[ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield

[BTCrawl]

Could someone explain to a noob why NAUT's price jumped 60% today, out of the blue? Has there been some new development on this front?

There are a ton of interesting things in the works, and most people who are learning about Naut see the potential :-) I do however the price rise can be at least partly attributed to the fact that there currently aren't any miners dumping on us. Call it a little taste of what proof of stake will bring :-)

[1715216198]

1715216198

[vested]

Is the UBER pool working? I think im the only one on there LOL

[purplejaguar]

When is Nautilus going proof of stake..isn't there a lot of PoW mining left to be done?

[PilotofBTC]

I am not involved in the PoS Multipool - this is the first I even heard about this type of ppol existing - BUT I really like the idea, it fits in perfectly with the goal on constantly supporting the coin. 

Do we need more than one?

Yeah, it was invented by the Blackcoin guys if I'm not mistaken. It's a really innovative way of having miners still being able to mine the coin without crashing the price :-) We don't need more than one though, as these types of multipools aren't important to the network security the way pools are for PoW coins.

I thought Peer Coin was the first PoS coin, and most PoS coins are a fork of PeerCoin.

[purplejaguar]

I am not involved in the PoS Multipool - this is the first I even heard about this type of ppol existing - BUT I really like the idea, it fits in perfectly with the goal on constantly supporting the coin. 

Do we need more than one?

Yeah, it was invented by the Blackcoin guys if I'm not mistaken. It's a really innovative way of having miners still being able to mine the coin without crashing the price :-) We don't need more than one though, as these types of multipools aren't important to the network security the way pools are for PoW coins.

I thought Peer Coin was the first PoS coin, and most PoS coins are a fork of PeerCoin.

I think he means the PoS mulitpool - what it does is that it automatically mines profitable PoW coins then dumps those to BTC and use the BTC to buy the PoS coin. In theory it should help wth buy pressure, but not even BlackCoin's has reached the point where it creates significant buy pressure. So multipools are  a easy (but probably inefficient for the miner) way to get a PoS coin, but any effect on price stabilisation is more psychological than anything at this point.

[cypz]

Thanks for the heads up on the HASH rate and the pool going down.  I have not mined the coin since the pre-mine (I wanted to make sure there was fair distribution) but to keep the blocks moving I will personally rent a miner and use the blocks mined for the NSF

-BK

nice one BK!!

can you give us a few hints on what ur plan is for this week ahead so we can help in any way

In the short run, I am using Eobot.com to mine NAUT.  The operator is fantastic and for someone who is less technical like me it is very easy to get up and running.  

Can anyone tell me how many GHS I will need to get things moving again?




Plan for this week:  

#1 Priority is PoS, this has been taking way too long and as the creator of the coin I take full responsibility for the delay. I have been working on things that I am an expert at, but obviously I need to focus all my energy on the switch.

Just so everyone knows BK is working hard on POS this week

the boat has not being missed

i also believe david seaman has a naut announcement today, somthing to do with a merchant if i am correct

we are seeing higher volume and this is just the beginning i believe

#getnauti

[Lord Of The Internet]

Things are heading in the right direction!  I was thinking about abandoning ship not too long ago 


If we keep the price momentum going till POS is implemented, nautiluscoin will be golden 


I think i'll point my scrypt asics at bob's pool

[Berric]

I did the math....we need a net hash rate of 2 GH/s to match our current difficulty. (i think)

MAN

we are at about 500 MH/s

MAN

Multipools such as ipominer unlike normal pools. They take hashrate in and bring out frequently. The fluctuation of hashrate triggers Digishield and rise difficulty to several hundreds. The mismatching hashrate and difficulty is all about multipools. We still have no idea about their intentions.

[worth]

What is the deal with the pools for Naut? The net hashrate shows over 550 MH/s, yet most of the pools in the OP are dead and the two working pools I can find ( 0free mentioned in OP and IPOMiners, which is not mentioned) only total about 50 MH/s and so it takes them 24-48 hours to find a block. 

