ASIC Miner Hosting & Crypto Mining Frontier Mining

$INTV Integrated Ventures Signs A Multi Year Hosting And Marketing Agreement With PetaWatt Properties, LLC

https://www.otcmarkets.com/stock/INTV/news/Integrated-Ventures-Signs-A-Multi-Year-Hosting-And-Marketing-Agreement-With-PetaWatt-Properties-LLC?id=227523
PHILADELPHIA, PA / ACCESSWIRE / May 8, 2019 / Integrated Ventures Inc (OTCQB: INTV) ("Company") is pleased to announce a signing of a Hosting and Marketing Agreement with PetaWatt Properties, LLC. As result, the previously contemplated transaction to acquire Erie Power, LLC has been terminated, due to (1) need for a significant capital requirements to re-start plant and build out mining infrastructure, (2) up to 6 months time line for launch of mining operations, (3) need for a significant dilution due to the recent stock pricing weakness and (4) company's ability to secure a similar deal, in terms of power cost, without any additional investment.
>The Agreement
On May 7, 2019, Integrated Ventures has signed a three-year Agreement with PetaWatt Properties, LLC, which will allow Integrated Ventures (1) to consolidate and streamline all mining operations (NC, PA and NJ) into one location, (2) to eliminate Company's lease obligations and payroll expense and (3) to lower its power costs by over 50%, thus greatly enhancing mining profitability and long-term viability.
In addition, Integrated Ventures intends to market PW's services to diversify its business by offering hosting and pool services via a la carte packages to third-party miners and market participants.
> Crypto Market Is Coming Back!
Digital currencies are an emerging asset class underpinned by blockchain, a transformational technology with use cases in virtually every industry.
After experiencing historic growth (growing from a $7 billion market cap in January 2016 to a more than $600 billion market cap by late 2017), the cryptocurrency market entered a bear phase.
However, recovery has been strong in recent months, with Bitcoin's value increasing nearly 70% from December 2018 to May 2019.
Growing Institutional interest, a low cost of mining equipment and ROI are key factors for investment at these levels.
> Business Strategy
The company has formulated and plans to execute a 6 step plan, designed to position INTV for the next bull cycle:
  1. Operational Restructuring. To streamline and improve profitability of current operations, the company is switching from warehouse mining to third party hosting model, based on monthly flat fee and resulting in elimination of all major expenses such monthly lease, payroll, etc. All mining equipment (775+ rigs) is scheduled to be connected by May 30th.
  2. Securing Competitive Electricity Rates. By partnering with PetaWatt, Integrated Ventures will secure access to a lowest power pricing structure.
  3. Generating Cash Flow via Hosting & Mining Revenue Share Services. Integrated Ventures intends to generate significant revenue through reselling of hosting and revenue share services.
  4. Locking-In Record Low Hosting Rate. Newly secured Integrated Ventures' access to the most competitive power cost, will allow the company to utilize and market one of the the most competitive hosting rates in the industry, thus driving profitability and demand for long-term hosting contracts.
  5. Implementing All-In-One "Plug-and-Mine" Mining Solution. Integrated Ventures will offer clients an access to best hosting and pool rates for ASIC and GPU miners, creating a "We Work" -style turn-key mining option for miners seeking a fast market entry combined with a cost effective hosting and pool space.
  6. Purchasing Discounted Mining Rigs from Secondary Markets. Integrated Ventures will keep costs low by purchasing equipment on the secondary market, a strategy that was not possible when the market was in its infancy.
> Why Ramp Up Now?
MarketStability: Bitcoin, and the broader crypto market, have been in recovery following a prolonged bear cycle. Bitcoin has risen from a low of $3,200 in December 2018 to roughly $6,000 in early May, 2019. The cryptocurrency sector market cap has risen from roughly $100 billion to $190 billion over the same period.
GreatPoint & Less Competition: The cryptocurrency market's performance in 2019 indicates a reversal has occurred. However, the markets current total value is still less than 1/3rd of its value in January 2018. Additionally, the bear market was responsible for significant miner attrition. Competition has eased, creating greater profits for those still mining.
>Revenue Opportunity
Integrated Ventures will grow and earn revenues as follows:
>Summary
Integrated Ventures will have reliable long-term access to inexpensive electricity through its three-year agreement with PetaWatt. An access to the low cost power is the key that will allow Integrated Ventures to mine far more profitably than most of its North American competitors and provide hosting services at the market's most competitive price point.
Cost certainty, created by uninterrupted access to affordable power, will allow Integrated Ventures to incorporate all of the above strategies into our business model.
The model allows Integrated Ventures to weather market downturns better than its competitors, while also positioning the company to earn significantly higher returns than its competitors during bull cycles.
Finally, Integrated Ventures will operate and host both ASIC and GPU mining equipment. The importance of this is the flexibility it provides.
submitted by louied91 to pennystocks [link] [comments]

