Topic: Nucleon | PoW Masternodes (x11 Mining) | Masternode Hosting | INTERNAL SENTINEL - page 23. (Read 460715 times)

The presale page will stay open for one week following launch

Wallets will be out much sooner than a lot of people think

So, about the block reward structure..

As an example, Siacoin started at 300,000 coins per block and is reduced by one coin per block, which gives a line that looks like this:



That is simmed out for a short amount of time, but the line angle will never change. At block 300k, they will have as 44,995,351,500 coins. Not very interesting for miners long-term and is actually pointless to even turn rigs on at this point

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From very early in the development, around maybe May/June of this year, I have run hundreds of sims to try figuring out how to keep it worth it for miners long-term, but also not totally fuck this up three years from now



This picture shows the trend and formula I was looking to achieve. Ignore the values, focus on the lines for these two pictures. Also, the graph test formula will have a total of 16,082,929,602 with 50% (later increasing to 80%) of those coins will be going to masternodes

Half the list of rewards can be found here: https://mealworms.biz/nucleon/NEONRewardSim.txt

It's run about halfway through, but I'll be finished with simming that all the way out to block 300,000 tonight

Also, it will take several years to get to this block

A few people have asked me in Discord, but according to the sims, there will be 16,082,929,602 coins total at Block 299k

It's on two pages of the site, under this:


BLOCK REWARD STRUCTURE
Nucleon has a unique Block Reward Structure that has never been seen before. Not only will it slowly trend downwards to ensure inflation does not get out of control, but it will also feature larger blocks on the way down to provide miners an incentive to keep their mining rigs on the network. By using the x11 mining algorith, Nucleon welcomes the use of ASIC mining to ensure long-term network security on the blockchain. By encouraging ASIC mining, Nucleon hopes to entice users to keep their rigs on our network with interesting block rewards that will reward everyone involved from users to miner to Masternode hosts. The general trend for Nucleon blocks will lower rewards by 1 NEON per block, but it is not a straight line down. The formula used will create blocks with a bump of significantly larger rewards on the way down ensuring longetivity with interesting rewards, while also controlling inflation by focusing on a consistently downward trend

As a long-term solution to retaining miners, Nucleon will never have a reward that generates less than 1000 NEON per block; there is a hard-coded failsafe that ensures 1000 coins is the lowest possible reward for any block, no matter what!

Planned Block Rewards are not a secret and are available for viewing!
For a full list of Block Rewards through Block 297k, please click here

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I will finish the sim later today, but this goes until block 102k so far, will be at the same address when the sim is done

hello
explorer have?
and I can't add a coin to your calculator https://calcminer.info/ 

It will be a while before anyone actually has the ability to run a masternode, other than the dev-team's pooled masternode.

Masternode collateral is 100m and initial supply will be 100m swap + 100m offering

I didn't see any info on max supply and block reward schedule. I suppose that is still TBD?

"Developer Note: You will not be required to use third-party software, such as Python and/or Sentinel, to run a Nucleon Masternode. Nucleon is the first coin to feature Internal Sentinel, which is hardcoded into the wallet and automatically run and will be fully configured for you.. inside the wallet!"

Best news of the year!

Source: https://mealworms.biz/nucleon/presale.html

pool 

There will be a pool ready for launch, too

Very excited about this ! Almost a year already with the Nucleon community!
Waiting for the swap instructions and the start of POW so we can join the pool

Also, we will have a spot on CoinExchange for the new blockchain right away (I've already confirmed this with their ownership)

Thanks for sticking around. I know the last three months have seemed like forever, but we have been very busy working on this pretty much everyday

I was one of the first folks to join the community, great team and great project. Cannot wait.

PS. I cherry popped their general discord chat. Wooooot go Nucleon!

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SWAP AND PRESALE INFORMATION
NUCLEON WILL HAVE 100M FOR THE SWAP AND 100M FOR THE PRESALE


Developer Note: You will not be required to use third-party software, such as Python and/or Sentinel, to run a Nucleon Masternode. Nucleon is the first coin to feature Internal Sentinel, which is hardcoded into the wallet and automatically run and be fully configured for you.. inside the wallet!




Swap Information
Nucleon has been around for a long time. Featured on the HealthyWorm Forums (prior to the rebranding to https://mealworms.biz), Nucleon was the first coin generated via web-based mining. There will be four masternodes set up by the development team upon launch to ensure all features, such as mixing and instant send, are available from the first public block. There will also be 999 blocks mined at the absolute minimum reward at the beginning of the blockchain to ensure there is a fair, non-instamined launch! The new blockchain will be eliminating all forms of Proof-of-Stake and will revert to a purely Proof-of-Work model.

