Let me start off by Telling you my own Story.
I initially got into Electroneum in December, Invested a decent amount of my Crypto Budget into the Coin. Subsequently bought during the dips which took me to around 7c and stopped there. At that time i think i had about 50k ETN.
When ETN forked and the Blockchain got jammed and the blocks were taking hours and hours to be mined because the GPU miners hashpower was simply not good enough to bring down the difficulty on the BC after the ASIC’s were kicked out, which then made Richard Ells have to rent hash power from a well known hashpower for rent company… I wanted to help do something! I learned how to mine ETN on my home computer and within an hour was mining ETN to have (a very small) impact on the hashpower to reduce the block times. Then i done the same on my son’s PC and then my daughters. Between us we were punching 900 h/s. After a few days the BC Difficulty was back to normal and i kept mining, which was when something happened.
Watching that miner show me statistics on hash-power, watching my ETN wallet tick up with 45-55 ETN every 24hrs was absolutely fascinating! ASIC;s were now blocked and out the picture.
I decided to spend a couple of ££££ on some decent mining hardware (without a great deal of tech know-how on the hardware) and build a mining rig. After days of tinkering with things to get it up and running i was hashing 4600 hashes per second and mining 250-300 ETN per day. I was ecstatic!
Not looking at my 275 (avg) over 24hrs as me mining $9 a day, i have/had my own long term ETN price prediction, and i multiplied my future price by 275 coins per day and lets just say, WOW! i’m, loving this!
Things take a turn for the worse however within 2 weeks of me getting up and running. Richard announced that there would be an Emergency fork and that the BC was going back to ASIC Mining, pretty much rendering my new setup worthless. I went from mining 275 avg ETN down to 9 ETN over 24/hrs
My emotions were a mix of Anger and feeling let down after getting into this to help Electroneum mine those damn blocks that stuck the BC some weeks earlier.
…end of story
It is from here that the story sort of just begins…
After a few days of feeling sorry for myself and wanting to poke Richard in the eye with a sharp stick, I took to finding a solution to try find a way to gain ETN using what i still have. Speaking to other people in the Community (Thanks Mannie / you know who you are) i Found a solution that actually makes me almost DOUBLE my previous ETN figure of 275 avg.
I mine another coin that is on the same exchange as Electroneum is because i cant be bothered with the hastle of selling the coin into Bitcoin then transferring the BTC to another exchange that ETN is on and then rebuy my ETN then withdraw them to my paper wallet. Bit of a faff!
So i found myself the right coin, adjusted my miner to the right Algo and it has been pounding away now for 2 months approx. Happy days! I am mining (albeit in a roundabout way) approx 500 ETN per day.
Now, i am telling you this because you would probably like to get free ETN each day, you probably have a desktop PC or laptop lying about that is doing nothing. You would probably like the price of ETN to stabilise or increase. Help it find an equilibrium, as it were.
Well, why not do something about it?
ETN is being mined and sold by ASIC miners and this creates an oversupply on the exchanges which has a small negative effect on the price, which is completely normal!!! However if ordinary ETN Community members were wanting to scoop up those coins being sold by the ASIC’s then you gain ETN, whilst not having to invest in Expensive mining equipment. Basically you mine a Coin and sell those coins for ETN, absorbing the ETN that is being sold by the ASIC’s. You get your Favorite ETN and your helping level out the supply/demand.
For the avoidance of doubt, an average home Computer, NOT an expensive gaming computer could generate you 1200-1500 ETN per month. A mid range Computer/laptop 1500-2000 ETN per month and gaming set-up’s 2000+ ETN per month.
Take your amount of ETN (based on the above numbers) and multiply that by your own future value of ETN and come up with your own version of my “WOW”
I am happy to discuss in more detail with anyone wanting to start mining and perhaps going down a similar route that i have. I would also be willing to help get you going.
Hopefully this post doesn’t end up being slapped in the price discussion thread, because i didn’t intend on making about price.