Im confused as to what you mean by this.
Can you or others that do understand, please explain in more detail.
"You wont get ETN, but will help others get ETN" is what Im confused on
Can you or others that do understand, please explain in more detail.
"You wont get ETN, but will help others get ETN" is what Im confused on
Contraband, can you please comment on the issue with the mining pools and mined blocks being stuck in a limbo?
Few people have been trying to get your attention to this issue and so far all the messages have successfully been ignored.
Thank you.
yea i was wondering the same thing. many miners pointed their rigs are the broken uspool electroneum pool servers. what didnt make sense to me is when i had all 3 website stats up simultenously, and uspool seemed 'stuck', i would monitor the 'Electroneum Pool Network' and 'This Pool' stats simultaneously across them (these stats represents all 3 pools in the Electroneum Pool Network, not the entire blockchain network), and in high frequency it would say 'block found: x minutes ago', but if you looked at eupool and asiapool those pools wouldnt have updated their 'THIS POOL: bound found: x minutes ago' but uspool was not updating 'this pool' at all or rewarding its miners. In other words, it does seem like mining on uspool WAS finding blocks, however the pool itself completely stopped updating its stats and blocks found and it was not appropriately rewarding the miners with those blocks. (in other words, a major failure OR a scam pool). So basically I'm also wondering wth is going on here and whether or not those miners are going to get the rewards they deserve.
It seems like they're holding funds from all official mining pools so they can sift ETN to pay ICO investors? Unlike ERC20 Tokens which can be issued with ease to ICO investors, Electroneum decided to use a fork of Monero which is based on Cryptonote tech, which means you cannot issue tokens, you have to mine them. I understand they pre-mined like 9 billion though? Or did they fuck up their pre-mine?
Maybe they fucked up with the pre-mine and are holding all official mining pools in order to pay ICO holders? Who knows I'm just being speculative here, but it's very odd that all official mining pools have stopped paying out miners, not to mention the ridiculous 4% mining fee! Should be max 2%.
What's even more surprising is that a ETN has a max supply of 21,000,000,000 which is mind blowing considering the price is .09 right now. This coin should be well less then a cent based on pure fundamentals, granted the sheer amount of noobs and hype around the coin has generated tons of interested. I do like the fact 237890132709437094327021 noobs are learning what the hell a wallet-cli is and are learning about mining and the pain staking process behind it though.
I doubt they would make such a mistake, but if what you said about the pre-mine is true, that means the coins already mined actually should worth a lot more right now. I don't know much about privacy coins. Is it possible to just examine the blockchain and see how many coins are in circulation?
The part about noobs learning is so true
As an old bitcoiner since 2011, always thought I should spend some time and learn about privacy coins such as XMR, but just too lazy to get started. Now that I have some experience with ETN, the skills can be transferred to XMR mining down the road.