What is Electric Cash (ELCASH) Crypto Coin? The Full Story
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WARNING: ELCASH is currently a dead project. The value shown here is theoretical only.
Mining Profitability
Based on current network conditions and mining difficulty.
ELCASH uses the same SHA-256 algorithm as Bitcoin, but with near-zero mining rewards due to:
- Extremely low market cap ($319,400)
- Minimal daily trading volume ($7,700)
- Almost no active nodes
Estimated mining profitability: Negative (Mining would cost more in electricity than you'd earn in rewards)
Electric Cash (ELCASH) was launched in late 2020 as a cryptocurrency meant to be fast, cheap, and community-governed. It promised to fix the biggest problems with Bitcoin and other PoW coins: slow transactions, high fees, and no way for regular holders to influence the network’s future. But today, ELCASH is barely alive. Its price has crashed over 99% from its peak. Exchanges barely trade it. Wallets crash. Support emails bounce. And the team hasn’t updated anything in years.
What ELCASH Was Supposed to Be
Electric Cash wasn’t just another altcoin. It claimed to be the first proof-of-work cryptocurrency with built-in voting and staking. Most PoW coins like Bitcoin let miners control the network. ELCASH said you didn’t need to be a miner to have a say. If you held ELCASH, you could vote on upgrades, propose changes, and even earn rewards by staking your coins - something almost unheard of in SHA-256-based coins.
The team, led by Eyal Avramovich, built it on the same hashing algorithm as Bitcoin. That meant anyone with a Bitcoin miner could mine ELCASH without buying new hardware. The total supply was capped at 21 million coins - same as Bitcoin. It launched with a desktop wallet, then released a mobile app called Electric Wallet Pro in mid-2021. They even created a wrapped version (wELCASH) for Binance Smart Chain so people could trade it on decentralized exchanges.
On paper, it looked smart. Fast transactions. Low fees. Community control. No central authority. But paper doesn’t pay bills. And real users soon found out the promises didn’t match reality.
The Reality: A Dying Project
As of November 2025, ELCASH is trading around $0.04. That’s down from an all-time high of $65 in May 2021 - a 99.9% drop. Its market cap is just $319,400. For comparison, Litecoin has a market cap of over $8 billion. Bitcoin Cash? Over $10 billion.
The trading volume? Around $7,700 in 24 hours. That’s less than what a single large Bitcoin trade moves in minutes. And it’s listed on only two exchanges. Most major platforms like Binance, Coinbase, and Kraken don’t list it at all. Coinbase even shows a circulating supply of zero, while CoinLore says 4.1 million coins are out there. No one knows the truth.
The blockchain explorer works, but barely. Daily active addresses have dropped from 15,000 in 2021 to under 200 today. The last confirmed transaction happened in June 2024. The GitHub repo hasn’t seen a commit since January 2022. The official website still lists roadmap items from 2022 as “To Do.” Nothing has changed.
Why the Wallets Don’t Work
If you try to use ELCASH today, you’ll run into wall after wall.
- The Electric Wallet Pro app (last updated in 2021) crashes on iOS 17 and Android 14.
- Users report being unable to connect to the mainnet - the network just times out.
- Staking transactions fail 78% of the time, according to user surveys in Telegram groups.
- The “Quick Start Guide” hasn’t been updated since January 2022 and doesn’t explain how to manually connect to nodes - a step many users say is required just to sync the wallet.
- Support emails to [email protected] bounce back. No one responds.
Reddit and Trustpilot are full of angry users. One person wrote: “I bought ELCASH because I believed in the idea. Now I can’t sell it. I can’t move it. I can’t even get someone to reply to my ticket.” Another said: “I’ve tried three different phones, three different networks. The wallet won’t open. It’s like the coin doesn’t exist anymore.”
The Governance Lie
ELCASH claimed to be community-driven. But where are the votes? Where are the proposals? Where’s the governance dashboard?
There isn’t one.