$INTV Gains in Bitcoin Reignite Crypto Fever - Companies Aim to Lower Mining and Energy Costs

https://ih.advfn.com/stock-market/USOTC/integrated-ventures-inc-INTV/stock-news/79907963/gains-in-bitcoin-reignite-crypto-fever-companie

Integrated Ventures Inc. (OTCQB: INTV), a company that engages in digital currency mining operations through manufacturing equipment; selling mining rigs, as well as developing blockchain software, recently announced the signing of a Hosting and Marketing Agreement with PetaWatt Properties, LLC. As a result, the previously contemplated transaction to acquire Erie Power, LLC has been terminated, (1) due to a need for significant capital requirements to re-start the plant and build out mining infrastructure, (2) up to a 6 month timeline for launch of mining operations, (3) a need for a significant dilution due to the recent stock pricing weakness and (4) the company's ability to secure a similar deal, in terms of power cost, without any additional investment. On May 7, 2019, Integrated Ventures signed a three-year Agreement with PetaWatt Properties, LLC, which will allow Integrated Ventures to consolidate and streamline all mining operations (NC, PA and NJ) into one location, to eliminate the Company's lease obligations and payroll expenses and to lower its power costs by over 50%, thus greatly enhancing mining profitability and long-term viability. In addition, Integrated Ventures intends to market PW's services to diversify its business by offering hosting and pool services via a la carte packages to third-party miners and market participants. The company has formulated and plans to execute a 6 step plan, designed to position INTV for the next bull cycle:
  1. Operational Restructuring. To streamline and improve profitability of current operations, the company is switching from warehouse mining to third party hosting model, based on monthly flat fee and resulting in elimination of all major expenses such monthly lease, payroll, etc. All mining equipment (775+ rigs) is scheduled to be connected by May 30th.
  2. Securing Competitive Electricity Rates. By partnering with PetaWatt, Integrated Ventures will secure access to a lowest power pricing structure.
  3. Generating Cash Flow via Hosting & Mining Revenue Share Services. Integrated Ventures intends to generate significant revenue through reselling of hosting and revenue share services.
  4. Locking-In Record Low Hosting Rate. Newly secured Integrated Ventures' access to the most competitive power cost, will allow the company to utilize and market one of the most competitive hosting rates in the industry, thus driving profitability and demand for long-term hosting contracts.
  5. Implementing All-In-One "Plug-and-Mine" Mining Solution. Integrated Ventures will offer clients an access to best hosting and pool rates for ASIC and GPU miners, creating a "We Work" -style turn-key mining option for miners seeking a fast market entry combined with a cost effective hosting and pool space.
  6. Purchasing Discounted Mining Rigs from Secondary Markets. Integrated Ventures will keep costs low by purchasing equipment on the secondary market, a strategy that was not possible when the market was in its infancy.
Integrated Ventures will have reliable long-term access to inexpensive electricity through its three-year agreement with PetaWatt. Access to the low cost power is the key that will allow Integrated Ventures to mine far more profitably than most of its North American competitors and provide hosting services at the market's most competitive price point.
submitted by louied91 to pennystocks [link] [comments]

$RCGR Blockchain Technology Drastically Improves Data Center Operations for More Efficient Crypto Mining

