Hey people, is time for 1stminingrig to get back on track 🙂 Past few weeks I was super busy setting up the workshop and I didn’t really have the time to create new content. However, now that the workshop is up and running, it is finally time for some fresh tutorials.
I’ve been thinking of starting by posting a tutorial about how to mine Electroneum both with CPU and AMD/Nvidia GPUs. In fact, one of my rigs has been already mining ETN for some time now and as for today, everything looks pretty solid.
What is Electroneum and what does it do?
Electroneum is a cryptocurrency with its own blockchain, as well as a fully-integrated mobile platform. Its main aim is to become a Bitcoin alternative with a couple of improvements, as well as a user-friendly platform where everyone can mine, trade and transfer the tokens without the need to have any prior tech knowledge.
The Coin (ETN)
In my opinion, Electroneum has got what it takes to soon be considered a viable Bitcoin alternative. Here are some of its already existent features worth mentioning:
Its transaction speed and security are as good as Bitcoin’s (and some even claim that Electroneum is safer than Bitcoin)
It can be stored both on the cloud and in offline wallets
Its team of developers is rather impressive. Comprised of professional engineers, entrepreneurs and marketers, the team behind Electroneum makes me believe the project is all but a money grab.
It can be easily mined from a phone or any other device
In Brief, Electroneum coin has a lot of similarities with Bitcoin, though it is based on its own blockchain. While that alone is great, the selling point is in its platform. Let’s take a look at it:
Electroneum platform is the meat of the project. Thanks to the unified mobile app, users can now mine, trade and send/receive ETN easily.
Electroneum token holders will be able to spend those in online markets, as well as on gaming-related products. Thanks to instant microtransaction support, Electroneum might quickly become the second most used cryptocurrency for online shopping.
All of this makes me believe that Electroneum is a coin that might increase in value over time. In this tutorial, I will explain how to set up your Electroneum mining rig.