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Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 366. (Read 901853 times)

full member
Activity: 238
Merit: 100
NSF Update

Very quiet 12 hours, we have not been active at all, so the recent range-bound trading is pure supply/demand.

Today's Coin Agenda May 13, 2014

-WorldCoinIndex has stated it will list NAUT...hopefully today
-Coinmarketcap - I will reach out...again
-MAC/OSX Wallet - we have dev working on it and I also know there are a few ready to go, i will attempt to get a better estimate on completion from our dev


Questions for Community

-I would like to get a market established to trade NAUT for Gold, I know there are a some exchanges that do this...looking for suggestions/best places?


Appreciate the support!

-BK

I think it is a good idea but I am also uncertain where to achieve this
hero member
Activity: 690
Merit: 501
Coin is back on an upward trend. We will see 40k again this week.
sr. member
Activity: 266
Merit: 250
I can't believe the price is low, the appreciation of space is too big, where can I buy

this coin

Poloniex - place a buy order for .00040000 please

thanks
newbie
Activity: 19
Merit: 0
I can't believe the price is low, the appreciation of space is too big, where can I buy

this coin
full member
Activity: 210
Merit: 100
NSF Update

Very quiet 12 hours, we have not been active at all, so the recent range-bound trading is pure supply/demand.

Today's Coin Agenda May 13, 2014

-WorldCoinIndex has stated it will list NAUT...hopefully today
-Coinmarketcap - I will reach out...again
-MAC/OSX Wallet - we have dev working on it and I also know there are a few ready to go, i will attempt to get a better estimate on completion from our dev


Questions for Community

-I would like to get a market established to trade NAUT for Gold, I know there are a some exchanges that do this...looking for suggestions/best places?


Appreciate the support!

-BK
sr. member
Activity: 1009
Merit: 261
A slow steady climb is much more preferable

Exactly, which is the whole point of the experiment
sr. member
Activity: 266
Merit: 250
still holding could see this skyrocket in a few more days

I'm actually hoping it doesn't ...A slow steady climb is much more preferable
sr. member
Activity: 266
Merit: 250
BK - thanks for the explanation, although one of my co-workers whos run a hedge fund read your Ann a few days ago an explained it all to me. He agreed with your design and he should know he's a Best Selling Author on Amazon and has one of the top 5 investment books on the market.

you wrote:
Quote
That is to say if a miner decides to dump, the NSF can only buy so much.

I would add that when dumps occur buyers who've been sitting on the sidelines quickly move in to capitalize on a 'good deal' - what's been lacking as was the case of Black Coin (as I sat there and watched it's run up a few week ago and subsequent crash...and I held on too long  Angry) was the lack of a stabilization fund and no real sense of cohesiveness on the part of the coin holds themselves and it was 'every man' for himself mentality as the sell off began - Kind of like the Wall Street crash a few years ago. The NSF is certainly no slam dunk when it comes to stabilization but no one else has ever offered anything like it before so kudo's to you.

And as my co-worker says: "Panic selling is not an investment strategy" - so thanks for the NSF - it's an interesting experiment that could change the face of all new coins being introduced. I hope your patented it: LOL

ps: on a positive note, I see that the Network Hashrate is down under 4 this morning - it was pushing 5 last night so hopefully the multi-pools are losing interest.

one more pss if anyone wants to comment. I've read briefly on KGW - would that be of help to us here?


hero member
Activity: 1778
Merit: 520
still holding could see this skyrocket in a few more days
sr. member
Activity: 1009
Merit: 261
NSF Explained

The NSF is designed to act as a speed bump - when things get out of hand in either direction the NSF has the ability to step into the market. As with all systems the NSF has a flaw too - it can be overwhelmed.  That is to say if a miner decides to dump, the NSF can only buy so much...alternatively if merchant and investment interest create tremendous demand the price can move rapidly higher.

The speed bump nature of the NSF is a way to gain acceptance, just like Hayek concluded.  The NSF does not prevent the price from appreciating significantly, it just aims to make the pace reasonable so end users of the currency will be attracted.  At the same time, the NSF cannot prevent the price falling to zero as it does not have enough fire power to buy every NAUT in existence.

