Why are we not able to mine in the US? I mined for 6 hours and submitted 8682884 hashes but I received nothing...
I mined all day on the launch day with 7300 h/s and got nothing to show for it.
The next day I switched to NiceHash. You won't get electroneum but essentially your hashing power will be used to help someone else get electroneum.
You will still be helping the electroneum blockchain, the mining will just be managed and compensated by NiceHash with BTC instead.
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
nicehash is a mining service (google NiceHash) and people point their mining rigs at nicehash and nicehash redirects to whatever_coin_is_most_profitable. (this is also why as soon as nicehash supported ETN the network hashrate jumped from 10MH to 150MH in a matter of a few hours). so when you're mining to 'nicehash', you're not mining the coins directly. you pick the algorithm best for your rigs, and nicehash basically acts as a proxy to the most profitable blockchain, nicehash gets the mining rewards (in this case ETN since ETN is most profitable right now), and nicehash auto-dumps all the rewards on the exchange for BTC and pays the miners in BTC. so again thats why the network hashrate skyrocketed, and its also why the coin is drasticallly dropping in price fast because nicehash auto dumps all rewards on the exchange immediately into BTC and pays the miners in BTC (while keeping a nice chunk for themselves too). many people like using nicehash for it's auto-switching capabilities to auto switch to the most profitable coins so they can just set-it-and-forget-it and basically sit back while BTC accumulates in their wallets.