https://www.otcmarkets.com/stock/RCGnews/story?e&id=1145009
PALM BEACH, Florida, August 7, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
As blockchain technology continues to transform a growing number of industries, the cost-effective data processing is allowing data center developers to run more efficiently including increasing power use capabilities. Operations have exploded overseas including in China, but now the United States has an amazing opportunity to step up and start taking part in creating mega facilities, or data centers with high computational power for mining that supports the transactions on the blockchain, hopefully diluting China's position in the blockchain market and giving the U.S. a bigger piece. Crypto mining is the necessary computational process of approving cryptocurrency transactions to ensure the integrity of the network since there is no centralized authority overseeing the blockchain ledger network. The rise of blockchain technology, especially for use in crypto mining, means data centers and cloud management services have to adjust to the changing realities on the ground conducive to offering sustainable infrastructures for power. Active tech companies in the markets this week include Mining Power Group, Inc. (OTC: RCGR), Global Blockchain Technologies Corp (OTC: BLKCF) (CSE: BLOC), Pareteum Corp (NYSE: TEUM), MGT Capital Investments Inc. (OTC: MGTI), Big Blockchain Intelligence Group Inc. (OTC: BBKCF) (CSE: BIGG).
Mining Power Group, Inc. (OTCPK: RCGR) BREAKING NEWS : Mining Power Group announced today that it acquired the majority ownership interest of upstate New York technology company, Northway Mining, LLC, ("Northway") which offers highly specialized data center hosting services for thousands of cryptomining machines. Northway, which will become a subsidiary of the Company, presently has revenues from its existing clients and also from an ever-increasing number of new clients.
Included as part of the acquisition are real estate assets of substantial value from the purchase of the buildings in which Northway operates and a future building into which it will expand. In addition, included are 30 acres of surrounding flat land that will be used for future expansion of Northway as well as for the placement of industrial containers to house 1000's of additional mining machines for clients.
Under the terms of the transaction, Northway will maintain its current management and the Company will invest funds for the expansion of its facilities. Additional details of the pending transaction were not disclosed but will be included in an upcoming 8K filing.
Separately, the Company is in negotiations for a similar purchase of a majority interest in an unrelated privately-held company involved in the development of products for the cryptomining industry. Results of the negotiations will be announced at a later date.
Dror Svorai, President and CEO, stated, "This is something that we had been working on for a while and we are so glad to finally complete this transaction. We have not only entered the data center market… but we have done it in a big way that allows us to immediately begin a rapid ramp up of revenues. Read this and more news for Mining Power Group at: http://www.marketnewsupdates.com/news/rcgr.html
Other recent developments in the tech industry include:
Global Blockchain Technologies Corp (OTCPK: BLKCF) (CSE: BLOC.CN) recently announced an update on its exchange-related activities, which include interests in multiple cryptocurrency exchanges, as well as pending deals for the development of additional new exchanges. President and CEO Shidan Gouran stated "Our interests in this category form part of an additional and potentially stand-alone, critical mass business line for the company. As the assets continue to grow and mature, we believe the Company has put into place the right corporate structure to provide for a potential spinout of the Division in the future."
Pareteum Corp (NYSE: TEUM) recently announced that its current 36-Month Contractual Revenue Backlog (36MCRB) has grown to an astonishing $301 Million. Pareteum has added $46 Million to its 36MCRB with ten (10) new customer agreements the last 36 days. Achieving this tremendous milestone represents a 393% increase from a year earlier, when in July 2017, our 36MCRB was $61 million. Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum stated, "Our customers are telling us that 'telecom needs to change'. We have been listening. We are 'software', and, that is what has changed, and will even more disruptively continue to change how we receive content and communicate. Pareteum, and, its Global Software Defined Cloud, have made dramatic leaps forward in fulfilling our vision of software-driven open mobility and applications that make our customers happy.
MGT Capital Investments Inc. (OTCQB: MGTI) Stephen Schaeffer, Chief Operating Officer of the Company recently hosted a "fireside chat" at the Crypto Mining Forum in Miami fielding questions on multiple topics related to the bitcoin mining ecosphere. Sponsored by Bitmain Technologies Inc., the Crypto Mining Forum was an invitation-only gathering of the top bitcoin mining industry participants in the crypto mining industry from the Americas. Operating in facilities in northern Sweden and Washington State, MGT Capital Investments, Inc. (MGTI) ranks as one of the largest U.S. based Bitcoin miners. MGT owns and operates approximately 6,800 Bitmain S9 miners, and 50 GPU-based Ethereum mining rigs. Further, the Company continues to execute on an expansion model to secure low cost power and grow its crypto assets materially.
Big Blockchain Intelligence Group Inc. (OTCPK: BBKCF) (CSE: BIGG.CN) recently announced it has signed Client, Reseller and Referral Partner agreements with global data verification specialist, Data Zoo, related to BIG's crypto wallet risk-scoring service BitRank VerifiedTM, blockchain forensic investigation platform QLUETM, and custom Forensic Services Division. Under the Client Agreement and Reseller Agreement, BIG will be paid a fee for API queries on crypto wallets that utilize BIG's BitRank VerifiedTM service.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered brokedealeanalyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated forty nine hundred dollars for news coverage of the current press releases issued by Mining Power Group Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.
Contact Information: Media Contact email: [[email protected]](mailto:[email protected]) +1(561)325-8757
SOURCE MarketNewsUpdates.com
submitted by louied91 to pennystocks [link] [comments]

In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018

Developments in Financial Services

Regulatory Environment

General News


submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

The Nexus FAQ - part 1

Full formatted version: https://docs.google.com/document/d/16KKjVjQH0ypLe00aoTJ_hZyce7RAtjC5XHom104yn6M/
 

Nexus 101:

  1. What is Nexus?
  2. What benefits does Nexus bring to the blockchain space?
  3. How does Nexus secure the network and reach consensus?
  4. What is quantum resistance and how does Nexus implement this?
  5. What is Nexus’ Unified Time protocol?
  6. Why does Nexus need its own satellite network?
 

The Nexus Currency:

  1. How can I get Nexus?
  2. How much does a transaction cost?
  3. How fast does Nexus transfer?
  4. Did Nexus hold an ICO? How is Nexus funded?
  5. Is there a cap on the number of Nexus in existence?
  6. What is the difference between the Oracle wallet and the LLD wallet?
  7. How do I change from Oracle to the LLD wallet?
  8. How do I install the Nexus Wallet?
 

Types of Mining or Minting:

  1. Can I mine Nexus?
  2. How do I mine Nexus?
  3. How do I stake Nexus?
  4. I am staking with my Nexus balance. What are trust weight, block weight and stake weight?
 

