[ANN] Nanite [XNAN] - X11 | PoS | HTML5/NodeJS | Point-of-Sale Software | Mobile

[Nanite]

https://i.imgur.com/yoPA2Aa.png

https://i.imgur.com/StulHSD.png    https://i.imgur.com/XolkV41.png    https://i.imgur.com/QbXiZQF.png   https://i.imgur.com/ucTakpe.png   https://i.imgur.com/shhtPtQ.png

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Nanite is here!

Nanite has a fast initial distrubtion period of ~3 Days (4001 Blocks) which will be mined using X11 hashing algorithm
We will not be developing "anonymous features" like every other altcoin being released as we wish Nanite to have some real world use
Nanite is based upon the Silkcoin/Spark Wallet as the code base is solid and UI is easy to use (Nanite will be getting an overhaul with the HTML5/NodeJS wallets

The developers of Nanite are in no way/have not been linked or developed any other Crypto-currency and this is our first and only one to be made
Please see below for specifications, road map, details;

https://i.imgur.com/eh2Ueic.png
Algorithm: X11
Block Time: 1 Minute
Block Reward;
1 - 500 = 400 XNAN
500 - 1500 = 350 XNAN
1500 - 3000 = 150 XNAN
3000 - 4001 = 225 XNAN
PoW Ends: Block 4001
PoS Starts: Block 3800
PoS Interest: 200%
Pre-mine: 1% (10,000 XNAN)

https://i.imgur.com/kSmqW1p.png

https://i.imgur.com/60PR3Si.png

https://i.imgur.com/StulHSD.png  https://i.imgur.com/XolkV41.png  https://i.imgur.com/QbXiZQF.png

https://i.imgur.com/XUgR0uV.png

http://suchpool.pw/xnan/
https://xnan.suprnova.cc
https://xnan.maxminers.net
http://x11-x13-pool.org/nanitecoin
https://coinking.io
http://xnan.hashhot.com
http://mining.securepayment.cc/pools/nanite/
https://www.ipominer.com/stats?curr=xnan
xnan.binpool.com

https://i.imgur.com/ywPWVmt.png

http://www.titcoins.biz/wp-content/uploads/2014/08/BittrexLogo.png
https://i.imgur.com/HTfbFXl.png
https://i.imgur.com/ZXNFpY8.png


https://i.imgur.com/x6M4pfL.png

[xizmax]

Best of luck

[EmpoEX]

We will keep an eye on XNAN.

Good luck with the launch.

[minerpools]

A non-ICO coin is something that needs to be supported nowadays.
I'll set up a pool for ya

EDIT: Pool setup and ready for launch, url on my sig.

[techbytes]

Finally a non ICO/ITO/IPO coin...  This is rare nowadays.


-tb-

[kcanup]

x11? 

[Nanite]

x11? 

We chose x11 for the PoW distribution phase as its less power hungry as some other hashing algorithm's and is widely supported by many mining software programs.

[scorpio18]

Bad launch time , is 12:28 AM here

[mumak]

Let's see... Please make 1-100 blocks 0 coins and I'm in!

[SecondsOld]

Glad to see no IPO.

[kcanup]

x11?  

We chose x11 for the PoW distribution phase as its less power hungry as some other hashing algorithm's and is widely supported by many mining software programs.

I understand its less power hungry algo but in pool you ll see big big farms (may be x11 asic) hashing this coin and driving small gpu miners away from getting even few coins  
So technically with x11 you ll be feeding whales   

[Nanite]

x11? 

We chose x11 for the PoW distribution phase as its less power hungry as some other hashing algorithm's and is widely supported by many mining software programs.

I understand its less power hungry algo but in pool you ll see big big farms (may be x11 asic) hashing this coin and driving small gpu miners away from getting even few coins 

This is why we varied the reward structures, so hopefully any big farms will not be constant allowing even the small miners to join in.

We tried to eliminate this the best way we could, but big miners will always dominate with multiple algorithms (scypt, sha, x11/13/15 etc)

[bathrobehero]

x11?  

We chose x11 for the PoW distribution phase as its less power hungry as some other hashing algorithm's and is widely supported by many mining software programs.

I understand its less power hungry algo but in pool you ll see big big farms (may be x11 asic) hashing this coin and driving small gpu miners away from getting even few coins  

^This. You can rent 3.5Gh/s "rigs". There are a few, more fair algos (qubit, whirlpool, luffa, cryptonight, m7, blake512, hefty1, fugue, deep, s3 (most energy efficient)) but whatever.

Let's see... Please make 1-100 blocks 0 coins and I'm in!

What's the fun in that?

[CryptoPromotions]

Let's see... Please make 1-100 blocks 0 coins and I'm in!

there are only 4001 pow blocks. please do not make any of them 0. miners have it bad enough lately with all the ico. they don't need to be punished further to protect the lazy.

[kcanup]

x11? 

We chose x11 for the PoW distribution phase as its less power hungry as some other hashing algorithm's and is widely supported by many mining software programs.

I understand its less power hungry algo but in pool you ll see big big farms (may be x11 asic) hashing this coin and driving small gpu miners away from getting even few coins 

^This. You can rent 3.5Gh/s "rigs".

Let's see... Please make 1-100 blocks 0 coins and I'm in!

What's the fun in that?

Rent 3.5 gh/s rig? I can afford only 3.5 mh/s bro 

[CryptoPromotions]

people even fud algos now. its dumb.

[bathrobehero]

people even fud algos now. its dumb.

The point of PoW is distribution which is pretty bad with these ASIC/FPGA/whatever algos like the x-series. And if this coin hits an exchange before the PoW period, multipools will dump the price to the usual levels.

[kosaet]

I am in, looks good

[kcanup]

people even fud algos now. its dumb.

Its not fud lol. Just a concern about distribution, smart people should know 

[Nanite]

Let's see... Please make 1-100 blocks 0 coins and I'm in!

there are only 4001 pow blocks. please do not make any of them 0. miners have it bad enough lately with all the ico. they don't need to be punished further to protect the lazy.

The reward structure won't be changed, as wallets/nodes are already compiled. Essentially its first in first served, if you truly believe that we can make Nanite something big you'll be here mining from the start.