I have the same question. The technology is great. Using smart contracts for loans, but I also need to see more of a use-case for the actual coin.

Perhaps if you could -only- use LEND for collateral.

Opening was $5.

I would say hold off on any external exchanges until there is a product first. (Too late, I know)

After you have a product (lending) each new exchange listing would generate a bump in price as the doors are opened to new investors.

Without the product first, the opposite happens as seen with current price.

Hoping for the best though!

Are we good to transfer to Coinexchange.

Says "wallet active", but when you go to deposit it says its in maintenance mode and to wait until it is active.

Bitcoin miner from 2013 (Bought a 7870 XT just to mine). Now mining with multiple rigs/asics.
Also trader on Bittrex, formely Bitfinex (because of trailing stop), sometimes Etherdelta for arbitrage.
Also long term HODL in good ICOs with good teams and good use-case for the coin.
Also lesser term HODL in lending ICO.
That's why I am in crypto, what about yourself?

Agree so much with this.

Product first -> then exchange -> then another exchange is the proper order to maximize value.

It's possible to make money with Ponzi, why do you think people keep coming back?

Look at BCC, REC, HXT. Anyone involved in those ICO did very well. I know I did.

I got my coins from the latest batch a few hours ago. You can configure it manually with the contract address as well.

I was waiting for the price to go back to $17, but I guess it's not anytime soon.

So I went ahead and sold 100 coins a couple minutes ago to get my investment back.

I sent the BTC to my Exodus wallet address.

Within 20 seconds of putting in my 2FA and clicking Withdraw from BTC Wallet, I heard that "coin drop" sound we Exodus users are all familiar with.

It was pending for about 2-3 minutes, and then I got my first confirmation on BlockCypher and now it's in my wallet.

Probably the fastest BTC send/receive I have experienced this year.

At this point I would say Hextracoin has their game together.

Try it now.

What's the latest news coming out of these guys?

Some Novaexchange/Coinexchange news could help price.

This ^

All crypto lending programs are Ponzis. https://en.wikipedia.org/wiki/Ponzi_scheme

When you see keywords like "volatility trading bot", "cryptocurrency tumbler", or "reselling and logistics of diodes and laser based electronic components to high demand areas", those are all fronts.

These programs are all funded simply by future investments. That's how you are paid.

These programs are able to sustain from "Deposits", "Reinvestments", and "Referrals" which equal more Deposits and Reinvestments.

That being said, it doesn't mean that these platforms can't be profitable for you.

It just means to make sure you see through the BS and know what you are getting involved in.

Those that blindly believe and trust these "companies" will get burned.

Those who play the game, and understand the risk should be fine. There will be winners and losers.

Generally lending platforms backed by a coin have lasted longer.

Lastly, never put in more than you are willing to lose.

Hextra seems to be a good investment so far, let's see how the withdrawals work out on the 9th.

To everyone who has invested, Good luck!

I don't think miners got enormous gains. There are things to consider like equipment cost and electricity cost. Nobody mining got rich. Now if they HODL the coin and goes to 50 cent in a year, they will do well.

If anyone got an enormous gain it would be anyone who logged into Cryptopia and purchased ETN when it was 400 Satoshis and then sold when it went up to 800 Satoshis. That 100% gain.

Or anyone who bought at 700 and sold at 800 the more than 10x it traded sideways the first few days. Or 600 to 700, 500 to 600 and so on.

Plenty of money to be made for everyone during this launch so far.

If you already have an AMD rig, CryptoNight has now become the most profitable algorithm to mine and still is today. Most of the profits were in the first 2 days. For example. I have a rig that has 8x Sapphire Nitro 580+. With the current difficulty of Ethereum and lack of rise in price, i usually get like $12 or so a day. When electroneum dropped, I mined it for about 24 hours with 0 rewards. Then the next day I simply installed Nicehash and was now getting like $25 to $28 a day from that one rig. That's more than double in profitability. Now I have some 8x nVidia rigs. For some reason those are still more profitable mining the Ethash algorithm.

Do your research and find out what works for you. If you already have the equipment it can certainly still be worth it. Would I recommend going out and building a rig at this point, no.

If you attempted, you would see the following message: WARNING! Please do not mine to your Cryptopia addresses, We do not support transactions from pools like P2Pool etc.

It has been widely reported thoroughly through this thread and the last thread that there are issues with mining.

At least with US Pools.

If profits are your concern, you can use something like Nicehash where the configuration is done on their end and other users pay to use your hashing power to mine electroneum or any other coin.

That was the only solution that worked for me and a few others I have seen in the thread. This is a stopgap solution until the pool issues are resolved.

Everyone still has an outlet to be compensated for mining. You just have to read through the thread. If you have AMD rigs and they are mining Ethash right now I highly suggest you to switch them.

Thanks for that! I corrected my first line accordingly.

^ This guy pretty much summed it up, although we don't know for sure exactly what NiceHash does with the coins. They could be HODLing them and paying out BTC from their reserves for all we know. Correction: Users buy the hashpower and point it at the pool of their choice. In this case Electroneum which increases the demand for the CryptoNight algorithm.

NiceHash is software that will automatically mine the most profitable coin by algorithm for your hardware. In this case we are talking the CryptoNight algorithm.

Since Electroneum was the most profitable coin to mine (for AMD at least), it will add more hashpower to the blockchain, which is the point to mining.

You pretty much lend your hash power to NiceHash and they handle all of the configuration on their end.

So instead of mining for 24 hours on the official pools and receiving 0 coins which is what happened to me, I can still mine the blockchain and receive compensation. That's how mining is supposed to work, but at the moment it is broken for some.

I would consider myself an expert level miner (had no issue whatsoever with configuring CPU/GPU mining, paper wallet, and importing into command-line wallet within 20 minutes, and with extensive troubleshooting could not see pending coins after 24 hours of mining) so I can see how those new to the game would have issues.

NiceHash is simply the stopgap until those mining issues (not everyone is experiencing, but many are, are resolved)

I can agree that without NiceHash the total hashrate would be lower because people who don't know about Electroneum at all are helping to mine it now.

Not sure if a higher hashrate is a good thing or a bad thing in the developers eyes. If there is an actual use case for the blockchain then I see it as a good thing.

I think the dev and community determines the price in the long term.

As far as a possible dump when the mobile wallets are unlocked, it's going to be purely on those figures in my post above.

These miners who have mined it see it as being worth 5 cent at the moment, that's what they are willing to pay on the exchange with 248 BTC Volume in the last 24 hours.

Those who purchased at the ICO and are looking for a quick return will see it as being worth (Greater > 1 cent).

I think it comes down to the amount of coins in the mobile wallets that will be dumped (some will be held) vs the amount already being exchanged (some mined were not put on Cryptopia)

Long term price of course is dependent on the product.

The idea of the gaming console mining app could certainly open doors to cryptocurrency/mining for those who might otherwise not have any real means to it.

If the developers vision is realized and these apps (mobile/gaming console) become mass adopted and a household name like Angry Birds or Candy Crush I could certainly see it being in the top 5 by Market Cap, if not top 3.

That's a big if though. Lots of potential. Let's see what happens.

To be honest, I don't think it will hit 1 cent.

Do we know how many coins were sold as part of the presale compared to how many coins are on the market right now (mined and on Cryptopia)?

Once we have both of those figures we can have a rough idea of where the price may go.

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.