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Topic: [ANN] - ELEMS - NXT MS Mintable Coin - No Premine - No IPO - Fair Distribution - page 6. (Read 7444 times)

member
Activity: 81
Merit: 10
I don't understand NXT, this coin can be mined by miner or not? Simple question.

it can't be mined in the way Litecoin, Bitcoin, etc. is mined. (different coding)

But yes it can be mined (or minted as the term with NXT) using the mint.bat miner that comes with the NXT client.

In essence, in the same sense that Bitcoin and its  alts can be mined. NXT MS Currencies can be minted.
hero member
Activity: 700
Merit: 500
hero member
Activity: 574
Merit: 500
I don't understand NXT, this coin can be mined by miner or not? Simple question.
member
Activity: 81
Merit: 10
Where is the source?

It's a coin that is built on the NXT blockchain
legendary
Activity: 2688
Merit: 1240
member
Activity: 81
Merit: 10
if someone needs the full NXT Blockchain (up to beginning of January ) its located http://peerexplorer.com/

At the bottom states "Download NXT Blockchain". Copy the unzipped part of the file into nxt_db
sr. member
Activity: 459
Merit: 250
legendary
Activity: 2688
Merit: 1240
newbie
Activity: 14
Merit: 0

SPECS

NXT BASED
Total Supply: 84 000 000 ELEMS
Minimum Difficulty: 10
Maximum Dificulty: 150
Minting Algorithm: Scrypt
No IPO
No Premine


DESCRIPTION

Elements (ELEMS) is the first MS coin using Scrypt Algorithm and the first MS coin that people start minting. ELEMS had no initial supply (pre-mining). We believe in fair distribution. At the moment there is no GPU miner. Everyone can use his computer to mint ELEMS. We want to build a great community and add value to our coin.

NO PREMINE! NO INITIAL SUPPLY! NO IPO! FAIR DISTRIBUTION AGAIN!

RESOURCES

Minting Tutorial (currently under public proof check, more info here)
https://docs.google.com/document/d/1_QdcrY1q6_n9J3NOcyoczGqELIeCy6S6zNG2Cj22bj8/edit?pli=1




ROADMAP

ELEMS Logo (coming soon)
Minting Tutorial (proof-check)
ELEMS Statistics Page --> https://nxtforum.org/index.php?topic=7534.0
Project Rescue Announcement --> https://nxtforum.org/index.php?topic=7556.0
Promotional offer for new users --> https://nxtforum.org/index.php?topic=7400.0


ANNOUNCEMENTS

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