Hey! I’m relatively new to Cryptos and the dark arts of how it ‘really’ works – I got into it because I heard that a friend of a friend had bought $13,000 worth of XRP at $0.30 and sold it all at pretty much the all time high. Naturally you could forgive me for thinking that this is easy!
Since then I’ve tried trading and to be totally honest, it doesn’t play to my strengths. I’m at my best when I find an opportunity and hold (I make no apologies for spelling that correctly either!). I’ve only come across 3-4 coins that have caught my attention so far and I’ve been through nearly all of them in the top 300 and a lot of them outside of that (as well as multiple ICO’s).
Now you know a little bit about my background and how I got into Cryptos – the purpose of this post is to help all the NEBL holders/owners out there understand that by leaving your NEBL in an online exchanges such as Binance you are letting them earn interest on your investment! Nebilo is a Proof of Stake (PoS) coin and PoS is a category of consensus algorithms for public blockchains, which Neblio’s algorithm is a part of. It serves a similar function to the proof of work which underpins the security behind Bitcoin, but has significant advantages in terms of security and energy efficiency.
There are multiple links that I used to get me set up, as well as some really useful help from Telegram user ‘rejoin**’ The only problem was that to someone who has completely no idea about how to use anything other than Microsoft Excel, Word or Powerpoint – answers like ‘it’s simple’ weren’t really what I was looking for.
Cutting to the chase – here is a full guide to help people with ‘staking’ https://nebl.io/2017/07/01/staking-explained/
for the Raspberry Pi 3 – it should however help anyone looking to stake as the basic principles are the same across the board.
Step 1 - Buy the Pi
Assuming that you’re here because you’ve already bought NEBL – the first thing that you need to do is decide what device you want to stake on. Personally I went for the Raspberry Pi 3 (RP3) – it’s low energy consumption and it was as simple as that for me. I bought mine on Amazon for around £45 - https://www.amazon.co.uk/Raspberry-Pi-Official-Desktop-Startedp/B01CI58722/ref=sr_1_5?s=computers&ie=UTF8&qid=1517059342&sr=1-5&keywords=raspberry%2Bpi%2B3&th=1
Step 2 - Setting up the Pi
The lovely postman turns up and hands you your package – opening it is quite an experience in itself, there is virtually nothing there, apart from a circuit board, power cable and a few bits of plastic. Prepare to be amazed! To get set up – the best work through I found is this video. https://www.youtube.com/watch?v=gbJB3387xUw
Apologies in advance, but that isn’t Donald Trump. Looks pretty close though.
Step 3 - Download the wallet
There are lots of wallets to choose from - https://nebl.io/wallets/
- but for the sake of this how to guide – make sure you go on your RP3 and download the RP3 wallet.
You can either copy the script from the webpage – or this post. You will need to click on the ‘Terminal’ on the RP3 – paste this exactly into the terminal and it will start to install the wallet. The terminal can be found pinned to the taskbar on the RP3 - it looks a bit like the 'run' feature on Windows.
| bash -s -- -q'
I don’t know about you – but I was already pretty amazed at this point (doesn’t take a lot… I know).
Step 4 - Syncing
Once you’ve done the step 3, you should be presented with a neblio wallet on your RP3 desktop. We’ll leave that bit there for now – it will need start to sync and you’ll see a certain number of blocks processing etc, so now we need to concentrate on getting yourself set up with a firewall and making sure your RP3 doesn’t power down (if it does, then your node will not count at active and staking will not be live).
Step 5 – Encrypt your wallet
This is a very important part of the process – to stake, your wallet must be unlocked, but encrypted – make sure you take the time here to set a complex password that only you know. To encrypt your wallet – click on ‘settings’ and then ‘encrypt wallet’.
