Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come

[Videlicet]

Genesis is the first transaction to establish trust key. It marks the root of your node's trust in the network awarding you higher interest the more you consistently stake. You'll be seeing more rejects and orphans with the nPoS active. This is because of block trust, which is awarded higher for previous blocks of different channel. I'm thinking of tuning it to a streak of more then 2 or 3, some fixed figure to still give the protection, but cut down on the rejects and orphans.

Maximum coin weight is 1000 Niro, so you get your maximum coin weight when above this number. There is no limit to the number of coins you can stake besides max transaction amount which would be 1,000,000 Niro, so the more coins you stake per block, the more interest you receive per block. If you stake less then 1000 Niro your energy threshold will be higher meaning that you can't search as quickly as you could fully weighted reducing your probabilities of solving the next nPoS block.

Your trust interest rate builds from 0.5% to 3% if you continuously stake, if your trust key does not produce a trust block in 24 hours it will expire, and you will have to get another genesis transaction to establish a new trust key and build your interest and trust weight all over again.

If there are any other issues you see that could streamline the channels better, smooth out the network, or features you would like to see please do not hesitate to let me know.

By the People, For the People.
We Are Nexus

[cestballot]

KryptoKash could you add mining information with link and exchange info in OP ?

We are Nexus

[KryptoKash]

KryptoKash could you add mining information with link and exchange info in OP ?

We are Nexus

We are not done with the OP. It will be added and more. 

[COOLERbyPSP]

is it better to split amount in wallet to several addresses, for bether staking ? or is irrelevant/
Now stake wight in my wallet is 14% ,
Trust 7%
Blok 21 %
Its beter to recive coins to new address or old with coins ?

Confirmed   Date   Type   Label      Amount
true   2015-08-01T21:14:58   Trust         2.602766
true   2015-08-01T20:31:36   Trust         8.094322
true   2015-08-01T20:04:46   Trust         2.43954
true   2015-08-01T19:37:11   Trust         2.393561
true   2015-08-01T18:05:53   Trust         23.31332
true   2015-08-01T17:45:56   Genesis         3.453098

So much thrust coins, how? 1000000 coins for stake?

[Videlicet]

A lot of the first few transactions could be aged up to almost 1 year depending on if they have been spent from the coinbase. This will give larger amounts of coins to be consistent with their age. Smaller amounts will start to come afterwords once the age of inputs has been given its according interest.

Thank You,
Viz.

[macorcina]

for 30 000 coins for 24 hour my stake is around 5 niro =    5 x . $ 0.001396 x 365 = 2.5 $ year

power consumption of computer to stake 24 hour is more then 80 $ year.
100 Watt x 24h x 365 day. x 0.1 $/kW

if i stake 300 000 coins = 25 $ /year and power cost is 80 $/year to run computer 24h/365
initial investment for 300 000 coins is around 2 BTC= cca 570 $

something is wrong........
where is calculations to run stake 24h ?
if niro go to 2000 sat and btc to 350 $ next 12 month i don't see reason for stake.
at best case its only to cover power cost.

[AliMan]

Not sure what's with all the math, but just staking barely takes any cpu usage.

[macorcina]

This is the only coin that requires 24h/ stake. or you lose trust, weight etc...
and i must run my comp 24 hour /day

all other coin I  stake 8 hours a day/ without lose anything. and spend power 8 hour not 24 hour/day
it's good for coin but not for my power bill

[COOLERbyPSP]

power consumption of computer to stake 24 hour is more then 80 $ year.
100 Watt x 24h x 365 day. x 0.1 $/kW

Well, You can use nettop/netbook/hdmi_stick_pc for MUCH lower consumption
And, maybe I wrong, not only one wallet

[AliMan]

This guy needs another rig just for staking, especially if he's running multiple wallets, and it wouldn't take more than 20 - 30 watts.

[Namsbreh]

Whats up with the rich list?  When I dumprichlist, I can see my address on the list, however the balance is about a third of what is actually in my wallet.  It was the same when i first looked at the rich list a few months back.  It looks to me as if the rich list is not accurate.

Viz, please can you explain what you have done to the diff etc on GPU channel?  I notice the reserve balance is averaging a lot higher.  The block reward goes from 63 to 39 whenever it feels like it now, it used to be when reserves dipped below 500. 

How are people finding mining on GPU channel now?  I am finding it a lot harder to find blocks, however the higher block reward does compensate for this a little?  Also still getting far too many rejects still.

[mumus]

I also wondered about this and I discovered with the staking all the coins are slowly transferred to the address you see for the "Trust" blocks.
Personally I think this is a good idea. I had a lot of trouble transferring a big amount of mined coins because of the transactions size.

[macorcina]

power consumption of computer to stake 24 hour is more then 80 $ year.
100 Watt x 24h x 365 day. x 0.1 $/kW

Well, You can use nettop/netbook/hdmi_stick_pc for MUCH lower consumption
And, maybe I wrong, not only one wallet

with low end cpu  hardware, stacking produce much more
not accepted bloks. Idea of staking is to replace mining, to keep blockchain alive,  prevent network attack...
reward for staking must stimulate people to invest in coins, and resources, hardware,
power, etc...

if we talking about coins, all start and end with calculations...
Initial investment (hardware to mine, or money to buy on exchange mined coins) , + speculations of value of coins in future, + interest for staking.........
FORM OP>
active features:

15. Nexus Proof of Stake: Explained in previous posts in detail, but in summary Proof of Stake system built from the ground up utilizing energy efficiency threshold, trust keys, and logarithmic weights to create the fairest and most stable Proof of Stake system to date.

if developer goal is  /  utilizing energy efficiency threshold,
my goal is also   /    energy efficiency threshold


compare with lot of established coins, stacking reward for nero is extremely low

[AliMan]

Whats up with the rich list?  When I dumprichlist, I can see my address on the list, however the balance is about a third of what is actually in my wallet.  It was the same when i first looked at the rich list a few months back.  It looks to me as if the rich list is not accurate.

