In this opportunity we will talk about a cryptocurrency that is within the selective group of mobile mining, or what is equal to say ability to extract coins with your SmartPhone.
With the increasing popularity and use of crypts, the interest in obtaining it "free of charge" and without much effort, has grown over the years and therefore the search for economic solutions for its extraction have made few equipment of development have turned their eyes towards the possibility of obtaining a few "coins" with the apparatus of frequent and massive use worldwide: mobile phones.
Now while it is true that it is almost inaccessible due to the high cost of ASICs and GPUs for bitcoin mining and its main competencies in the top ten of the crypto-market, for the time being short-term solutions for the democratization of the ecosystem go through a handful of crypts that are possible extraction through mobile mining, but with the consequent risk of perhaps sacrificing the operability of it over time.
Electroneum is one of the cryptocurrencies and perhaps the only one, which can be obtained with a medium / high range phone, even though its performance is directly proportional to the potential characteristics of the clear mobile device.
If you have a dual-processor phone, 16 Gb of memory and 4 Gb of RAM, most likely after two days according to our tests, you can get a pair of ETN (Electroneum acronym) on your wallet, without having to stop using the Mobile, or better yet, while it remains in disuse.
According to its official website, Electroneum is designed to adapt massively and to be the mobile cryptocurrency that captures a potential market of more than 350 million users who own a SmartPhone worldwide, with sustained growth of more than 1.6 Millions of users could capitalize on a $ 3 trillion business opportunity of the new digital economic era of the millenium community for years to come.
Its strategy lies in the overcrowding and opportunity for the "non-banqueados" that have a SmartPhone to be able to obtain a few TNCs without risk or cost, thanks to links with mobile operators worldwide; that allow through an App previously installed and configured in a simple way mobile mining; in order that users can become familiar with Electroneum, see its potential for payments and thus be multipliers of the benefits and therefore support the growth of the community through the recommendation; In other words, they apply the basic concept of any marketing strategy: a happy customer, brings another potential customer to the business.
Electroneum is a cryptocurrency that was born in July of 2017, with an ICO launched in September of that year reaching more than 40 million in less than a month with more than 120 thousand sponsors.
The mobile application was launched in more than 20 languages in March 2018 for the Android APP and to date it has more than 1.5 million registered users thanks in large part to alliances with mobile operators such as Bmedia, Effortel and Fanfare.
It is listed in several exchanges, among the most important Kucoin, Yobit and CoinSpot; with the wait for confirmation by Huobi. Its initial launch price was US $ 0.01, and in less than a year it has managed to reach maximum peaks in January 2018 of up to US $ 0.16.
At the time of writing this article is quoted at US $ 0.017 with a market capitalization of just over US $ 321 million. It is deflationary and its emission limit is similar to bitcoins: 21 million coins.
How to Minar ETN
The first thing you need to know is that if you really want to get some ETNs at a rate of 2-3 days, you should have a mid-range SmartPhone up with Android 5.0, and at least 4 GB of RAM available.
On the other hand, you must be aware that mining is an intensive process that generates a lot of heat, so the temperature in this type of equipment and laptops, due to the lack of ventilation due to the compactness of the design, can rise considerably, generating irreversible damage.
Even when mining with ETN does not involve a large increase in temperature given the characteristic of its process (unlike traditional mining, ETN in alliance with the mobile operator generates a compensation for connection to data); There is a possible overheating, especially due to the need to maintain a good battery reserve for the generation of the script.
According to the official explanation of its application, the mobile device does not mine as a computer would. Instead, Electroneum assigns it as a reference point and distributes a hashrate that will allow you to record if it is being mined. Therefore, they assign you an amount of ETN that you receive if you manage to get a block.
Clarified the previous point, the first thing you should take into consideration is that your mobile phone is well charged and connected to the Internet. The first thing to do is download the Electroneum application from the Android APP. Once installed you must open it and you will get a window like the following:
In it you must configure your personal data, such as your email address with which you registered on the official Electroneum website. If you do not own, you must open an account and therefore generate a cold wallet where you will receive your coins for the result of the mining process.
After completing the previous step, your mobile number must be confirmed with the application, for which Electroneum connects with your mobile operator and implicitly confirms the owner in progress.
With this step, like other similar applications of cryptocurrency wallets; You have your phone number synchronized and linked to your mobile application and in turn to the respective wallet that you have set up to receive your micro payments.
Our recommendation is that you go to the adjustment section and generate a single pin of security to avoid attacks type pishing, which are very common these days by hackers to access mobile wallets to steal your crypts; as well as a recovery email in case you lose it.
Finally when you have done all the previous configuration process, you will have your application ready for mining. To do this you must "launch" the App for this purpose where it says "Start Mining" and you will get a window similar to this one:
In it you can observe the status of the miner = offline or active (mining), the hashrate (H / s), the number of active miners and the outstanding balance that will be sent to your wallet to get blocks.
In the Wallet section you can check your available balance, the transactions made as well as send or receive payments in ETN. It also has a link to verify the value of the cryptocurrency in real time according to the market.
Remember, mobile mining is at your own risk and this article does not represent any interest other than information purposes.