Step 6 – Downloading a firewall
Now you’re welcome to google this (I did when it was explained to me), so once you have – go to your terminal again and type in the following one after another.
sudo apt-get install ufw –y (copy, paste and then press enter)
sudo ufw enable (let it run, copy, paste and then press enter)
sudo ufw allow 6325 (let it run, copy, paste and then press enter)
Step 7 – Setting your RP3 to stay awake (Optional - I did this purely for peace of mind)
There might well be a better way of doing this and if there is, please let me know and I’ll update this post… but this was the best video I found for this was here - https://www.youtube.com/watch?v=hWKSTsWwOTk
I went into the feature that you install and set all the minutes to the highest possible values (which I believe are 720 minutes).
Step 8 – Send your NEBL’s
Now that you have your wallet set up with firewall and the RP3 won’t sleep – It’s time to get move your NEBL’s from Binance or whatever other exchange you’re using. Click on ‘receive tokens’ and you’ll be presented with your wallet address. I always send 1 token first to test the route works – yeah you get charged 0.01 NEBL, but for me I prefer the safety route first.
The only thing to note is that it is best to stake in as higher group as possible. If for example you have 1000 NEBL and you transferred them across in 4 batches of 250 – you would have 4 staking groups of 250 each.
If you’re OK with sending them to yourself in one go, then go for it and we’re nearly there!
Step 9 – Unlock your wallet
In order to stake, you must have your wallet open – this allows you to become part of the blockchain and act as a node in the wider Neblio network. Through being open you process the transactions through the network and earn fees.
Step 10 – Wait and earn!
Now that you’ve got all your NEBL’s in your wallet and it is unlocked and encrypted (please make sure you’ve done this!!) it will take 24 hours at least for your coins to mature, you will see a stack of coins in the bottom right hand corner, when these are white it means they are not currently staking. As soon as these have changed to black, it will tell you your weight and how many days until you get your reward for supporting the Neblio Blockchain!
If anyone found this step by step guide of any use – Any donations gratefully received! Oh... and please backup your wallet! There are guides for this when you download the wallet.
NEBL - Nex9xcgNcmjPKBp9LA85cpmS44tJewsFp2
Further help can be found in the Neblio Telegram Group - https://t.me/joinchat/GFVgz0G-oVXOIJGfFYD-vg
Welcome to the NavCoin subreddit!
What is NavCoin?
NavCoin is a cryptocurrency based off Bitcoin. While it offers all the benefits of Bitcoin, it also has added benefits such as faster and cheaper transactions, the ability to earn 5% on your NAV and optional private payments.
A key difference is that NavCoin uses the Proof of Stake algorithm to secure the network (as opposed to Proof of Work that Bitcoin and others use). The benefit of using Proof of Stake is that it's much more lightweight and you don't need huge servers or farms to mine NavCoin. All you need is to install a Core Wallet, turn on staking mode and you will earn 5% on the amount in your wallet.
What sets us apart?
- Fast transactions times (30 second block times)
- Low cost transactions (0.0001 NAV)
- A Proof of Stake wallet that doesn't require a huge server to run. Even a 5V Raspberry Pi can run it. This ensures decentralization in nodes.
- Users earn 5% yearly rewards on the amount of coins in their unlocked wallet.
- Optional, but fully anonymous transactions. NavCoin uses the RSA algorithm for privacy which is widely studied and very safe.
- A highly active development team, with status updates released every week.
- SegWit has been voted on and activated by the community. This enables further advances in tech such as the implementation of the Lightning Network (aka private and instant transactions)
- We've proven our abilities and intentions the hard way - by being around for close to 4 years now with no intention of slowing down.
- A partnership with Changelly that will allow people to switch between different cryptocurrencies instantly and anonymously.
- A roadmap that's chock-full with projects that will transform NavCoin from a simple currency to a privacy platform with the ability to build anonymous distributed apps.
How do I buy NavCoin?
The cheapest way to get NAV is through an exchange.
- Buy Bitcoin or Ethereum - for example using LocalBitcoins
- Join an exchange such as Poloniex, Bittrex or Binance and transfer your Bitcoins to your account. Some exchanges require verification for trading or withdrawing.
