With Electroneum (ETN) aimed towards mass adoption and attaining heights even in the face of bearish markets and crypto crackdowns, one of its peculiarity is its mining technology.
Electroneum is admittedly one of the exclusive coins making headway in the crypto space. Upon integration in 2017, the coin’s development team announced that it was aimed towards mainstream adoption and amongst the various factors presented for growth is its mining.
Unlike various cryptocurrencies, Electroneum is exclusively aimed at the part of the world with little knowledge of the technical know-how of the world of crypto mining. Plus majority of the world’s population employ mobile phones for literally every day-to-day activity.
From payment of bills, alarms and reminders to banking, the list is endless. Hence, with the greener environment advocates clamouring for lesser energy consumption and crypto enthusiasts concerned about high transaction fees and low speed, little wonder the ETN team decided to design their coin to suit the needs of the world in general.
As such, Electroneum (ETN) is one of the easiest coins to mine. Not only does it negate the need for super-computers, it is also remarkably fast and less technical to mine.
Contrary to mining in other cryptocurrencies, Electroneum is as easily mined with mobile phones as well as with computers. While mining in general requires a bit of computational language, ETN mining allows users mine while leaving their CPUs to work out the cryptographic issues presented.
Mining on Smartphones
As earlier established, mining is easily done with an app installed on a smartphone. All that is needed is to download the app, create an account on Electroneum official website, log into the app with credentials, click on the Mining tab and start mining.
However, mining on smartphones is not exactly the real mining. It is instead a simulation of mining although it does not mean the tokens mined are not real. This is because while mining, the phone’s CPU is tasked with solving the cryptographic problems required to mine.
As such, the phone’s CPU is tasked with hash rates it can handle to avoid throttling. Hence, the simulation ensures coins are mined without necessarily disrupting the cycle of phone’s functionalities like the battery power consumption and memory space. This however, does mean that just a small amount of tokens (10 ETN) can be mined on daily basis.
Mining on Computers
The merits of mining on these mining powerhouses are quite many. One of which is the hash rate. It is well established that hash rates determine the speed at which mining takes place and is significantly linked to the amount of ETN mined in a day.
According to ETN founder, Richard Ells, a full miner node on computers will invariably link the ETN Network with the computers. The full merits of using computers to mine is that not only is mining faster but also super easy.
A simple mining software released by the Dev team will easily complete mining on a simple computer. Not only is it compatible with Windows, it features a graphical interface that requires little technical knowledge before operation.