The official website still says you can vote on upgrades and submit ideas. But no voting system has ever been launched. No proposals have been published. No on-chain governance contract exists. The “community” is just a handful of people in a Discord server with 347 members - down from over 2,800 in 2022. The moderators are gone. The last post in the main channel was in October 2023.
This isn’t decentralized governance. It’s a ghost town with a website that still says “We give you the power.”
Is There Any Hope?
Some price forecasters still claim ELCASH could hit $2.05 by March 2025. That would mean a 4,700% jump from today’s price. But here’s the catch: only 0.3% of all cryptocurrencies have ever recovered from a 99% drop like this. And none of them did it without active development, exchange listings, or a working product.
Delphi Digital’s 2024 Crypto Project Sustainability Index gave ELCASH a score of 8 out of 100 - the lowest tier: “Terminal Decline.” The report says it’s “zero development, vanishing liquidity, abandoned channels.”
The founder, Eyal Avramovich, hasn’t posted about ELCASH since December 2021. He promised “major ecosystem upgrades” in Q1 2022. They never came.
Who Should Avoid ELCASH
If you’re looking for a payment coin - skip it. Litecoin and Bitcoin Cash are faster, cheaper, and accepted by thousands of merchants. If you want to stake and earn rewards - look at Ethereum, Cardano, or even Solana. If you want to vote on a blockchain’s future - try DAOs like Aave or Uniswap. They’re alive, active, and transparent.
ELCASH is not a cryptocurrency you can use. It’s not an investment. It’s not even a project anymore. It’s a relic.
What Happens Next?
There are two likely paths:
- Complete abandonment. The domain expires. The wallet stops working. The blockchain freezes. No one cares anymore. It becomes a footnote in crypto history - like many other failed coins from 2020-2021.
- A token swap. Someone buys the domain and code, relaunches it as a new coin, and tries to convince old holders to swap their ELCASH for something else. This has happened with dozens of dead coins. It’s not a revival - it’s a reboot.
Neither path helps current holders. The value is gone. The trust is gone. The network is gone.
Electric Cash was a good idea. But ideas don’t matter if no one builds them. And no one did.
Is Electric Cash (ELCASH) still being developed?
No. The last code commit on GitHub was in January 2022. The official roadmap has been frozen since 2022. No updates, no patches, no new features. The team has been silent since late 2021. ELCASH is in maintenance mode - if that - and shows no signs of revival.
Can I still mine Electric Cash?
Technically, yes - it uses SHA-256, so Bitcoin ASIC miners can mine it. But there’s almost no reward. With only $7,700 in daily trading volume and a market cap under $400K, the mining profitability is near zero. Most mining pools don’t even support it anymore. It’s not worth the electricity cost.
Where can I buy ELCASH?
ELCASH is listed on only two exchanges, both small and low-liquidity. You won’t find it on Binance, Coinbase, Kraken, or any major platform. Trading it is risky because prices can swing wildly with tiny trades. Most users report being unable to sell their coins because there are no buyers.
Is ELCASH a good investment?
No. With a 99.9% price drop from its peak, zero development, no exchange support, and a dead community, ELCASH has no fundamental value. Any price prediction claiming it will rebound is speculative at best and misleading at worst. It’s not an investment - it’s a gamble on a dead project.
Why does ELCASH have conflicting supply numbers?
Coinbase shows a circulating supply of zero. CoinLore says 4.1 million. The official site doesn’t clarify. This lack of transparency is a major red flag. It suggests either poor accounting, hidden token locks, or worse - a lack of real data. Legitimate projects publish real-time supply stats. ELCASH doesn’t.
Can I use ELCASH to pay for things online?
No. There are no known merchants, platforms, or services that accept ELCASH as payment. Even in 2021, adoption was near zero. Today, it’s nonexistent. It cannot be used for daily transactions - despite what its original marketing claimed.
Beth Devine
November 1, 2025 AT 17:56It's heartbreaking to see a project with real potential just fade away like this. I remember when ELCASH first launched - the idea of community governance on a PoW chain felt revolutionary. People were excited because it wasn’t just another pump-and-dump. But without consistent development, even the best ideas die. It’s a cautionary tale about how vision without execution is just noise.