-BK


I'm assuming that the speed bump was introduced at a couple of key points yesterday. The price looked like it was heading south of 18/19, and all of a sudden buy orders of several thousand were introduced at key levels. This forced (some) buyers to shift their orders above that level, and the price shifted north again.

If that was your system in play, then it worked, congratulations.
full member
Activity: 144
Merit: 100
Hi, guys

We now support Scrypt ASIC miners.

We have updata the pool config. Now,  you can use stratum+tcp://stratum.0feepool.com:3005 with high hashrate rigs.

The 3005 port is vardiff and started with diff 1024. So it should be enough for hundreds MH/s rigs.

Now, put your high hashrate rigs to the biggest naut pool http://naut.0feepool.com and mine with stratum+tcp://stratum.0feepool.com:3005 It will be higher efficiency than other pools.

sr. member
Activity: 448
Merit: 250
mine at MOOOPOOL Smiley http://nautilus.mooo.com

Just rented a 500 MHs monster and the pools can't handle it.  Can a pool op set me up with a worker that has vardiff set to 1024 for starters?

Anybody?  0.3 BTC for 3 hours and 1/2 hour already gone.  Keeps getting kicked because the initial difficulty is too low.

http://naut.0feepool.com is set at vardiff 1024.

@BK_PHI
Order in for T-Shirt, check PM :-)
Eventually it gets there but starting vardiff is 32.  Just tried with rig operator to ease into it and it still dumped me off...




dude i was really close to scoop 3 hours on that 500 , glad someone else tested it before me, i had 200mh yesterday for 6 hours during very unlucky time for a pool made 200 coins only with it, today i went with 27mh but over 24 hours so it evens out nicely, with multipools kicking ass it's to risky to rent anything less than 24hr so you have enough time to recover from unlucky streaks, but on the other hand i hope your 500 hits the lucky streak and you make shitload.

Unfortunately not.  Spent 45 minutes trying to find a pool that could handle it.  Finally Bitember stepped up to the task.  Found 2 whole blocks.  Woo hoo!  Undecided



yeah i learned the hard way too 0.25 btc for 200 coins, so smaller hash over 24hr is what i'm doing now, good luck.
member
Activity: 70
Merit: 10
Um, transmission fees for this coin are too high on most exchanges. 

I've seen some with one Naut transmission fees, WTF?

.0001 or lower, this .1 to 1 xmit fee is going to kill people keeping this coin from multipools, which means it will just be dumped till the BTC is squeezed out of it. 
full member
Activity: 238
Merit: 100
Glad you got one that works for you :-)

Hmm, didn't sense the sarcasm I suppose.  0.3 BTC for a little over 300 NAUT is a really - really bad deal.  

Would have been better off at one of the dreaded multipools  Angry

Well, there goes retiring at 33

Sarcasm was not meant here, I apologize if it came off that way, I meant in the sense of at least you eventually found a pool that could handle it. Mayhaps it will pay out in the long run for you.

Also, with how often multipools are hitting Naut making the diff end up so high so frequently, my previous statement about a multipool might just be worthwhile. As a temporary option [Suspicious link removed] has a number of payout options already. If we show them interest we might be able to get them to add Naut:
https://bitcointalksearch.org/topic/annpoolprofit-switchoptional-auto-exchange-per-coinvardiff-hashcows-293872
sr. member
Activity: 392
Merit: 250
Glad you got one that works for you :-)

Hmm, didn't sense the sarcasm I suppose.  0.3 BTC for a little over 300 NAUT is a really - really bad deal.  

Would have been better off at one of the dreaded multipools  Angry

Well, there goes retiring at 33
full member
Activity: 238
Merit: 100
mine at MOOOPOOL Smiley http://nautilus.mooo.com

Just rented a 500 MHs monster and the pools can't handle it.  Can a pool op set me up with a worker that has vardiff set to 1024 for starters?

Anybody?  0.3 BTC for 3 hours and 1/2 hour already gone.  Keeps getting kicked because the initial difficulty is too low.

http://naut.0feepool.com is set at vardiff 1024.

