macorcina
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August 08, 2015, 11:48:12 AM Last edit: August 08, 2015, 12:14:46 PM by macorcina |
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this is best explanations of big disproportions between nero channels. If we agree about fact 1 mining = pos= generate blok = make blockchain = live network fact 2 coins is REWARD for mining or pos in niro is big disproportions for miners with gpu, cpu and miners with POS.
in other words , for all crypto design main problem is FAIR coin distributions. and fair reward for ALL network participants/ worker /miner/ investor/
Miners using gpu/cpu have invested much more in hardware and power cost than pos miners its only fair they get greater reward. Also most pos coins have 1-5% interest at most, the ones that have more usually die a fast death due to excessive inflation. I am talking about NUMBERS, mathematics, and facts, and in mathematics "much more" does not exist, also in economic "much more" does not exist. especially in investment " much more " could only mean "stupid and emotional investor" In investment is calculated, risk/reward ratio, and ROI. answer to me with numbers, facts, and your calculations. especially this "much more" calculations
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Namsbreh
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August 08, 2015, 12:13:16 PM |
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LOL at the VNL shills. No doubt we will pass when your on the way back down!
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x0rcist
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August 08, 2015, 01:24:38 PM |
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merc84
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August 08, 2015, 02:07:38 PM |
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I am talking about NUMBERS, mathematics, and facts, and in mathematics "much more" does not exist, also in economic "much more" does not exist. especially in investment " much more " could only mean "stupid and emotional investor"
In investment is calculated, risk/reward ratio, and ROI. answer to me with numbers, facts, and your calculations. especially this "much more" calculations
Actually ur talking bullshit and have been for days. 5x 280x rig using ~ 1300w consumes 31.2kwh/day @ $0.2kwh = $4.63 usd per day power cost. Returns average 2k niro per day ~ .01 btc per day or $2.86 usd, which is net loss of $1.77 usd per day. 1 pos rig (raspberry pi for eg) using ~ 4w consumes 0.096kwh/day @ $.2kwh = $0.01 usd per day. Now is the complicated part because it is hard to get average daily stake amount accurately because the interest rate is increasing the longer you stake, so we need to make some assumptions. Lets assume u are going to first stake 50k niro to full interest rate of 3% then stake for 1 year. 50000 x 1.03 = 51500 so in 1 year u have 1500 more niro again we don't know what niro will be worth in a year but lets for simplicity sake say the price is the same as it is now. 1500 x .00000528 = 0.00792 btc or $2.15 usd. Power cost for 1 year of staking $3.65 usd which is net loss of $1.5 usd per year. Now consider the cost of hardware raspberry pi cost $25 usd, 5 used 280x cost $1000 usd + psu + cpu mb ram etc etc (~ $800 or so there) You might live somewhere power is cheaper than it is for me... so if ur power was $.1kwh u could make a massive ~$.55 per day with 5 gpu rig but in 1 year you will only make ~ $200 usd profit at cost of $1800 of hardware. Pos mining could cost $1.83 per year and return $2.15 or net profit of $0.32 at a cost of $25 for hardware. So as you can see really neither of these methods of mining are actually profitable unless the price of niro goes up... Gpu mining has a much higher entry price and carries much greater risk, Pos has very low entry price and therefore much less risk. No doubt you will have some stupid counter argument about "facts" and "numbers" at which point I will gladly click on "Ignore"
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macorcina
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August 08, 2015, 02:18:10 PM |
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I am talking about NUMBERS, mathematics, and facts, and in mathematics "much more" does not exist, also in economic "much more" does not exist. especially in investment " much more " could only mean "stupid and emotional investor"
In investment is calculated, risk/reward ratio, and ROI. answer to me with numbers, facts, and your calculations. especially this "much more" calculations
Actually ur talking bullshit and have been for days. 5x 280x rig using ~ 1300w consumes 31.2kwh/day @ $0.2kwh = $4.63 usd per day power cost. Returns average 2k niro per day ~ .01 btc per day or $2.86 usd, which is net loss of $1.77 usd per day. 1 pos rig (raspberry pi for eg) using ~ 4w consumes 0.096kwh/day @ $.2kwh = $0.01 usd per day. Now is the complicated part because it is hard to get average daily stake amount accurately because the interest rate is increasing the longer you stake, so we need to make some assumptions. Lets assume u are going to first stake 50k niro to full interest rate of 3% then stake for 1 year. 50000 x 1.03 = 51500 so in 1 year u have 1500 more niro again we don't know what niro will be worth in a year but lets for simplicity sake say the price is the same as it is now. 1500 x .00000528 = 0.00792 btc or $2.15 usd. Power cost for 1 year of staking $3.65 usd which is net loss of $1.5 usd per year. Now consider the cost of hardware raspberry pi cost $25 usd, 5 used 280x cost $1000 usd + psu + cpu mb ram etc etc (~ $800 or so there) You might live somewhere power is cheaper than it is for me... so if ur power was $.1kwh u could make a massive ~$.55 per day with 5 gpu rig but in 1 year you will only make ~ $200 usd profit at cost of $1800 of hardware. Pos mining could cost $1.83 per year and return $2.15 or net profit of $0.32 at a cost of $25 for hardware. So as you can see really neither of these methods of mining are actually profitable unless the price of niro goes up... Gpu mining has a much higher entry price and carries much greater risk, Pos has very low entry price and therefore much less risk. No doubt you will have some stupid counter argument about "facts" and "numbers" at which point I will gladly click on "Ignore" Thanks so much. when you talk with numbers, everything is clear. Again thanks for Your contributions with this detail calculations.
