Jul 27, 2016 How to Solo GPU mine Nexus NXS (formerly Niro) coins using your home computer with a AMD graphics card. Nexus Bitcointalk thread https://bitcointalk.org. Question about nexus CPU mining. Is NexusEarth dead? I lost $1300 on nxs and currently hold 30 coins.Today I finally broke even by selling for a loss 2. This topic has been. To begin mining, download the NXS wallet and miner from nexusearth. Please ask for help in the support channel in the Nexus. The Nexus Currency (NXS): 1. The reward gradient for mining Nexus follows a decaying logarithmic curve instead of the reward halving inherent in Bitcoin. How to CPU mine Nexus NXS coins using your home. Hello,I started mining at Nexus yesterday. In the lower right corner there is a question mark saying 'staking.

If you are looking for an established digital currency to invest in with outstanding potential, Nexus (NXS) is one you should consider. Below I explain simply what is happening with the project in the future, and why I believe right now is the time to take a closer look. It is only a matter of time before Bitcoin and Altcoins switch dominance again, and being invested in Nexus now could pay handsomely. If you have been a Nexus (NXS) Digital Currency follower for any amount of time, you have heard about plans for Satellites, a world-wide ground-based Mesh Networks, and Decentralized Internet. You can safely consider these long term future goals. If you are like the majority of cryptocurrency investors looking for projects to be completed within weeks, you are going to be disappointed.

Nexus is a long term project, and a long term investment. It is going to take a while to get off the ground, so to speak. Why would you want to invest now then? Colin Cantrell, the creator and lead developer of Nexus, has well defined and very ambitious short term goals. He is not copying the latest crypto buzzwords into Nexus. You won’t hear about implementing Masternodes or the Lightning Network.

He is not looking to temporarily patch the problems traditional blockchains are experiencing. Instead, Colin is working on improving the very fundamentals of blockchain technology to create the 3D Chain Nexus will be using in the future. Colin took a look at the problems now apparent after years of blockchain use, and designed a new advanced chain to address them. For example, the new 3D Chain will improve decentralization by allowing many contributors to the network, using GPU Mining, CPU Mining and Nexus Proof of Stake (nPoS), to participate in the work of creating blocks. It will improve Quantum Security by using larger and more elaborate hashes meshed together in a Merkel Tree to create unalterable locked transactions. Chain bloat will be reduced using a Lower Level Library, making it unnecessary to have the entire chain on your system.

A feature called Trust will deter attacks on the network by rewarding those staking for longer periods of time with more responsibility and greater rewards. Someone maliciously attacking the network would need to devote a large amount of their time, system resources and wealth to the effort. When you invest in Nexus you are buying into blockchain technology preparing for the challenges of the future found nowhere else. The quote below is taken from the latest published November 6th, 2017. “The Dev team has been getting Tritium polished and ready for the Tritium Trust update, finalizing some of the architectures and formulating Nexus’s plans to unlock the 3-Dimensional Chain (3DC) through the TAO framework.” Tritium is the first of three updates which will all build upon each other. The development is being broken into three “bite-sized” pieces so people can see a clear progression and be able to take advantage of features as they are completed. Anyone following progress on GitHub will see frequent updates in preparation for the Tritium release.

The second update is called Amine, and the third will be Obsidian. These three pieces are the components of the TAO update series (Tritium, Amine & Obsidian). Here are the summarized components of each planned release taken from the.

• Tritium - L1 - Trust wallet with transaction level locks using a signature chain. • Amine - L2 - Improved proof-of-stake trust system and activation of the second tier locking groups. • Obsidian - L3 - Mining vault where miners contribute directly to Nexus as a distributed pool.

Those definitions are a bit over my head, but for anyone interested in digging deeper into the details I recommend starting with the where you will find links to the latest information,. I also wrote a paper titled if you are looking for a better understanding of how the 3D Chain will work. In addition to these updates, Nexus now boasts an entire team developing interfaces, working on an improved webpage, designing marketing materials, participating in blockchain conferences, and expanding the Nexus community. The Nexus team has made a conscious decision not to give release dates for their updates, choosing instead to release when the latest changes are fully tested and reliable. This keeps people from being upset about missed deadlines and also keeps the pump and dump groups from taking advantage of Nexus investors by giving them little information to distribute for their personal gains. The Nexus team instead prefers to have the value determined based on the technology available.

