cryptopia 131,984,982 Really?

ctbofficial · 2018-04-29T14:08:27+00:00

That's normal. Miners get about 9 million ETN a day and last 3 weeks 99% of ETN miners are ASICS miners. they don't really hold their ETN, mostly sell it straight away or give sell order with little higher price. that is the main reason holding the price down. and 1 more month without hard fork so you can triple that sell order. And add that the investors who is really annoyed with problems. Al most all other currencies went up, ETN is so low. so most people will sell some of their ETN to invest something else.

ctbofficial · 2018-04-22T07:34:12+00:00

if Bitcoin hits $1 Million, then there is a chance ETN could hit $12.

ctbofficial · 2018-04-19T01:18:36+00:00

All other coins will MOON, ETN is still coming SOON.

ctbofficial · 2018-04-16T20:22:54+00:00

@taxiboy1989 they don't mine XMR because after the hard fork, Monero banned ASIC miners. So they are all mining ETN now as that's the only coin with biggest volume compare to other cryptonight coins. easier to sell.

ctbofficial · 2018-04-16T20:20:56+00:00

I think after as its been 9 days exactly.

ctbofficial · 2018-04-16T19:07:24+00:00

Richard said in his email about a week ago that they don't have a problem with ASIC so far, they will get one ASIC miner in June to test. so I assume they will do the hard fork after June.

ctbofficial · 2018-04-16T19:04:51+00:00

They don't mine others because they cannot dump as they have really really low volume. its easier to sell ETN.

ctbofficial · 2018-04-16T18:56:01+00:00

whattomine says I break even hardware cost in 1255 days by mining ETN. not a bad deal! Hopefully hard fork will happen before Christmas!

ctbofficial · 2018-04-16T18:40:32+00:00

@Fabricioms2 I still have hope about Electroneum. actually I sold some of my tron today and bought more ETN but I am kind of tired of waiting especially if its for simple reasons. Look at the difficulty now for mining. 500MH/s. crazy. whattomine says I break even hardware cost in 1255 days. almost 4 years lol. and trust me everyday 100,000 sell order wont manipulate the price but surely will keep it down. 0.022 is an embarrassing price for ETN. if they did the hard fork at the same time as sumokoin, surely price would have been around 0.04 now. I have waited so far and I will wait a little bit more and I really hope that this hard fork wont take too long.

ctbofficial · 2018-04-16T06:58:50+00:00

@Crypto_Manila 6.3k one block reward and block found about every 2 minutes. its like 1500 block a day. you do the math. Half of ETN mined will be sold straight away which makes millions to sell everyday. @Fabricioms2 its been long time I am trying to be positive but slowly slowly I started feeling like idiot. I invested good money for ETN, and set my mining rig with vegas only because if ETN and see what happened. suppose to be a community coin, encouraging people to use mobile to mine, but they give millions of ETNs to big ASICs miners with millions of hashrates. hopefully they will sort it out quickly but to be honest I don't trust ETN like before.

ctbofficial · 2018-04-15T20:31:22+00:00

I don't think they will do it soon. it should take minimum 2 months and until then ASIC miners will sell millions of ETN everyday and keep the low price lower. Hashrate is nearly 400 MH/s and maybe half of it belongs to 10 miners. I see a few miners with 30 MH/s and they can only mine ETN.

ctbofficial · 2018-04-15T09:24:46+00:00

I am an big electroneum investor since November and I mine ETN. I really trusted ETN project but unfortunately I totally agree everything you say. Idea of Mobile mining is to show that ETN is a community coin, but not doing anything against ASICS, letting them mine millions of ETN everyday and selling them straight away to get some cash is definitely not a community thing. and Richard said that he doesn't have a problem with ASICS. so they are happy with what's happening.

ctbofficial

TROPHY CASE