Nexus 101:

1. What is Nexus (NXS)?
Nexus is a digital currency, distributed framework, and peer-to-peer network. Nexus further improves upon the blockchain protocol by focusing on the following core technological principles:
Nexus will combine our in-development quantum-resistant 3D blockchain software with cutting edge communication satellites to deliver a free, distributed, financial and data solution. Through our planned satellite and ground-based mesh networks, Nexus will provide uncensored internet access whilst bringing the benefits of distributed database systems to the world.
For a short video introduction to Nexus Earth, please visit this link
 
2. What benefits does Nexus bring to the blockchain space?
As Nexus has been developed, an incredible amount of time has been put into identifying and solving several key limitations:
Nexus is also developing a framework called the Lower Level Library. This LLL will incorporate the following improvements:
For information about more additions to the Lower Level Library, please visit here
 
3. How does Nexus secure the network and reach consensus?
Nexus is unique amongst blockchain technology in that Nexus uses 3 channels to secure the network against attack. Whereas Bitcoin uses only Proof-of-Work to secure the network, Nexus combines a prime number channel, a hashing channel and a Proof-of-Stake channel. Where Bitcoin has a difficulty adjustment interval measured in weeks, Nexus can respond to increased hashrate in the space of 1 block and each channel scales independently of the other two channels. This stabilizes the block times at ~50 seconds and ensures no single channel can monopolize block production. This means that a 51% attack is much more difficult to launch because an attacker would need to control all 3 channels.
Every 60 minutes, the Nexus protocol automatically creates a checkpoint. This prevents blocks from being created or modified dated prior to this checkpoint, thus protecting the chain from malicious attempts to introduce an alternate blockchain.
 
4. What is quantum resistance and how does Nexus implement it?
To understand what quantum resistance is and why it is important, you need to understand how quantum computing works and why it’s a threat to blockchain technology. Classical computing uses an array of transistors. These transistors form the heart of your computer (the CPU). Each transistor is capable of being either on or off, and these states are used to represent the numerical values 1 and 0.
Binary digits’ (bits) number of states depends on the number of transistors available, according to the formula 2n, where n is the number of transistors. Classical computers can only be in one of these states at any one time, so the speed of your computer is limited to how fast it can change states.
Quantum computers utilize quantum bits, “qubits,” which are represented by the quantum state of electrons or photons. These particles are placed into a state called superposition, which allows the qubit to assume a value of 1 or 0 simultaneously.
Superposition permits a quantum computer to process a higher number of data possibilities than a classical computer. Qubits can also become entangled. Entanglement makes a qubit dependant on the state of another, enabling quantum computing to calculate complex problems, extremely quickly.
One such problem is the Discrete Logarithm Problem which elliptic curve cryptography relies on for security. Quantum computers can use Shor’s algorithm to reverse a key in polynomial time (which is really really really fast). This means that public keys become vulnerable to quantum attack, since quantum computers are capable of being billions of times faster at certain calculations. One way to increase quantum resistance is to require more qubits (and more time) by using larger private keys:
Bitcoin Private Key (256 bit) 5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF
Nexus Private Key (571 bit) 6Wuiv513R18o5cRpwNSCfT7xs9tniHHN5Lb3AMs58vkVxsQdL4atHTF Vt5TNT9himnCMmnbjbCPxgxhSTDE5iAzCZ3LhJFm7L9rCFroYoqz
Bitcoin addresses are created by hashing the public key, so it is not possible to decrypt the public key from the address; however, once you send funds from that address, the public key is published on the blockchain rendering that address vulnerable to attack. This means that your money has higher chances of being stolen.
Nexus eliminates these vulnerabilities through an innovation called signature chains. Signature chains will enable access to an account using a username, password and PIN. When you create a transaction on the network, you claim ownership of your signature chain by revealing the public key of the NextHash (the hash of your public key) and producing a signature from the one time use private key. Your wallet then creates a new private/public keypair, generates a new NextHash, including the corresponding contract. This contract can be a receive address, a debit, a vote, or any other type of rule that is written in the contract code.
This keeps the public key obscured until the next transaction, and by divorcing the address from the public key, it is unnecessary to change addresses in order to change public keys. Changing your password or PIN code becomes a case of proving ownership of your signature chain and broadcasting a new transaction with a new NextHash for your new password and/or PIN. This provides the ability to login to your account via the signature chain, which becomes your personal chain within the 3D chain, enabling the network to prove and disprove trust, and improving ease of use without sacrificing security.
The next challenge with quantum computers is that Grover’s algorithm reduces the security of one-way hash function by a factor of two. Because of this, Nexus incorporates two new hash functions, Skein and Keccak, which were designed in 2008 as part of a contest to create a new SHA3 standard. Keccak narrowly defeated Skein to win the contest, so to maximize their potential Nexus combines these algorithms. Skein and Keccak utilize permutation to rotate and mix the information in the hash.
To maintain a respective 256/512 bit quantum resistance, Nexus uses up to 1024 bits in its proof-of-work, and 512 bits for transactions.
 