The current price of Nexus is up over 18x year to date, and the community has grown exponentially in 2017 thanks in large part to the successful Nexus blockchain conference in September. Next year we are looking for even bigger things. Colin Cantrell I had the privilege of personally meeting Colin at the conference.

He has infectious laugh and walks with a swagger. He is generous to his friends and the community. He has patience beyond belief when dealing with critics. He is in his mid-twenties and only a few years out of college, but when you talk to him about technology or Nexus you can tell his brain is working on another level. I don’t always understand Colin, and I am not alone, but he is working on explaining in a language the rest of us can understand.

In the interview below from June 26, 2017 Colin goes into the history of Nexus in plain English. I had someone recently tell me Colin comes across as a dreamer when he is speaking. As the son of the co-founder of Vector Space, Jim Cantrell, Colin grew up with a role model literally reaching for the stars. He also had the right programming background. There are many people working with cryptocurrencies today with the ability to read and change code, but without the dreamer’s mentality to look into the future at what will be needed, and without the determination to start working on what may seem to be an overwhelming project.

I believe there are times in history when the right person is in the right place at the right time, and this is one of those times. Colin is also a perfectionist and unwavering in his pursuit of delivering a working application for Nexus to protect the wealth of Nexus holders. He is designing speed and adaptability into the 3D Chain which will allow it to implement additional functionality, such as Smart Contracts, in the future. I personally trust Colin to deliver on his promises, and I believe Nexus is the future of blockchain technology for those with patience. Bitcoin was not built in a day, and neither will Nexus be. In the wild world of cryptocurrency, where people expect investments to double monthly, Nexus stands out to me as a currency I can buy into with a long term future where the sky doesn't even define the limits.

I am a cryptocurrency long term holder, and few currencies stand out to me as not trying to constantly satisfy short-term investor’s demands. I like that Nexus is not interested in saying the latest buzzwords such as ‘Masternodes’ and ‘SegWit’ to make the price artificially higher. Instead, I am able to invest in a project actually working to define the future of the technology by creating, not copying. Quote from Colin Cantrell in the interview linked above (minute 52:20).

“Now we have an opportunity to do something. Now I can work every day and know I am working for something, not for someone. To know that what I am doing is going to help the world shape itself into the future.”.

The founder of Nexus, Colin Cantrell, is the son of one of the founding members of aerospace company SpaceX, Jim Cantrell. Jim is now the co-founder of Vector Space Systems, a company preparing to launch affordable satellites, approximately twice the size of a Rubik’s Cube, called CubeSats, into space. When I first heard Colin speak about Nexus, it all sounded like English, but there were lots of words and acronyms I could not find in my dictionary. I guess I can forgive him after learning his father is truly a rocket scientist. Imagine the conversation around the dinner table in that household.

Here, after many hours of research, I am going to attempt to decipher Nexus for you, and explain it in terms we can all understand. A few months ago I was researching ways to circumvent the current banking system where every dollar, euro, and ruble is regulated, tracked, taxed and reported. Nexus first caught my attention when I read the following quote from Colin: “You can’t ask people to boycott a system without offering something for them to use instead.” Providing an alternative to today’s limited financial choices is what the Nexus project promises. Nexus plans to give worldwide access to a monetary store of value which cannot be controlled or compromised by those who feel they should have authority over your money. In addition, Nexus will offer financial security to the billions of people around the world with access to cell phones, but no way to store or spend their money.

That sounds complicated. How will Nexus accomplish this? In simple terms, their plan requires just two necessary components. DigitalNote XDN Mining With A Laptop here. First, there must be a completely secure unit of value, both today and in the foreseeable future, which can handle an almost unlimited number of transactions.

Second, the source of this unit of value must exist where there is no regulation. Where Bitcoin, and every other crypto currency, fail to meet either of these requirements, Nexus addresses both. This project is revolutionary in scope, yet takes advantage of technology already available today to create the necessary pieces.

