Hii All, What's up?
Electroneum is a crypto payment project founded by Richard Ells that targets smartphone users for developing the world, has decided to allow ASIC mining again. The Electroneum fork took place on May 30th but takes few days to stabilize. It was one of the biggest update for Electroneum.
They have back again with ASIC mining for a better experience and hash rates. The problem was the Electroneum network had slow difficulty adjustment algorithm, and users had to wait for days until blocks could be produced based on the owners of PCs and GPU miners.
source: here
source: here
A Very good news is coming for the iOS users, Richard Ells has announced that Apple has accepted their proposal for Electroneum iOS beta version app.
Registration for the app is open from now until midnight on the 9th of July 2018 and is limited to one application per person.
They are able to have up to 10,000 people on their Testflight BETA program and it will be on the live Blockchain! They are developing a new way to mine from iOS, which will be so cool and engaging. However they are planning for allowing CLOUD mining access, and apple are comfortable with that. Electroneum cloud mining Should be ready to go in the coming months. If the plan will be success then they will take it across to Android as well.
you can participate by clicking here: https://docs.google.com/forms/d/e/1FAIpQLSfYx2FED9WgnMMZ_WoN_eaDbHxYhcuqH69bPjiaCsfnU71GYw/viewform
source:here
The price of ETN remains depressed, and despite recovering by some 20% over the past week, it has slid again, down 8% overnight to $0.012. The most optimistic predictions for ETN see the coin costing a few dollars, but for now, the asset trades on very low volumes, and the lack of enthusiasm keeps the price depressed.
Why the Electroneum price not raising?
Transaction: their team faced many technical issues regarding the transaction with mobile miners and exchanges such as Cryptopia and KuCoin. They have announced they have resolved the problem with Cryptopia and mobile mining but Kucoin withdrawal and deposit issue are still there. This is the main reason because Kucoin is the one of the top 5 worldwide exchange.
Technical Issue: ASIC mining and mobile mining was not working properly every hardware was getting the same hash rate whether you have 4GB RAM or 512 MB RAM of smartphones. They have back again with ASIC mining it will give you more hash rate and better experience with it.
Not listed on Big Exchange: Electroneum is still not listed on big exchanges such Binance, Bitmex etc. People are getting less amount that's why many people stopped mining it. Their Marketing team is very influencing but I think their technical team is not as efficient as they should be.
These are the few problems with Electroneum that I have observed if you have observed few more then feel free to share your opinion in the comment section----
I would say Please have patience, Electroneum will definitely gonna give us a good profit. Their team is very good and hardworking if you are on twitter then you can watch their live work. They are planning to list ETN on top 10 exchange soon.
DISCLAIMER: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on my researches. You should not take my opinion as financial advice. You should always do your research before making any investment. It is just an informative blog.
Thank you so much for reading have a safe investment and life :-)
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