Electroneum to Release Mobile Miner App

Electroneum mobile miner will allow anyone with a smartphone to earn a few dollars worth of cryptocurrency every month
02 March 2018   314

Electroneum, a cryptocurrency which is giving access to over 100m smartphone users via mobile operators, aims for 10s or even 100s of millions of users and has a defined route to market.

Electroneum has announced that its mobile miner will be going live on Monday, March 5.

A few dollars per month may not seem like much – but a billion people across the world live on US$2 or less per day. 71% of the world’s population live on US$10 or less.

Electroneum announcement

The mobile miner will allow anyone with a smartphone to earn a few US$ worth of cryptocurrency every month by mining Electroneum. It uses very little electricity and just a tiny amount of data, and requires no technical knowledge.

At the moment of press, these are main market parameters of Electroneum:

Average price: $0,071475
Marketcap: $450 728 901
24h volume: $2 057 470

Largest mining farm to be built in the UK

The well-known UK tech company Bladetec is building the first large Bitcoin mining farm in Europe
20 March 2018   177

Bladetec had already got an experience in IT support for NATO and the Ministry of Defence of the UK in the past. Today its idea is funded by investors in a limited company which is protected by UK law.

The facility - Third Bladetec Bitcoin Mining Company (TBBMC), situated on the Southeast of the country, is going to cover 3,500 square feet in three different places: in London, Suffolk and Surrey.

Today the company is raising £10 million from investors for building and operating the farm for up 2 years. The farm will become global and significant, also it is supposed to be introduced in the world`s top 25 and produce considerable return for shareholders (as a result of its dominant position).

The minimum investment to TBBMC project set by the company is £ 5,000 from each applicant. The project allows the capital growth up to even 45 % within a period of 2-3 years. The returns for the shareholders at that stage would be based on the Bitcoins sales`proceeds and the ASIC machines. If the price of Bitcoin does drop by 40 %, an investor may lose 22 % of his capital.

The company declared that it is going to mine 1,280 bitcoins within a period of two years. Nowadays it's difficult to predict how much those Bitcoins may be worth in two years. According to current prices, they will be valued at £ 7,8 million. But the situation may probably change before 2021. As for the raised funds, they would mostly be spent on the energy costs, despite the low energy bills' agreement between Bladetec company and the intended wind farm.

Bitcoin mining is more popular in the countries where the weather is cold (such as Iceland and China). The government of Iceland can implement a tax on mining because of the energy consumption. Chinese authorities insists on the ending of the cryptocurrency trading and mining in the country.