The idea of Electroneum is to make cryptocurrency available to everyone. The team behind the project has created very easy-to-use software and made it available on lots of different devices. Both mobile phone and computer users can set up the software needed to mine Electroneum with just a few clicks.

Before we get down to business, though, you should know that there are so much easier ways to obtain Electroneum cryptocurrency. Simply choose a reliable cryptocurrency exchange and buy it instantly - Binance, Coinbase, and Kraken are three highly-recommended options.

Electroneum Pool Miner Download

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Before going into Electroneum mining, let's start with the basics. Electroneum is a cryptocurrency that is based on another digital coin called Monero (XMR). It is used to make payments from one person to another. The best (and possibly world-changing) part about digital currencies like Electroneum, Monero, and particularly Bitcoin is that no one needs to give you permission to use them. All you need is an internet connection and a wallet address.

Electroneum differs from Monero because the team behind it have tried to make it as easy to use as possible. The idea is that getting into cryptocurrency should be as simple as downloading an application to your computer or phone.

Then there are the fees. Services like Coinbase charge large fees for buying cryptocurrencies. This makes it even less likely that poorer users in developing nations would buy digital currencies. This is unfortunate because digital currencies could have some of the greatest impacts in these countries.

Lots of people in these nations might not have bank accounts, but a lot of people in them do have a mobile phone. Therefore, the team behind Electroneum has been keen to develop applications suitable for phone users to mine Electroneum on, as well as to send and receive it.

For doing this work, miners are rewarded with coins. The coins come from a block reward (more on this later), and the fees are included with transactions. The fact that miners earn money for the act of mining is important to stop nodes from joining together and attacking the network. It simply makes more economic sense to play by the rules than it does to try and cheat the network.

Electroneum uses a special ASIC-resistant mining code. This makes it different from Bitcoin, for example. In Bitcoin, users can use specialized pieces of hardware that are called ASICs. These chips are expensive to buy. This makes it impossible for every potential user of Bitcoin to run their own node, and mine the currency.

Thanks to the way that Electroneum has been designed, even mobile phones can mine it. It might only make the miner a few cents per day, but when you consider how many people in the world live on less than $2 a day, this can make a big difference.

The Electroneum mining reward goes to whichever miner (or pool of miners) solves a complex computer problem. If the reward is won by a pool, it is shared between that pool of users. As more and more miners start to attempt to solve this complex problem, they become more competitive. This means that it gets harder for each individual user to mine successfully.

Any user can win this reward. However, the more processing power (hashrate) a miner has, the more likely they are to solve the problem. Therefore, Electroneum mining pools are a good option for users mining on less powerful devices.

For most users, working as part of an Electroneum mining pool is the best option. It gives them consistent rewards and allows them to mine cryptocurrency without having to use special hardware.

Whichever option you decide to choose, once you mine ETN, you will need to get yourself a reliable wallet. Ledger Nano X and Trezor Model T are currently among the industry leaders.

The following step-by-step guides have been prepared to explain how to mine Electroneum to users who have never mined cryptocurrencies before. They are not the most profitable way, but they should serve as an excellent gateway to introduce people to mining. Unfortunately, this easy guide is only suitable for Windows users, at present.

Step 6: Provide your mobile phone number. Electroneum will then send a code to the number. This stops people from creating many different accounts. When it arrives, enter the code into the box on the registration page.

When Electroneum mining, the amount of ETN you can mine is going to depend on the kind of hardware you are using. Obviously, any Android phone will work, as well as CPUs and GPUs. Electroneum miners come in all shapes and sizes!

Since mobile phones are generally much less powerful than CPUs and certainly GPUs, it is unlikely that you will show pure profit mining Electroneum using a mobile phone. However, since the Electroneum platform targets developing nations, mobile mining could prove an excellent way to save some money on the cost of owning and using the mobile device in the first place.

Once again, if you decide that ETN mining is not for you, make sure to choose a reliable cryptocurrency exchange to get this coin. A few of the most recommended options include Binance, Coinbase, and KuCoin.

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That is normal for any mining program. If you have any anti-virus software (including Windows Defender) you will need to make an exclusion for the folder where you store the miner files. They will remove the executable files automatically forcing you to re-download it.

You want to stay in communication with the pool owner and other miners on the pool by joining their pool telegram channel. Once you rent the rig click on the details tab for that rig and watch his/her workers to make sure all is well.

mining and buying are two completely different things. Buying allows you to get as much as you want at market price. Mining has variables with electricity costs, which algo is being mined (in this specific form of mining) and how profitable the algo being mined is.

There are a lot of different cryptocurrencies out there that you can mine. Some are easier to mine, and some are more profitable, but all of them get you started in the world of blockchain and cryptocurrencies.

So, when the blockchain forked back in May 2018 to keep itself ASIC resistant following the release of CryptoNight ASIC miners it seemed like a good thing. It turned out not to be however, as the network saw too few GPU miners to remain secure. That led to the reintroduction of ASIC miners in July 2018.

Pool mining combines your resources with that of other miners, in some cases it could even be thousands of miners, to make it easier to find blocks and collect mining rewards. The downside of the mining pool is that you have to split the block reward with all the others mining in the pool. This means much smaller rewards for you, but at far more regular intervals, perhaps as often as every day.

Payout Scheme: There are various payout schemes, with some more geared towards luck, and others based strictly on even sharing of rewards. Which you choose is a personal preference because over the long term it all evens out.

They recently introduced California based servers, so they now have a global base of servers and you can mine with them from anywhere in the world. They are interesting in their use of a native token, the PIN, which is distributed to miners via airdrop on a daily basis.

There are other pools outside these five, but they have very few miners, and the hashrates are very low and can be quite choppy as well. You could try some, such as Easyhash, Miningpoolhub, Superpools and Hashvault to keep the hash power more decentralized, but understand that you might have to wait longer to find blocks and for payouts.

Choosing a good altcoin to mine can be confusing with so many options, but you could certainly do worse than choosing Electroneum. Despite allowing ASIC mining it remains a profitable coin if you have a high end GPU.

The price of Electroneum has also seen a nice boost higher in September and October 2018, despite the overall cryptocurrency markets remaining weak. This could be a sign of more good things to come, and having some Electroneum in your wallet if it rallies in 2019 could be a smart move.

I am sure you are aware of this, but for those who do not know, please allow me to enlighten you. F2Pool is notorious for mining empty blocks, it is not a secret, and they do not try to hide it. They are known for this type of activity all across the networks, they have done it to Bitcoin, Bitcoin Cash, Ethereum, Litecoin and the list goes on, if there was a way to stop them do not you think all those big coins/projects would have? There is no nuclear option on the block chain, and while there are some parameters that can be adjusted it is all band aid solutions.

The team is and the devs are well aware of what is happening to the blockchain and are actively working on a solution. If you have an idea please feel free to share it here, I will be more than happy to forward it to the devs and the team.

(I make it sound WAY easier than it would be to implement, but thats the whole point of this, to start this discussion now, because of we want this coin to succeed and grow to the levels they have dreamed about and pitched, you are going to need a blockchain processing WAY more transactions that what we have today, and if this is any indication of whats to come, this coin will struggle and choke itself to death from the greed of the lead pools attempting to profit without doing the work)

@Darkbane I am not an employee of ETN. I am just another community member trying to help and assist where I can. I have come across your posts and comments on Reddit in the past, and while not all were favorable, I know you were trying to keep things real and in perspective. I will be sure to pass your ideas up the chain of command. 152ee80cbc

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