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Dimitry
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August 08, 2015, 02:43:41 PM |
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I so much harder its hurting everywhere
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nara1892
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August 08, 2015, 03:18:26 PM |
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Dump Why
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CTRLX
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August 08, 2015, 03:33:20 PM |
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From 0.12 BTC to 2.8 BTC volume congrats! Oh wait, 2.68 BTC of NIRO dumped. You can thank your fudding dev for that, now get the hell out of this trainwreck before you lose all your lunch money
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Videlicet
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Creator of Nexus http://nexus.io
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August 08, 2015, 06:13:56 PM |
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You can laugh until you're blue in the face, it won't change the Truth. Good luck with it Thank You,Viz.
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[ Nexus] Created by Viz. [ Videlicet] : "videre licet - it may be seen; evidently; clearly"
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TruthSeeker101
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August 08, 2015, 06:29:33 PM |
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You can laugh until you're blue in the face, it won't change the Truth. Good luck with it Thank You,Viz.why are you attacking vnl? dev has been working hard on it for long time... i think you were fooled! look what vnl dev says - I've never seen so many #shitcoin #liars ever. I post fake ZT code to call them out and it worked. Show me this non-exploit LOLZ. https://twitter.com/john_a_connor/status/629905689075253248
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Videlicet
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Activity: 868
Merit: 1058
Creator of Nexus http://nexus.io
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August 08, 2015, 06:32:15 PM |
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Quite the contrary my friend, I'm writing the report to help it, just letting community members know what I'm up to tis all. Questions usually communicate better than assumptions Thank You,Viz.
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[ Nexus] Created by Viz. [ Videlicet] : "videre licet - it may be seen; evidently; clearly"
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Razerglass
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https://bmy.guide
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August 08, 2015, 06:36:07 PM |
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Im trying to get some Niro Investment stock 4-600 need some sellers please
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Stenull
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August 08, 2015, 07:00:22 PM |
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Finally! My buy orders could get filled
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Change...is in the air. You know why
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TruthSeeker101
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August 08, 2015, 08:49:59 PM |
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You can find Daemon binaries on coinshield.io. To the open source inquisition, here is my prior statement regarding its current status: Yes the source release must be timely, and it is really of no benefit as of now, as we already supply willing exchanges with the code base for them to complete their reviews, Earlz reviewed my code before Bittrex added it: Hello,
I've reviewed the (closed-source) code for this wallet. The source has been radically restructured which makes my traditional review format basically impossible. However, skimming over the code it appears to be of fairly good quality (except for the compiler warnings) and I've not found anything that looked exploitable or malicious. Note that because of the amount of radical changes, I can't promise anything, but I've looked it over and thought it looks good and secure with no obvious issues.
Note to 1.0.3: We are releasing this update with the incorporation of the Tech company, public disclosure of identities including pictures and business address, rebrand with public release of white paper. These pieces have to coordinate together as we lay the foundation for the new developments that have evolved with the maturing of the concepts and technology that create this economy. We are working to move into the real world as a legitimate currency not plagued with images of illegal activity and ponzi schemes, but a transparent useable currency that produces value in many industries besides Crypto. Note to 2.0.0: My plan is to have the proper visibility by the time I get Core 0.2.0.0 built, which will include LLL integration [created by me] which will allow us a more efficient protocol, database, serialization, hashing, and code base. Also to come is complete rewrite of the Qt from scratch to solve many issues with its speed and efficiency. These productions will be coming from the Tech company, in which I hope by this time our visibility is strong enough for me to release 0.2.0.0 as open source. Thank You,Viz.is this still happening?