The first question I asked myself was where this radical idea came from. There have to be other people working on something similar, right? The answer is no. When Satoshi created Bitcoin, he put parameters in place defining how security worked, how transactions are handled, and how many Bitcoins miners would earn. All other crypto currencies work within the general confines Satoshi originally defined with minor differences. Colin Cantrell, instead of confining Nexus to these boundaries and jumping right into project development in 2014, spent months learning to think the way Satoshi thought. He asked himself, “If Satoshi were improving the original Bitcoin parameters to create an even more decentralized and secure currency, what would he change?” Discovering the answers to this question helped shape the detailed plan Colin created.

The steps in his plan to improve the Bitcoin protocol, along with the progress already made, are summarized in the outline below. I am going to make the assumption you already know what the Blockchain is. This is not the article to define it for you. You will often see the Blockchain defined as a ‘peer to peer decentralized distributing network’. Since this is a guide for the average Joe, and I recently learned this myself, I just wanted to point out these two are the same.

I will use the term Blockchain below, since saying peer to peer decentralized distributing network is like calling a car a ‘mobile self-propelled transporting relocation device.’ The Nexus Blockchain works the same way others work. Miners are using processors to create and place each new block at the end of the current chain. Blocks on the Nexus chain are placed in under 150 seconds, making transactions considerably faster than Bitcoin. Another way Nexus increases the speed of transactions is by having a multi-threaded balanced messaging protocol, where Bitcoin is single-threaded. You said this was for the average Joe.

Sorry, let me explain in terms even I can understand. Imagine your company is in charge of loading boxes onto a train with one hundred empty cars, and you have one forklift. You have to pick up a box, move it to the first car, load it, then go get the box for the second car, load it, etc. This is an illustration of how data flowing through the single-threaded Bitcoin system works. Now imagine you have one hundred forklifts, and at the same time they all retrieved their box and each loads one of the cars, so all one hundred were loaded in the same time it took to load one car in the first example.

This is how data flowing through the multi-threaded Nexus system works. Many transactions are processed at the same time. Nexus is going to address one of the most frustrating aspects of crypto currency transfers.

If you have attempted to send Bitcoin to an invalid address, or have accidentally sent it to the wrong address, you know there is no way to get it back. Nexus is going have the ability to require a sender and receiver signature. This means if you send your Nexus to an invalid address, it will not receive a signature, and will be sent back to you. It also means if you realize you sent Nexus to an incorrect address, you will have a definable period of time to cancel the transfer. Lastly, if you are on the receiving side and want to refuse a transfer, you will be able to return it.

These are all easy ways Nexus is going to improve on the current Bitcoin parameters. Now I am to the point where I have to attempt to define something difficult Security. If you read the information on the or the, you are sure to see the following definition for Nexus security Hashing: SK-1024, SK-576, SK-512, and SK-256 used in all hashing. Pure SHA3 using Skein and Keccak. Let me first explain why all of those indecipherable letters and numbers are necessary. The founder of Ethereum, Vitalik Buterin, wrote an article in 2013 detailing the effect quantum computers are going to have on Bitcoin.

In the article, Buterin explains how quantum computers are going to make it possible to break Bitcoin security. The technology in quantum computers is so fast and powerful, the incredible hash security designed in 2002 currently utilized by Bitcoin will soon no longer protect transactions from being intercepted, and potentially altered, before the latest block in the Bitcoin chain is agreed upon. Knowing more security is required for the future, let me break down the Nexus security definition.

Hashing simply means the security used when encrypting data. Bitcoin is using SHA2 hashing (security). SHA is an acronym meaning Secure Hash Algorithm. While it is not believed anyone has broken SHA2 hashing yet, the emergence of quantum computers mean it is only a matter of time before it happens. In 2008, NIST, the National Institute of Standards and Technology, started a competition to create another secure alternative hashing standard they would label. In this competition 51 candidates submitted admissions. Four years later, the submission called Keccak was selected as the winner of the competition.

