How Does Nexus NXS Mining Work
Nexus NXS as of 8/30/17 Price: $3.20 Rank: 45 Exchanges: Bittrex & Crytopia Marketcap: $166,44,373 low volume Circ Supply: 52,063,854 NXS First appears on coinmarket cap listing on March 6 2015 USD= 0.0017 cents BTC=0.0000064 Very Active Social Presence including slack Colin Cantrell Founder/Lead Developer (link to great interview below) Website: Very Professional/Very easy to navigate/Very informative/displays live “want to chat icon to answer questions” Mission Statement: “Nexus seeks to Free humankind from centralized systems. Being decentralized is not merely enough. We must decentralize the decentralization. Using software and hardware, Nexus seeks to build the foundation for the most decentralized system to ever be developed: Nexus Earth”. White Paper(s) is divided into multiple sections of the various components GenesisWhitepaper - The First White Paper in the Nexus White Paper Series.
There is significant artisanal mining activity along trend, indicating gold mineralization extends for some distance. Further exploration activities will determine the extent of these mineralized zones. Nexus Gold trades on the TSX Venture Exchange under the symbol NXS, in the USA under NXXGF and on the Frankfurt Stock.
PRODUCT: Free internet globally Much improved currency A network of cube satellites in space Security designed with quantum computing in mind. Combining: software, hardware, mining Basic Explanation of what “network of cube satellites” means.
Source: Reddit: “a cube satellite is 10cm3 in size. About twice the size of a rubix cube. I’m not sure how many they plan to launch into low earth orbit but you would expect 000s. Redundancy is key in a distributed network so you would expect they are prepared to lose a few to space junk collisions etc simply replace over time with more. New tech, new cubes”.
There is more in the white Paper on this. This coin is set up to be VERY friendly for mining PoW, PoS hybrid The wallet appears to be easy with options (have not downloaded this yet) The biggest CON is this is an incredibly ambitious project with multiple components to coordinate, could fail miserably (as could all the coins)! Nexus Earth - Decentralized Currency Project looking to distribute networks fairly worldwide via infrastructure such as cube satellites in space.. There are two wallets, LLD and Oracle. Oracle is best for staking (PoS) but is older and takes awhile to load. LLD is best for mining as load times for new blocks and load times for the entire database are a lot faster. There is a glitch however that appears when some third party software interrupts the program (i.e.
AV, firewall, etc.) that causes the LLD wallet to loose its trust with the network resulting in lower stake%, due to loss of Trust. Personally I mine and Stake on the Oracle wallet on linux. As far as the Cube Sats, I am not really tracking much. I have been following Vector Space Systems as they just conducted there second test launch in GA. (First was in AZ) This is the company that will bring the cube sats into space. Also happens to be Colin Cantrells (Creator of Nexus) Father James Cantrell whom owns the Rocket company perfect match!
Anyhow I will add links to the twitter accounts so you can keep up with this amazing project. Hope this helps James Cantrell (Owner of Vector Space Systems) @ jamesncantrell Colin Cantrell (Creator of Nexus) @ colinjcantrell Keith Smith (Nexus Member/Marketer) @ keithsmih Upcoming Conference @ nexus_aspen2017. Philosophically I love this coin, it’s bitcoin in 2010, is it a short term 100x like omg/neo -no- Is this coin sturdy enough to attract VC- yes. If you came for the btc dream of changing the world and stayed for the money-yes.
Long term hold-yes (possibly a year or more, we’re talking global mini satellites) What could go wrong? The list too long to write in a post.
What could go right? Free global internet, decentralized global currency Price dropped (as did about everything today Sept/2/17) 0.00057461 btc.
Burkina Faso is a landlocked nation, located in West Africa. It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country has a stable political setting with a pro-mining and foreign investment stance. Burkina Faso is the fastest growing gold producer in Africa, and was the 4th largest gold producer in Africa in 2012.
Eight new mines have been commissioned there over the past six years. The country has excellent geological potential.
The Greenstone Belts that host all of the major deposits in Ghana and Cote d'Ivoire continue northward into Burkina Faso. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining under explored in comparison to neighbouring Ghana and Mali; both of which host world class gold mines in the same belts of Birimian rocks. Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment.
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