Aside from the common features of cryptocurrencies which include being secure and private, Electroneum (ETN) prides itself as the first British-developed cryptocurrency which is designed for mass adoption. It endeavours to achieve this by providing an app-based mobile mining combined with wallet management, thus capitalising on the ubiquity of mobile phones found in nearly all layers of society today to bring this cryptocurrency to the masses. The Electroneum team has also been active in promoting and developing Electroneum to position it as a strong cryptocurrency with the target to reach a user base of tens to hundreds of million people. This seems to be a likely possibility, considering how easy it is to download this app and start using it. Furthermore, unlike bitcoin which requires huge amount of capital and operating expenses to mine, Electroneum mining can be done free of any cost on your mobile phone. You only need to download the app, register an account and run it.
Today we will be exploring how you may begin mining Electroneum on your mobile phone. Setting up your mobile phone for mining Electroneum is rather straightforward, although there are some settings that you may need to be aware of.
ETN mining can also be done on a computer running a node, but for the purpose of this article, we will only be talking about how you can mine Electroneum on your mobile phone, for free!
Before we begin, kindly note the following pre-requisites and information:
- At time of writing, the Electroneum app for mobile mining is only available for Android smartphones and is downloadable from the Google Play Store. The app for iPhones is yet to be released, and will be updated here when it becomes available.
- The app may only be downloaded and run on smartphones. Other hardware such as tablets and non-phone devices are not allowed to be used as a miner as stated in Electroneum’s terms and conditions.
- You will need a mobile phone with a working SIM card that can receive SMS as a code will be sent to your phone to activate your account.
- You will also need a valid email address to register your Electroneum account and wallet with.
Once you have all the above ready, we may begin. The following procedure and screenshots are best viewed on the larger screen of your computer:
After installing Electroneum…
|a1. Launch the Electroneum app on your smartphone. Click on SIGN UP VIA THE WEBSITE at the bottom.|
|a2. On the next screen, fill up your email address and select a secure password for your Electroneum account.
Read the terms and conditions and tick to indicate your acceptance and agreement.
Tick on I’m not a robot, and click on Create account button at the bottom.
|a3. The next screen indicates that your account has been successfully created.
Next, you will need to do a simple email verification:
Verifying Your Email…
|b1. Log into your email and click on the verification link.
This step may also be done on your computer if you wish: ↓
|b2. Step 1 of 4: Email Activation
When this screen opens in your browser, click on the Confirm account button.
Screenshot for similar step on the computer browser: ↓
|b3. Step 2 of 4: Mobile Number (2FA)
Next, select your country code and type in your mobile phone number.
Tick on I’m not a robot and click on Send SMS. A confirmation code will be sent to your smartphone via SMS.
Screenshot for similar step on the computer browser: ↓
b4. Key in the confirmation code sent by SMS and click on Submit confirmation code.
Note: Screenshots are not provided for the following steps:
b5. Step 3 of 4: PIN Recovery
b6. Step 4 of 4: PIN Setup
Logging into Electroneum for the first time…
|c1. Launch or return to the Electroneum app installed earlier, as done in Step a1.
Key in the email address and password set in Step a2. above.
Click on LOG IN.
|c2. You are then requested to log back into your email to continue to the next step. Note that you may also do this on your computer. For simplicity, the following screenshots will show the steps done on the mobile phone.|
|c3. Look for a new email from Electroneum and click on the given link to authorise your smartphone.|
|c4. Tick on I’m not a robot.
Click on Authorise Device.
c5. Once authorised, key in the 5-digit PIN which you had set in Step b6. above.
→ Proceed to Step d1. to start using the Electroneum app.
Mine Electroneum on Mobile Phone…
|d1. Upon logging in, you will see 4 tabs at the bottom row of the screen. Before doing anything else, click on the tab More at far right.
Click on Referral program at the top.
On the next screen, under Enter a referral code, click on ENTER A CODE and key in the code D66B5C.
Important: Using this code earns you an extra 1% bonus. This referral program is an integral part of the Electroneum app that will encourage more people to get onboard with ETN simulated mobile mining, thus putting ETN into the hands of more people around the world.
|d2. Now for the most important part:
Click on the first tab Miner at far left. Click on the blue button that says START MINING to begin mining ETN on your mobile phone.
|d3. Once the Miner has accumulated a certain quantity of ETN (this could vary from account to account), the ETN is then automatically transferred to your ETN Wallet. The Wallet is given in the second tab from left, the next item on our list.|
|d4. Click on the Wallet tab.
The Wallet is a fully functioning ETN wallet that allows you the user to send ETN to and receive ETN from anyone anywhere in the world.
The wallet also serves as a repository for all the ETN mined in Step d4. above.
|d5. The third tab from the left is Value, and provides real-time data and information on Electroneum at a glance.
There is also a conversion calculator and a list of exchanges where ETN may be traded, and these may be selected at the options near the top.
|d6. As an Electroneum user, you may also participate in ETN’s referral program. In Step d1. above, click on Referral program and on the next screen shown here, click on SHOW MY REFERRAL CODE / QR.|
|d7. Your referral code and QR code will be displayed. Send your referral code to your family members and friends who may be interested to start mining ETN. As a referrer, you will receive a 5% bonus.
You may also share this article with them to help them get started on installing and running the app.
N.B.: You may sometimes find the Electroneum app quitting unexpectedly, and you will need to relaunch the app and repeat this step. This has to do with Android’s Power Saver setting, which may be adjusted or switched off completely. To do this, you may go to your phone’s Settings > Device Maintenance > Power Saving Mode. Note that different phone models may display this differently.
Mine Electroneum on Your Mobile Phone Today
Electroneum was developed to be used in the mobile gaming industry and seems to show great potential to be extended into other markets in the future. With wallet management and coin mining bundled into a single app, it is touted as one of the more user-friendly cryptocurrencies around.
Bitcoin and Electroneum may be very different in features and real-world adoption, but with Bitcoin’s increasing mining difficulty and prices touching and exceeding US$10,000 these days, Electroneum offers newcomers into the cryptocurrency space a fresh opportunity and second chance to get started into a cryptocoin still in its early stages today in 2018.
Out of the 21 billion ETN that will ever exist (versus 21 million for BTC), after deducting all the ETN sold during the ICO stage, ETN paid for bounty purposes, and ETN reserved for the Electroneum team members, a balance of 16.6 billion ETN remains for mining. While that may be a huge number, the number of ETN miners is also rapidly growing. As we approach the end of Q2 in 2018, the total number of active miners has exceeded 160,000. This is quite fast considering that the mobile miner was launched only in Q1 of the same year.
Whatever Electroneum is worth today and in the future, as more miners come into the picture, the amount available to be mined will eventually get less over time, and it is important for those who are interested in ETN mining to get started as soon as possible. Follow the procedure above and start accumulating your ETN today.
Good luck and have fun!
N.B. If you wish to invest in Electroneum directly, you may also buy ETN at an exchange such as Kucoin. However, you will first need to get bitcoin in order to buy ETN, and you may find a suitable exchange listed here based on your geographic location.