It beat out another highly secure hashing submission called Skein. If you look up again at the Nexus Hashing definition, you will see SHA3 using Skein and Keccak and now you know where those names came from. Nexus incorporates both of these protocols together into its security, and is the first coin to incorporate the new SHA3 standard. Where you see SK-1024 in the definition, this is referring to the combined Skein/Keccak (SK) hash security to produce a 1024 bit output when creating the block. How can I make that easier to understand? It is really (really) super secure.

Nexus uses the SK security standard to produce hashing for each component of its transactions. You may not understand what each of these components are, but here is a list of the different hashing used in the Nexus network.

SK-256: Hash to generate an Address from your Public Key Hash. SK-512: Hash for Transaction. SK-576: Hash of Public Keys, which is then hashed with SK256 to generate your Address. SK-1024: Hash for Block Generation. Used by both the CPU and GPU miners [and Stake Minting] to create new Blocks. In comparison to SK-1024 security standard used by Nexus to create its blocks, Bitcoin is using SHA2, 256 bit output.

This makes Nexus four times as secure. Nexus also uses 571 bit private keys, compared to 256 bit keys used in almost all other currencies. This 571 bit private key is the government recommended standard proposed by NIST and used by the NSA.

You may have heard something about a 51% attack, which is the possibility one entity or group has enough power to make the latest block on the chain be from whatever chain they decide is correct. While this has never happened to Bitcoin yet, in 2014 a mining pool called Ghash.io did get up to 50%. This dominance is possible because everyone on the Bitcoin network is casting their vote in the same channel, so if 51% of the votes on the single channel say yes to a particular block, that block is considered ‘agreed upon’ and added to the chain. With Nexus, there are three channels in the network, GPU mining, CPU mining, and Nexus Proof of Stake (nPoS). In order to succeed with a 51% attack on the Nexus network, the attacker would have to control 51% of the votes across all three of the channels. This, along with the SHA3 Skein/Keccak security defined above, ensure it is not currently possible now, or in the foreseeable future, to compromise the security of the Nexus network. No other coin, even the ones claiming they are the most secure, approaches the level of security built into Nexus.

There are other differences as well you can read about on the or on the. These other points are easier to understand, such as the increasing interest up to 3% you earn on your Nexus wallet balance, based on how much trust you build staking on the network. This brings us to the end of the first important feature needed to implement the Nexus project; a completely secure unit of value, both today and in the foreseeable future, which can handle an almost unlimited number of transactions. To refresh your memory, the second necessary feature is this unit of value must exist where there is no regulation. This is the part that gets me really excited about the project.

Look back up and reread the first paragraph of this article again. Do you see any clues there to where an unregulated home for Nexus might be found by Colin Cantrell?

If Nexus resides on Earth, it will be subject to the regulations of the governments where it derives from. Have you ever seen a casino boat? They take their passengers out into the ocean or river channel before anyone is allowed to start gambling, because the laws prohibiting gambling don’t apply away from shore. The Nexus network will be one hundred miles away, straight over our heads. Regulate that!

As defined on the Bitcointalk page 'Nexus is actively building relationships within the aerospace industry to allow for the hardware infrastructure to be compatible with its transaction system. Nexus is building the foundation to broadcast the Blockchain and Nexus Network from space. Under existing hardware infrastructure, cryptocurrency is technically under the mercy of telecommunication and government technology industries. Coupled with both the development of software and hardware, Nexus seeks to free men from centralized financial institutions.'

Now you know. Nexus is the most secure crypto currency, led by a brilliant renegade visionary, employing a passionate team of highly skilled people, with the ability to put their ideas into space, all using existing technology. I can currently buy NXS currency for less than.05 cents. How long do you think that is going to last?

- Get access to the developers, and check out the active trading channel for daily discussion on great picks.. The Article Below Was Posted on September 23, 2016. Feel free to link to this article from other sources, but please do not republish without consent from the author. You can contact me through Steem, or by contacting the moderator of the Crypto Currency News Reddit linked below. Please visit the Reddit page where I keep track of Altcoin news daily. If you are in need of articles or other PR for your Crypto Currency or Website please contact me.

I have references to other articles I have published if needed. Will work for Crypto:-).