Every coin on the old NEON network will be worth approximately 2500 NEON on the new blockchain. This swap will be performed in Discord (join us here: https://discord.gg/nwdwgXf) and will be monitored closely by the full development team for a period of one month. Any coins not swapped will be added to the promotional balance used for marketing campaigns via Twitter and other social media outlets.. trust us, we are very good at these!


Presale Information
In addition to the blockchain swap, Nucleon will be having a very short opportunity to be involved at the initial state; this will end as soon as 100m coins are claimed OR until the blockchain launches, at which point the development team itself will purchase and outstanding balance needed to fully fund the Masternode. We were not planning on offering this, but due to the work we have been doing to get this ready and all the testing that has been going on for the past three months, we have decided to offer 100m NEON in a pre-launch sale. These coins will automatically be included on the Masternode sharing site. This means that if you grab 10% of the available coins in the presale, you will be the proud owner of 10% of a Masternode when the new chain launches. The best part? The Masternode will be hosted for you! That's right, it will automatically be set up and hosted when the new blockchain launches. At an extremely low price of 0.00000003 BTC per NEON, each coin in the shared Masternode will automatically be paid accordingly; this is why it is imperative for you to include a proper and valid email address during checkout as we will ONLY contact you through that to get your Nucleon address on the new blockchain.

Any questions can be directed to our Discord channel, located here: https://discord.gg/nwdwgXf

To view more information on the new blockchain, as well as features and how Masternodes are paid, keep reading this page! As a final thought, please keep in mind we are not going for a massive crowdfunding campaign! The total available is only worth 3 BTC.. COMBINED!! In addition to this, and as a personal guarantee from the development team, any unsold portions of this Masternode will be purchased by the dev team itself; WE WILL GUARANTEE THIS MASTERNODE IS FULLY FUNDED AND FUNCTIONAL FOR LAUNCH.. Talk about putting your money where your mouth is, huh!? If you've already heard enough and are ready to join.. well, here's a button for you to get involved!




MAJOR FEATURES OF THE NUCLEON BLOCKCHAIN, INCLUDING MASTERNODES

Developer Note: You will not be required to use third-party software such as Python and/or Sentinel, to run a Nucleon Masternode. Nucleon is the first coin to feature Internal Sentinel, which is hardcoded into the wallet and automatically run and will be fully configured for you.. inside the wallet!


Quick Coin Specs

• 8 minute block time with 2MB blocks
• X11 Mining Algorithm (CPU/GPU/ASIC)
• Instant transactions using InstantSend
• Decentralized second-tier masternode network
• Dark Gravity Wave difficulty adjustment algorithm
• Superior transaction anonymity using PrivateSend

Scroll down for more information on Masternodes and other features of the Nucleon wallet![/li][/list]


MASTERNODES
In addition to traditional Proof of Work (PoW) rewards for mining Nucleon, users are also rewarded for running and maintaining special servers called masternodes. Thanks to this innovative two tier network, Nucleon can offer innovative features in a trustless and decentralized way. Masternodes are used to power PrivateSend, InstantSend, and the governance and treasury system. Users are rewarded for running masternodes: 50% (increasing to 80% after Block 100,000) of the block reward is allocated to pay the masternode network. Masternodes are resposible for processing both PrivateSend and InstantSend. Masternode owners must have possession of 100,000,000 Nucleon, which they prove by signing a message and broadcasting to the network. Those coins can be moved at any time, but moving them will cause the masternode to fall out of queue and stop earning rewards. Masternode users are also given voting rights on proposals. Each masternode has one vote and this vote can be used on budget proposals or important decisions that affect Nucleon. Masternodes cost money and effort to host so they are paid a percentage of the block reward as an incentive, which is 50% of the Block Reward, increasing to 80% after Block 100,000

PRIVATESEND
PrivateSend gives you true financial privacy by obscuring the origins of your funds. All the Nucleon in your wallet is comprised of different inputs, which you can think of as separate, discrete coins. PrivateSend uses an innovative process to mix your inputs with the inputs of two other people, without having your coins ever leave your wallet. You retain control of your money at all times


