About: Electroneum Mining & Bitcoin Mining Explained
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My status code is CA823B FOR ELECTRONEUM
Great explanation! I would love to have an ETN Miner!
Buying mining KIT at the moment at current prices for ETN is pretty pointless. Lets assume they charge $1000 for the X3, you could right now in one buy order buy 190K ETN, something that will take youi almost 1.5 years to mine - but actually it will take you much longer - as the DIFF of the network will increase and the amount of ETN you can mine per day will decrease. Also lets say ETN does take off in price in 6 months and doubles in price - you will have only mined 65K coins, as opposed to have boutght 190K in one hit - and doubled your money on that and not 65K. Investing in mining kit right now if a bad financial move (and I havent deducted the 20% fee you will be charged so your output is actually lower. Reality is - IF you own an X3 already and have taken a hit on the cost , then by all means if you have cheap power mine with it, but if you do the math - if you dont own an X3 - you are better off buying ETN right now. The economics of mining right now for new players don't make good financial sense i'm afraid. What Elevate are trying to do is a good thing in various aspects - but timing with current prices is just bad.
I have a small ETN farm. All rigs bought used, so I don’t deal with import issues & tariffs. Better experience than mining BTC, BCH or SiaCoin. (Besides, I’m very partial to ETN)
Don’t forget that the X3 is usually overclocked, so your numbers are low.
CPU = Central Processing Unit
GPU = Graphical Processing Unit
The ETN block reward is currently 7796.23. It’s dropping steadily as it was over 11000 in July 2018.
Nice video Rich 👌
Nice video. Very informative. Small correction: one does not solve an algorithm as you said at the beginning of the video. The algorithm is used to solve a calculation. Other than that, you are gold 👍🏽
100% etn go electroneum!!!
Rest in Peace, ETN.
Great stuff Rich, simply explained. So excited for ETN. The lid will blow off of this one day soon⚡
I'm writing as I just caught you saying ETN cloud miner monthly payment is roughly $30 just want to correct you it's now up to $3 a month
We have a crypto buisness school we are launching in Colorado .
We have office space. storage buildings . we would love your help .
We are in the heart of industrial hemp country .
Projects involving hempcrete cbd and fibers .
I have awsome space to host crypto workshops .
People could come for weeks or more at a time .
Let me know if you want to help host a work shop ....even if you skyped in it would be great .
For a small fee people could come study ...while actially mining for axtual crypto and building small crypto buisnesses .
Great job ...keep up the good videos
Great explanation of the types of mining available and how mining works in general.
Very insightful! Excited for the elevate beta results...fingers crossed!