It's about to hit $6000 now.  I honestly dont think that this is the bottom, we might see $5500 today at the rate it's been declining.

It really has been asked at least a million times. I will answer also so we can have a million answers to the same question to help balance it out.

Basically you are not actually mining. As long as a phone has Play Store (it will come to Apple store in the near future) and lets you download it then it will work, which will be for most, if not all Android phones.

It is just an app that will make it look like it is mining by simulating to give you the mining experience. How much you mine will depend on the specs of your phone as the app will look up what specs of your phone and based on that your hashrate (how fast you mine) will be determined. An example would be, you can expect an Samsung Galaxy S8 to mine more than say an S7 or S6.

Now keep in mind, there is no actual mining going on in the traditional sense, so it will not be using up much if hardly any at all of your phones resources. This means your phone will not get boiling hot and the battery will not get drained super quick. My guess would be it will just run in the background and use 1-3% of your battery life for the day. If it was real mining, your phone would be boiling hot and the battery would last probably about an hour.

It being simulated mining does not take anything away however. You still get Electroneum just like real miners do. Same result, just witout making your phone useless while doing so.  I hope this helps explain it further

I think it's good that you were wrong. that's better. but we do not know what will happen in the next few hours or days. all people are still very tense and are also afraid to buy again because they have lost a lot before

The coin is good, but the price is still too high to buy. I'll wait when bitcoin again falls and with him all the alts. That's when I plan to buy ELECTRONEUM.

If anyone truly believes in the project just get into it and hodl for the new developments and releases coming down the line soon.
ok in less than 12 hours we are up 10% and in the last 24hours the price has moved 0.01c
but overall the price per token at the moment is incredibly good value.

Here is a snippet from the recent mail sent by Richard Ells on the "price"

Electroneum Price
For those of you who keep an eye on the price of Electroneum you'll notice that whilst it has
taken a hit like most cryptocurrencies, it has been really interesting to watch the levels of trade.
When Electroneum was soaring in price the volume was high, $20m or $30m USD in a day was not unusual.
If you take a look at the trade volumes now, you'll see they are very low in comparison.
This is a great indicator (in my opinion) of the strength of the Electroneum project.
For the most part, people that are involved have not dumped,
but said "Hold on. Let's not forget that all those things that excite us about the project are nearly ready for launch.
Lets wait and see if they really can be the first cryptocurrency that actually attains mass adoption, like they say they will.".

I think you are a little bit slow off the mark, why didn't you buy the other day when the price was down? It might not drop that low again soon or ever, what are you waiting for ETN $.01, not going to happen mate

Network Hash dramatically increased the last days from 270 to 430 MH/s (DIFF: 15 to 27 B)
Price came down a lot and a little bit up again but still far away from the peak we had weeks ago.

What is this? Maybe the mobile mining beta?

What do you think about this Samsung speculation?

https://www.youtube.com/watch?v=vD-6BsgmXkA