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

[armin22]

I FUCKING LOVE THIS COIN

[SomeRelax]

i like the idea behind this coin
too many shitcoins are out there
let's see how it works

[enerbyte]

nice project

[Hesiod]

Hey,

Would you implement something similar to what the Minerals coin did to avoid big farms and multipools reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.

It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.

It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).

Cheers

[komodovpn]

Hey,

Would you implement something similar to what the Minerals coin did to avoid big farms and multipools reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.

It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.

It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).

Cheers

+1

big farms and multipools really do ruin cryptos, especially the ones that are new. They get pummeled and then dumped on the first exchange it makes it on. Fair distribution through hashrate limitation is great, especially if your coin only has a limited PoW period anyway.

[KryptoKash]

Hey,

Would you implement something similar to what the Minerals coin did to avoid big farms and multipools reaping all your coins from the start just to dump all of them the next day? What they did is limit the hashrate per user, and their coin could only be mined on their pool during the PoW stage. They didn't release the wallet until PoS stage to avoid solo mining.

It resulted in Minerals having 25 GHs at the start compared to 100 GHs for other recent coins, even really shitty ones such as Hodorcoin, which proves that 75% of the miners are professional dumpers, big farms or multipools targeting new coins for a quick buck and not caring at all about the project.

It also resulted in Minerals being well spread, with a high price and large volumes on exchanges (100 btc+ in a few days).

Cheers

+1

big farms and multipools really do ruin cryptos, especially the ones that are new. They get pummeled and then dumped on the first exchange it makes it on. Fair distribution through hashrate limitation is great, especially if your coin only has a limited PoW period anyway.

Videlicet has created his own time-based distribution. This effectively makes coinshield multi-pool proof. Anyone jumping on with a big hash-rate will receive fractional block rewards (based on block time) until difficulty corrects itself. This will prevent multi-pools from profiting off mining CSD.

[wu21456]

Is there IPO or premine?

[KryptoKash]

Is there IPO or premine?

There is no IPO and 0 premine.

[defaced]

Man this is serious business!

[Bitdonator]

Cant wait to dump all shitcoins I have, and exchange for shieldcoin 
This coin will be flagcoin of 2014

[bigreddmachine]

Flagcoin!?  What is Flagcoin?  Is it premined???

  Best of luck to coin shield.

[Videlicet]

[Progress] is being made, here is an [update]:

1. Block Header Hashes now 1024 bit. [Most Secure POW Hash]
2. Transaction Hashes [and everything else] now 512 bit.
3. GPU Channel [Right now is SHA512, BLAKE512, SKEIN1024]. TODO: External Solo GPU Miner
4. [IN-PROCESS] Implementing Unified Time Model [Synchronizes network to same time from a Seed Regardless of your time]. No more clock problems.
5. Fractional Rewarding System in Place [with 600% block inflation, coin inflation was only 0.1%]. No more Instamining.
6. CPU POW, searching for large prime numbers [1024 bits and up, size of 10^308]. Testing Difficulty Limitations using Fermat Remainder proportions:
   double difficulty = ((prime - FermatTest(PRIME_DOWN(prime), 2) << 16) / prime) / ((prime - FermatTest(PRIME_UP(prime), 2) << 16) / prime)

Coinshield is really starting to set itself apart from the general Modus Operandi, which couldn't of happened without the suggestions from users like [you]. Thank You  
As always, any questions, suggestions, or concerns ?

EDIT: Here are our two types of hashes:
Coinshield Block Header [1024 bits]:

00003c9d1aa27eb4917c601c59c5d99dcc43441e810419143ba1ebd4639f5090f5d1a2b12ade583 ea6fcea548f80dfc0cd37818231a3471a9b3b2ce44bea8ab943f36cdee63005e9fd766f93400d36 2faceda5a61eb0b499ddb5d2efb9484282458d2ecb2190ee27fdf823effb4776f599362d10eff4f c4846bb56f9e6bb4ad2

Coinshield Tx Hash [512 bits]:

ebf9fc2c4563bac07d164812089222114025733b805312b8b407f4d3b6157e3f5b936067d4d96a3 6cc1c884e54c460e01725aeaf860dd1e01b4345b8124bd4a7

~Videlicet

[coinsolidation]

4. [IN-PROCESS] Implementing Unified Time Model [Synchronizes network to same time from a Seed Regardless of your time]. No more clock problems.

Do you have any more details on this published anywhere?

[armin22]

Wooot! Progress!.

[Videlicet]

4. [IN-PROCESS] Implementing Unified Time Model [Synchronizes network to same time from a Seed Regardless of your time]. No more clock problems.

Do you have any more details on this published anywhere?

It is of my own programming, and it works like this:
1. When node first starts, it grabs DNS seeds [for seed nodes] addresses and connects to each seed
2. Upon connection, node gets offset from that seed node, and averages it to the offset of other seed nodes [that are already connected]
3. If no seed nodes are found [seed nodes are all down], time will be seeded from average offset of connected peers [which is the unified time seed, saved on HD of peers]
4. This node's unified time seed will then be stored in DB, for anyone coming onto network to synchronize their clocks with [by comparing each other's unified times]
5. Unified Time Seed is checked to Median Seed every time there is a new connection from [seed node if there are seeds connected, peers if there are no seeds connected]

I have been testing, and results so far are + or - 2 seconds from clocks that are + or - 2 days out of sync.
This prevents manipulation of time within [allowable clock drift], and keeps difficulty adjustments smoother.
Last thing it does is make the system more user friendly [to not give pesky warning messages of clock being out of sync].

~Videlicet

[phzi]

[Progress] is being made, here is an [update]:

3. GPU Channel [Right now is SHA512, BLAKE512, SKEIN1024]. TODO: External Solo GPU Miner

Please ensure that you have a patch for sgminer v5 branch ( https://github.com/sgminer-dev/sgminer/tree/v5_0 ) available at launch.

You can likely get it committed to the main repo before launch it you act quickly.

[fran2k]

I don´t like the idea of sending you my shitcoins for coinshields knowing that you are gaining BTC from that.

I would prefer that the CSD would be emitted through a Proof of Burn of shitcoins.

[KryptoKash]

I don´t like the idea of sending you my shitcoins for coinshields knowing that you are gaining BTC from that.

I would prefer that the CSD would be emitted through a Proof of Burn of shitcoins.

BTC gained from your shitcoins will be used to build buy walls for Coinshield. All transactions will be public. We will show a history of our buy walls on our main site (coinshield.io). You will be able to track your shitcoins from our system, to an exchange, to btc, and to the buy walls. If anyone dumps on our buy walls the CSD generated from that will go into our shitcoin trade channels as a secondary  funding source of CSD to ensure we can continue trading without interruptions (waiting for trade channels to replenish themselves).

I hope this makes the process a bit clearer.

~KryptoKash

[notsofast]

I really don't think this concept can work fairly. It's so ripe for exploitation.

[KryptoKash]

I really don't think this concept can work fairly. It's so ripe for exploitation.

How exactly do you see this being exploited?