?
Can somebody point me to the right direction or send a link?
Thanks! :)
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I know apple has issues Android works perfectly, are you using playstore? Playstore as far as I know still does not work!
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Yes I'm using the google playstore, but I already found my issue.
Was trying to get it on my tablet, but it will only be displayed for phone :/
But thanks nonetheless!
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Let us know how it goes ;)
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You got a 3.31% upvote from @postpromoter courtesy of @craigcryptoking!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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