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    xenomorphe1
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    March 17, 2018, 09:11:06 AM
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    I have launched the mobile mining app since 2 weeks. I received a little more than 31 ETN. They did sometimes accelerate the distribution of ETN. Maybe i can get 2.5-3 ETN each day. That's not bad compare to mine ETN with CPU. You are going to get less with CPU mining.

    I am mining other coins for the moment. At start, ETN was very profitable to miners. But now it is difficult to get some profits.

    Yes, i understand the concept of ETN. It is to distribute ETN to a majority of people. So they can understand how crypto coins work. And also make ETN a real money. People are going to be able to buy real things/services with ETN. They won't need to convert it into fiat money. It is going to be used firstly by the unbanking.

    This is like mining in early days. But if it will hit a mobile phone critical mass (many people getting coins via mobile app) then the following thing will happen: daily airdrops will get you no coin (maybe fractions of a coin) or in order to satisfy the demand - new Etns will be generated and that will lower the price of existent coins (like inflation for fiat money). So this is not sustainable.

    About the last paragraph from what you said, I agree with you.

    Just out of curiosity what coins are you mining (if it is not a secret) ?
    I don't think the price of ETN will get lower because new ETN are being created by miners. Because the miners are getting less and less ETN. They may also lower the ETN reward for the mobile app. And as more and more people are going to have ETN, the price won't decrease, but may increase. If ETN is really used by millions of people, ETN is going to be worth more money.

    I am mining Bitcoin Private. It is not actually profitable, but i think the price may increase if Bitcoin price increase too (ETN may increase too). A lot of people are mining it now. Are you mining a coin now? And what coin?
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