Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come - page 211. (Read 785514 times)

Yes, I am contributing, and i start discussions because i care for this coin.
This is coin with great potential.
More staking wallets, i more secure coin network.
That's right or not ?

Yeah the one-click option is mandatory.

Thank you for your reply.

RPC Console -> walletpassphrase so for example to unlock wallet with password: test for 2 minutes and for stake only you would type:

walletpassphrase test 120 true

This will unlock wallet for staking and mining only with last parameter set to true.
I'll add an option in the Qt to unlock it in Nexus 2.1, already high on the priority list.

Thank You,
Viz.

Edit: macorcina, you would care to stake if you'd like to earn interest and trust starting now, and have a 3% interest rate rather than 0.5% a year from now by helping contribute to the new technology

How to stake since unlocking wallet for pos option isn't available ?

I am glad for Your expectations  1NIRO = 1 $

that is current price x 600
If I by now niro  for 5 $ x 600
In 2 years initial invesment of 5$ is 3000 $.
If i spend 60 $ for VPS to stake coins i have nothing.
60$ now invest in niro = 36 000 $ after 2 year.
why i should care about staking, VPS, security of my coins on VPS ?
if I understand this is your calculations .

Then you should account your calculations for the price in which you choose to liquidate and they will be more accurate Like for me, I won't sell any Niro until at least $1, this would put the staking of 1M Niro produce $30k a year... so if in lets say 2 years the price is $1 and I have been staking 1M for 2 years, I would have made $60k or $30k a year just from interest, regardless of the price as it is now

Thank You,
Viz.

Yes you coding, COINS, cryptoCOINS, coins with INTERST, supply, market value ....
and You code transaction fee for developing....
and  you mention for plans to apply for money transmission licence....

Nobody here is not about the money
We're all here because we love flowers, butterflys and art....  
.....................................
I make calculation because i also want success, for this coin. This is good coin.
Staking have purpose. Purpose of staking to keep network live = keep coin live.
Only successful future for coins to have more and more mining or staking (or both )
everyone make calculations, miners, investors ....
holders, and traders (day traders, swing traders .... )
and developers
at this moment someone read this words, and calculate
( invest or not in THIS coin )
and if I suggest something, and this is good for coin, then this is good for everyone who have or will have this coin, including you

Makes sense Viz, your coding is great, unlike many coins/assets, haven't really had a hard fork since you guys pre-test everything prior to launch.


Right now, all one can do is sit tight and enjoy the ride.

That's like me complaining that my coding of Nexus isn't profitable right now, it's a long term investment; usually these types of investment aren't profitable for a time after you make it, hence larger ROI over longer time. Things don't happen over night; it is your choice to invest your electricity, just as it has been mine to invest my time over the last year, and to continue for many more years to come.

Sometimes it's not about profit, its about doing something that benefits more than yourself.

Thank You,
Viz.

staking 28000 niro make around 0.65 niro in 24 hour at
stake weight 30%
trust            30%
blok             28%

0.65 niro x 30 day = 19.5 niro
19.5 niro x $ 0.001396 = 0.027222 $

to pay 5 $ and return 2.7 cents  
 

if i stake 1 000 000 niro return is amazing 0.972214286 $
does anyone of you make any calculation, ROI .... ?
which is the reason that anyone staking coin , I understand staking should stimulate people for staking....
is no sense in crypto world talk abaut 0.5 - 1 - 3 % at year......or day  ....
BTC % Spread is 1.5 - 2 % in 24 hour. minimum.

or use a VPS from someone like digital ocean. costs $5/month
and you can run more than one wallet.

Any plans to throw in some staking mobile wallets?

I guess they might help save some power costs

Staking takes very little extra energy to run, profitability can't be necessarily determined at this point in time as the price is low right now, but getting your stake now, and saving it for when price goes up increases the profit margins, so you can only base the profit on the time / price you liquidate your stake at. This could be seen as another form of investment.

Nexus Proof of Stake works as such:
You stake to get your genesis transaction at 0.5% interest. As you continue to stake your interest rate increases to 3% after a year, and your trust weight increases to 100% after 1 month.

Block weight increases to 100% in 1 day, or at the trust key expiration so you have the best chances of getting block closer to your keys expiration giving nodes that haven't gotten their daily stake more chances of getting stake block.

Block weight is exclusive to Trust keys, which means you need a Genesis transaction to establish your trust key, and then you begin to build block weight. Genesis transactions / blocks are unable to add transactions as a security measure, only Trust blocks are allowed to process transactions.

Yes all your coins will gradually move to your Trust Key, this will help join them together on one key to allow larger transactions with less inputs once all your coins are consolidated on one Trust Key. Your total Niro staking will gradually grow as well so that you are awarded more stake per block from having more Niro at stake.

Your produced Niro from stake will gradually go down after you use all your previously aged Niro as a lot of Niro have been aged since their creation [almost 1 year now maximum], which resets once they are included in a Trust / Genesis block.

Difficulty Changes in Nexus 2.0
Difficulty will be more stable now as it is using weighted averages over past 5 blocks, so this is one reason you may see it going higher along with new miners jumping on the network.

Thank You,
Viz.

Thanks again mumus.  I see the rest of my balance under the trust address.

Can someone explain to me how POS works in NEXUS?

Trust weight and block weight and stuff.

Yea I've noticed the higher reserves too, and the difficulty also jumped a bit, after the POS kicked in.

Although I did find ~ 70 blocks a couple of days back.

with low end cpu  hardware, stacking produce much more
not accepted bloks. Idea of staking is to replace mining, to keep blockchain alive,  prevent network attack...
reward for staking must stimulate people to invest in coins, and resources, hardware,
power, etc...

if we talking about coins, all start and end with calculations...
Initial investment (hardware to mine, or money to buy on exchange mined coins) , + speculations of value of coins in future, + interest for staking.........
FORM OP>
active features:

15. Nexus Proof of Stake: Explained in previous posts in detail, but in summary Proof of Stake system built from the ground up utilizing energy efficiency threshold, trust keys, and logarithmic weights to create the fairest and most stable Proof of Stake system to date.

if developer goal is  /  utilizing energy efficiency threshold,
my goal is also   /    energy efficiency threshold


compare with lot of established coins, stacking reward for nero is extremely low

I also wondered about this and I discovered with the staking all the coins are slowly transferred to the address you see for the "Trust" blocks.
Personally I think this is a good idea. I had a lot of trouble transferring a big amount of mined coins because of the transactions size.

Whats up with the rich list?  When I dumprichlist, I can see my address on the list, however the balance is about a third of what is actually in my wallet.  It was the same when i first looked at the rich list a few months back.  It looks to me as if the rich list is not accurate.

Viz, please can you explain what you have done to the diff etc on GPU channel?  I notice the reserve balance is averaging a lot higher.  The block reward goes from 63 to 39 whenever it feels like it now, it used to be when reserves dipped below 500. 

How are people finding mining on GPU channel now?  I am finding it a lot harder to find blocks, however the higher block reward does compensate for this a little?  Also still getting far too many rejects still.

This guy needs another rig just for staking, especially if he's running multiple wallets, and it wouldn't take more than 20 - 30 watts.