Buy Einsteinium EMC2 Miner China

Einsteinium has been around since 2014, and since its inception has served the same purpose: funding scientific projects voted on by its holders. 2% of every block is donated to these projects. Throughout the past three years, there has not been much progress made beyond that. In fact, there have been. Overall, there were just six commits made in the past year. As far as what is happening with this coin, a hard fork is taking place next week. How Can I Mine Emercoin EMC. Through the fork, close to 50 million coins will be burned, reducing the supply by around 25%.

In addition, mining rewards will be reduced significantly. While this explains some of the recent price appreciation, a 25% decrease in supply does not justify a more than 10x increase in price. The only other “news” to speak of is a, though there’s no indication as to what this announcement might include. What may be even more troubling than the lack of substance behind this project is what this hard fork will mean. As mentioned earlier, a flat percentage of mining rewards are donated to scientific projects. By lowering block rewards, the amount donated will effectively be slashed as well.

It is an essential part of the Einsteinium ecosystem as it directly supports the fundamental idea behind bringing great. He started mining.

This seems highly counterintuitive to the perceived goal of this project. The major question Einsteinium fails to answer is what holding the coin actually does. Yes, you get a vote in where the scientific donations go. This begs the question: if you are looking to support donations to science, why would you purchase this cryptocurrency rather than make donations yourself and have 100% control over where they go? Einsteinium’s Telegram and Reddit communities (which are both comparatively small for a top 50 coin and one that’s existed for over three years, at under 2,000 members each) seem to be struggling to determine what Einsteinium’s value proposition is. When the question was posed in Telegram, one user, Ahmat, attempted an answer.

“By holding you help the price grow, this means more funding for science.” He is right that a higher-priced EMC2 means larger donations. As stated previously, however, the upcoming hard fork seems to directly oppose the philosophy of raising money to fund science. Realistically, the first part of Ahmat’s statement is what rings true to current supporters.

By holding the coin, its price goes up. Of course, this pumping ideology only rings true so long as people continue to buy in, and current investors choose not to take their profits and sell their coins. The current rally is destined to collapse at some point, likely sooner rather than later.

• • • • • • • • • • • • • Hard Fork target block has been reached! Hard Fork target block has been reached! Currently there are a few types of traders and holders of EMC2 1. Whales that bought EMC2 pricey and keep now the price stable artificially (buy walls) while dumping at a moderate loss 2.

Somewhat experienced traders that bought at 10-20k satoshi range and now have the mission of spreading hype, hope and lies on posts ('hold', 'buy more', 'EMC2 is great') and defend any criticism in hopes that price will go back up so they could return their initial investment. Those who bought very cheap 1-2 months ago and have nothing to loose even if price goes down another 50% 4.

A few inexpirienced new investors that believe number #2 Obviously EMC2 organized a well planned scam and the market took notice. Once whales are done dumping and the artificial buy walls are gone, the price will drop considerably, then those who bought in cheap will take whatever gains they got in fear of loosing the profits. Then there will be those who bought EMC2 expensive, they will hold well after price totally plummets because they are in denial and believe they can still recover their money even if waiting months/years is required. Seem to be smart but it is bad, guy. We - at least I am - hodl Emc2 because we believe in that project, i.e. The core of their ideology and technology.

We even like the way the dev team represented their way of thinking: for them, a news is mindblowing if it is good for the project itself and for the progresion of the science in general, not for some day-dreamer paranoic investors. The price has been dumped hard by the pump & dump groups, just fews minutes before the news came. So it is to blame yourself if you losed your money. If you did not sell, you will win for sure. I gained ~30% on emc2 and sold on time so i'm good. The thing that bothers me is that there are other altcoins with excellent developers that stagnate for months due to honesty then there is altcoins like emc2 that create hype out of thin air and lies and pump the price up. Professional programmers evaluated EMC2 development on github and came to conclusion that nothing was done since 2015 except very minor updates.

The only money that the spent on science projects was $3000. Isn't that laughable for a ~$300 million market cap altcoin? I sold and i'm not buying this coin ever again, i'd rather loose money with other altcoins than win with EMC2, by the way, it's price seems to loose stadily 1000 satoshi every day since the 'mindblowing news' • • • • • • •.