Why Our Mining Pool is Excited About Neurai: A Deep Dive

Hello Miners and Crypto Enthusiasts,

As the operator of a leading mining pool, I’m always on the hunt for blockchain projects that offer something unique and valuable. Today, I want to share why we’re particularly excited about Neurai and why you should be too.

Tier 1 Exchange Contract Signed!

Today (October 27, 2023) Neurai signed a contract with a tier 1 exchange, which usually takes about 15 days after contract signing, meaning the listing will occur mid to late November 2023.

What Does This Mean for Miners and Investors?

• Increased Liquidity: Being listed on a Tier 1 exchange ensures high liquidity, making it easier for miners to sell their tokens.
• Greater Exposure: Tier 1 exchanges often have a large user base, which means more people will become aware of Neurai, potentially increasing demand for the token.
• Enhanced Credibility: Being listed on a reputable exchange adds an extra layer of credibility to the project, attracting more serious investors and participants.
• Easier Access: For those who are not into mining but want to invest in Neurai, this provides an easy and secure way to purchase tokens.

Future Prospects

This partnership is just the beginning. With the increased visibility and accessibility that comes with being listed on a Tier 1 exchange, we can expect accelerated growth and development for the Neurai project. It’s an exciting time to be a part of this community, whether you’re a miner, investor, or developer.

Built on Strong Foundations

Neurai is not just another blockchain; it’s built on the robust and proven code of Ravencoin. This gives it a solid foundation, ensuring security and scalability. The project is focused on Proof of Work (PoW) for good distribution and is ASIC-resistant to avoid mining centralization.

IoT: The Real-World Connector

Neurai is designed to work seamlessly with IoT devices, including low-power microcontrollers like ESP32 and RISC-V. This is particularly exciting for us, given our experience with ESP32 in our mining operations. IoT devices in the Neurai ecosystem can interact with blockchain tokens and NFTs in various ways:

• Device Authentication: Tokens and NFTs can authenticate and verify devices on an IoT network.
• Data Ownership: NFTs can represent the ownership of data generated by IoT devices.
• Automatic Payments: IoT devices can use tokens for automatic transactions.
• Maintenance and Service Records: NFTs can be linked to an IoT device to record its maintenance history.

AI: The Intelligence Layer

Neurai is also venturing into AI and machine learning. AI algorithms can respond to data from IoT sensors and use Neurai’s blockchain assets to adapt to various needs. For instance, AI can be used for intelligent traceability on farms or automated logging based on patterns. The project is considering various AI development tools and frameworks like TensorFlow Lite, TinyML, ONNX, and PyTorch for future implementations.

Scalability and Speed

Neurai starts with an 8 MB block size and has the capability to adapt to future needs. It boasts transactions that are 10 times faster than Bitcoin and has 8 times more capacity per block. This scalability ensures that as the network grows, it won’t suffer from bottlenecks.

Asset Management

Neurai allows for the management of NFTs and tokens directly from the node. This means you can use external links to add more information to your assets, providing a level of flexibility and control that’s often missing in other blockchains.

Cost-Effectiveness

When it comes to transaction fees, Neurai is highly cost-effective. With an average transaction fee of just $0.005, it’s far more affordable than both Bitcoin and Ethereum, making it an attractive option for both miners and users.

Community and Development

The Neurai team is a group of friends with knowledge in electronics and programming languages. They have a technical approach and are open to community contributions through hackathons and other events. This community-driven approach aligns well with our own values.

Tokenomics: A Miner’s Perspective

One of the most critical aspects that we evaluate before supporting a new blockchain project is its tokenomics. Neurai has designed its tokenomics in a way that aligns with our values and interests as a mining pool.

Max Supply and Distribution

Neurai has a maximum supply of 21 Billion tokens. The distribution is planned in a unique “Micro Halving” style, which occurs every 10 days and reduces the mining reward by 5%. This ensures a fair and gradual distribution of tokens over time.

• 1st Year: 57% of tokens will be mined
• 2nd Year: 70%
• 3rd Year: 80%
• 4th Year: 86%
• 5th Year: 92%
• 6th Year: 94%
• 7th Year: 95%

Transaction Costs

With an average transaction fee of just $0.005, Neurai makes it extremely cost-effective for miners and users alike. This low fee structure is beneficial for both microtransactions and larger, more complex transactions.

Mining Algorithm

Neurai uses the KAWPOW hashing algorithm, which is ASIC-resistant. This is a crucial feature for us as it prevents mining centralization and allows for a more equitable distribution of mining rewards.

Future Developments

Neurai has also hinted at the introduction of smart contracts in the future, which opens up additional avenues for miners and developers to earn and contribute to the ecosystem.

Wallet Options for Neurai Users

When it comes to managing your Neurai tokens, you have several wallet options to choose from. Each wallet type has its own set of features, advantages, and limitations. Here’s a detailed look at each:

Wallet with Integrated Node

• Description: This wallet comes with an integrated node and is slow to synchronize the first time. It requires the entire blockchain to be downloaded.
• Custody: Self
• Full Blockchain: Yes
• Bip39: Yes
• Backup: Yes
• Operating Systems: Windows / Linux
• Download: Link

Electrum Wallet

• Description: A fast and light wallet that uses external servers to validate transactions, making it unnecessary to download the blockchain.
• Custody: Self
• Full Blockchain: No
• Bip39: Yes
• Backup: Yes
• Operating Systems: Windows / MAC / Linux
• Download: Link

Vidulum Wallet

• Description: A web and mobile wallet that depends on the blockbook explorer managed by Neurai. Custody is partial, and it’s possible to export the private key to the other two wallets.
• Custody: Partial
• Full Blockchain: No
• Bip39: No
• Backup: Yes
• Operating Systems: Web Wallet / Android / iOS
• Download: Link

In summary, the tokenomics of Neurai are structured to incentivize long-term participation and reward miners adequately. Its focus on fair distribution, low transaction fees, and future scalability makes it an exciting project for our mining pool to support.

In Conclusion

Neurai checks all the boxes for what we look for in a blockchain project. Its focus on IoT integration, scalability, asset management, and AI makes it a project worth supporting. We’re thrilled to be a part of the Neurai ecosystem and can’t wait to see where it goes from here.

Happy Mining!