5. What is the Unified Time protocol?
All blockchains use time-stamping mechanisms, so it is important that all nodes operate using the same clock. Bitcoin allows for up to 2 hours’ discrepancy between nodes, which provides a window of opportunity for the blockchain to be manipulated by time-related attack vectors. Nexus eliminates this vulnerability by implementing a time synchronization protocol termed Unified Time. Unified Time also enhances transaction processing and will form an integral part of the 3D chain scaling solution.
The Unified Time protocol facilitates a peer-to-peer timing system that keeps all clocks on the network synchronized to within a second. This is seeded by selected nodes with timestamps derived from the UNIX standard; that is, the number of seconds since January 1st, 1970 00:00 UTC. Every minute, the seed nodes report their current time, and a moving average is used to calculate the base time. Any node which sends back a timestamp outside a given tolerance is rejected.
It is important to note that the Nexus network is fully synchronized even if an individual wallet displays something different from the local time.
 
6. Why does Nexus need its own satellite network?
One of the key limitations of a purely electronic monetary system is that it requires a connection to the rest of the network to verify transactions. Existing network infrastructure only services a fraction of the world’s population.
Nexus, in conjunction with Vector Space Systems, is designing communication satellites, or cubesats, to be launched into Low Earth Orbit in 2019. Primarily, the cubesat mesh network will exist to give Nexus worldwide coverage, but Nexus will also utilize its orbital and ground mesh networks to provide free and uncensored internet access to the world.
 

The Nexus Currency (NXS):

1. How can I get Nexus?
There are two ways you can obtain Nexus. You can either buy Nexus from an exchange, or you can run a miner and be rewarded for finding a block. If you wish to mine Nexus, please follow our guide found below.
Currently, Nexus is available on the following exchanges:
Nexus is actively reaching out to other exchanges to continue to be listed on cutting edge new financial technologies..
 
2. How much does a transaction cost?
Under Nexus, the fee structure for making a transaction depends on the size of your transaction. A default fee of 0.01 NXS will cover most transactions, and users have the option to pay higher fees to ensure their transactions are processed quickly.
When the 3D chain is complete and the initial 10-year distribution period finishes, Nexus will absorb these fees through inflation, enabling free transactions.
 
3. How fast does Nexus transfer?
Nexus reaches consensus approximately every ~ 50 seconds. This is an average time, and will in some circumstances be faster or slower. NXS currency which you receive is available for use after just 6 confirmations. A confirmation is proof from a node that the transaction has been included in a block. The number of confirmations in this transaction is the number that states how many blocks it has been since the transaction is included. The more confirmations a transaction has, the more secure its placement in the blockchain is.
 
4. Did Nexus hold an ICO? How is Nexus funded?
The Nexus Embassy, a 501(C)(3) not-for-profit corporation, develops and maintains the Nexus blockchain software. When Nexus began under the name Coinshield, the early blocks were mined using the Developer and Exchange (Ambassador) addresses, which provides funding for the Nexus Embassy.
The Developer Fund fuels ongoing development and is sourced by a 1.5% commission per block mined, which will slowly increase to 2.5% after 10 years. This brings all the benefits of development funding without the associated risks.
The Ambassador (renamed from Exchange) keys are funded by a 20% commission per block reward. These keys are mainly used to pay for marketing, and producing and launching the Nexus satellites.
When Nexus introduces developer and ambassador contracts, they will be approved, denied, or removed by six voting groups namely: currency, developer, ambassador, prime, hash, and trust.
Please Note: The Nexus Embassy reserves the sole right to trade, sell and or use these funds as required; however, Nexus will endeavor to minimize the impact that the use of these funds has upon the NXS market value.
 
5. Is there a cap on the number of NXS in existence?
After an initial 10-year distribution period ending on September 23rd, 2024, there will be a total of 78 million NXS. Over this period, the reward gradient for mining Nexus follows a decaying logarithmic curve instead of the reward halving inherent in Bitcoin. This avoids creating a situation where older mining equipment is suddenly unprofitable, encouraging miners to continue upgrading their equipment over time and at the same time reducing major market shocks on block halving events.
When the distribution period ends, the currency supply will inflate annually by a maximum of 3% via staking and by 1% via the prime and hashing channels. This inflation is completely unlike traditional inflation, which degrades the value of existing coins. Instead, the cost of providing security to the blockchain is paid by inflation, eliminating transaction fees.
Colin Cantrell - Nexus Inflation Explained
 
6. What is the difference between the LLD wallet and the Oracle wallet?
Due to the scales of efficiency needed by blockchain, Nexus has developed a custom-built database called the Lower Level Database. Since the development of the LLD wallet 0.2.3.1, which is a precursor to the Tritium updates, you should begin using the LLD wallet to take advantage of the faster load times and improved efficiency.
The Oracle wallet is a legacy wallet which is no longer maintained or updated. It utilized the Berkeley DB, which is not designed to meet the needs of a blockchain. Eventually, users will need to migrate to the LLD wallet. Fortunately, the wallet.dat is interchangeable between wallets, so there is no risk of losing access to your NXS.
 