@BK_PHI
Order in for T-Shirt, check PM :-)
Eventually it gets there but starting vardiff is 32.  Just tried with rig operator to ease into it and it still dumped me off...




dude i was really close to scoop 3 hours on that 500 , glad someone else tested it before me, i had 200mh yesterday for 6 hours during very unlucky time for a pool made 200 coins only with it, today i went with 27mh but over 24 hours so it evens out nicely, with multipools kicking ass it's to risky to rent anything less than 24hr so you have enough time to recover from unlucky streaks, but on the other hand i hope your 500 hits the lucky streak and you make shitload.

Unfortunately not.  Spent 45 minutes trying to find a pool that could handle it.  Finally Bitember stepped up to the task.  Found 2 whole blocks.  Woo hoo!  Undecided

Glad you got one that works for you :-)
sr. member
Activity: 392
Merit: 250
mine at MOOOPOOL Smiley http://nautilus.mooo.com

Just rented a 500 MHs monster and the pools can't handle it.  Can a pool op set me up with a worker that has vardiff set to 1024 for starters?

Anybody?  0.3 BTC for 3 hours and 1/2 hour already gone.  Keeps getting kicked because the initial difficulty is too low.

http://naut.0feepool.com is set at vardiff 1024.

@BK_PHI
Order in for T-Shirt, check PM :-)
Eventually it gets there but starting vardiff is 32.  Just tried with rig operator to ease into it and it still dumped me off...




dude i was really close to scoop 3 hours on that 500 , glad someone else tested it before me, i had 200mh yesterday for 6 hours during very unlucky time for a pool made 200 coins only with it, today i went with 27mh but over 24 hours so it evens out nicely, with multipools kicking ass it's to risky to rent anything less than 24hr so you have enough time to recover from unlucky streaks, but on the other hand i hope your 500 hits the lucky streak and you make shitload.

Unfortunately not.  Spent 45 minutes trying to find a pool that could handle it.  Finally Bitember stepped up to the task.  Found 2 whole blocks.  Woo hoo!  Undecided
sr. member
Activity: 448
Merit: 250
mine at MOOOPOOL Smiley http://nautilus.mooo.com

Just rented a 500 MHs monster and the pools can't handle it.  Can a pool op set me up with a worker that has vardiff set to 1024 for starters?

Anybody?  0.3 BTC for 3 hours and 1/2 hour already gone.  Keeps getting kicked because the initial difficulty is too low.

http://naut.0feepool.com is set at vardiff 1024.

@BK_PHI
Order in for T-Shirt, check PM :-)

Eventually it gets there but starting vardiff is 32.  Just tried with rig operator to ease into it and it still dumped me off...




dude i was really close to scoop 3 hours on that 500 , glad someone else tested it before me, i had 200mh yesterday for 6 hours during very unlucky time for a pool made 200 coins only with it, today i went with 27mh but over 24 hours so it evens out nicely, with multipools kicking ass it's to risky to rent anything less than 24hr so you have enough time to recover from unlucky streaks, but on the other hand i hope your 500 hits the lucky streak and you make shitload.
full member
Activity: 210
Merit: 100
thanks for the info Brian. However, I will point out that while Bitcoin's value fluctuated wildly at first, it has become much more stable. IF you look at the charts over the last weeks it has been around $450 plus or minus less than 5%.

that said, I am on board with your project and hope it rises to the top of the alt-coin pile.


Completely agree, perhaps someday we will not need the NSF, but to attract bees we need some honey. I would be perfectly happy if NAUT volatility calmed down at $450...at that price I am happy to wind down operations Wink

But it brings up an interesting point that perhaps BTC has found its equilibrium price between supply and demand
legendary
Activity: 1736
Merit: 1001
thanks for the info Brian. However, I will point out that while Bitcoin's value fluctuated wildly at first, it has become much more stable. IF you look at the charts over the last weeks it has been around $450 plus or minus less than 5%.

that said, I am on board with your project and hope it rises to the top of the alt-coin pile.
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