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Staking Nebilo - How To Guide!

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.
'curl https://raw.githubusercontent.com/NeblioTeam/NEBL-Pi/masteNEBL-Pi-Installer.sh | 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
submitted by danjel888 to Neblio [link] [comments]

Fear not, although China IS banning cryptocurrencies.

If you can read Chinese and are familiar with politics of China, it is delusional or misguiding to say that China is not trying its best to prohibit its people to invest in cryptocurrencies.
First of all, the Chinese government has built the most advanced firewall in the world to block its citizen to reach out information it has no full control of. For your knowledge, Google services, Youtube, Facebook, and almost all foreigns news outlet giants have been blocked for many years and the situation is only getting worse. According to https://freedomhouse.org/report/freedom-net/freedom-net-2016, China's internet freedom has fallen behind Iran and Syria.
Secondly, it has been some time since China has limited its citizens to exchange for foreign currencies in the banks. Each person is capped to exchange 50,000$ per year, and you will also have to explain what is the use of the foreign currencies, which can not include investment in foreign CFD markets etc etc. There were rumors about how companies like BMW had trouble sending its profit earned in China back to Germany one time. So basically, your money must stay in China and be controlled by the government.
Now that you have learned how much control China wants over his citizens, let's see what is wrong about the claim "China is not banning cryptocurrencies". I was curious to see what the author had to say to support his claim, however unfortunately his supporting evidence consists only the official policies about how China has addressed the importance of blockchain technology and how they have included it in the country's major future development plan. Do you also remember how it is said that China might be the first country to issue national cryptocurrencies? Nonetheless, it is quite obvious that all these policies are in fact far from the idea of supporting "decentralized cryptos" we talk about here everyday.
Simply put, China is all about "centralization" instead of "decentralization". If you don't understand that, you know nothing about the current China politics.
That all said, the "new" news about China banning foreign exchanges is not new at all, and has been implemented for some time without official statement (just like how China never admits that it has a firewall to censoblock foreign internet, although they are doing it in a massive scale). For your knowledge, Poloniex and some other exchanges' website have been blocked by GFW for more than months. Sometimes it's not the whole domain, but the registration page etc. The only new thing is that Binance recently joined and announced that they will actively block Chinese IP (even several days before this news). So what is more likely to happen is more exchanges' websites are going to be in the list of GFW. Nevertheless how well GFW is doing is not a topic I want discuss here, but I'd like to conclude that this is not new.
Moreover, in the Chinese community (as liberal as most of you guys here), many hope China ban bitcoin outright so that it losts its influence to it completely, which I too quite agree but don't think they'll actually do it, as they are well aware of Russia's failure in doing this. The evidence is that bitcoin only really soared after China shut down all exchanges in the country last Sept, where most FUDs frequented. Recently, the community has also talked about mining ban in China for the next step, as they believe this will further help bitcoin grow in the long run.
To conclude, China does not want bitcoin, cryptos it has no control over at all (not surprisingly). They really hope to ban it completely, but are still looking to do it with success. This is one fact everyone should realize and admit. On the other hand, one should also realize that China's influence has decreased significantly. My advice is however try to ignore most news from China, good or bad, since they are mostly about manipulations.
There may not be so many FUDs, if they are not mostly enemy within.
submitted by MonkeyKingKill to CryptoCurrency [link] [comments]

Sorry folks, I honestly believe Monero on Binance is a non-starter, and they'll never re-enable it. Details inside.