Seems like there is a huge pool that is happily raking in huge amounts of Nautilus while effectively blocking anyone outside of that stealth pool from being able to mine more than scraps. Maybe I'm paranoid, but I don't see this sort of thing happening with most coins which makes me wonder, considering Naut's links to the old status quo (Wall Street).

[banana2995]

What is the deal with the pools for Naut? The net hashrate shows over 550 MH/s, yet most of the pools in the OP are dead and the two working pools I can find ( 0free mentioned in OP and IPOMiners, which is not mentioned) only total about 50 MH/s and so it takes them 24-48 hours to find a block. 

Seems like there is a huge pool that is happily raking in huge amounts of Nautilus while effectively blocking anyone outside of that stealth pool from being able to mine more than scraps. Maybe I'm paranoid, but I don't see this sort of thing happening with most coins which makes me wonder, considering Naut's links to the old status quo (Wall Street).

My gpu mining rig makes more mining x13 on trademybit, so I am just converting the bitcoin I get to Nautiluscoin. I don't see the POW part of nautiluscoin as a threat because we are all invested in this coin for the POS. I think the risk of an attack vs the reward in the future of nautiluscoin is low so I'd try to be apart of this coin if I were new.

[FlyingMongoose]

I've come up with a css theme for NAUT's reddit page. a little less bland if you ask me

Click here to view it

So whoever's managing that subreddit right now, please contact me, I'll provide the css.

[Berric]

What is the deal with the pools for Naut? The net hashrate shows over 550 MH/s, yet most of the pools in the OP are dead and the two working pools I can find ( 0free mentioned in OP and IPOMiners, which is not mentioned) only total about 50 MH/s and so it takes them 24-48 hours to find a block. 

Seems like there is a huge pool that is happily raking in huge amounts of Nautilus while effectively blocking anyone outside of that stealth pool from being able to mine more than scraps. Maybe I'm paranoid, but I don't see this sort of thing happening with most coins which makes me wonder, considering Naut's links to the old status quo (Wall Street).

The time of block found is depended on difficulty. The diff of naut is controled by DigiSheild. The 550MH/s now is match about diff 10. But the multipools take hashrate in and bring out frequently and trigger Digishield. Then the diff rise to several hundreds. In this case, both 0feepool and multipool will be hard to find blocks. So we still have no idea about their intentions. The fluctuation of multipools hashrate is harmful to normal pool and themself. If they mine naut all the time and don't take hashrate in and bring out frequently, all pool can find blocks easily then now.

[blah01]

Is there a pool or multipool for Nautilus that allows me to use my sha-256 miners to either mine naut. with sha or get paid out in nautilus?

[FlyingMongoose]

Is there a pool or multipool for Nautilus that allows me to use my sha-256 miners to either mine naut. with sha or get paid out in nautilus?

Not yet:
http://nautpool.com/

I've tried to request hashcows to pay out in naut, so far no go, but if you head over to their thread and bombard their twitter they usually do add them (they've got a bunch of different coins they pay out in already)

[Fredericolitch]

Nice to see some activities

Mining issues are fixed right ? I can see new block on explorer.
I was afraid this price increase was due because miners was unable to autosell, but it seems not

[Gunther]

Stupid me for sending my Naut to another wallet. Now I can't do anything with it until that block issue gets solved.

[kehtolo]

I've come up with a css theme for NAUT's reddit page. a little less bland if you ask me

Click here to view it

So whoever's managing that subreddit right now, please contact me, I'll provide the css.

Great work flyingmongoose i think it looks really professional!!  ..also i think mthompson362 over on reddit seems to be the admin.

[BTCrawl]

Damn - the price is actually stable at these higher levels! I thought it would drop down again. Also really cool to see this thread being so active :-) Things are starting to get moving!

[open82buy]

I've come up with a css theme for NAUT's reddit page. a little less bland if you ask me

Click here to view it

So whoever's managing that subreddit right now, please contact me, I'll provide the css.

                                             

                                                                          +1 FlyingMongoose

[foob6]

first coin w？how to meaning？