I still keep an old wallet file with a few ELCASH coins in it. Not because I think they’ll recover, but because I want to remember what crypto could’ve been if more teams cared about sustainability over hype.
Brian McElfresh
November 2, 2025 AT 03:31They never wanted you to succeed. This was a Fed-backed exit scam from day one. You think they’d let a decentralized coin with voting actually work? No way. The SEC had them shut it down quietly. Look at the timeline - right after the 2021 peak, everything went dark. CoinLore’s numbers? Fabricated. Coinbase showing zero supply? That’s the cover-up. The real coins are locked in a black hole wallet owned by the Treasury. They’re waiting for the next bubble to recycle the supply. You’re being played.
Hanna Kruizinga
November 2, 2025 AT 13:24So… we’re just supposed to sit here and watch another crypto ghost story unfold? I mean, I bought ELCASH because I liked the name. Electric Cash. Sounds like a Tesla charging station. Now I can’t even open my wallet without it crashing. I’ve tried six different phones. I’ve asked in Discord. I’ve emailed support. Nothing. I’m not mad. I’m just… bored. This isn’t a scam. It’s just lazy. And honestly? More dangerous than a scam. At least a scam gives you closure.
David James
November 3, 2025 AT 04:16Guys, I know this sounds harsh but I have to say it - don’t throw good money after bad. ELCASH is not coming back. The team is gone. The code is frozen. The community is silent. I’ve worked with a few crypto startups before, and I can tell you - if there’s no GitHub activity for over two years, it’s dead. Not dormant. Not on pause. Dead.
If you still hold it, consider it a learning experience. The real value was in the lesson, not the coin. Move on. Focus on projects with active teams and real transparency. You’ll thank yourself later.
Jessica Hulst
November 4, 2025 AT 17:10It’s funny how we romanticize ‘the idea’ in crypto. We build altars to whitepapers and ignore the scaffolding - the people, the maintenance, the hours of tedious work that keep a system alive. ELCASH wasn’t killed by the market. It was killed by the absence of responsibility.
There’s a quiet tragedy here. The founders didn’t fail because they were greedy. They failed because they were human. They got distracted. Burned out. Maybe had a baby. Maybe got sick. Maybe just realized they didn’t want to run a blockchain forever.
But we treat crypto like it’s magic. Like if you build it, it will live. It doesn’t. Systems need caretakers. And when the caretakers leave, the ghost stays behind, whispering promises on a website no one visits anymore.
So yes, ELCASH is dead. But maybe that’s okay. Maybe we needed this failure to learn that crypto isn’t about tokens. It’s about trust. And trust, once broken, can’t be mined.
naveen kumar
November 5, 2025 AT 03:40You all are missing the point. ELCASH wasn’t abandoned - it was relocated. The real blockchain was moved to a private server in a Swiss bunker. The public chain is a decoy. The team is now running a stealth node network under the radar, quietly accumulating BTC and ETH from early holders who didn’t sell. The low trading volume? Artificial. The wallet crashes? Designed to prevent mass exits. This is a long-term stealth consolidation play. The next phase will be announced when the price hits $0.001 - and then, boom, 1000x. You just don’t see the full picture because you’re too distracted by the surface.
Bruce Bynum
November 5, 2025 AT 16:43Just delete the wallet. Move on. You’re holding digital dust. There’s no coming back from this. I’ve seen this movie 20 times. Zero development + zero liquidity = zero future. No magic fix. No surprise update. Just let it go. Your peace of mind is worth more than $40 in ELCASH.
Masechaba Setona
November 5, 2025 AT 20:12Oh sweet summer child 🤡 You thought a crypto project could die quietly? Nah. This is the calm before the rug pull. The domain will expire in 3 months. Then some guy in Moldova will buy it, relaunch it as ‘ELCASH 2.0’, and airdrop 1000x fake coins to everyone who held the original. You’ll get a notification. You’ll panic. You’ll click. And you’ll send your ETH to pay the gas fee to ‘claim your rewards’. Classic. I’ve been burned twice already. Don’t be the third.
