When Will Nexus NXS Be Fully Mined
Author: Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come (Read 734962 times).
“You can’t ask people to boycott a system,” Nexus cryptocurrency founder Colin Cantrell says, “without offering something for them to use instead.” Truth. Too many people are quick to hit the pavement, screech in angry tones, cry for attention, swell their postures, pump their appendages, compete for the biggest, brashest cardboard sign, unisonically shame those who hold opposing thoughts Without even a shred of an idea how anyone anyone! Could (in practical terms) make the situation they abhor better. They must, we suppose, have forgotten the sage advice of the late Michelangelo: “Criticize,” he said, “by creating.” Enter Nexus.
Maybe you’ve heard of its crypto-tential for decentralized “space money. Best BURST Mining Contract on this page. ” Nexus, big picture, wants to provide an alternative, decentralized Internet and financial system with *virtually* zero monetary barriers to entry. More thought-provoking, Nexus wants to eventually have it all beaming down from from the great beyond — the final frontier — from space. The ultimate vision, as we understand it, is to create a satellite mesh network which is outside the regulatory purview of any singular State.
( Think: casino boats) “The idea,” cryptocurrency expert Keith Smith writes on his, “is that Bitcoin, other cryptocurrencies and networks in space can be broadcast everywhere on earth. Using decentralized cube satellites to broadcast the blockchain and even a decentralized internet to populations who currently have no access or access is severely restricted.
“Then, on the ground, with the use of mesh networks,” Smith goes on, “decentralized satellite up-link node stations all connected with point of sale devices and individual technology communication devices, the network will continue to decentralize and expand.” Unlike bitcoin, where the barriers to entry keep increasing with each block, Nexus is designed so investment of time and trustworthiness is more important to the network’s strength than money or processing power. To paraphrase Cantrell: Not everyone has money to spare, but they all have time. “Incorporated into the economic model of Nexus,” says Smith, “are checks and balances which will allow anyone to be rewarded for maintaining the network based on time and trust without a massive use of energy. This is important as this allows anyone in the world to enter marketplace compared to fiat and other cryptocurrencies which require a lot of money and power (mostly political). It is also important that as adoption gains momentum, you do not overburden the energy system to facilitate fast and efficient transactions and keep it affordable enough anyone can enter.” A decentralized web, shot through a mesh network of satellite cubes, could, to say the least, be a game-changer: “For the first time,” Smith writes, “the people of the world will be within reach of truly decentralized banking, government and information.” Nexus, so we’re told, has no interest in replacing bitcoin. Rather, it wants to unleash the true potential of all decentralized technologies — cryptocurrencies especially — into the Universe. And disturb the [expletive deleted] out of it.
I've been using nanopool.org Don't know if that is the best one. Don't know that it matters. But, they had simple configuration instructions on their website, so I just went with that. It took about 3 weeks of tweaking the settings for mining software and GPUs to tune it for the best results I've been able to get.
Do other miners get more? But this was more of an experiment for me than anything else, as it certainly isn't going to earn a whole lot, so I'm not too concerned if I don't get the last 1% or 2% of performance out of it. I don't think solo ETH is really viable. If I remember right, block rewards are 5 ETH. I mine 0.1 ETH from pool in a little over 5 days, so on average I'd have to mine 250+ days to find one block if I tried it solo.
BTW - I did switch rig to ZEC mining for a few weeks, and it actually earned slightly more. But then two things happened. First, ZEC price fell. Then, one of my GPUs started throwing constant errors. So I switched it back to ETH and errors vanished. Must have been something related to the hashing algorithm. I didn't feel like trying to resolve the issue, so just left it mining ETH again.
• • • • • • •.