Mining Nexty can be profitable
Nexty is a new cryptocurrency that implements unique technological solutions, can boast exceptional characteristics and a special ideology of creation and application. Therefore, the approach to mining this cryptocurrency should differ from the approach to mining another, otherwise, the process will not pay for the costs. Before we begin, let's enumerate the main differences between Nexty and other crypto-currencies. They include:
• Instant Transactions;
• No fee for commission;
• Stabilization of the exchange rate.
From the miner's point of view, the first two features are irrelevant. The question of how quickly or cheaply can you make purchases for cryptocurrency is not related to the question of how profitable it is to mine it. However, a stable exchange rate has a certain value for the beginning Nexty miner. On the one hand, this cryptocurrency can be mined like any other. On the other hand, this limits the possible revenue from Nexty.
The tricks of the trade
Mining of a cryptocurrency at the beginning of its implementation has always been a profitable occupation, but only if there were guarantees that this cryptocurrency will succeed. In this case, you could easily get a large number of tokens for free and choose the time when they will rise in price so as to recoup investments. Using this tactic, many got rich through Bitcoin, and these sudden riches attracted public attention to cryptocurrencies in general, creating a fuss around them.
Is this possible with Nexty? Without a doubt, yes. The planned rate of one token of this cryptocurrency to the dollar is 1:1, and at the beginning of implementation, it is possible to mine a large number of Nexty tokens. However, it should be understood that this will be a very long-term investment: Nexty is planned as a cryptocurrency with a slow and gradual rise to the planned stable rate, so after the bulk of the reserve of the tokens will be mined out, you will have to wait some more time. However, provided that such a long-term investment is made, the sale of one's reserve of Nexty can bring a considerable income.
You should know some features of Nexty before you start mining. There are two different currencies in Nexty: NTY and NTF. The second play an auxiliary role in direct transactions using the first, but it is endowed with a special role in mining. It is necessary to know that only by owning NTF, you can engage in the mining of the basic units of Nexty. It does not matter how you get the NTF stock for mining: you can also mine it, or you can buy it, or get it as a bonus for purchased NTY. But at first, you can buy NTF only after Nexty's main reserve is formed, so the first time you will definitely need mining NTF.
How many total Nexty tokens exists?
In total, Nexty token reserve of the main species (that is, NTY) is planned to be 220 billion. The amount of NTF is not disclosed, but, obviously, it will be at least a thousand times less. Once the bulk of this reserve is mined, the rate should approach the planned 1:1 against the dollar.
Project links:
WebSite- https://nexty.io
Whitepaper- https://nexty.io/nexty-whitepaper.pdf
Bitcointalk ANNThread: https://bitcointalk.org/index.php?topic=2498919
Telegram- https://t.me/nexty_io
BlogMedium- https://medium.com/@nextyio
Facebook- https://facebook.com/nextycoin
Twitter- https://twitter.com/nextyio
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