Author Topic: Noir Investment Group : NoirShares  (Read 79620 times)

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Offline Amazon

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Why is it called Noirbits 2.0? Is there a 1.0 version, what happened to it?
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Offline barwizi

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  • Noirbits, NoirShares, NoirEx.....lol, noir anyone?
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NoirShares is the first hybrid Momentum PoS/PoW crypto. Momentum algo has memory hard qualities which make reduce GPU mining advantages.



The combination momentum Proof of Work with a Proof of stake implementation serves to guard against 51% attacks. 51% attacks are situations where a person or group holds hash power equivalent to 51% or more of total network hash. This allows them to double spend their shares through a first spend then overwritting the valid block chain with their own longer block chain. Proof-of-stake block generation reduces the risk of 51% attacks because the cost of acquiring 51% of all stake would be much higher due to having to buy at least 51% of all shares in existence, that and the cost of acquiring 51% of all mining power makes the cost of attempting and attack prohibitive if not down right imposiible as the price per share will rise as people notice the demand. In some cases other miners and traders will halt sales just to wait out for the highest price, thusly making it even more complicated and nigh impossible to achieve 51% control. In a 51% stake attack the attacker's investment would be directly at risk of losing value. By contrast, with a 51% mining attack on a pure PoW implementation  the attacker would still own the mining hardware which could either be sold or used to mine a different cryptocurrency following the attack.

These measures serve to secure the network also in that users are inclined to keep their nodes online in order to generate stake.

As proof-of-work blocks become less rewarding, coin generation becomes increasingly based on proof-of-stake block generation which in of it's own is energy efficient and requires less resources. Thus protecting the chain from attackers becomes far less expensive.

NoirShares Features and Parameters

Doubles as both currency and equity for the NIG group. 

80 shares per block initially

Per block difficulty adjustment

~ 5 million coins will be produced via PoW
 
5% block reward reduction every 3000 blocks

Minumum Stake age is 7 days, full age 14 days

Tx fees are 0.01 NRS are destroyed in an attempt at aggresively countering inflation due to mining and stake

As the chain progresses and transitions to relying more on PoS blocks, it becomes highly energy efficient in comparison to pure PoW coins. This weaning of reliance on high powered machines encourages the average user to be able to have a functioning node that if used properly can be profitable.

Posts will run concurrently here and on noirbitstalk.org

Details on NRS as a DAC candidate will be posted here and information relative to the Noir Investment group will be posted @  noirbits.org

Source code for review and Linux machines
https://github.com/Nameshar/NoirShares

addnode=107.170.254.5
addnode= 41.78.77.178
addnode=192.241.213.244
addnode=172.245.183.30
addnode=162.243.131.88
addnode=54.213.71.178
addnode=192.241.213.224
addnode=54.80.61.11
addnode=198.199.96.129
addnode=54.197.175.238

Windows and Mac clients in the works. Here is windows but it's got a few bumps, working to fix that now.

https://docs.google.com/file/d/0B9cvOfoOekSdR3pNZG5PeWVmazg/edit


Stand alone windows miner


https://www.dropbox.com/s/mcep9fqjehq5vj9/pts-getwork.zip


Understanding how your investment works

Noir Investment Group

Investment Options

Block Crawler

 nrs.argakiig.us/BlockCrawler

POOL
NRS Block Quarry


General Fund now open for Shares.

NRS :- 9cViAqUd7AKKZY5UyJUQo6nXCVJGTar1F7
PTS :- Pv2FwmEsDcTYaCipdTUiC4kfPtSfYY84iP
BTC :-  1Nf7PswAM87DWXfRLWxVVTjb8BYK3qfQuS
« Last Edit: March 14, 2014, 10:57:15 pm by barwizi »
--Bar--  PiNEJGUv4AZVZkLuF6hV4xwbYTRp5etWWJ

The magical land of crypto, no freebies people.