Do not post your Electroneum address unless someone explicitly asks you to. HOW MANY YEARS UNTIL I CAN MINE ONE ETN. Looks like you're mining solo.

In this post would like to explain how to get started with mining on an Electroneum mining pool, what a mining pool is and how it can help you in earning coins. Ubiq UBQ Mining Success Stories more. Background If Electroneum is your gateway to the world of cryptocurrencies you've probably come across the term 'mining' or even 'mining pool' for the first time.

In financial terms mining is putting your hardware/PC to work to verify and add new blocks to the blockchain and releasing new currency as a reward for the miners. Initially mining was done in a solo fashion where everybody had their own mining rig setup and was searching for a block of their own. As the difficulty went up, the chance for a solo miner to find/add a block to the chain was getting slimmer and slimmer.

This is where mining pools enter the playing field. A mining pool is the answer to the ever rising difficulty where a group of people work together to find/add a block to the chain. This collaboration of miners resulted in a much higher hashratee which still made it feasible for people to mine and make some coins.

The initial goal of mining works the same in a mining pool, the only difference is that you're now collecting shares and once a block is found, you will get as many coins as shares you have had confirmed meaning that if you've got a lot of 'hashing power' you will get more coins as you contributed more. How can a mining pool help you? As already mentioned, when sharing hashing power with a group of miners, the chance of finding a block is higher. This means that you would see returns quicker and don't have to wait months until you find a block on your own. Getting started In order to get started with mining and a mining pool you need to figure out whether you want to mine with your CPU or GPU. Electroneum uses the Cryptonight algorithm which get's the hashing power of CPU's and GPU's closer together. However, when you've got a good GPU you will probably get more teturns from your GPU than your CPU.

It all depends on what kind of PC/laptop/phone you've got lying around to enter the game. Obviously, in order to know what's best for you, you need to test around with it and you can only do so by setting it up anyway. I wrote a couple of articles on getting starteed with CPU and GPU mining here: • CPU: • GPU (AMD): • GPU (nVidia (geForce)): To get a bit of a feeling with mining in general, I would advise to go with CPU mining as it is easier to setup. Joining a pool Joining a pool is as easy as defining your wallet (described in the articles above) and setting the right server address (also described in the articles below).

After that initial configuration you're all set and ready to mine your first Electroneum. Things to look into when joining a pool is mostly the pool fee.

When a pool has a high fee, the returns you get are obviously lower. For example, the official Electroneum pools have a fee of 4%, this means that of all the coins you mine, the official pool will get 4%.

This makes it an obvious choice to look into pools with a lower fee. If you woud like to join a low fee pool, I would advise you to look.

We've just started yesterday and obviously are looking for more hashing power. We have a 0% block fee and 3% payment fee and are looking to enhance/expand the functionalities of the pool. If you're interested in joining our Telegram group, you can join over here: You can join our pool by using the following addresses: • CPU: nl.etnpool.net:3333 (low-end system), nl.etnpool.net:5555 (mid-end system), nl.etnpool.net:7777 (high-end system).

• GPU: nl.etnpool.net:7777 For more specific details on setting up Claymore or XMR Stak Miner, I will refer you to the posts above. Selling your coins When you've accumulated a lot of coins by mining you would eventually like to sell them for another cryptocurrenecy that you like or to cash out to current world currencies such as Euro's or USD. To do so you can follow this post I have writteen as well: Conclusion With the curent difficulty rate of Electroneum you would need to have a very strong PC/Computer/Rig to be able to find a block fast. With my own mining rig of 3 GPU's and 1.9 KH/s I have to keep it running for at least a month to find a block. Because of this, it is necessary to join a pool to see your returns on your wallet quicker. Don't wait any longer and join our pool.

Links Link Description Official Electroneum website Official Android Electroneum Application Electroneum Subreddit Community Discord Cryptocurrency Market Capitalizations Frequently Asked Questions Frequently Asked Questions Items/Services for ETN Video Tutorials Here are some videos to help you get started. Check them out.

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• No referral links in submissions or comments unless explicitly requested. • Do not post your Electroneum address unless someone explicitly asks you to. Most Cost Efficient Monero XMR Miner. • Be aware that Twitter, etc. Is full of impersonation. • Please label all crossposts as such [X-POST] or something of a similar nature, all posts that are crossposts that do not have a distinct label will be removed. Exchanges (Trading ETN) • Pool Advertising Section (Mining Pools) • Electroneum Mining Subreddit • Community Events •. You're trying to figure out the nonce of a whole block before everyone else.

Sorry for this newbie question, but before a block is uploaded to the blockchain, does this mean that the 'whole world of miners' is working on the same block? And whoever finds it first gets the reward, then everyone moves on to the next block? So, like, everyone mining is just brute-force randomly trying to guess the answer, and whoever finds it first wins the reward and then it all starts over? I've never realized this before if this is indeed how it works. • • • • • • •.

What you're saying is right, except that not the whole world is working on the same block, i.e., the transactions in the block can be different from one miner to another. Every solo miner (or pool of miners) compete to collect transactions, put them in a block, and find the nonce. Once then any of them succeeds before others (regardless of what transactions they have on their block), everyone else accepts their block and moves on. The brute-force guessing of the nonce is a fake problem created solely to make sure that anyone contributing to the system is someone who cares and won't create fake efforts to ruin the system. It solves the 'Sybil attack' problem. Watch this video to understand the logic behind it: • • • • • • •.