As bears still have their saying in the wider-monthly picture, bulls have been taking the upper hand in the weekends very often now. Many crypto-enthusiasts and traders are already thinking what to buy as soon as the red-era of sell-off is done keeping in mind that according to crypto-history it is not going to last long. So, the main question would be – with what in our portfolio are we going to ride our wave upwards and IOTA is not looking bad at all.
Various analysts do support the idea of only caring about crypto-s as a price/unit and not the product/service or solution that it delivers. However, if you are looking for a well-cemented long term choice, the project that has a crystal clear vision of the future would be wise to go as it will turn out just good.
First of all, IOTA’s development idea and project obviously is of crucial importance. The project is considered by many as crypto 3.0 or the cryptocurrency of the next generation as it has gone past existing problems that various blockchain-based coins are dealing with and struggling on a daily basis.
Created and designed under the well known mathematician Serguei Popov – IOTA is backed by a system-network called Tangle which introduced a unique distributed ledger tech to the ecosystem.
For the system to function properly, there is no need for miners to complete transactions as the network is planned in that way that every time a new transaction is issued, it is confirmed by the next one as the present one confirms two prior itself being requested.
The Tangle is capable of sustaining an infinite amount of transactions for literally no cost, supported by the users of the network themselves and not by miners.
Created specifically for machine economy, interactions and payments, MIOTA is IOTA’s main product as the system’s token currency. Soon to be by the Deutsche Bank – who added that IOTA runs under the future of world-economy. RBVC or The Robert Bosch Venture Capital has its first investment [and a major one] in distributed ledge technology – more precise in , according to and other sources close to both of them. Another cooperation has been declared with IOTA – the Berlin based cryptocurrency start-up at the Connected World conference with Volkswagen. The main reason running the movement is that the future of smart cars [connected] could be decentralized technology.
Taipei city has included in its project and team as support for reaching the ideal smart city goals.
The target is to add network structure [the ledger technology] for which it is known – Tangle, for a way to find what are open doors for meeting the Smart City Living Lab needs through various projects.
To continue accordingly, The Dutch Government, The German Government, The Government of Taiwan, Microsoft, Orange, Samsung and Fujitsu are just some of the names that are involved with the IOTA project.
Do you we know any other distributed ledger technology powered company that is backed by industrial titans of this scale, governmental institutions, and even central banks?
Per time of writing, IOTA [MIOTA] is trading just above $1.00 [$1.02] against the US Dollar with 4.73% gain in the last 24-hours, that being the highest among the top ten cryptocurrencies by market capitalization.
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Mobile mining is different than regular mining because most phones don’t have the intensive processing power required to confirm blockchain transactions. You have probably seen mobile apps in the play store claiming you were mining. In reality those are cryptocurrency faucets which we will cover in another section. However, Electroneum is a cryptocurrency that is doing things differently.
Who said mining wasn’t easy?
They have developed a mobile app that utilizes an algorithm to benchmark your phone and distribute free (ETN) as a reward system. What this means is that the mobile app “guesses” how much hashpower your phone would if it was actually mining. Then you are rewarded Electroneums (ETN) as a reward for using their mobile app!
How do you start earning free Electroneum with your mobile?
We’re glad you asked! We’ve written a step-by-step guide that will help walk you through this process whether you are new to cryptocurrency, and this is your first time mining or not.
Step 1)
First you’ll want to go to their website:
After that sign up using facebook or, with an e-mail address. Agree to the terms and move onto step 2.
Step 1 breakdown
Step 2)
After you’ve completed the first step you’ll want to log-in to the e-mail you used when registering. If you used Facebook then check the e-mail address associated with your Facebook account.
Step 2 breakdown
Step 3)
We’re almost done so you can start mining that sweet, sweet Crypto! In this step you’ll need to enter your mobile phone number, ensure once again you are not a futuristic robot, and send yourself an SMS text message. The reason your phone number is needed is because then it can be associated with one account and this will prevent bots from being able to open up accounts and collect Electroneum we could be mining!
Step 3 breakdown
Step 4)
After you’ve confirmed your mobile number you will be asked to enter your e-mail again and click another verification link.
For the aforementioned reasons above we cannot provide pictures any further than this point because we already have an account. You will be able to make another account only if you have another phone number to tie the account to.
Step 5)
During this final step you will be asked to create a 5 digit PIN number. After you have confirmed your account it’s time to download the Electroneum Mobile Mining App!
Android:
Click Here to open up the app and download directly to your phone!
iOS: Not yet released
Set up your miner and use the referral code!
Once you’ve set up your account, verified your email, created your PIN, and the mobile app is downloaded it’s time to get a look at how it works! We recommend using our reference code. Why? You will earn more for (ETN) from mobile mining for using our referral code! Of course as the referrer you also receive 5% of whatever is mined using your referral code. That means it’s time to get Mom, Dad, Grandma, and your Brother/Sister into cryptocurrency!
Ok how do you use the referral code? Open up the application and go to the “Miner” tab as seen below.
At this screen you’ll need to press the “EARN FREE COINS” and you will see this screen appear:
Scroll down to the “Enter a referral code” area and you can either scan the QR code or enter the code manually. The code is located in the top right corner.
Scan our QR code or enter it manually: CA8E9A
After you’ve done that we’ll both be making a little bit more (ETN)!
We have already confirmed withdrawals using the built in wallet module! So what are you waiting for? Go start racking up your free cryptocurrency!
“We hope our guide was able to answer your questions and fundamental understanding of Mobile Mining!” -Slyxus
“Claw your way to the top of Crypto”Founder of Cyber Lion Weekly:
You can find guides, technical reports on Altcoins, as well as lots of other useful content! Feel free to follow us on as well!
You can also find Slyxus in Crypto-community & signal group.
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