So part of my current financial goals have been to try and strike it with ICO’s. Toss 30-50 bucks into an ICO I like and move on. So I bought 30 bucks worth of Electroneum, or 3000 ETN. Well as many of us already know Electroneum has released on https://www.cryptopia.co.nz
Initially it released 17x higher than what people bought it for. Problem is those funds were all locked up in wallets due to security concerns from Electroneum Devs.
I did recognize a potential windfall though, and switched my Eth miner to Electroneum. And I broke it. I guess the frequent reboots to load the new configs borked the PSU. So I ordered a new PSU, and figured out a new (potentially better) way to capitalize on the low difficulty, high pay out entry coin.
I jumped onto Nicehash and ordered some hashes overnight, on the first full night Electroneum was mineable. I woke up in the morning, and my 200 dollar investment had paid off about 1500 dollars. Now I am long on Electroneum, so I did not cash out (even though I should have on the pump and rebought on the dump which is occurring right now). I am trying to be somewhat conservative and it costs me a bit. In the end I am still up even though the value is currently down.
Everyone else seemed to have jumped on the nicehash bandwagon, and prices for hashes went through the roof. I still think there may be potential when the coin switchers switch to something more profitable, but I am just watching it.
Yesterday my new PSU arrived and I am making about 200 dollars a month mining Electroneum on it. I still think there is money to be made, and this should be worth a dollar or two in a year or so. So long positions are solid in these early days.
Please upvote, follow, and resteam