- Once there find a NavCoin trading pair (such as BTC-NAV or ETH-NAV) and make a transaction. You set the price you want to pay and how much you want and wait until someone matches that offer.
- You now have your NAV! The next step is to send this to your wallet and start staking. Tutorials for setting up a wallet are available here.
Where can I get more information about the project?
How can I reach the team?
If you want to get involved in the community, have development or marketing ideas or need technical assistance it is best to join our Discord-Server
For other inquiries you can send a mail to [email protected]
How can I involved in the community?
We highly recommend joining our Discord-server
to connect with the team and community. Other social media sites you can check out are:
How can I help?
We are always looking for people with skills in development and marketing so please get in contact with the team if you are interested!
I turned my raspberry pi 3 into a miner for a small project since it was just laying around. the code and command i used will be down below. //after it boots up raspberry login: pi Password: raspberry //after logging in Sudo raspi-config //command reboot sudo apt-get update apt-get install automake autoconf pkg-config libcurl4-openssl-dev libjansson-dev… Step 1: The Wallet. First of all we're going to look at the quickest way to get up and running with this project. As such I'll be using a Trust Wallet address. Now normally if you've got Bitcoin the safest place for them to be in a secure private wallet. However, since we're lottery mining the likelihood is that we'll not get anything but in the event that you do you can use the Trust Wallet ... The binary files for Windows, Mac and Ubuntu differs. But Yes, the wallet backup file, database file and other core files such as: wallet.dat, wallet.keys, lmdb (data.mdb, lock.mdb), blk*.dat, .ldb files are compatible across platforms. So you can basically move your wallet to Raspberry Pi or another computer or different operating system without having to download the entire blockchain again. How to run a Bitcoin Lightning Node on Raspberry Pi. This simple guide shows you step by step how to setup, run and monitor your Bitcoin node. To help with scalability and performance of the Bitcoin network they have introduced the Lightning Network. This allows "off chain" transactions. This guide walks you through the steps in running a full Bitcoin Lightning Network Node on a Raspberry Pi ... Raspberry pi bitcoins. Le Raspberry Pi seul n'est pas un créateur de Bitcoin efficace, certains Raspinautes l'utilisent comme tel, mais plus pour montrer la façon dont fonctionne le mining et pas réellement comme un véritable moyen de créer des Bitcoins The Pi on its own isn't an efficient Bitcoin miner; some people are using it as one, but more as an example of how mining works and a bit ... 3. Launch Full Bitcoin Node on Raspberry Pi. You can run the full Bitcoin node on your Raspberry Pi to check and protect your transactions, as well as help process network transactions of other Bitcoin users. It is important to note that launching the full Bitcoin node does not bring you Bitcoin. Your Bitcoin wallet will not swell with every ... After download is complete, you may use Bitcoin Core as your wallet or you can just let it run to help support the Bitcoin network. Optional: Start Your Node At Login . Starting your node automatically each time you login to your computer makes it easy for you to contribute to the network. The easiest way to do this is to tell Bitcoin Core GUI to start at login. This only works in desktop ... WalletGenerator (Paper wallet generator) 10k.pizza (Portfolio tracking. Warning: Background mining) Education. IBM's ZeroToBlockchain (Free learning resources) Khan Academy on Bitcoin (Free Course) Mastering Bitcoin (Open Source book) Mastering Ethereum (Open Source book) Exchanges. Binance (Worldwide) Coinbase (Worldwide) GDAX (USA) Cash App ... With Bitcoins trading at almost $14,000 per bitcoin, perhaps it is finally time for me to get into the cryptocurrency game? Instead of buying bitcoins, could I use my Raspberry Pi to mine for bitcoins instead? What is Cryptocurrency mining? Crypto mining is the digital version of mining for gold, combining performing complicated calculations and pure luck... Raspberry Pi is one of the most popular mini-computers on the market. The small, cost-effective machine is as powerful as any regular desktop computer, with the newest iteration able to support a wide range of features. It is also possible ...
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