PROCESS
PrivateSend begins by breaking your transaction inputs down into standard denominations. These denominations are 0.01 NEON, 0.1 NEON, 1 NEON and 10 NEON – much like the paper money you use every day
Your wallet then sends requests to specially configured software nodes on the network, called “masternodes”. These masternodes are informed then that you are interested in mixing a certain denomination. No identifiable information is sent to the masternodes, so they never know “who” you are
When two other people send similar messages, indicating that they wish to mix the same denomination, a mixing session begins. The masternode mixes up the inputs and instructs all three users’ wallets to pay the now-transformed input back to themselves. Your wallet pays that denomination directly to itself, but in a different address (called a change address)
In order to fully obscure your funds, your wallet must repeat this process a number of times with each denomination. Each time the process is completed, it’s called a “round”. Each round of PrivateSend makes it exponentially more difficult to determine where your funds originated. The user may choose between 2-8 rounds of mixing
This mixing process happens in the background without any intervention on your part. When you wish to make a transaction, your funds will already be anonymized. No additional waiting is required
Note that PrivateSend transactions will be rounded up so that all transaction inputs are spent. Any excess Nucleon will be spent on the transaction fee

IMPORTANT: Your wallet only contains 1000 of these “change addresses”. Every time a mixing event happens, one of your addresses is used up. Once enough of them are used, your wallet must create more addresses. It can only do this, however, if you have automatic backups enabled. Consequently, users who have backups disabled will also have PrivateSend disabled



INSTANTSEND
By using a two-tier network, Nucleon is able to quickly confirm transactions much faster than most other networks. Traditional decentralized cryptocurrencies must wait for certain period of time for enough blocks to pass to ensure that a transaction is both irreversible and not an attempt to double-spend money which has already been spent elsewhere. This process is time-consuming, and may take anywhere from 15 minutes to one hour for the widely accepted number of six blocks to accumulate. Other cryptocurrencies achieve faster transaction confirmation time by centralizing authority on the network to various degrees. Nucleon suffers from neither of these limitations thanks to its second layer network of masternodes. Masternodes can be called upon to form voting quorums to check whether or not a submitted transaction is valid. If it is valid, the masternodes “lock” the inputs for the transaction and broadcast this information to the network, effectively promising that the transaction will be included in subsequently mined blocks and not allowing any other spending of these inputs during the confirmation time period. InstantSend technology will allow for cryptocurrencies such as Nucleon to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale situations while not relying on a centralized authority. Widespread vendor acceptance of Nucleon and InstantSend could revolutionize cryptocurrency by shortening the delay in confirmation of transactions from as long as an hour (with Bitcoin) to as little as a few secondsBy using InstantSend, Nucleon is able to compete with other, more mainstream technologies such as credit card and PayPal payments without using a central authority, thus keeping the reality of decentralized financial security a reality



BLOCK REWARD STRUCTURE
Nucleon has a unique Block Reward Structure that has never been seen before. Not only will it slowly trend downwards to ensure inflation does not get out of control, but it will also feature larger blocks on the way down to provide miners an incentive to keep their mining rigs on the network. By using the x11 mining algorith, Nucleon welcomes the use of ASIC mining to ensure long-term network security on the blockchain. By encouraging ASIC mining, Nucleon hopes to entice users to keep their rigs on our network with interesting block rewards that will reward everyone involved from users to miner to Masternode hosts. The general trend for Nucleon blocks will lower rewards by 1 NEON per block, but it is not a straight line down. The formula used will create blocks with a bump of significantly larger rewards on the way down ensuring longetivity with interesting rewards, while also controlling inflation by focusing on a consistently downward trend

As a long-term solution to retaining miners, Nucleon will never have a reward that generates less than 1000 NEON per block; there is a hard-coded failsafe that ensures 1000 coins is the lowest possible reward for any block, no matter what!



DEVELOPMENT TEAM
The Nucleon Development Team is comprised of some of the most experienced developers who have been involved with cryptocurrency and related services for many years. Not only are we all extremely versed in this space, we have also worked behind the scenes for many of your favorite coins and sites! The team is a collaboration of five people who have been writing, editing, and forking code such as coins, mining pools, online and offline graphics such as wallet designs, websites, and logos, services like web wallets, block explorers, payment processors, and tons more; if crypto has it, one of us has done it! All of this experience and collective learning has lead us to each other for Nucleon and we are all very excited to continue working on a dedicated project together. Nucleon development is lead by iGotSpots and Nashanas. Web services like mining pools, block explorers, and masternode sharing programs are run by g420 and pjcltd. Wallet layout has been designed by Zoras. While it sounds weird to use psuedonyms as your faithful team, most of us are not anonymous at all and are very easy to identify. We are here to service the Nucleon community and our goals are exactly the same: provide the best product and the best user experience possible to each and every single user. Whether you hold 1 NEON or 120 millon NEON, you are our main focus. We look forward to interacting with the community and taking every suggestion into consideration to better improve the experience and returns for you, the individual user