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Post by mrnewguy on Oct 18, 2017 13:38:27 GMT -6
I fond this Image of a graph online (from reddit) and it should be a graph posted on the telegram electroneum group. I think it is intersting, showing how mining of electroneum would work. with the block emission and coins mined per block and how it get more difficult over time (first 3 years).  |
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etnsab
Electron
My brain is overflowing with the potential of Electroneum! :-)
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Post by etnsab on Oct 18, 2017 14:13:37 GMT -6
20000 Coins per block on day 1? That seems like a lot. My big question is, on an 8-core processor, how much could be mined per day on average?
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Post by Imikocha on Oct 20, 2017 21:12:26 GMT -6
Good question. No one really knows  |
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vish
Atom
Now we wait
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Post by vish on Oct 21, 2017 5:33:29 GMT -6
i think we'll just have to wait until its up and running and see after day one how much people are mining and with what system specs. I doubt theres any way to forecast this... and even harder to forecast over longer periods if those graphs are anything to go by. One things for sure im hyped to start mining on pc |
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Post by electrotncm26 on Oct 21, 2017 11:56:21 GMT -6
Whether you mine on a PC or mobile device won't make any difference. Unlike bitcoin, mining electroneum is a programmatic solution. The app itself is what will do the mining in the background on your mobile device using very little power. It's already programmed into the app at how much electroneum can be mined per day. I've heard that it would be possible to mine $20-$30 per month which would appeal the teenage mobile device game player, which would encourage mass adoption of teenagers to adopt the coin (untapped market). I have an older smartphone i don't use anymore that I'll probably mine with.
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Post by Pete on Oct 21, 2017 12:08:06 GMT -6
Whether you mine on a PC or mobile device won't make any difference. Unlike bitcoin, mining electroneum is a programmatic solution. The app itself is what will do the mining in the background on your mobile device using very little power. It's already programmed into the app at how much electroneum can be mined per day. I've heard that it would be possible to mine $20-$30 per month which would appeal the teenage mobile device game player, which would encourage mass adoption of teenagers to adopt the coin (untapped market). I have an older smartphone i don't use anymore that I'll probably mine with. I thought it made the world of difference, because on your phone you won't actually be mining at all, and the rewards will be much less. I think one of the interviews with Richard Ells, he said it might be $2 - $3 per month, not £20 - $30. It's not much but it encourages people to get more by doing it on their PC (which I think is proper mining). Will the coin supply slowly reduce on the mobile app over time in the same way as on PC, otherwise they would soon use up the supply allocated to mobile mining? |
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Post by mrnewguy on Oct 21, 2017 13:07:53 GMT -6
Whether you mine on a PC or mobile device won't make any difference. Unlike bitcoin, mining electroneum is a programmatic solution. The app itself is what will do the mining in the background on your mobile device using very little power. It's already programmed into the app at how much electroneum can be mined per day. I've heard that it would be possible to mine $20-$30 per month which would appeal the teenage mobile device game player, which would encourage mass adoption of teenagers to adopt the coin (untapped market). I have an older smartphone i don't use anymore that I'll probably mine with. I thought it made the world of difference, because on your phone you won't actually be mining at all, and the rewards will be much less. I think one of the interviews with Richard Ells, he said it might be $2 - $3 per month, not £20 - $30. It's not much but it encourages people to get more by doing it on their PC (which I think is proper mining). Will the coin supply slowly reduce on the mobile app over time in the same way as on PC, otherwise they would soon use up the supply allocated to mobile mining? Pc mining will be extremely more powerful than mobile mining (wich is not real mining, while pc mining is). The mobile mining pool is slowly refilled by a % of the coins mined by PCs |
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Post by Pete on Oct 21, 2017 14:05:20 GMT -6
Ah, I was wondering where they were going to come from in the long term! |
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helps us both out.