7. How do I change from Oracle to the LLD wallet?
Step 1 - Backup your wallet.dat file. You can do this from within the Oracle wallet Menu, Backup Wallet.
Step 2 - Uninstall the Oracle wallet. Close the wallet and navigate to the wallet data directory. On Windows, this is the Nexus folder located at %APPDATA%\Nexus. On macOS, this is the Nexus folder located at ~/Library/Application Support/Nexus. Move all of the contents to a temporary folder as a backup.
Step 3 - Copy your backup of wallet.dat into the Nexus folder located as per Step 2.
Step 4 - Install the Nexus LLD wallet. Please follow the steps as outlined in the next section. Once your wallet is fully synced, your new wallet will have access to all your addresses.
 
8. How do I install the Nexus Wallet?
You can install your Nexus wallet by following these steps:
Step 1 - Download your wallet from www.nexusearth.com. Click the Downloads menu at the top and select the appropriate wallet for your operating system.
Step 2 - Unzip the wallet program to a folder. Before running the wallet program, please consider space limitations and load times. On the Windows OS, the wallet saves all data to the %APPDATA%\Nexus folder, including the blockchain, which is currently ~3GB.
On macOS, data is saved to the ~/Library/Application Support/Nexus folder. You can create a symbolic link, which will allow you to install this information in another location.
Using Windows, follow these steps:
On macOS, follow these steps:
Step 3 (optional) - Before running the wallet, we recommend downloading the blockchain database manually. Nexus Earth maintains a copy of the blockchain data which can save hours from the wallet synchronization process. Please go to www.nexusearth.com and click the Downloads menu.
Step 4 (optional) - Extract the database file. This is commonly found in the .zip or .rar format, so you may need a program like 7zip to extract the contents. Please extract it to the relevant directory, as outlined in step 2.
Step 5 - You can now start your wallet. After it loads, it should be able to complete synchronization in a short time. This may still take a couple of hours. Once it has completed synchronizing, a green check mark icon will appear in the lower right corner of the wallet.
Step 6 - Encrypt your wallet. This can be done within the wallet, under the Settings menu. Encrypting your wallet will lock it, requiring a password in order to send transactions.
Step 7 - Backup your wallet.dat file. This can be done from the File menu inside the wallet. This file contains the keys to the addresses in your wallet. You may wish to keep a secure copy of your password somewhere, too, in case you forget it or someone else (your spouse, for example) ever needs it.
You should back up your wallet.dat file again any time you create – or a Genesis transaction creates (see “staking” below) – a new address.
 

Types of Mining or Minting:

1.Can I mine Nexus?
Yes, there are 2 channels that you can use to mine Nexus, and 1 channel of minting:
Prime Mining Channel
This mining channel looks for a special prime cluster of a set length. This type of calculation is resistant to ASIC mining, allowing for greater decentralization. This is most often performed using the CPU.
Hashing Channel
This channel utilizes the more traditional method of hashing. This process adds a random nonce, hashes the data, and compares the resultant hash against a predetermined format set by the difficulty. This is most often performed using a GPU.
Proof of Stake (nPoS)
Staking is a form of mining NXS. With this process, you can receive NXS rewards from the network for continuously operating your node (wallet). It is recommended that you only stake with a minimum balance of 1000 NXS. It’s not impossible to stake with less, but it becomes harder to maintain trust. Losing trust resets the interest rate back to 0.5% per annum.
 
2. How do I mine Nexus?
As outlined above, there are two types of mining and 1 proof of stake. Each type of mining uses a different component of your computer to find blocks, the CPU or the GPU. Nexus supports CPU and GPU mining on Windows only. There are also third-party macOS builds available.
Please follow the instructions below for the relevant type of miner.
 
Prime Mining:
Almost every CPU is capable of mining blocks on this channel. The most effective method of mining is to join a mining pool and receive a share of the rewards based on the contribution you make. To create your own mining facility, you need the CPU mining software, and a NXS address. This address cannot be on an exchange. You create an address when you install your Nexus wallet. You can find the related steps under How Do I Install the Nexus Wallet?
Please download the relevant miner from http://nexusearth.com/mining.html. Please note that there are two different miner builds available: the prime solo miner and the prime pool miner. This guide will walk you through installing the pool miner only.
Step 1 - Extract the archive file to a folder.
Step 2 - Open the miner.conf file. You can use the default host and port, but these may be changed to a pool of your choice. You will need to change the value of nxs_address to the address found in your wallet. Sieve_threads is the number of CPU threads you want to use to find primes. Ptest_threads is the number of CPU threads you want to test the primes found by the sieve. As a general rule, the number of threads used for the sieve should be 75% of the threads used for testing.
It is also recommended to add the following line to the options found in the .conf file:
"experimental" : "true"
This option enables the miner to use an improved sieve algorithm which will enable your miner to find primes at a faster rate.
Step 3 - Run the nexus_cpuminer.exe file. For a description of the information shown in this application, please read this guide.
 
