This is all we know about ETN mining (mobile and computer)

[mrnewguy]

A nice post appeared on reddit, by the user JesseSuave (this is the link to the original post www.reddit.com/r/Electroneum/comments/785puo/electroneum_mining_info_as_we_currently_know_it/ ).

It is about all we know right now about ETN mining. I'll copy paste it here to give it more visibility, since it has valuable informations

Electroneum Mining

Hey guys so I gathered as much information as I could on this topic as it seems to be something that people ask a lot and indeed when I was first interested in ETN I was wondering about the potential for mining as well. Here is what I have found so far:

Mobile Mining

Everything that I can find points to the mobile miner coming out on the 1st of November 2017 along with the wallet app getting an update so you can presumably send and receive ETN. The app will feature a mini game type mining service where you would have to interact with the app in order to earn ETN as well as a part where you don't have to interact with the app in order to earn ETN but these are just theories based on what we know currently. It is likely that the Mobile Miner will use mining power from users using the Desktop Mining software in order to facilitate the interactive nature and ease of use in the mini game all while the user actually earns ETN. It will be released on Android as of the 1st of November 2017 (along with the coin itself and the desktop miner), the iOS release date is still unknown. The rumored amount of US $ you will be able to make is $30 a month through this app.

Desktop Mining Software

Again everything I have found points to the Desktop Mining Software to be released on the 1st of November 2017. It will feature standalone mining capabilities and use a combination of CPU and GPU power to mine ETN. It is currently unknown as to the ratio of the CPU to GPU use that it will have. It is also unknown as to if you are able to turn off CPU mining or GPU mining and have just one of the two running at a time. If any of you are familiar with Nicehash Miner (learn more over at r/nicehash) I believe it will be similar to that but much more simple in it's early versions. Amount of earnings per month currently unknown.

Asic Miners

There is no indication that Electroneum is going to be supporting Asic miners. There are some sources saying that Electroneum is specifically engineered to be against Asic mining as to offer the everyday person a way to earn a decent amount of coins rather than an already set up Asic miner to power grab them all up.

Conclusion

The mobile miner sounds like a great marketing strategy from the team at Electroneum and it will most likely prove useful as the coin grows by offering people a casual way to earn a few coins throughout the day.

The Desktop miner will be the main heavy hitter for Electroneum as many people poses powerful gaming and or mining PCs ready to start chipping away at the ETN saved for mining blocks. It will be essential for the teams growth and overall adoption as they strive to make Electroneum more and more widespread they will need more coins out in the public hands.

Asic Miners are so far not to be supported as we currently know.

The max amount of miners per account is said to be 5, as for if that counts mobile mining as a separate entity I have no idea currently but all we know is that in total you will be able to have 5 devices (1 gpu = 1 device, 1 phone = 1 device etc) mining ETN at any given time on one account.

Thank you all for taking your time to read this, have a great day/night.

If you have any questions comment or PM me.

Edit:

Sources

electroneumtalk.proboards.com/thread/8/electroneum-faq

electroneum.com/overview-white-paper.pdf

electroneum.com/technical-white-paper.pdf

[Jody Byram]

IMHO, They should be releasing the desktop miners NOW!!

Per the white paper the desktop miner is the one that maintains the block chain.
When the currency goes live Nov 1, there will be a huge spike in transactions, and there will need to be a network of miners up and running to manage all the transactions.
No network, no transactions. No transactions, no currency. No Currency, value = 0.

For Pete's sake get the desktop clients released so we can get them installed and running in time for the go-live!

[Pete]

Oct 23, 2017 10:54:22 GMT -6 Jody Byram said:

IMHO, They should be releasing the desktop miners NOW!!

Per the white paper the desktop miner is the one that maintains the block chain.
When the currency goes live Nov 1, there will be a huge spike in transactions, and there will need to be a network of miners up and running to manage all the transactions.
No network, no transactions. No transactions, no currency. No Currency, value = 0.

For Pete's sake get the desktop clients released so we can get them installed and running in time for the go-live!

I'm sure they've thought of this, I don't know what the answer is though!

Perhaps the dev team will be busy mining from the start and the rest of us slowly add to it after.

[vish]

sure i read from a valid source they are going to be releasing the pc miner a day before Nov 1st so we can get it up and running ready.

[mattu70]

Oct 23, 2017 17:12:12 GMT -6 vish said:

sure i read from a valid source they are going to be releasing the pc miner a day before Nov 1st so we can get it up and running ready.

That would be great!  I have a computer that I bought for my daughter, but she doesn't use it a whole lot, so that could be a mining computer!