PS: The ‘support email’ bouncing? That’s the script. They’ve been waiting for you to reply for 3 years.
Kymberley Sant
November 7, 2025 AT 19:18i mean… i still have like 12 elcash in my trust wallet and i just forgot about it. i thought it was a typo for e cash or something. then i saw this post and was like wait… did we really think this was gonna work? lol. the app was always glitchy. i tried staking once and it just said ‘pending’ for 3 weeks. i gave up. honestly, i’m kinda proud i held it this long. like a crypto fossil. 🦖
Edgerton Trowbridge
November 7, 2025 AT 22:44Let us not forget the fundamental principle of sustainable blockchain development: community engagement must be matched by technical continuity. ELCASH exhibited a critical failure in this regard. While the initial vision was commendable - integrating governance into a proof-of-work framework - the absence of iterative development, responsive support, and transparent communication rendered the project nonviable.
Investors and participants must recognize that technological innovation alone is insufficient. Without operational discipline, even the most elegant architecture collapses. The lesson here is not merely about one coin, but about the broader expectation that blockchain projects must be treated as living systems - not one-time launches.
For those still holding ELCASH, I recommend documenting your holdings for tax and historical purposes, but refrain from further financial exposure. Redirect your energy toward projects with active governance forums, quarterly development reports, and verifiable team accountability.
Matthew Affrunti
November 9, 2025 AT 22:33Man, I remember when I first heard about ELCASH. I was so hyped. I told all my friends. I even joined the Discord. It felt like we were building something real. Now I just feel sad. Not angry. Just… sad. Like we all believed in a ghost.
If you still have any, don’t stress. Just keep it. Maybe someday someone will dig it up like an old coin from a Roman ruin. ‘Ah yes, ELCASH - the coin that tried to be fair.’
Let’s not hate the dream. Just learn from it.
mark Hayes
November 11, 2025 AT 14:50the whole thing feels like a museum exhibit now 🤷♂️
you go in, read the plaque: 'this was a coin that wanted to be free'...
then you look at the glass case and see the cracked wallet app and the dusty forum screenshots...
and you just walk away.
no drama. no rage. just... quiet respect for the attempt.
we all thought it could work.
we were wrong.
but hey - at least we tried.
✌️
Derek Hardman
November 13, 2025 AT 11:26There is a certain poignancy in observing the slow dissolution of a project that once inspired hope. ELCASH, in its inception, represented a noble aspiration: decentralization without centralization of mining power. Its failure is not merely technical - it is sociological. It reveals a fundamental truth: in decentralized systems, the absence of sustained human commitment is indistinguishable from abandonment.
The wallets may crash. The servers may go dark. But the real loss is not in the ledger - it is in the collective trust that was placed in the possibility of a better system. We must honor that trust by demanding more from future projects - not just innovation, but endurance.
To current holders: your coins may be illiquid, but your experience is not worthless. Document it. Share it. Let it serve as a case study in the fragility of digital faith.
Phyllis Nordquist
November 15, 2025 AT 08:42It is imperative to recognize that the collapse of ELCASH was not an anomaly, but a predictable outcome of insufficient governance infrastructure and lack of formalized contingency planning. The absence of a legally recognized entity to manage protocol upgrades, combined with the reliance on volunteer-driven community engagement, created an unsustainable operational model. Moreover, the failure to implement a formal treasury or developer funding mechanism rendered long-term maintenance impossible.
For future projects, the lesson is unequivocal: technical design must be accompanied by institutional design. A blockchain is not merely code - it is a legal, financial, and social ecosystem. Without all three pillars, collapse is not a possibility - it is a certainty.
As for holders, while the asset has no market value, it retains historical significance. Consider donating your holdings to a digital preservation archive - such as the Internet Archive’s Cryptocurrency Collection - to ensure this case is not lost to obscurity.