Hashing:
The GPU is a dedicated processing unit housed on-board your graphics card. The GPU is able to perform certain tasks extremely well, unlike your CPU, which is designed for parallel processing. Nexus supports both AMD and Nvidia GPU mining, and works best on the newer models. Officially, Nexus does not support GPU pool mining, but there are 3rd party miners with this capability.
The latest software for the Nvidia miner can be found here. The latest software for the AMD miner can be found here. The AMD miner is a third party miner. Information and advice about using the AMD miner can be found on our Slack channel. This guide will walk you through the Nvidia miner.
Step 1 - Close your wallet. Navigate to %appdata%\Nexus (~/Library/Application Support/Nexus on macOS) and open the nexus.conf file. Depending on your wallet, you may or may not have this file. If not, please create a new txt file and save it as nexus.conf
You will need to add the following lines before restarting your wallet:
Step 2 - Extract the files into a new folder.
Step 3 - Run the nexus.bat file. This will run the miner and deposit any rewards for mining a block into the account on your wallet.
For more information on either Prime Mining or Hashing, please join our Slack and visit the #mining channel. Additional information can be found here.
 
3. How do I stake Nexus?
Once you have your wallet installed, fully synchronized and encrypted, you can begin staking by:
After you begin staking, you will receive a Genesis transaction as your first staking reward. This establishes a Trust key in your wallet and stakes your wallet balance on that key. From that point, you will periodically receive additional Trust transactions as further staking rewards for as long as your Trust key remains active.
IMPORTANT - After you receive a Genesis transaction, backup your wallet.dat file immediately. You can select the Backup Wallet option from the File menu, or manually copy the file directly. If you do not do this, then your Nexus balance will be staked on the Trust key that you do not have backed up, and you risk loss if you were to suffer a hard drive failure or other similar problem. In the future, signature chains will make this precaution unnecessary.
 
4. I am staking with my Nexus balance. What are interest rate, trust weight, block weight, and stake weight?
These items affect the size and frequency of staking rewards after you receive your initial Genesis transaction. When staking is active, the wallet displays a clock icon in the bottom right corner. If you hover your mouse pointer over the icon, a tooltip-style display will open up, showing their current values.
Please remember to backup your wallet.dat file (see question 3 above) after you receive a Genesis transaction.
Interest Rate - The minting rate at which you will receive staking rewards, displayed as an annual percentage of your NXS balance. It starts at 0.5%, increasing to 3% after 12 months. The rate increase is not linear but slows over time. It takes several weeks to reach 1% and around 3 months to reach 2%.
With this rate, you can calculate the average amount of NXS you can expect to receive each day for staking.
Trust Weight - An indication of how much the network trusts your node. It starts at 5% and increases much more quickly than the minting (interest) rate, reaching 100% after one month. Your level of trust increases your stake weight (below), thus increasing your chances of receiving staking transactions. It becomes easier to maintain trust as this value increases.
Block Weight - Upon receipt of a Genesis transaction, this value will begin increasing slowly, reaching 100% after 24 hours. Every time you receive a staking transaction, the block weight resets. If your block weight reaches 100%, then your Trust key expires and everything resets (0.5% interest rate, 5% trust weight, waiting for a new Genesis transaction).
This 24-hour requirement will be replaced by a gradual decay in the Tritium release. As long as you receive a transaction before it decays completely, you will hold onto your key. This change addresses the potential of losing your trust key after months of staking simply because of one unlucky day receiving trust transactions.
Stake Weight - The higher your stake weight, the greater your chance of receiving a transaction. The exact value is a derived by a formula using your trust weight and block weight, which roughly equals the average of the two. Thus, each time you receive a transaction, your stake weight will reset to approximately half of your current level of trust.
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Whole GPU Mining Rigs // New & Used Hardware // Turn-key Hosting

Greetings from ZoomHash, we are selling various packages of hardware and turn-key colocation hosting. We are offering whole miners, and new/used hardware. The miners and hardware are tested by our trained technical staff and are fully functioning. The hardware comes from a data center, not an at-home setup, and the hardware is being sold or hosted for reasons of expansion and liquidation.
Shipping cost will be calculated at time of purchase after determining the number of boxes, dimensions, and weight.
Customer will pay for shipping costs. And also has the option for different shipping carriers, select between USPS, UPS, and FedEx. We can determine what is the cheapest shipping method for you at time of purchase.
Prices for whole mining rigs are discounted, all of the pricing below reflects that already.
$750 (Price reflects discount for whole miner package) Sapphire or MSI R9 390 8GB GPU mining rig, includes: 6 x Sapphire R9 390 8GB GPU or MSI R9 390 8GB2 x 1000W or higher ATX AUX PSU - 80Plus Gold1 x ASRock H97 Anniversary or H81 Pro BTC Motherboard w/ 8GB DDR3 RAM, CPU w/ stock cooler1 x Set of risers and cables1 x USB drive with OS and mining sofware Our stock listed below is separate from our "whole miner" packages. We have lots of hardware for sale!
$100 (Price reflects discount for whole miner package) 250 MH/s Antminer L3 Scrypt Miner: 1 x Antminer L3 Scrypt Miner1 x 1200W PSU $1200 for lot of 10 [BRAND NEW] Sapphire R9 390 8GB GPU [254 in stock]MSI R9 390 8GB GPU [43 in stock] $1000 for lot of 10 Sapphire R9 390 8GB GPU [138 in stock]MSI R9 390 8GB GPU [74 in stock] $1000 for lot of 10 ASRock H97 Anniversary Motherboard w/ 8GB DDR3 RAM, CPU w/ stock cooler [49 in stock]ASRock H81 Pro BTC Motherboard w/ 8GB DDR3 RAM, CPU w/ stock cooler [12 in stock] $500 for lot of 10 1350W ATX PSU, Platinum rated [89 in stock]1250W ATX PSU, Gold rated [5 in stock]1200W ATX PSU, Gold rated [20 in stock]1200W or more non-ATX PSU for Antminer L3-
Any inquires on purchasing hosting and/or hardware, or current inventory, please email us at [email protected] or visit our website zoomhash.com and use our contact page.

