Electroneum, any good?

Updated 25th Feb 2019
Instead of mobile mining they're now using cloud mining which is good because your phone doesn't have to get heated and it can operate for 7 days before you need to activate it again to prove you're human and not a bot. I'm a bit sceptical about the selfies to prooove you're human though. You also have to wait til it reaches 100 ETN for a payout instead of 10 but at the current rate it is worth it. The company have also created a mobile that can do Etn payments like a debit card payment in Africa so this may have a lot of potential for currencies with issues and you help people from developing areas.

Original post below
Someone enthusiastically told me about a cryptocurrency and how it could be good recently, so I looked into it and thought I’d give it a go since there is no investment needed upfront because they’ve made an app that mines (gets the currency ETN) it is not technically mining on the phone I think it is just connected to their servers that is mining on your behalf but either way it does produce ETN once you’ve set up the app and it can run in the background but does use up your phone battery.

The Benefits

It is free cryptocurrency so why not take advantage?It is meant to be spendable soon through many places (coffee, shopping)It could increase its valueNo investment needed the app just producesIt is meant to help economies that don’t have a stable economy but many people do have phones to take advantage of the situation and have an online account or way or transferring money and paying for goodsIt is backed by someone who has a successful gaming business alreadyIt is going to be linked to gaming soon according to the developersThe more people join the more the value should increase

The disadvantages

Apparently the people behind it have hyped it up so much that it seems too good to be trueThe amount of interest was supposedly faked through Facebook accountsThere is a lot more currency available in comparison to BitcoinFor all the claims it hasn’t increased yet as much as they are expectingYour battery will drain fasterPeople believed it will be inflated and then dumpedApparently the developers want to expand into too many different areas

The points mentioned are just from what people have been saying and believe so it’s up to you to way up the pro’s and con’s. I am in no way encouraging investment but the app is free and the mining (gets you ETN free).

If you do get the app there’s a referral system so use me by entering my code: BDE7F5

Lets do this!

I get 5% for everything you mine and you get 1% for everything you mine (I think it is added up when you reach the fresh hold of £10) I am not sure but still no harm in getting more for yourself and more for me.