Monero is essentially the only truly private and anonymous cryptocurrency when used properly [that you can trust is actually private].
Binance is a Chinese company and China has ridiculously strict fiscal controls on its citizens & businesses (you can't move money out of the country without government approval, for example). A few months ago they cracked down on the crypto exchanges and people were speculating they were banning bitcoin. They didn't ban it, but they wanted to make sure the exchanges were following Chinese law. Bitcoin is allowed because they can track it and observe it. They can also control it to an extent given that the majority of the mining hashrate rests behind China's great firewall. Monero, on the other hand, allows them to circumvent all of China's fiscal regulations and controls, and do so anonymously. It would allow anyone, from Chinese peasant farmers to their billion dollar businessmen to do whatever they wanted with their money without government approval or oversight. This is a huge no-no. China isn't having any of that nonsense.
Hence, the real reason why Monero and Binance are having problems. I will no longer use this exchange because I don't want to support that kind of business (or politics, oppression, whatever the Chinese communist party are in the mood for that day). People seem to forget... While China has become slightly more capitalistic these past 20 years, it's still one of the most authoritarian governments on the planet.
submitted by QnA to binance [link] [comments]

[uncensored-r/CryptoCurrency] Fear not, although China IS banning cryptocurrencies.

The following post by MonkeyKingKill is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7vlk6d
The original post's content was as follows:
If you can read Chinese and are familiar with politics of China, it is delusional or misguiding to say that China is not trying its best to prohibit its people to invest in cryptocurrencies.
First of all, the Chinese government has built the most advanced firewall in the world to block its citizen to reach out information it has no full control of. For your knowledge, Google services, Youtube, Facebook, and almost all foreigns news outlet giants have been blocked for many years and the situation is only getting worse. According to https://freedomhouse.org/report/freedom-net/freedom-net-2016, China's internet freedom has fallen behind Iran and Syria.
Secondly, it has been some time since China has limited its citizens to exchange for foreign currencies in the banks. Each person is capped to exchange 50,000$ per year, and you will also have to explain what is the use of the foreign currencies, which can not include investment in foreign CFD markets etc etc. There were rumors about how companies like BMW had trouble sending its profit earned in China back to Germany one time. So basically, your money must stay in China and be controlled by the government.
Now that you have learned how much control China wants over his citizens, let's see what is wrong about the claim "China is not banning cryptocurrencies". I was curious to see what the author had to say to support his claim, however unfortunately his supporting evidence consists only the official policies about how China has addressed the importance of blockchain technology and how they have included it in the country's major future development plan. Do you also remember how it is said that China might be the first country to issue national cryptocurrencies? Nonetheless, it is quite obvious that all these policies are in fact far from the idea of supporting "decentralized cryptos" we talk about here everyday.
Simply put, China is all about "centralization" instead of "decentralization". If you don't understand that, you know nothing about the current China politics.
That all said, the "new" news about China banning foreign exchanges is not new at all, and has been implemented for some time without official statement (just like how China never admits that it has a firewall to censoblock foreign internet, although they are doing it in a massive scale). For your knowledge, Poloniex and some other exchanges' website have been blocked by GFW for more than months. Sometimes it's not the whole domain, but the registration page etc. The only new thing is that Binance recently joined and announced that they will actively block Chinese IP (even several days before this news). So what is more likely to happen is more exchanges' websites are going to be in the list of GFW. Nevertheless how well GFW is doing is not a topic I want discuss here, but I'd like to conclude that this is not new.
Moreover, in the Chinese community (as liberal as most of you guys here), many hope China ban bitcoin outright so that it losts its influence to it completely, which I too quite agree but don't think they'll actually do it, as they are well aware of Russia's failure in doing this. The evidence is that bitcoin only really soared after China shut down all exchanges in the country last Sept, where most FUDs frequented. Recently, the community has also talked about mining ban in China for the next step, as they believe this will further help bitcoin grow in the long run.
To conclude, China does not want bitcoin, cryptos it has no control over at all (not surprisingly). They really hope to ban it completely, but are still looking to do it with success. This is one fact everyone should realize and admit. On the other hand, one should also realize that China's influence has decreased significantly. My advice is however try to ignore most news from China, good or bad, since they are mostly about manipulations.
There may not be so many FUDs, if they are not mostly enemy within.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

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Cardano Shelley Begins, Unlimited Easing, Binance Mining, BitFinex Pulse & Be Careful

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