/biz/ - Business & Finance

Quick disclaimer: yes I am shilling, but I'm not trying to sell you my bags and I don't recommend buying it for btc at this point, because it's only on two obscure and unknown exchanges with low volume. I just want to let you know about this coin, so you can keep an eye on it.
So about a month ago some autist on /biz/ was telling people about a new coin called Ellaism. At that point it wasn't on a single exchange yet, but it was really easy to mine and I've been mining it with my PC since then, and have mined 670 Ella so far.
Here's a quick rundown on Ellaism:
>a simple ethereum fork with absolutely no premine
>current supply is 1.5 million coins (high inflation in the early days but it will fall off)
>one coin is worth around 2k sats on the obscure exchanges
>estimated market cap of $200k
>"dev" team doesn't intend to do anything, but there are some people who mined tens of thousands in the early days, and they already got it on two exchanges (albeit both low volume)
>the ellaism network is its own separate network, so you don't have to pay fees in ether when transferring
>works with MEW
>network hashrate has steadily risen from 2 GH when I started mining, to 150 GH as of now
>asic resistant, and the rising hashrate is a good sign
If any of you it, Minereum (MNE) which is a coin with similar supply had a $8 million market cap at some point, even though it's literally just an erc-20 token with zero use. Even after it's been exposed as a scam and abandoned by the dev it's currently still hovering over a $600k marketcap simply for existing and being on a few shit but somewhat known exchanges. I'd argue that Ellaism has more potential use than MNE, and I also like the fact that you don't have to use the ETH network with high fees to transfer it. But even if it only reaches MNE's current market cap it would still be worth 3 times as much as it is right now, making it highly profitable to mine.
Here's the website for more information: ellaism.org