TURN-KEY HOSTING
Save with the turn-key colocation hosting package: Purchase hardware & hosting together for discountNo shipping cost when hosting the hardware with usHave your miners online and running within 24 hoursGo as low as six miners for turn-key hostingSave from our standard rate of $85/kVA if you purchase & host them with us We have a team of on-site technicians that can maintenance your miners and hardware, Mon-Fri; 8am-4pm, for general maintenance, repair and/or replacement, at different technical support tiers for a fixed cost.

REVIEWS
kingcolex https://bitcointalk.org/index.php?topic=5005497.0
Thank you, ZoomHash, LLC
BitcoinTalk Link to Contact
submitted by MarketBot to HellsCrypto [link] [comments]

Cache: Everything You Need to Know

Cache is a cryptocurrency and series of projects aimed at empowering developers, startups, and products to easily adopt powerful blockchain features such as assets, tokens, decentralization, identity management, and more.
Our goal is to make blockchain accessible and usable to existing developers, platforms and end users throughout the world.
In short, we believe that in order to have a more decentralized world that we need to make development, tools, and user experience surrounding blockchain an easy choice.

Website | Facebook | Twitter | Instagram | Telegram | BitcoinTalk | LinkedIn | Medium | Reddit

Cache Logo
The Cache token sale is designed completely around empowering developers and businesses to utilize blockchain. While other tokens are great at generating hype, Cache will be focused with onboarding developers, businesses, websites, and companies.

Whitepaper.pdf) | Roadmap | Team | Whitelist

Seller Devslopes CA LLC
Token Name Cache
Token Ticker CHE
Total Token Supply 1,000,000,000 CHE
Tokens Available for Purchase 800,000,000 CHE
Cache Value @ VIP Sale (28% off) $0.018 USD
Cache Value @ Private Sale (20% off) $0.020 USD
Cache Value @ Public Sale $0.025 USD
The Cache token sale consists of 4 major components:
1. Creation of the Blockstart platform: Blockstart is the core platform that makes blockchain development easy
2. Creation of the Cacheout ecosystem: Cacheout is an incentivized ecosystem of learning within a decentralized environment
3. Scaling of Devslopes education platform: Devslopes is the education platform that will train the next generation of blockchain developers
4. Selling and distribution of the Cache token: Cache is the token that powers these platforms
https://preview.redd.it/p9i8mdajpt011.png?width=1920&format=png&auto=webp&s=6d9878a418f1d0bd7626e0854d0a97919e1012f9
We believe that if we can make the technology easier to understand and use, and then train developers on how to use that technology, we can quickly onboard developers and companies throughout the world to start using blockchain.
Cache has been in testing and prototyping phases for months. Cache is in production today. You can currently purchase learning courses from https://devslopes.com using the Cache token.
You can also use the Cache currency in your own apps and website using the cache-typescript-sdk. The SDK currently supports React Native, Ionic, Web, Electron, or Node APIs.
You may send and receive Cache using the official Cache wallet.
SDK: https://github.com/cache-official/cache-typescript-sdk
Cache Wallet: https://github.com/cache-official/cache-wallet/releases
Cache operates and lives within the NEM blockchain platform. NEM operates secure, RESTful APIs that allow developers to build unique, user friendly solutions on top of the platform. To send Cache or make Cache transactions a user will pay a nominal transaction fee in the XEM cryptocurrency. Unlike Ethereum, fees in the NEM blockchain are non-variable, reliable and low cost.
The cache-typescript-sdk is an open source library forked from the NEM ecosystem and enhanced by our team.
SDK Use Cases
Here are some of the things you can do with Cache and the cache-typescript-sdk TODAY:
Again, Cache and the cache-typescript-sdk are a currency and product that are both working in production today. The moment you purchase Cache you can start using it.
Upcoming Cache Features
The following Cache features all use the NEM public blockchain (NIS1) and its associated tooling and our custom upgrades, and each is open source. These are listed in order of development priority.