It's too early to judge them, although they are not living up to our expectation this is the most hype coin last year and one of the most successful ICO too, but no Ico investors have lost here yet because at the current price it's the Ico price, and remember you have a bonus plus a referral earnings as well, let's wait a few more months.
Bitconnect and Tezos were pretty hyped up too, you know!
It's not a scam, the use of mobile phones for mining could be absolutely revolutionary for crypto if it is done properly, it would bring so many people in to the market who are interested in gaining some passive income.
Except it's not done properly, it's fully centralised, controlled by the dev team who can't barely pull a functional app out their backsides. And then to add insult to injury, they've allowed ASICs back on the network which shuts out GPU miners and is another step away from decentralisation.
The hash power was TOO CENTRALIZED without the ASICs that why they switched back.
ETN will be in the top 10 withing 12-24 months
And where do you think the MC of all cryptos will be at by then?
And ETN is at ICO prices? Do the math on the ROI
If you just believe everything they say on Twitter and their blog then that's why you think that way. The hashrate flip-flopped because the only way to make money was to wait for the difficulty to fall then get back on it. Here's the thing, people don't like wasting their electricity and losing money just to support a network - that's why all the GPU miners left. Obviously the fanboys called it greedy but then they're just sitting there with a few thousand ETN counting the days til their Lambo arrives, not helping in any way whatsoever.
How exactly are ASICs not centralised? Who owns them? Do you own one? People will only mine when the going is good, even ASIC miners, they're owned by mostly by big entities - they can mine with them but they're cashing out anyway, they're not holding.
ETN will never be in the top 10 within 12-24 months, there are tons of more promising projects with much more competence out there. This thing is literally in a death spiral because
people do not mine a currency if they are effectively losing money. The only people who 'believe' are the majority of social media users who are too stupid to even understand crypto or how it works, they can't even tell you what real mining is - there's dumbing things down for the layperson then there's this which is a horrendous over-simplification of the entire ecosystem.
ETN is below ICO prices. What 'math on ROI', if you think it's going to the moon then you should be snapping it up right now while everyone else is dumping. The daily trade volume is so low all it'll take is one person to make a big move and it'll rock everything.
Come back and tell me I'm wrong in 12-24 months. I honestly think all they are doing is clinging on until November when they can get access to the ICO funds. And I hope Ells and his crew of marketeers get properly burned for this, you can't mismanage a project this badly in the UK and think you can make off scot-free. To call this 'the first British cryptocurrency' is a total embarrassment to me as a British national.