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Videlicet
Legendary
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Activity: 868
Merit: 1058
Creator of Nexus http://nexus.io
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August 08, 2015, 08:59:51 PM |
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Nexus 2.0 has been live for a few weeks my friend, with Nexus Proof of Stake active among other updates to the protocol.
Thank You, Viz.
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[ Nexus] Created by Viz. [ Videlicet] : "videre licet - it may be seen; evidently; clearly"
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cestballot
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August 08, 2015, 09:16:15 PM |
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You can find Daemon binaries on coinshield.io. To the open source inquisition, here is my prior statement regarding its current status: Yes the source release must be timely, and it is really of no benefit as of now, as we already supply willing exchanges with the code base for them to complete their reviews, Earlz reviewed my code before Bittrex added it: Hello,
I've reviewed the (closed-source) code for this wallet. The source has been radically restructured which makes my traditional review format basically impossible. However, skimming over the code it appears to be of fairly good quality (except for the compiler warnings) and I've not found anything that looked exploitable or malicious. Note that because of the amount of radical changes, I can't promise anything, but I've looked it over and thought it looks good and secure with no obvious issues.
Note to 1.0.3: We are releasing this update with the incorporation of the Tech company, public disclosure of identities including pictures and business address, rebrand with public release of white paper. These pieces have to coordinate together as we lay the foundation for the new developments that have evolved with the maturing of the concepts and technology that create this economy. We are working to move into the real world as a legitimate currency not plagued with images of illegal activity and ponzi schemes, but a transparent useable currency that produces value in many industries besides Crypto. Note to 2.0.0: My plan is to have the proper visibility by the time I get Core 0.2.0.0 built, which will include LLL integration [created by me] which will allow us a more efficient protocol, database, serialization, hashing, and code base. Also to come is complete rewrite of the Qt from scratch to solve many issues with its speed and efficiency. These productions will be coming from the Tech company, in which I hope by this time our visibility is strong enough for me to release 0.2.0.0 as open source. Thank You,Viz.is this still happening? Troll are coming Preparing nuts and food for Troll, I don't care about : "don't feed the troll" Thanks Viz, you are realy good speaker to don't feed, I like. We are Nexus We are Nexus
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TruthSeeker101
Newbie
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August 08, 2015, 09:20:01 PM |
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Nexus 2.0 has been live for a few weeks my friend, with Nexus Proof of Stake active among other updates to the protocol.
Thank You, Viz.
what about this part? "Note to 1.0.3: We are releasing this update with the incorporation of the Tech company, public disclosure of identities including pictures and business address, rebrand with public release of white paper. These pieces have to coordinate together as we lay the foundation for the new developments that have evolved with the maturing of the concepts and technology that create this economy. We are working to move into the real world as a legitimate currency not plagued with images of illegal activity and ponzi schemes, but a transparent useable currency that produces value in many industries besides Crypto."
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Videlicet
Legendary
Offline
Activity: 868
Merit: 1058
Creator of Nexus http://nexus.io
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August 08, 2015, 09:59:21 PM |
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Incorporation and identity release coming next month.
Thank You, Viz.
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[ Nexus] Created by Viz. [ Videlicet] : "videre licet - it may be seen; evidently; clearly"
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cestballot
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August 09, 2015, 01:31:01 PM |
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Incorporation and identity release coming next month.
Thank You, Viz.
Nice to see, but what is the goal of this ? do you create an US company ? do you will have more dev or marketing employees ? Do we have some news about GPU pool and CPU pool update with UI ? after one week POS, all is OK with my main wallet ( 200k+ niro stacking). I start stacking on small wallet with 1700 niro to compare stacking, trust and block weight, I'll create a benchmark for you. We are Nexus
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macorcina
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August 09, 2015, 05:52:21 PM |
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Incorporation and identity release coming next month.
Thank You, Viz.
I start stacking on small wallet with 1700 niro to compare stacking, trust and block weight, I'll create a benchmark for you. We are Nexus I think everyone would like to see this benchmark . Please post hire.
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