Viz, please can you explain what you have done to the diff etc on GPU channel?  I notice the reserve balance is averaging a lot higher.  The block reward goes from 63 to 39 whenever it feels like it now, it used to be when reserves dipped below 500. 

How are people finding mining on GPU channel now?  I am finding it a lot harder to find blocks, however the higher block reward does compensate for this a little?  Also still getting far too many rejects still.

Yea I've noticed the higher reserves too, and the difficulty also jumped a bit, after the POS kicked in.

Although I did find ~ 70 blocks a couple of days back.

[yampi]

Can someone explain to me how POS works in NEXUS?

Trust weight and block weight and stuff.

[Namsbreh]

I also wondered about this and I discovered with the staking all the coins are slowly transferred to the address you see for the "Trust" blocks.
Personally I think this is a good idea. I had a lot of trouble transferring a big amount of mined coins because of the transactions size.

Thanks again mumus.  I see the rest of my balance under the trust address.

[Videlicet]

Staking takes very little extra energy to run, profitability can't be necessarily determined at this point in time as the price is low right now, but getting your stake now, and saving it for when price goes up increases the profit margins, so you can only base the profit on the time / price you liquidate your stake at. This could be seen as another form of investment.

Nexus Proof of Stake works as such:
You stake to get your genesis transaction at 0.5% interest. As you continue to stake your interest rate increases to 3% after a year, and your trust weight increases to 100% after 1 month.

Block weight increases to 100% in 1 day, or at the trust key expiration so you have the best chances of getting block closer to your keys expiration giving nodes that haven't gotten their daily stake more chances of getting stake block.

Block weight is exclusive to Trust keys, which means you need a Genesis transaction to establish your trust key, and then you begin to build block weight. Genesis transactions / blocks are unable to add transactions as a security measure, only Trust blocks are allowed to process transactions.

Yes all your coins will gradually move to your Trust Key, this will help join them together on one key to allow larger transactions with less inputs once all your coins are consolidated on one Trust Key. Your total Niro staking will gradually grow as well so that you are awarded more stake per block from having more Niro at stake.

Your produced Niro from stake will gradually go down after you use all your previously aged Niro as a lot of Niro have been aged since their creation [almost 1 year now maximum], which resets once they are included in a Trust / Genesis block.

Difficulty Changes in Nexus 2.0
Difficulty will be more stable now as it is using weighted averages over past 5 blocks, so this is one reason you may see it going higher along with new miners jumping on the network.

Thank You,
Viz.

[starblocks]

Staking takes very little extra energy to run, profitability can't be necessarily determined at this point in time as the price is low right now, but getting your stake now, and saving it for when price goes up increases the profit margins, so you can only base the profit on the time / price you liquidate your stake at. This could be seen as another form of investment.

Nexus Proof of Stake works as such:
You stake to get your genesis transaction at 0.5% interest. As you continue to stake your interest rate increases to 3% after a year, and your trust weight increases to 100% after 1 month.

Block weight increases to 100% in 1 day, or at the trust key expiration so you have the best chances of getting block closer to your keys expiration giving nodes that haven't gotten their daily stake more chances of getting stake block.

Block weight is exclusive to Trust keys, which means you need a Genesis transaction to establish your trust key, and then you begin to build block weight. Genesis transactions / blocks are unable to add transactions as a security measure, only Trust blocks are allowed to process transactions.

Yes all your coins will gradually move to your Trust Key, this will help join them together on one key to allow larger transactions with less inputs once all your coins are consolidated on one Trust Key. Your total Niro staking will gradually grow as well so that you are awarded more stake per block from having more Niro at stake.

Your produced Niro from stake will gradually go down after you use all your previously aged Niro as a lot of Niro have been aged since their creation [almost 1 year now maximum], which resets once they are included in a Trust / Genesis block.

Difficulty Changes in Nexus 2.0
Difficulty will be more stable now as it is using weighted averages over past 5 blocks, so this is one reason you may see it going higher along with new miners jumping on the network.

Thank You,
Viz.

Any plans to throw in some staking mobile wallets?

I guess they might help save some power costs

[pineapples]

power consumption of computer to stake 24 hour is more then 80 $ year.
100 Watt x 24h x 365 day. x 0.1 $/kW

Well, You can use nettop/netbook/hdmi_stick_pc for MUCH lower consumption
And, maybe I wrong, not only one wallet

or use a VPS from someone like digital ocean. costs $5/month
and you can run more than one wallet.

[macorcina]

power consumption of computer to stake 24 hour is more then 80 $ year.
100 Watt x 24h x 365 day. x 0.1 $/kW

Well, You can use nettop/netbook/hdmi_stick_pc for MUCH lower consumption
And, maybe I wrong, not only one wallet

or use a VPS from someone like digital ocean. costs $5/month
and you can run more than one wallet.

staking 28000 niro make around 0.65 niro in 24 hour at
stake weight 30%
trust            30%
blok             28%

0.65 niro x 30 day = 19.5 niro
19.5 niro x $ 0.001396 = 0.027222 $

to pay 5 $ and return 2.7 cents  
 

if i stake 1 000 000 niro return is amazing 0.972214286 $
does anyone of you make any calculation, ROI .... ?
which is the reason that anyone staking coin , I understand staking should stimulate people for staking....
is no sense in crypto world talk abaut 0.5 - 1 - 3 % at year......or day  ....
BTC % Spread is 1.5 - 2 % in 24 hour. minimum.