[ANN] - ELEMS - NXT MS Mintable Coin - No Premine - No IPO - Fair Distribution

[elems]

SPECS

NXT BASED
Total Supply: 84 000 000 ELEMS
Minimum Difficulty: 10
Maximum Dificulty: 150
Minting Algorithm: Scrypt
No IPO
No Premine

DESCRIPTION

Elements (ELEMS) is the first MS coin using Scrypt Algorithm and the first MS coin that people start minting. ELEMS had no initial supply (pre-mining). We believe in fair distribution. At the moment there is no GPU miner. Everyone can use his computer to mint ELEMS. We want to build a great community and add value to our coin.

NO PREMINE! NO INITIAL SUPPLY! NO IPO! FAIR DISTRIBUTION AGAIN!

RESOURCES

Minting Tutorial (currently under public proof check, more info here)
https://docs.google.com/document/d/1_QdcrY1q6_n9J3NOcyoczGqELIeCy6S6zNG2Cj22bj8/edit?pli=1

ROADMAP

ELEMS Logo (coming soon)
Minting Tutorial (proof-check)
ELEMS Statistics Page --> https://nxtforum.org/index.php?topic=7534.0
Project Rescue Announcement --> https://nxtforum.org/index.php?topic=7556.0
Promotional offer for new users --> https://nxtforum.org/index.php?topic=7400.0

ANNOUNCEMENTS

BitcoinTalk Announcement Post:  https://bitcointalk.org/index.php?topic=921194.new#new
New NRS version: https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.4.8.zip

[1714123760]

1714123760

[ocminer]

hmmm

[Olegcho]

Where is the source?

[wakasaki96744]

if someone needs the full NXT Blockchain (up to beginning of January ) its located http://peerexplorer.com/

At the bottom states "Download NXT Blockchain". Copy the unzipped part of the file into nxt_db

[ocminer]

Where is the source?

Its NXT...

[wakasaki96744]

Where is the source?

It's a coin that is built on the NXT blockchain

[Shadow_Runner]

I don't understand NXT, this coin can be mined by miner or not? Simple question.

[najzenmajsen]

booooooring 

[wakasaki96744]

I don't understand NXT, this coin can be mined by miner or not? Simple question.

it can't be mined in the way Litecoin, Bitcoin, etc. is mined. (different coding)

But yes it can be mined (or minted as the term with NXT) using the mint.bat miner that comes with the NXT client.

In essence, in the same sense that Bitcoin and its  alts can be mined. NXT MS Currencies can be minted.

[ocminer]

booooooring 

+1   

[elems]

Where is the source?

The Monetary System (MS) allows users to launch new currencies, securing them with the Nxt blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network.

It it the source code of NXT: https://bitbucket.org/JeanLucPicard/nxt/src

 

[Damelon]

I don't understand NXT, this coin can be mined by miner or not? Simple question.

Yes, if the issuer makes the coin mineable, it can be.

The Nxt Monetary System allows a different types of coin, depending on what use they have.

For documentation: https://wiki.nxtcrypto.org/wiki/Monetary_System  

[elems]

Promotional Offer: In order to start minting a coin you need to have nxt in your wallet account. The Elements team will help new users to be part of our community by sending a small amount of nxt to any new user that wants to start minting. Please post here your account number and your public key.

Account:
******

Public key:
*******

Please visit this post for promotional offers: https://nxtforum.org/index.php?topic=7400.0

[hack_]

booooooring 

+1   

Makes me want to ninja something

[elems]

******

For more info about promotional offers please visit this page.

[Patrik90]

How long does it take to mint 1 ELEMS with an average computer?

[ChuckOne]

I don't understand NXT, this coin can be mined by miner or not? Simple question.

NXT no.
ELEMS yes.

[acarterczyz]

Thanks. The miner opens and closes quickly. I changed everything to the correct format in the config file...

[yassin54]

https://nxtforum.org/nrs-releases/nrs-v1-4-8/

[elems]

Thanks. The miner opens and closes quickly. I changed everything to the correct format in the config file...

    Open your mint.bat file and you will see this:
  

Code:

    @ECHO OFF
    java.exe -cp classes;lib\*;conf nxt.mint.MintWorker

    change it to this and run it again:

Code:

    @ECHO OFF
    java.exe -cp classes;lib\*;conf nxt.mint.MintWorker
    pause

If something is wrong the console window closes automatically. By adding a "pause" stays open. Can you please copy paste here the logs so we can find the error?