Is Electroneum is Scam ?
Here are the Answers to some common questions:
Q1) Why is the website inaccessible?
Someone or some group is actively attacking Electroneum’s website. That’s why it has to be secured to prevent them from gaining access.
2) Why is Electroneum being targeted?
It’s too popular so it will attract ill-minded people. Some people are just jealous, or simply being evil. Criminal Minds.
3) Why I can’t mine anything after long hours?
Mining difficulty has increased a lot since the blockchain went live. Unless you are using expensive mining rigs custom built to mine cryptocurrencies, you probably will get nothing or just a little.
4) If mining difficulty increased, what will happen to mobile mining?
Mobile mining is simulated, not actual mining. So blockchain mining difficulty has no effect on it. The company will determine how much we can mine with mobile phones.
5) Why does the Electroneum Pool Network have a high hash rate that doesn’t equal to the amount of the hash rate from uspool+eupool+asiapool?
The high hash rate comes from professional miners in community pools. These people own specialized mining equipment worth millions of dollars and they normally mine coins as to earn money. Remember when Richard Ells the CEO said that he encouraged us to use community pools? Also, you don’t chase out miners because miners are important to keep the blockchain alive. No miners = no blockchain = no listing on exchange = no iOS app = no wallet for you. So miners keep everything together, along with developers and us the investors. You can be a miner too if you are willing to invest a lot of money into specialized mining rigs.
6) Why I can’t access my account/wallet or transfer my ETN to exchange?
As mentioned, the team wants to make sure that none of our ETNs are compromised before they release the wallet. Be patient and wait for the problem to be solved.
7) Is Electroneum a scam?
No, it is not. A lot of people calling scams because they behave like internet trolls. Most of them just want to sell their ETNs quickly and because of the security issue that is being fixed at the moment is delaying them from selling, they are frustrated. Meanwhile, real investors who believe in the project for long-term do not have an issue to wait.
8) What is the potential of Electroneum?
Crypto market cap grew 14x from 2016-2017. Considering that crypto population is under 0.5% of the world, there’s a lot of room for growth. If market cap growth rate just stays the same from 2017-2018 and to 2019, the market will be worth $35 trillion dollars. You may think that it’s big or impossible, but the stock market is worth $65 trillion dollars, and considering that a lot of countries/corporations/citizens are already adopting crypto, that is very possible.
At $35 trillion dollar market cap, even if Electroneum is priced at $100 each and has maxed the supply of 21 billion (which won’t be), it will only reach #3 on market cap, behind Ethereum and Bitcoin.
And as you know, Bitcoin and Ethereum wallets are not growing as fast as Electroneum, they certainly don’t have apps in 92 languages, they are difficult to use due to many decimal numbers.
So Electroneum will be a very big coin in 2 years. Not today, not next week, not next month. But 2 years. If you sell now, you will regret it, just like the guy who bought pizzas with 10,000 Bitcoins. Everyone wants to get rich, but not everyone is patient enough to be rich. Are you patient?