A non-profit crypto? Einsteinium is likely the first “non-profit” most of us have encountered in crypto. A member of the Bitcoin family, closely resembling that clever niece or nephew and committed to the open source world, research, and development. Hopes to “Fund the future with the future of currency” (Einsteinium Foundation, 2017). So, it’s a “Foundation”? The Einsteinium Foundation’s mission is to raise funds for scientific research. Their mining tax creates a pool that will provide grants to deserving applicants.

Bill DeLisle wrote for “First launched in 2014, Einsteinium is a unique cryptocurrency that combines the standard p2p ambitions with a philanthropic underpinning that strives to fund scientific research through its platform (DeLisle, 2017).” Shawn Williams of The Motley Fool puts it “Einsteinium’s mission is to be a charitable fund for scientific, technological, educational, and blockchain-based studies. It uses a similar proof of work algorithm to that of Bitcoin, but is the very first research-focused nonprofit organization in the crypto market space (Williams, 2017).”.

As I edit this, they just hit a list of 2017’s 3 currencies that had over 100,000% gains on – at peak EMC2 was up 262,195%, YES, Two hundred sixty-two thousand, one hundred and ninety-five percent (ChillXSeven, 2017). What is the total supply, really? Originally, the coin supply was set at 299 million coins but, with revisions by the Foundation, there has been a 25% reduction in coins (technically, 55,075,320) from (leaving 243,924,680) and the is 216,219,090 at time of writing (Coin Market Cap, 2017), leaving something like 27,075,590 on reserve. Why here, in the land of Moonghinis? “Funding around the world for the ‘big ideas’ has fallen dramatically in recent years.

There are no restrictions on which projects are eligible, but they must have science involved; working to push our understanding forward and striving to build us a better, safer and more stable future” says a quote on their section (Einsteinium Foundation, 2017). Science-y people making science-y things happen with the help of humans still believing in the human scientific endeavor. That’s pretty neat. How can you buy EMC2? You first need to buy Bitcoin or Ethereum on and then transfer it over to your account at to exchange it for EMC2.

If you get stuck or need help, send us a message through our or use our and someone on staff will walk you through the process.

Step 3: Get your Bitcoin address After opening an account at one of the exchanges above, obtain your BTC wallet address. The details for obtaining a wallet address vary from exchange to exchange, but it is usually relatively straightforward. Make sure to get your “deposit” or “receiver” address. It will be a long string of random characters, looking something like this: 1Nk7sb84BC9qeuVj12TL25cqHTN9zuByVc Copy this address for the next step. (Your own unique address of course, not the address above!). Step 5: Trade BTC for EMC2 After you receive the BTC in your “secondary” exchange account (it usually takes a few minutes) you can trade it for Einsteinium within the exchange. The details for trading currencies vary depending on the exchange.

Einsteinium is likely the first “non-profit” most. What is Einsteinium (EMC2)? A beginner’s guide in. Their mining tax creates a pool that will provide. The Einsteinium Foundation has a mission to raise funds for scientific research, our mining tax creates a pool of funds that provide grants to deserving applicants.

Generally, you will look for the EMC2/BTC trading pair and buy or “place an order” to buy EMC2 with your BTC balance. Your order may fill immediately or after a short while. If there is a delay, it is usually to find sufficient matching “sell” order(s) for your buy order.

The Einsteinium Foundation has a mission to raise funds for scientific research, our mining tax creates a pool of funds that provide grants to deserving applicants. A Step-by-Step Beginner’s Guide. Buying cryptocurrency doesn’t have to be complicated! Follow the steps below to get started investing in Einsteinium (EMC2). EMC2-Stratum-Mining - EMC2 Compatible Fork of Stratum Mining Code.

Bitcore BTX Mining Computers. Now you have some Einsteinium 🙂. Step 6 (Optional): Store your Einsteinium in a private wallet Now that you’ve got some coin, you can just leave it at the exchange where you bought it. Maybe you want to hold your EMC2 or maybe you want to trade it for other coins. Another option is to move your coins to a wallet.

Here is a list of wallets that hold EMC2: • There may also be a coin-specific Einsteinium wallet, which you can. In general, there are different types of wallets – hardware, desktop/software, mobile, web or paper. Some have cross-functionality but most are dedicated to single platform. Each type of wallet has different pros and cons but they all provide the benefit of having an additional place to store your digital currency. Increased security may be advantage of storing your coins in a private wallet, since exchanges have been hacked in the past. It can also be good to have a backup location to store your EMC2 and will give you options for moving your coins in the future. About this guide This is intended as a beginner’s “101” guide that provides a fast and easy route for acquiring Einsteinium.

There are many subtleties and best practices (such as using secure passwords, 2-factor authentication, etc.) to consider when buying digital currencies. There are plenty of sites out there that provide a wealth of information about cryptocurrency and altcoins. The point of this guide is to simplify the discussion a bit for the general goal of purchasing EMC2.

As always, use common sense.