We will discuss How to start mining Electroneum with Electroneum Mining Software and profitability of Mining Electroneum.
What is Electroneum?
Electroneum is a British cryptocurrency also referred to as ETN which uses the Monero codebase to enable transactions on a decentralized blockchain. Just like Monero Electroneum also supports some private functions. Bitcoin was highly criticized for the balance of every wallet address is public and easily searchable. Furthermore, To prevent recipients funds from being linked to the wallet Elecetroneum uses Sleath address, a one-time public key.
Transactions are very fast which is based on the level of traffic on the network. New blocks are added every minute and the majority of blocks have less than 0.2 ETN in total fees. Furthermore, You can check out the recent blocks from Electroneum Blockexplorer.
Giving access to everyone is the main motive of Electroneum for which it uses codebase to avoid powerful ASICs. A memory-bound algorithm is used in mining to encourage CPU miners and giving the average uses more access to ETN.
Download Electroneum Mining Software
We will be using Xmr-stak, an open-source Electroneum mining software which can be used on Windows and Linux PC, supports both GPU and CPU mining. It is pretty easy to set up with full command-line instructions,
- Download the Electroneum mining software from Github – xmr-stak
- Also, For Mac users –this download link
- Linux users will need to compile from the source code.
- Furthermore, Google Chrome might flag the program harmful well this program is safe to use and you can keep it anyway.
Full ETN mining setup – here
As you can see above Electroneum has developed an Electroneum mining software your smartphone’s CPU in mining ETN. This process uses negligible mobile data and will give the best hash rate maintaining the efficiency of the device. Although it will not contribute to blockchain by solving blocks but will provide some rewards for mining. After 10 ETN are mined they will be automatically transferred to the wallet in the application.
Download All-in-one Electroneum Miner for AMD, Nvidia, and CPU support,
- Good hash rate and powerful mining
- Easy to use and easy configuration
- Web Statistics
- It is based on Wolf Miner
- Miner is still in development
- CPU + GPU mining at once
- 2% developer fee
Minable Coins– Electroneum, Monero, SumoKoin, and other Cryptonote miners.
Also, Read further on Bitcointalk discussion – https://bitcointalk.org/index.php?topic=2345911.0